2023 Year-End Newsletter & Outlook
Please read here.
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MCS clients outperformed the dreadful stock and bond market results of 2022. Overall, client losses were minor with the potential to be easily recovered. For the full year 2022 (if MCS clients’ investments were treated as one large portfolio including their cash), on average clients lost 2.67%, after fees. For comparison purposes, the S&P 500
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Investors have been battered as market indexes retreated to levels last seen in 2020. As MCS client year-to-date performance demonstrates (below), clients have significantly outperformed both stock and bond indexes. As my previous newsletter discussed, an investor-friendly era has ended, and a very unfriendly era is taking its place. My first objective is to keep
2022 Third Quarter Newsletter & Outlook Read More »
Investors took a beating in the first half of 2022 and are now hoping, dare I say praying, that the worst is over. This newsletter assesses today’s risks to stock and bond markets and decision making in the context of the Margin of Safety principle. Year to Date Review For the first six months of
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The two-year Pandemic Relief Party (in the form of $5 trillion in fiscal stimulus1 and a Fed easy money policy) drove a stock, bond, and digital assets mania that is coming to an end. The word ‘transitory’ – initially used by central bank policy makers to describe inflation – now applies to the sky-high prices investors
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Portfolio stress testing is often sought in times of market volatility. Unfortunately, this often boils down to doing too little too late. In this blog we’re going to cover what stress testing a portfolio is, and when and why you should do it. What is portfolio stress testing? We’ve written about the definition of portfolio
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In this blog, we’re going to break down what fee-only financial planning is, and we’ll provide some examples of how a fee-only financial planner can help you. Equally as importantly, we’ll talk about what a fee-only financial planner is not, and some types of financial advisors to avoid. What is financial planning? As fee-only financial
What is fee-only financial planning? (clear, easy definition) Read More »