2020 Second Quarter Report & Outlook
The investment strategy I am currently pursuing on your behalf is based on two questions:
What is the probable financial outcome given both Americaâ€
Read More
The investment strategy I am currently pursuing on your behalf is based on two questions:
What is the probable financial outcome given both Americaâ€
Read More
COVID-19 and Its Economic Repercussions
As you might imagine, I often find myself working late these days (some of you can attest to this because
Read More
2019 Year End Newsletter and Outlook
Despite a trade war and recession fears, 2019 was a blowout year for risk taking. Long-term bonds and stocks p
Read More
The Implications of an Ultra-low Yield World
This quarter’s newsletter addresses two issues; large cash balances in client accounts and the chall
Read More
The first half of 2019 was a drama involving the bond market anticipating a recession and the stock market assuming that the Fed would ride to the res
Read More
Investors are on edge. One good quarter does not a year’s performance make. I interpret the recent market volatility as evidence that we are in the
Read More
2018 placed MCS clients, measured as one large portfolio, in the top return categories among asset classes. This is no small feat. Until the fourth qu
Read More
The third quarter ended strong for US stocks and weak for bonds. As October ends, stocks have given back this year’s gains. Investors are getting a
Read More
The markets treaded water in the first half. Trade war rhetoric, a deceleration in non-US global economic growth and fears of a yield curve inversion1
Read More
Warning Shot: Stocks, Bonds, Inflation, and Interest Rates
The first quarter of 2018 offered some validation of my number one concern (expressed in
Read More
Year End Results
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 4.28% in 2017, a
Read More
Sequence of Return Risk
This quarter’s update introduces the concept of Sequence of Return Risk and how this under-appreciated risk especially re
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 2.68% so far this year (through
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 1.67% after fees through March 3
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 3.47%1 after fees this year thro
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 4.71% after fees this year throu
Read More
If MCS clients' investments were treated as one large portfolio including their cash, on average clients gained 3.67% after fees through June 30, 20
Read More
This exhibit compares today's environment with the Dot-Com Stock and Real-Estate booms. Due to formatting constraints, it must be viewed as a PDF.
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, on average clients gained 1.44% after fees. The range of i
Read More
If MCS clients’ investments were treated as one large portfolio including their cash, clients gained 1.64% after fees. The range of individual cli
Read More
Despite the 3rd quarter turmoil, MCS client portfolios remained stable.
If MCS clients’ investments were treated as one large portfolio including
Read More
I am playing with the format of this report to hopefully make it more accessible. MCS clients’ interest in financial markets varies considerably
Read More
If MCS clients were one large portfolio including their cash, the first quarter 2015 return was 1.35%. Individual client returns ranged between -.
Read More
If MCS clients were one large portfolio including their cash, the 2014 return was 8.99%. Individual client returns ranged between 14.71% and 3.72%
Read More
If MCS clients were one large portfolio, the year-to-date return through September 30th was 6.42%. Individual client returns ranged between 3.09%
Read More
If MCS clients were one large portfolio, the year-to-date return through June 30th was 5.5%. Individual client returns ranged between 1.7% and 9.8
Read More
For calendar year 2013, aggregate MCS client assets gained 4.5%. Returns on client portfolios invested for the entire year ranged from -1.8% to 8.
Read More
Year to date through September 30 2013, aggregate MCS client assets gained 2.41%.
Stocks represented by the S&P 500 index turned in a very st
Read More
Below is a link to Schwab's Inherited IRA Guide. This guide is provided to the benefiicaries of an IRA upon the death of the IRA owner.
Schwab's
Read More
One way to gauge the impact of interest rates on bond prices is to calculate the duration* of a bond or bond portfolio. Duration is expressed in years
Read More
MCS was recently identified as a “top performer” and “innovator” in the InvestmentNews 2013 Adviser Technology Study. Our firm was selected fr
Read More
Individual client returns ranged from 2.9% to 12.2% for the year. These asset value increases compare with 16% for the S&P 500 (stock index) and
Read More
If MCS clients’ assets were one big portfolio, 2012 investment performance was up 6.4%. Individual client returns ranged from 2.9% to 12.2% for th
Read More
After stunning first quarter returns (up 12%), stocks1 lost 3.3% in the second quarter, yet they remained up 8.3% for the year (through June 30). By
Read More
During the quarter, MCS cautiously expanded its stock buying, depending on client circumstances. The move into stocks had been planned for months an
Read More
See and read Michael's comments on KMTR regarding Bank Transfer Day. http://www.kmtr.com/news/local/story/Bank-Transfer-Day-what-is-it-and-what-are-t
Read More
If MCS clients’ assets were one big portfolio, performance year to date was up 5.5% through September 30.
Individual client returns ranged from 2
Read More