I’m a big believer in simplicity for most things, and that includes investing. When constructing a portfolio, simplicity is what I aim for. In this piece, I offer a brief summary of how I analyze the holdings and make recommendations on what to keep and what to get out of when a client asks me to review and improve their investments.
Connecting the dots, we found that a nation's court system and level of justice have the most significant impact on its Freedom Index, and therefore, by extension, on the wealth and happiness of its citizens. Aristotle connected these ideas over 2000 years ago when he opined, “A just life is inherently a happy one.”
Wall Street has finally capitulated to gold’s record-breaking run.
Americans place a premium on elite and exclusive institutions. Many of us want to get into top-tier universities, pledge storied fraternities and, upon graduation, attain membership at Soho House.
The world’s metal traders are enjoying their most profitable ever year, after a series of supply upheavals propelled prices toward record highs and drove huge shifts in metal moving across the globe.
Being a millionaire isn’t what it used to be. This isn’t a lament, it’s a fact: As Bloomberg News reported last week, almost one-fifth of US households have a net worth of more than $1 million. Fully one-third of them have gained that status since 2017.
After a week-long rout that erased hundreds of billions in digital-asset value, Bitcoin has again failed to live up to its billing as a safe harbor asset.
Man Group Plc, the world’s largest publicly traded hedge fund, saw its assets soar to a record in the three months through September, as clients poured more money into long-only products and performance improved.
In 1967, a helicopter from United States Steel Corp. carrying a team of geologists made an accidental discovery after landing in a remote corner of the Amazon rainforest: a giant iron-ore deposit that would become Carajás, one of the world’s richest mineral regions.
To start from the top, the dollar’s doing fine. Having appreciated 3% in the past month, it remains above its 40-year average. It still commands the lion’s share of currency trading and global central bank reserves, even if international investors are hedging more exposure.
Bank of America Corp. and Morgan Stanley exposed a stock market puzzle on Wednesday. Both reported record third-quarter earnings following roaring results from rivals the day before.
Issuing new shares is usually considered a recipe for souring sentiment as stockholders get diluted. But in this go-go artificial intelligence-crazed market, that logic has been turned upside down.
Charles Schwab Corp. reported third-quarter earnings that beat estimates as the firm benefited from a surge in retail investing activity.
In just two years, India has gone from being the best-loved emerging market to the most sold, and now investors are bracing themselves for yet another quarter of disappointing corporate earnings.
Big banks are flying. Traders and dealmakers at Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and Wells Fargo & Co. enjoyed a roaring third quarter while lending grew, too.
As the world faces a future of lower growth, there is a temptation among policymakers to have the government take a more active role in the economy. Policy certainly has a role to play. But all governments should realize that abundance doesn’t come from better planning.
In the current economic climate, many high earners are living paycheck to paycheck and generally wrestling with anxieties about their financial security. However, there are ways financial planners can help calm clients’ fears and create a “cushion” in times of uncertainty.
If you want to move ahead in your career, remember that, while you need to be authentic and your best “you,” someone is always watching and making decisions on what they see!
Every market jolt this year — from April’s tariff scare to September’s tech pullback — has met the same reflex on Wall Street: more ETF buying. That collective impulse has now pushed US exchange-traded fund inflows past $1 trillion, the fastest asset haul the industry has ever seen.
Sometimes there are economic narratives that don’t quite deserve a debunking — they have more than a kernel of truth to them — but rather demand an appropriate level of skepticism. Three such stories are widespread today.
Asset managers are looking to raise new private credit funds aimed at emerging markets to capitalize on an explosion of financing deals in the sector this year.
Finance ministers and central bankers, gathering in Washington for the annual meetings of the International Monetary Fund, face a global trading system in disarray, uncertainty over the dollar’s standing and the likely course of interest rates, and financial markets that are (for now) unnervingly complacent.
US manufacturing may now be at its most vulnerable after decades of ceding crucial mining and production activities to China in the pursuit of low costs and higher company profits, and robust government support will be needed to narrow the time for securing the manufacturing supply chain.
The Fed may be chasing economic balance with its tiny nudges. Our wisest course is to find our own personal financial balance within the context of the larger economy. We can build it one grounded financial decision at a time.
A lot of people are watching this meteoric US stock market with amazement as it shakes off one worry after another – slowing labor market, sagging consumer sentiment, continuing trade uncertainty, geopolitical tensions and now a US government shutdown – on its way to new record highs.
Independent advisors have the ability to put their clients’ needs first, which is known as the independent advantage. Understanding the difference between captive financial advisors and independent financial advisors is also key to helping you pick the best advisor for you.
China’s sweeping new restrictions on rare earth exports mark its first major effort to police the global flow of critical minerals it dominates, using the same playbook that allows the US to wield power far beyond its shores.
The fastest way to embed yourself locally is a series of small, consistent actions that compound over time. Here are seven micro-moves we’ve used to position ourselves as the go-to financial planner.
JPMorgan Chase & Co. vowed to funnel $1.5 trillion into industries that bolster US economic security and resiliency over the next 10 years — an initiative that will invest billions of dollars in companies and hire bankers and other professionals
If you do not communicate with your prospect in their unique thinking mode, they will not become your client. If you can keep rapport high by matching their buying mode, you will double your business.
BlackRock Inc. pulled in $205 billion of client money in the third quarter as the world’s largest fund manager expanded its footprint in private credit and alternative assets.
Wall Street strategists have a warning for dip buyers tempted by Friday’s rout in US stocks: There could be more pain ahead, even as China and the United States are signaling openness to trade talks.
Over the next decade, the US economy will face two big challenges: higher interest rates and AI-generated disruption. Each invites the same solution: policies to keep rates below their market level.
The latest moves by European companies to list in the US are more radical than meets the eye. AstraZeneca Plc and TotalEnergies SE want to upgrade their existing US equity offering to stock from from quasi stock — a well-trodden path. But as ever, the devil is in the detail.
Corporate bond routs from Sao Paulo to Istanbul are signaling to investors that the standout run in emerging markets may be starting to show some cracks.
Oracle Corp. will get a chance this week to reassure investors that a rally, which has added roughly $400 billion in market value this year, is on a stable footing.
Modern economies are built on ideas, innovation, and intangible assets, but they still run on inputs you can’t digitize away. Labor, energy, materials, water, and capital are the physical and financial infrastructure that supports growth, drives margins, and defines which business models can actually scale.
OpenAI signed a multiyear agreement with Broadcom Inc. to collaborate on custom chips and networking equipment, marking the latest step in the startup’s ambitious plan to add computing infrastructure. Broadcom shares jumped.
These days, advisors and their clients are directly marketed private credit through interval funds and tender-offer structures. This change raises an important question: What should you say to a client who asks about these products?
Polymarket is a rational system, with efficiency, security and incentives designed into the platform. But it may still see unanticipated problems.
It's odd to consider, but a recession could flip our bullish outlook on bonds to bearish. It's unusual because typically, inflation drops during a recession, leading to lower yields and higher bond prices. However, we believe that if an economic downturn or recession occurs soon, the immediate effect on bonds will be favorable.
Something changed this year. This year, diversification beyond U.S. stocks has added value, as can be seen in the performances of portfolios.
From technology firms to translators, the world has not faced up to the consequences of artificial intelligence wiping out swathes of jobs, according to one of AI’s biggest cheerleaders in finance.
American taxpayers spend billions of dollars annually supporting pharmaceutical development. Yet the US continues to pay more for medicine than any other country in the world.
Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign-exchange market, but the wager is starting to stumble.
The government shutdown is already beginning to impact air travel. Alarm bells are ringing about the air traffic controllers who are not being paid yet are expected to continue working. While members of Congress bicker, the snarls at airports and potential safety issues are coming like a downhill train that’s lost its brakes.
Treasuries advanced Friday as traders reacted to evidence the US government shutdown may be curtailing economic activity.
Microsoft Corp.’s data-center crunch will continue for longer than the company has previously outlined, underscoring the software giant’s struggles to keep up with cloud demand.
In a tough US market for domestic flying that has put low-cost airlines on the ropes, one startup is rapidly growing revenue by tapping underserved markets through direct flights using smaller aircraft with business-class and basic seating.
How AI evolves is perhaps the biggest question looming over the future of both the stock market and the broader economy. The “magnificent seven” tech companies, all with big bets on AI, account for more than one third of the S&P 500 Index’s market capitalization, up from about a fifth at the end of 2022.
