Todd’s Blog2021-08-03T05:16:26+00:00

Stocks Had Their Worst Start Since 1970…But My Inner Optimist is Waking Up

“What's glaringly missing in the headlines is that in 1970 the S&P 500 lost 21% in the first six months but recovered 27% in the second half. And that's not the only example of significant second half turnarounds.” - LPL Research Note to advisors on 6/30/2022. Perhaps you’ve heard it 11 or 100 times in the last week or two: the first six months of 2022 was the worst since 1970.

By |July 11th, 2022|Categories: Uncategorized|0 Comments

Another Bad Inflation Number…and Why You Shouldn’t Care

Last week, the government released the May inflation report. The news wasn’t good – and markets sold off. On top of that, we are apparently in one collective bad mood, at least according to the well-respected Michigan Consumer Sentiment survey. The lowest sentiment number ever recorded was just released in the most recent survey.[1] It’s hard to blame consumers when there is a gas “scoreboard” broadcasting the pain on street corners everywhere and, like the

By |June 14th, 2022|Categories: Uncategorized|0 Comments

It’s Been a Tough Year So Far

“If you aren’t willing to own a stock for 10 years, don’t even think about owning it for 10 minutes.” – Warren Buffet, legendary investor and CEO of Berkshire Hathaway The primary function of financial journalism seems to be terrifying us out of ever achieving our financial goals by shrieking about the market’s volatility. We are being reminded of this daily as some of the major stock indexes are now in

By |May 17th, 2022|Categories: Uncategorized|0 Comments

Inflation to Stagflation?

“When the facts change, I change my mind.  What do you do, sir?”– John Maynard Keynes, British Economist, and pioneer of Keynesian economics. Until recently, I’ve been an optimist about the direction and impacts of inflation. But two things have caused me to shift my thinking - at least for the near to moderate term. First, the war in Ukraine. Second, the money supply continues to expand at a concerning pace.

By |March 18th, 2022|Categories: Uncategorized|0 Comments

Mr. Market Says “Crappy New Year”

The market weakness that we saw last year with growth stocks has now spread to the rest of the market. The S&P 500 entered “correction” territory in January – meaning more than a 10% drop in value. The NASDAQ was worse. So why is Mr. Market in a bad mood? Corrections are Normal First, let’s not forget that 10% corrections are normal. Everyone is entitled to a bad mood from time

By |February 1st, 2022|Categories: Uncategorized|0 Comments

General Principles, Current Observations, and a Look at 2021

General Principles Last year was another good year for investors. The major U.S. stock indexes closed near record highs, but the story was more mixed under the surface. I thought it might be helpful to remember what guides us in our financial planning and investing decisions. As a reminder, here are the general principles you and I are following: You and I are long-term, goal-focused, planning-driven investors. The best course is

By |January 6th, 2022|Categories: Uncategorized|0 Comments

Mr. And Mrs. Saver Discover the Benefits of Roth IRA Conversions

“Anyone may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.” – Supreme Court Justice Learned Hand in Gregory v. Helvering, 69 F.2d 809, 810 (2d Cir. 1934). Often, I like to remind clients gently that their money eventually will go to

By |September 21st, 2021|Categories: Uncategorized|0 Comments

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