Todd’s Blog2021-08-03T05:16:26+00:00

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

How Long Will This Bull Market Last?

Nobody can consistently time markets, but investors can lean into trends. And one powerful, current trend is a long-term bull market – oftentimes called a “secular” bull market. This discussion gets a little wonky, but please stick with it. If you stayed invested through Covid, then you most likely feel good about your account values. I am keenly aware, however, that much of the media will run with the apocalyptic crisis

By |July 17th, 2021|Categories: Uncategorized|0 Comments


As we all know, the media simply rolls from one crisis theme to the next. Catastrophic journalism continues to be alive and well. The latest crisis theme is inflation. But like most media-induced “crises”, I’m not too concerned about this one. Inflation certainly could get uncomfortable over the next six to twelve months, but there are reasons to think it won’t take root like the “Great Inflation” of the 1970s. There

By |June 17th, 2021|Categories: Uncategorized|0 Comments

Growth Stocks Get Overdue Market Correction in First Quarter

Thank heavens we finally got a correction in growth stocks during the first quarter.  As painful as this sell-off has been for some positions, we badly needed to get some of the euphoric excess out of this market.  The catalysts that have sparked the selloff are being attributed to a sharp rise in U.S. government bond yields (i.e., interest rates) and inflation expectations.  The yield on the 10-year government note jumped

By |March 30th, 2021|Categories: Uncategorized|0 Comments

The Super Bowl “Indicator”, the Madness of Crowds, and a Long-Term Perspective

“Every age has its peculiar folly: some scheme, project or fantasy into which it plunges, spurred on by the love gain, the necessity of excitement, or the mere force of imitation.” - Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds, 1841. According to LPL, if the AFC wins the Super Bowl, the S&P Index has been up 7.1% on average for the year versus 10.2% for the NFC. Stocks

By |February 9th, 2021|Categories: Uncategorized|0 Comments

2020 – What Have We Learned? And The Election…

“The only thing new in the world is the history you do not know.” – Harry S. Truman 2020. If nothing else, I believe 2020 has firmly reinforced the principles that I am constantly communicating with clients: ignore current events, economic forecasts and inane predictions while staying laser-focused on reaching the goals you set in your financial plan. I believe that you’ll be a better investor, and this should give yourself

By |October 22nd, 2020|Categories: Uncategorized|0 Comments

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