Archive - June 2016

1
What Does Divorce Look Like UK Style?
2
Organize Your Financial Documents With These 10 Helpful Categories
3
You Only Brexit Once (YOBO)
4
How to Really Buy a Car
5
Bloomberg Article Gets Asset Allocation Exactly Wrong

What Does Divorce Look Like UK Style?

Last Thursday the British decided to end their 43-year marriage to the European Union. Uncertainty over how this divorce will be handled has sent European and US markets tumbling (with the exception of the Hang Seng, markets in Asia were actually up on Monday).

The FTSE 100, German DAX and CAC 40 were all down Monday and all major U.S. indexes were also lower (markets rallied on Tuesday). The British pound also took another beating versus the dollar on Monday, reaching a 31-year low of $1.31. So where does it go from here?

Despite this poor market performance, remember the …

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Organize Your Financial Documents With These 10 Helpful Categories

Can you quickly locate last year’s income tax return? Do you have the contents of your wallet and your account information recorded somewhere in case it is stolen? Can you find your homeowners insurance policy? If you can’t answer ‘yes’ to these three questions – don’t panic – but you may need to take some important steps towards getting organized.

The benefits of organizing your records include simplifying your finances, reducing stress, being prepared for unexpected events and having more time for fun activities. You will need to identify what to keep, who will maintain the records, where to keep …

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You Only Brexit Once (YOBO)

Not even a month ago, I wrote to you and shared my thoughts on Britain leaving the European Union (EU).  I guess I was wrong.

Thursday’s 52%-48% vote by the British electorate to end its 43-year membership in the European Union seems to have taken just about everybody by surprise, but the aftermath could not have been more predictable.  The uncertainty of how, exactly, Europe and Britain will manage a complex divorce over the coming decade, sent global markets reeling.   London’s blue chip index, the Financial Times Stock Exchange 100, lost 4.4% of its value in one day, while Germany’s …

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How to Really Buy a Car

Buying a different car (notice I didn’t say new car) is an event many individuals experience throughout their lifetime. Personally, I have had a number of cars in my lifetime, and I’m sure I’ll have a few more (right now the ol’ mini-van stands at 241,000 miles). My goal is not to spend too much on a depreciating asset, yet make a sensible purchase based on reliability, fuel efficiency and insurance costs. Although some readers may not agree with me, here are some tips on how to really buy a car.

  1. Do your homework. Websites such as Kelly Blue Book
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Bloomberg Article Gets Asset Allocation Exactly Wrong

Bloomberg Article Gets Asset Allocation Exactly Wrong

I was astonished to find a recent Bloomberg article that opened with: “The idea behind asset allocation is simple: when one market struggles, it’s OK because an investor can jump into another that is thriving. Not so in 2015.”

The article was titled, “The Year Nothing Worked: Stocks, Bonds, Cash Go Nowhere” and it betrays a total lack of comprehension about how wise asset allocation works. This theory of investing is common but fundamentally flawed.

The basic error is assuming you know what the market is doing right now. Lu Wang, the article’s author, says that when one …

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