We know two things for certain when it comes to the stock market. The first is that, eventually, the market will go down. The second is that when there seems to be a new pundit on the scene each week, claiming the market will go down, one of them will eventually be right. As you read the sky-is-falling headlines that plague financial news and consider what this means for your portfolio, keep in mind that you would be better off consulting the wisdom of a penny and not reading these articles at ... [Continue Reading]
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Last week, in the first Janet Yellen-led FOMC meeting, we got clarity in what we should expect from Ben Bernanke’s successor. At least as of the first meeting, it appears that we will not experience any significant changes of direction. In Yellen Defends Fed’s Decision to Forgo Unemployment Threshold, Simone Pathe of PBS summarizes Yellen’s justification for changing the required conditions to raise the federal funds rate, perhaps the most significant outcome from the meeting. ... [Continue Reading]
Every so often we begin to hear murmurs that, despite recent struggles, active managers will finally have the upper hand. After all, there has to be some justification to pay seven times as much in expenses, on average.* The reasons change, but the results have been very consistent. The Myth of a Stock-Picker’s Market takes a few of these reasons and summarily puts them to rest. It turns out that it is tough to beat the market in any year - and even harder to keep doing it. *Sources: ... [Continue Reading]
The American Taxpayer Relief Act of 2012 was passed on January 1, 2013, and signed into law the next day. At 157 pages long, the Act itself contains a significant number of details. Our current quarterly newsletter features a short update from CCM Director of Tax Services, Kevin Koski, CPA, that summarizes the key points of the deal. In addition, for clients who are interested in a more in-depth briefing on the full Act, which includes specifics on the impact of each provision, we recommend ... [Continue Reading]
In Can You Sum Up Your Investing Philosophy in 10 Words? Jason Zweig of The Wall Street Journal features sage wisdom from leading investors and financial thinkers. ... [Continue Reading]