Back in November, when the weather was warmer and the world was a bit more open, I hosted a gathering in my backyard to celebrate the 40th birthdays of two of my closest friends. As a part of the evening’s festivities, we all gathered around the roaring fires and each guest took a turn sharing a nugget of wisdom or lesson learned over the course of their ever-changing life. Some were funny enough to bring people to the edge of tears, while others were heartfelt and emotional enough to take some ... [Continue Reading]
Articles and resources related to Portfolio Management.
The shifting from summer to fall always fills me with an urge to prepare. It’s not necessarily clear what I’m preparing for, but slowly darkening days, cooling temps, and seeing the harvest being brought in across the farms in our area triggers something deeply rooted inside me to know that change is on the horizon and it’s time to get ready. Professionally, there is a similar change in focus that occurs as October comes around, but, fortunately, the cause of this shift is more clearly ... [Continue Reading]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. It offers relief for individuals, businesses, and state and local governments facing financial pressures as a result of the COVID-19 pandemic. With the reach and the complexity of the CARES Act, there are numerous different planning opportunities we’ve explored for the benefit of our clients since this Act was put into place in late March. To demonstrate how our team is proactively applying the ... [Continue Reading]
Robert Merton has a long list of accomplishments, among them the most prominent is his award of the 1997 Nobel Prize in Economic Sciences for his work on the Black-Scholes-Merton model on derivatives. This work was fundamental in understanding how financial markets should price in risk and uncertainty in options markets. In a recent webcast, Dimensional Co-CEO and Chief Investment Officer Gerard O’Reilly engaged with Professor Merton on a number of subjects relating to risk, uncertainty, and ... [Continue Reading]
Last week, we provided historical insight into equity market valuations and the implication for future returns in investor portfolios. This week, we’re shining a light on the "shock absorber" within client portfolios—fixed income. A popular topic of conversation in recent years has been whether investors should abandon traditional fixed income investments for higher-yielding investments or pursue new, alternative investment strategies instead. Our philosophy at CCM has always been that fixed ... [Continue Reading]