Low Returns Lately As we wind down yet another dramatic year in financial markets, conservative investors are becoming increasingly frustrated. This cohort has been told to be patient, but attractive returns continue to elude them time and time again. Instead, they realize annual returns that barely break even after fees and inflation are subtracted. The…
It’s Important to Stay Patient
The Impact of a Presidential Election
The Worst Part About My Job Without question, the most annoying and frustrating part of my job as a money manager is following the dysfunction in the U.S. government. I cringe when reading a newspaper or watching a television segment involving politics because I feel as if the incentives of most who service public offices…
An Update on China and the IMF
Over the summer, I wrote a Thought for the Week that discussed the implications of China’s currency getting added to the IMF’s basket of reserve currencies. Given the decision this week by the IMF to approve China and add them to the SDR, I wanted to update my thoughts now that we have more information.