2014 Investment Letter Archive

December 2014
THE ASA INCOME STRATEGY
Investors (especially retirees) have been frustrated with the very low yields (income) available in both stocks and bonds these days. U.S. stocks are near all-time highs,so their dividend yields are very low… >more

November 2014
NET LEASE REIT STOCKS — HIGH YIELD, REASONABLE RISK
We continue to look for investments that offer higher yields, but still look reasonably conservative and not overvalued. We especially like it when we can find solid investments that offer yields of 4% or more… >more

October 2014
STOCKS ARE UP. HOW DO I MINIMIZE CAPITAL GAINS TAXES?
The stock market has rallied tremendously over the past five years, leaving many investors with some very large capital gains and some large positions in a few stocks or funds… >more

September 2014
529 COLLEGE SAVINGS PLANS
The cost of college has increased dramatically over the past 10-20 years. The annual cost of many private colleges and some public universities is now $55,000 or more, making the total cost of a college education $220,000+ per child in many cases… >more

August 2014
FIVE EXCELLENT INVESTMENT CHARACTERISTICS
We favor investments that are low cost, tax effi cient, diversifi ed, liquid, and simple. Many investors often run into trouble when they invest in things that do not have these fi ve characteristics… >more

July 2014
THE CASE FOR EMERGING MARKET STOCKS
We think it is smart for investors to think and invest globally. Emerging market stocks look inexpensive to us, and we believe their prospects are bright over the next 10 years. Many of these emerging market countries are now too big for investors to ignore… >more

June 2014
SIX COMMON MISTAKES IN 401(K) PLANS
We help many business owners improve and manage their 401(k) retirement plans. In doing so, we get a chance to educate and advise many plan participants on their investments. We see six common mistakes that people tend to make repeatedly.. >more

May 2014
DAILY HABITS OF WEALTHY PEOPLE
What do rich people do on a daily basis that is different from other people? Can people’s positive daily habits lead to financial success over time? A study (and book) by Thomas Corley suggests that daily behavior can be one factor that contributes to economic outcomes… >more

April 2014
DONATING COMPLEX ASSETS
Reducing income tax costs for clients is something we do every day. It is not every day that we can help a client save tens of thousands of dollars on income taxes. We did have one of those days recently… >more

February 2014
RETIREMENT ADVICE FROM ACTIVE RETIREES
Most working people envision retirement as a permanent vacation, sleeping late every day, and travelling. That is not the reality for most retired people. There are 10,000 baby boomers turning age 65 each day in the United States… >more