2015 Investment Letter Archive

December 2015
U.S. FEDERAL RESERVE INTEREST RATE HIKE COMING SOON?
It is expected (and all over the news) that the U.S. Federal Reserve (the Fed) will increase short-term interest rates by .25% (from near 0%) when it meets on December 16, 2015. >more

November 2015
GLOBAL INVESTING: STICK WITH IT
One of the basic fundamentals of smart investing is diversification across multiple asset classes. It is really the only “free lunch” with investing.  >more

September 2015
MARKET COMMENTARY: STOCKS ARE IN FREE FALL, WHAT SHOULD INVESTORS DO NOW?
Global stock markets have dropped quickly and dramatically over the past week. What are the reasons for the drop, and what should investors do now? >more

August 2015
SEVEN REASONS PEOPLE FAIL AT RETIREMENT
Financial advisors can work with clients and get them on a solid financial plan in terms of investments, retirement income, and asset protection only to see the client’s retirement plan fall apart anyway for a variety of reasons. >more

July 2015
FINANCIAL ADVICE FOR COLLEGE GRADUATES (AND YOUNG ADULTS)
Congratulations to all of the college graduates out there! This letter is aimed at helping college grads and other young adults get off to a good start in life by making good financial decisions. >more

June 2015
LOWER FINANCIAL MARKET RETURNS OVER THE NEXT TEN YEARS
We believe that investment returns in the financial markets over the next ten years may be below the long-term historical average, perhaps substantially lower. >more

April 2015
RETIREMENT PLANNING—A NEW STRATEGY FOR TURNING ASSETS INTO INCOME
One of the biggest challenges and concerns for people as they reach retirement is turning their lifelong accumulation of retirement assets into income that will last the rest of their lives. >more

March 2015
OUR COMMITMENT TO CLIENTS
An overview of our commitment to our Adam Smith Advisor clients. >more

February 2015
STICK WITH THE PLAN
U.S. stocks have been the place to be for the past five years. You could have been in one of many broadly diversified parts of the U.S. stock market and you would have earned a lot of money over the past five years… >more

January 2015
PLUNGING OIL PRICES AND YOUR PORTFOLIO
The price of oil has plunged to below $60/barrel, a drop of 45% since the middle of 2014 when it was $110/barrel. The oil price is currently at a five-year low… >more