PortfolioWise Blog


A Big Week for the Market

This is the final full trading week before the election. I am going to take the opportunity to lay out the trends as I see them and the state of the market within the context of those trends. Starting with equities

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This income strategy can help financial advisors steer clients through multiple stock market environments.

There isn’t a one-size-fits-all approach to investing. For financial advisors looking to help steer their clients who are in, or close to retirement through stock market volatility, strategy in the decumulation phase is key.  Having spent a few decades managing client money, I often used a method called the “bucket strategy” which is a form

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Climbing a Wall of Worry

As I write this, the S&P 500 is now at levels where it was in October of 2019, a little less than seven months ago.  What were you doing last October?  I’m guessing you were not searching store shelves for toilet paper and wondering where you could buy a gallon of hand sanitizer to refill

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Twelve Trillion Reasons to Have Home Country Bias

For as long as I have been in this business, I have been fascinated with global markets. I started my career on the floor of the New York Stock Exchange in January 2000 and my first role was as the back-up clerk for the specialist who traded the ADRs (American Depository Receipts); essentially, US listed

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Get Active

Depending on where you live and what you and your family decided, in all likelihood you’ve been in some version of “quarantine” for around a month.  Despite some promising signs around potentially effective therapies for Covid-19, based on what we’ve seen thus far, I’m guessing that we’ll be pretty limited in “normal” movement for quite

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Clients Need a Coach in the Investment Game

Days have turned into weeks and weeks have turned into months of uncertainty; and markets dislike uncertainty.  Guess who else isn’t comfortable with uncertainty? Your clients. They too have been tested: mentally and financially. This virus has had a double dose effect on the markets and the people who invest in them. The psychological damage

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Why Own What’s Not Bullish?

We are all familiar with the concept of diversification. The idea is to spread your bets across an array of assets in order to avoid concentration into an asset or small group of assets that could induce havoc on a portfolio in the event that any one  bet turns out to be wrong. And since

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Utility ETFs: Snooze Fest Or Comfort Food?

Utility stocks and ETFs are boring, no doubt about that. But as is usually the case, the yields typically are above those of most other companies. Other income-oriented ETFs offer even higher yields, but utility ETFs make up for that with low levels of relative risk (Betas). The Utility SPDR Select ETF (XLU) checks all

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“Don’t Fight the Fed”

The late Dr. Martin Zweig, my former boss and mentor with whom I worked with for nearly 20 years, is largely credited for coining the phrase “Don’t fight the Fed.”  In his 1970 book Winning on Wall Street he talks about the importance of monetary policy to stock market returns, particularly the trend in interest

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