Foggy Prospects

By |2019-10-02T07:37:56-05:00September 11th, 2019|Global Market Update|

We had some pretty thick ground-fog the other day. Photo: StockSnap. Source: Pixabay. License. We didn’t have fog very often where I grew up in Minnesota. The prairie is flat and clear, and the temperatures evenly distributed. But in northern New England, the mountains cool much faster than the surrounding land. The heavier cold air flows downhill into the valleys, where the atmosphere is thick with moisture. The cold, dry air forces the water vapor to condense, and a thick fog forms. It’s interesting [...]

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Getting Scared?

By |2019-07-01T09:44:48-05:00July 1st, 2019|Global Market Update|

Is this market scary or is it dangerous? “The Scream” by Edvard Munch. Source: National Gallery of Norway Scary things can hurt us, but they aren’t very common: shark attacks or terrorism or radiation poisoning. We read news stories about them and we get worried. Dangerous things are things we tend to ignore but do long-term damage more often that you think: like avoiding your annual physical, or working on our budgets, or changing the oil. We underestimate these risks because dealing with them [...]

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The Primacy of Planning

By |2019-06-14T05:57:20-05:00June 14th, 2019|Global Market Update|

Psst. Got any hot stock tips? Photo: Viktor Hanacek. Source: Picjumbo. CC0 Lots of people want advice about what stocks to buy or what the market will do. But what they really need is guidance on how to plan out their finances. Classically, finance has three major reports: income, assets, and cash flow. Each of these areas has inflows and outflows—positive and negative entries. An income statement covers income and expenses; a balance sheet shows assets and liabilities; with cash flow there are inflows [...]

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Lest We Forget …

By |2019-06-06T12:23:44-05:00June 6th, 2019|Global Market Update|

[fusion_builder_container hundred_percent="no" equal_height_columns="no" menu_anchor="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id="" background_color="" background_image="" background_position="center center" background_repeat="no-repeat" fade="no" background_parallax="none" parallax_speed="0.3" video_mp4="" video_webm="" video_ogv="" video_url="" video_aspect_ratio="16:9" video_loop="yes" video_mute="yes" overlay_color="" video_preview_image="" border_size="" border_color="" border_style="solid" padding_top="" padding_bottom="" padding_left="" padding_right=""][fusion_builder_row][fusion_builder_column type="1_1" layout="1_1" background_position="left top" background_color="" border_size="" border_color="" border_style="solid" border_position="all" spacing="yes" background_image="" background_repeat="no-repeat" padding_top="" padding_right="" padding_bottom="" padding_left="" margin_top="0px" margin_bottom="0px" class="" id="" animation_type="" animation_speed="0.3" animation_direction="left" hide_on_mobile="small-visibility,medium-visibility,large-visibility" center_content="no" last="no" min_height="" hover_type="none" link=""][fusion_text columns="" column_min_width="" column_spacing="" rule_style="default" rule_size="" rule_color="" hide_on_mobile="small-visibility,medium-visibility,large-visibility" class="" id=""] Planning is everything. Omaha Beach. Photo: Robert Sargent. Source: Department of Defense 75 years ago [...]

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In the Long Run

By |2019-04-16T10:23:26-05:00April 16th, 2019|Global Market Update|

The 123rd Boston Marathon was held this week. Can we learn something from this historic event? 2019 Boston Marathon. Photo: Doug Tengdin Investing is a lot like running. We set goals, work towards those goals, adjust when we have setbacks, allocate precious resources -- time, money, attention, knees – and eventually, see some kind of payoff. And there are some very special lessons that come from looking closely at an historic event like the Boston Marathon. First, your goals are specific to you. I [...]

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Choose Wisely

By |2018-12-27T06:00:02-05:00December 27th, 2018|Global Market Update|

Remember Indiana Jones and the Last Crusade? Public Domain. Source: Book of Romance, Flikr When Indiana gets to the final scene in a cave, he’s confronted by an array of choices. The one instruction he’s given is “Choose wisely.” That’s my theme for next year: choose wisely. Confronted by volatile markets? Choose wisely. Finding unexpected risks? Choose wisely. Facing personal pressures? Choose wisely. Our sources of wisdom should be diverse: from number-crunching to reflection on our own needs and limitations to insights from finance [...]

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Season’s Greetings?

By |2018-12-13T06:28:58-05:00December 13th, 2018|Global Market Update|

Are you ready? Photo: Igor Ovsyannykov. Source: Fancycrave In our family we never get ready very early for Christmas. Maybe it’s because I was a winter-sports athlete. Growing up, I had exams, intense training, and then competitions right into late December. My shopping happened after I returned home on the 23rd or so. Then there was an intense trip to the mall with wish-lists and backup-items and “evergreen” gifts – stuff that would always be welcome on a cold Christmas Day, like gloves and [...]

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The Primacy of Planning

By |2018-12-10T23:10:53-05:00December 10th, 2018|Global Market Update|

What’s your plan? Photo: 7854. Source: Pixabay Recently, one of my teenage boys was driving home on a frosty evening and – as has happened to most of us – he slipped off the road. He called and asked if I could bring our truck to pull him out. No problem. I threw a tow chain into the back and trundled off. Only the road was too slick. After we hooked his car to our pickup, the tires couldn’t get enough of a grip [...]

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Financial Fog

By |2018-12-04T17:39:53-05:00December 4th, 2018|Global Market Update|

Have you ever felt like you’re stumbling in the dark? Photo: Freephotos.cc. Source: Picography A few years ago, my wife and I made a long drive on a deeply foggy night. It was hard. The fog reflected the headlights back at us, dazzling our vision. Otherwise, the thick fog made the night especially dark. It felt like we were driving inside a ping-pong ball. I was so relieved when we arrived safely, but it took a while to unwind. Sometimes it can feel that [...]

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On the Water

By |2018-11-13T07:41:29-05:00November 13th, 2018|Global Market Update|

Have you ever been on a canoe trip? Photo: Olivier Labbe. Source: Pixabay The experience is singular. Each day is unique, but along the way they merge into one another. You lose our modern sense of time and develop a daily rhythm: dawn, morning fog, daylight, evening. Sometimes the scenery opens up, and you get views of the hills and landmarks around, but more often your vision is confined by the banks and the shore. You get to know your paddling partner’s habits and [...]

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