MALCOLM BUTLER
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Planning for the Trip of a Lifetime
I recently traveled abroad and while I was preparing for the trip, I tried to anticipate the problems that travelers might encounter. Properly preparing for a trip means planning for contingencies and emergencies. We made sure to double and triple check that we had the necessary clothing, our...
The Impact of Inflation
From the end of 2017 through April, inflation has increased from +2.1% to +2.5% (using CPI as a proxy). Over the same period, the yield on ten-year Treasury bonds has risen from 2.4% to 3.0%. These moves have led market participants to question if a change in the status quo is underway. Let’s...
From Our Family to Yours: 4 Ways to Teach Kids About Money
Teaching kids about money in the Digital Age isn’t always easy. Between online shopping, direct-deposit paychecks and banking by app, today’s children are growing up in a world where they may rarely experience a cash purchase or even a monetary transaction. To kids, it can look like the next item...
All-Weather Portfolio Construction
It seems that there has been an increase in severe weather these days including floods, fire, and wind. In Savannah, we suffered a direct hit from Hurricane Matthew last year and endured a mandatory evacuation this year due to Hurricane Irma. Hurricanes are a constant threat during the summer and...
All-Weather Portfolio Construction
It seems that there has been an increase in severe weather these days including floods, fire, and wind. In Savannah, we suffered a direct hit from Hurricane Matthew last year and endured a mandatory evacuation this year due to Hurricane Irma. Hurricanes are a constant threat during the summer and...
Investment Maxims
I attended an investment conference recently and one of the speakers was Stephen Friedman, former Chairman of Goldman Sachs. During his fireside chat, he mentioned that when it comes to investing, he follows some basic rules of risk management. He said that these rules were universal truths that...
How Investing Transformed Over the Century
I recently read a book on the sinking of the Lusitania in 1915. The author thoroughly details the lives of some of the affluent passengers who were aboard the luxury liner’s final voyage. As I was learning about these “high net worth” people who lived one hundred years ago, I kept wondering about...
Have we seen the beginning of the Great Rotation?
Over the past 35 years, interest rates on bonds have been in a gradual decline. The decline in interest rates has gone hand-in-hand with rising bond valuations since bond values move inversely to interest rates. Bond investors have thus enjoyed a long period of rising returns due to market...
The Reemergence of the Blue Chip Nifty Fifty
“A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than...
It’s a Mixed-up Investment World!
Source: Strategas The most successful investment theme in 2015 centered on investing in high growth stocks like Alphabet (formerly Google), Amazon, Facebook and Netflix. In a slow growth economy, investors placed a premium on companies that could deliver high revenue growth. Thus far in 2016, by...