Thoughts on markets, portfolios, annuities, and building wealth that lasts. No jargon. No sales pitch. Just perspective.
For decades, bonds were the "safe" part of every portfolio. Duration risk, inflation erosion, and the 2022 crash changed my thinking. Here's why I now use annuities for the certainty clients actually need—and equities for everything else.
A direct challenge to conventional wisdom. Why the classic allocation fails when you need it most.
A fiduciary's honest guide to the product most advisors either hate or oversell.
Why the most important part of wealth management isn't the portfolio—it's the conversation.
Watching stocks and bonds fall together changed how I think about "balanced" portfolios.
Growth for wealth. Guarantees for income. How we build portfolios that do both.
From capital preservation to maximum growth—a look inside our portfolio construction process.
Short thoughts on markets and money, published most Fridays.
Markets rewarded patience this week. Some thoughts on why the hardest part of investing is doing nothing.
What history tells us about the months following yield curve normalization—and why I'm not changing anything.
Why I ignore "year ahead" predictions and what actually matters in January.
An honest look back at the year—winners, losers, and lessons learned.
Quick reminder on year-end moves and why I don't let taxes drive investment decisions.