TFG INVESTMENT TEAM

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Expectations for Future Equity Returns

January 2017  By: TFG INVESTMENT TEAM
Expectations for Future Equity Returns
The S&P 500 reported its eighth consecutive year of positive returns in 2016, a feat last achieved in the 1990’s. That winning streak appeared in question in early November, with the S&P 500 up roughly 2% for the year. As the U.S. Presidential election approached, the consensus among market...

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An Asset Manager Embraces Financial Planning

October 2016  By: TFG INVESTMENT TEAM
An Asset Manager Embraces Financial Planning
I have been investing other people’s money for over 36 years. As most of my clients are either saving for retirement or living off of their retirement savings and/or trust accounts, my overriding goal has been to build durable, income-producing portfolios that will enable my clients to live off of...

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Navigating Macro Choppiness

July 2016  By: TFG INVESTMENT TEAM
Navigating Macro Choppiness
At the 2016 Berkshire Hathaway shareholder meeting, Warren Buffett and Charlie Munger were asked about the impact of negative interest rates when valuing a business. Warren’s answer touched on the peculiarity of the current environment and how it impacts decision-making at Berkshire Hathaway....

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Long-Term Thinking

April 2016  By: TFG INVESTMENT TEAM
Long-Term Thinking
The sideways market of 2015 became even more indecisive in the first quarter of 2016. The S&P 500 Index stumbled out of the gates, and was down more than 10% by early February. In the ensuing weeks, the Index made a strong turn higher, ending the first quarter up marginally. At quarter end, the...

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Search For Yield Continues

July 2015  By: TFG INVESTMENT TEAM
Search For Yield Continues
As with most investors, our goal is to maximize the total return that we receive from an investment (within a risk-adjusted framework). Total return is comprised of two components: 1)the income received (interest from fixed-income investments and dividends received on equity investments), and 2)...

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Corporate Cash Allocation Decisions

July 2014  By: TFG INVESTMENT TEAM
Corporate Cash Allocation Decisions
Although the economic recovery since the 2008 financial crisis has been less than robust, companies have been doing quite well. Corporate profits as a percentage of GDP are at record levels, as companies have benefitted from the tailwinds of low interest and labor costs, while also focusing on the...

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