A Financial Planning Christmas Carol

December 2018  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
A Financial Planning Christmas Carol
Maybe it’s the holiday season, but financial planning makes me think of Charles Dickens’s A Christmas Carol.  Remember how Ebenezer Scrooge was visited by 3 ghosts—Christmas Past, Christmas Present, and Christmas Future?  It gave him the opportunity to witness, from a reality-ringside seat, a view...

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Hiring a CFO to Manage Your Family’s Wealth

December 2018  By: JOEL GOODMAN, CFA
Hiring a CFO to Manage Your Family’s Wealth
As you accumulate significant wealth, your financial world becomes increasingly complex. Your wealth may include not only stocks and bonds, but also private equity investments, real estate and perhaps a family business. Your estate plan may be complicated as well and may include a private...

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Not Reaching for Yield

November 2018  By: JARED HAMMERS, CFA
Not Reaching for Yield
At the 2013 Berkshire Hathaway meeting, a shareholder asked Charlie Munger for his thoughts on Federal Reserve policy and interest rates. Here’s what he had to say: “Well, I strongly suspect that interest rates aren’t going to stay this low for extended periods. But, as I pointed out, practically...

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Choosing A Smart Investment Strategy

August 2018  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
Choosing A Smart Investment Strategy
  If you’ve ever looked at a graph of stock market returns, you might notice the similarities with an EKG.  Lots of ups and downs. But overall, the trend is up.  Over the long term, the stock market has delivered compounded annual rates of return of 8-10% per year.  In order to achieve the...

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The Path to Value Realization

July 2018  By: TFG INVESTMENT TEAM
The Path to Value Realization
For many years, we’ve heard market prognosticators proclaim that the current bull market is nearing its fateful end. Between the Euro crisis, the U.S. debt downgrade, concerns about China, Brexit, the “taper tantrum,” and now the threat of an expanding trade war, they have offered plenty of reasons...

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The Impact of Inflation

June 2018  By: MALCOLM BUTLER, JD
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...

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Berkshire Trip 2018

May 2018  By: ALEX MORRIS, CFA, MBA
Berkshire Trip 2018
In early May, I attended the Berkshire Hathaway shareholder meeting in Omaha, Nebraska. The event, dubbed “Woodstock for Capitalists,” attracted more than 40,000 attendees from around the world.

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All-Weather Portfolio Construction

May 2018  By: MALCOLM BUTLER, JD
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...

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An Antidote to Volatility

May 2018  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
An Antidote to Volatility
“Antidote”: Something that works against an unwanted condition to make it better.

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Investment Approach Revisited

October 2017  By: TFG INVESTMENT TEAM
Investment Approach Revisited
The S&P 500 continued its march higher in the third quarter and has now increased by 14% (including dividends) in 2017.  International markets have reported even better results, with the MSCI World index (ex-U.S.) climbing 21% over the same period.

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