4 Steps to Prepare For Stock Market Volatility

Paul FennerPortfolio Management

While Covid-19 has made stock markets more volatile, investors can become complacent given long stretches where performance appear to go straight up. It’s always critical to understand your current level of risk and how that could change over time to align with your wealth management plan. Here are four steps that can help you prepare for stock market volatility.

What is Asset Allocation and How It Impacts Your Investments

Paul FennerPortfolio Management

One of the key drivers of investment performance is asset allocation.  Extensive research by Vanguard has shown that 88% of your investment returns can be traced back to your asset allocation.  Asset allocation is the balance between three main asset classes, equities (stocks), fixed-income (bonds), and cash and equivalents. As I laid out in the piece, Risk Perception vs. Your … Read More

How to Prepare for a Stock Market Correction

Paul FennerPortfolio Management

Even when they are expected, market corrections are never easy to go through. However, certain elements can help us through downturns with the most crucial being a solid understanding of why we invest and have a wealth management plan. Planning, along with understanding, can help bring peace of mind when facing uncertain times financially during stock market turbulence. Below are a few … Read More

The Holy Grail of Investing

Paul FennerPortfolio Management

Many of you, unless you are into reading about investment management, have likely never heard of Jack Schwager author of the Market Wizards series of books.  In his books, Schwager interviews some of the most legendary investors of our time. During each interview, Schwager tries to get at the heart of what has made that trader successful.  While there is … Read More

The Most Important Thing

Paul FennerPortfolio Management

Howard Marks is the Co-Chairman of Oaktree Capital Management, a global investment management firm.  Mr. Marks is regarded as a leader in the investment management industry.  His breadth of knowledge is often highlighted within his memos that are published regularly and his book, The Most Important Thing. Mr. Marks and I share many of the same investment and wealth planning … Read More

What does the movie Revenant have to do with the Stock Market?

Paul FennerPortfolio Management

Who here doesn’t like the upside of risky assets? Probably no one. It’s likely that a fair amount of people during bull markets probably forget to consider that equities are risky investments. But then the horrible bear like the one straight out of the movie Revenant chews through a portfolio as it chewed through poor Leonardo DeCaprio (it was a … Read More

Quality vs. Momentum; Facing this Market Downturn Head On

Paul FennerPortfolio Management

In the 1960’s and 1970’s there were a group of companies favored by institutional investors characterized by consistent earnings growth and high P/E ratios named the Nifty 50.  Within the past two decades, the markets rode in on another grouping of big companies dubbed the “Four Horseman of Technology” which consisted of Amazon, Google (now Alphabet), Apple, and Facebook.  Today … Read More

Defining Your Investment Philosophy

Paul FennerPortfolio Management

Ben Carlson recently wrote an article for the American Association of Individual Inventors that discussed the process for Defining Your Investment Philosophy.  Within his piece, Carlson noted 10 Questions to Help Define Your Investment Philosophy.  One of the key tenets of his article is that most investors get into trouble by the constant switching of investing strategies. I believe that everyone … Read More

When Risk and Returns Really Start to Matter

Paul FennerPortfolio Management

I often tell new or prospective clients that investment management is the sexy part of the many facets of wealth management that I work on. For most clients, it is investment returns that get their attention.  But as I go on to explain what it is that I really do and how I help people figure out where they want … Read More