FVIM's Insights

While my family and I have been enjoying our summer, I’ve been inspired by some of the ways our outdoor activities remind me of investing. Then again, given my profession, there’s not much that doesn’t remind me of investing. For example, check out this beach ball we purchased. The first six words are in English, with the rest no doubt saying the same thing in a litany of languages: “WARNING! USE ONLY UNDER COMPETENT SUPERVISION.” Legal fine print has found its way into our summertime fun time… with about as much impact as it has anywhere else. It’s not that the...

Let’s play make-believe. Imagine you’re in charge of a major metropolitan city. You’ve been informed that a Category 5 hurricane is building offshore. If it grows and comes your way, it could devastate everything. However, forecasters are projecting low odds that this worst-case scenario will actually happen – only about 5 percent. Do you evacuate anyway? Moving a half-million people is dangerous in itself, and everyone will blame you if it’s for nothing. But what if that 5 percent risk is realized? Thankfully, few of us are ever required to make such momentous calls. But you probably do make difficult financial...

It’s about time our regulatory agencies started taking my advice. For years, I’ve been beating a steady drumbeat about why investors should insist on fiduciary standards of care from their financial advisors, so I was heartened by the recent Department of Labor (DOL) fiduciary rule , which has at least pounded a few more nails into the coffin of conflicted advice. Could it be that Labor Secretary Thomas Perez has been reading my blog? Okay, probably not, but it makes for a nice musing. With the DOL ruling, anyone offering you advice about your retirement assets should be doing so with...

Have you ever noticed how often we compare market conditions to the animal kingdom? There are the long-familiar bulls and bears . Given the hoopla we’ve seen so far in 2016, perhaps the market knows that it’s the Chinese year of the monkey , a period of heightened tumult and trickery . We’ve also seen the market compared to the fabled tortoise and the hare . With a nod toward spring, there’s the related notion that we might be in a bunny market, in which returns are seen hopping up and down – but to what end? In our opinion, the...