Staff blog posts

Rise Of The Machines

The rise of the robo advisor in recent years, and particularly the increase in visibility of these new automated offerings in the past few months, has created quite a stir among financial advisors. We’ve even heard news recently that our own broker/dealer, LPL Financial, which boasts the largest fleet of independent financial advisors in the US, will be rolling out a robo advisor in an effort to ‘keep up with the joneses’. All of this attention has sparked a robust debate in the industry about the long-term effectiveness of the robo advisor versus the traditional financial advisor.

Turning Hindsight into Foresight

“I have no desire to suffer twice, in reality and then in retrospect.”
― Sophocles, Oedipus Rex

As a sport fan and a commuter, I listen to a lot of sports-talk radio, a form of media which reveals much about the way its participants think, not just about sports, but the world in general.  In Bay Area sports radio, the airwaves are humming with second guesses around the Giants, whose season fell just short of another playoff run, and the 49ers, who seems to be in a nauseating free-fall after coming close to winning it all just two short years ago.

What Guacamole Can Teach Us About Market Volatility

It’s important to remember, particularly in times of increased volatility, that the stock market is called that because it is, in fact, a market.

When we go to another market — the supermarket, for instance — we lookfor products that have gone down in price (that is, on sale), and when we find a good bargain, we tend to load up on as much of that product as possible.

On the other hand, when the price of something rises, we generally hold off on buying it, or at least we buy as little of it as we deem necessary to hold us over until the price drops again.

When it Comes to Investing, Patience Truly is a Virtue

"Patience is bitter, but its fruit is sweet."
- Jean-Jacques Rousseau

How to enjoy an $18 Mai-Tai

Mai Tai

As a financial advisor1, I often hear people express a common sentiment that goes something like this: “I want to enjoy the now. I understand that planning for the future is important, but since no one knows what the future really holds, I want to seize the day now while I can”.  I completely understand this inclination, and in a lot of ways, I agree.  For most of us, however, there is an inherent contradiction in this line of thinking. That is, how can we truly enjoy the now, if our future is insecure?