Entries by Dennis Morton

Legislative Response: The CARES Act

The medical response to COVID-19 is underway. Social distancing is the order of the day. Congress and the Fed have weighed in. Now, your professionals get to work. Among those professionals, the accountants, financial advisors, and attorneys are leaping into action to help small businesses and families.  I have received e-mails and outreach from the […]

Gaining Perspective in a Financial Crisis

“The three stages of a bull market”: the first stage, when only a few unusually perceptive people believe things will get better, the second stage, when most investors realize that improvement is actually taking place, and the third stage, when everyone concludes things will get better forever.”   – Howard Marks, Mastering the Market Cycle The […]

Emerging From a Financial Crisis with No Regrets

We all feel caught off guard. The financial professional, the Do-It-Yourself investor, and the 401(k) participant three years from retiring. You might feel like only a few weeks ago you “coulda, woulda, shoulda” done something different with your investments. There is never enough safety when fear takes hold. If we had 10% in stocks a […]

How To Become a No-Conscience Investor

I watched a lot of high school basketball as a kid.  On Friday nights and Sunday afternoons, my father would take me to gyms throughout Baltimore to watch up-and-coming players.  In one game, I remember seeing a point guard miss his first dozen shots before taking over and scoring 20 points. My father’s comment was: […]

Do safe stocks exist? Evaluating Value and Growth

If you owned stocks or a stock mutual fund last year, you are probably pretty happy with the results, but you may also be breathing a sigh of relief.  If you are anything like the many we have spoken with over the last 18 months, there is a sense that this market has been and […]

Looking Ahead: SECURE Act Update

The closing weeks of 2019 gave us plenty to celebrate and plan for as investors.  In contrast to 2018, where it was nearly impossible to find growth in stocks, bonds, or any asset for that matter, 2019 provided plenty of opportunity for returns.  There was volatility in the mix, however, as trade talks, domestic politics, […]

Setting New Year Financial Expectations

We are at the start of a new decade. This means lists and reviews of the past year and ten years. Along with these retrospectives, we are treated to a healthy dose of predictions for what is to come (too often by financial gurus, unfortunately).  This is click bait, though. An invitation to bog ourselves […]

Cost of Trading Changes

The cost of trading changes at Charles Schwab and what it means for you and your financial advisor’s business. The Shifting Ground Under Our Feet The cost of trading has hit its lower limit: $0. In the last several weeks, after Charles Schwab announced that stock trades would be free, many major custodians and banks […]

Philanthropy at Year End

“All you can take with you is that which you’ve given away” – Peter Bailey in “It’s a Wonderful Life” The journey from Thanksgiving to New Year’s Day is a sprint this year.  A dash from expressing gratitude over turkey in November, to giving generously in December, to new beginnings in January.  I don’t know […]