I’m a firm believer that investments should have expected future cash flow. True investors should “expect” to be compensated for delaying gratification and taking risk (ie uncertainty). If an “investment” doesn’t have future expected cash flow, it is not an investment. Rather, it is a speculative guess. These speculative guesses are based purely on the…

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You may be asking: Why have my fixed income funds lost money? The short answer: The Effective Federal Funds rate has increased year to date; buyers and sellers have incorporated that information, as well as their expectations about future changes in interest rates, into prices. Just remember that when the yield of a bond increases,…

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Are we in a stock and real estate bubble? Maybe. There is a case to be made that we are, and the rough start to the year has people on edge. Does anyone know when or if the bubble will burst? No Does anyone know how long a potential downturn could last? No Does anyone…

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Facebook’s stock declined by more than 20% in trading on Thursday this week. A stock’s price can seem random at times, but (hopefully) it aligns with the underlying financials over time. Unfortunately, a lot of investors don’t actually understand what they’re buying when they purchase stock. By this I mean a lot of people buy…

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Electric vehicle start-up Rivian (RIVN) went public in November and became one of the most hyped IPOs that I can remember. The company is currently valued at more than $90 billion. Many investors are thinking it will become the next Tesla. While it’s exciting to watch high flying stocks like Rivian, investors should proceed with…

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