by Thad Gilliam | Aug 30, 2022 | 30s, 40s, 50s, 60s, 70s, Risk Management
I was in a meeting last week with a group of other local financial advisors. One of the advisors shared a story about a prospect (from long ago) that was a Yahoo executive. At the time, Yahoo stock was soaring. The advisor begged the prospect to diversify and engage...
by Thad Gilliam | Jun 27, 2022 | Investments, Retirement, Risk Management
Benjamin Graham – one of the fathers of value investing is credited with the following quote: In the short-run, the market is a voting machine – reflecting a voter-registration test that requires only money, not intelligence or emotional stability – but in the...
by Thad Gilliam | May 16, 2022 | Financial Planning, Investments, Risk Management, Uncategorized
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...
by Thad Gilliam | Apr 27, 2022 | Investments, Retirement, Risk Management, Uncategorized
This past quarter has been a tough time to be in an investor. In the first quarter of 2022, all major asset classes had negative returns. See here for a recap of Q1 2022 returns. However, during the last 13 years (2009-2021), US stock returns have been pretty good...
by Thad Gilliam | Jul 6, 2021 | Interesting, Investments, Risk Management
It’s in the news: “Inflation is on the rise!” So what? We haven’t had high inflation in a long time. If we experience short-term inflation related to COVID supply chain issues, that’s not too bad. If we experience long-term inflation and...
by Thad Gilliam | May 6, 2021 | Interesting, Investments, Legislation, Risk Management
Let’s be honest – most of us don’t really understand inflation. The dictionary defines inflation as: 1″a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods...
