Monthly Archives: February 2015

Is the economy different this time?

Every time we have a release of economic data, people seem shocked by the underlying trend. Recently it’s been falling unemployment (by any measure) and upward pressure on wage growth.  We shouldn’t be surprised – this is, in fact, exactly what we should expect to see in this point of an economic cycle. Here’s where […]

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Fireside Markets 03: Asset Allocation Strategies with Meb Faber

In this episode of Fireside Markets, host James Osborne chats with Cambria Investment Management’s Mebane Faber about his new book, Global Asset Allocation. Topics covered include various asset allocation strategies, the benefits of global diversification, risks and behavioral mistakes investors can make in any strategy, and how fees and costs can take a great strategy and […]

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Dumb Indexing

Earlier this year my friend Ben Carlson threw up these numbers on Twitter: The S&P 500 now makes up 3 of the 10 largest ETFs — Ben Carlson (@awealthofcs) January 6, 2015 That is a lot of money in S&P 500 ETFs. It’s also a lot of money in iShares’ flagship international fund EFA, mimicking […]

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Playing the odds

You only get one shot, do not miss your chance to blow This opportunity comes once in a lifetime, yo – Eminem “Lose Yourself” Face it.  Eminem is right.  We all have one shot at this investment game.  One chance to get it right, one lifetime of investing to save, grow and protect wealth to […]

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Fireside Markets 02: Independent Perspectives with Cullen Roche

In this episode of Fireside Markets, host James Osborne discusses the value and risks of curating an independent perspective with Cullen Roche of and Orcam Financial Group. During the conversation we discuss how to build an independent perspective, how to challenge our own pre-conceived ideas, the risks of considering yourself an “outsider”  and much, much […]

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Industry barriers to entry are too low

For roughly a decade a huge shift has been moving the financial services industry away from commissioned brokers associated with a wirehouse or indie broker/dealer and to Registered Investment Advisors who work for a fee. Without a doubt, this is a good thing. The conflict that comes with commissioned advice is unnecessary, and investors deserve […]

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What they really mean

“We manage the managers” – I skimmed a Morningstar report and the wholesaler took me to a Broncos game. “Buy this dip” – Please please please don’t turn into a bear market. “We use a tactical allocation strategy” – I’m going to place a lot of trades in your account so it appears that I know the future. […]

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