Posts by Lee


“Come what may, all bad fortune is to be conquered by endurance.” –Virgil, Roman poet, born 70 B.C. We hope your 2019 is off to a rousing start. Whether you reached your personal goals in 2018, faced challenges, or are looking for a 2019 reboot, let’s take a moment to hit on the key themes for the rest of this year. What’s in store for 2019 While 2018 began with unbridled optimism, caution quickly entered the picture, and most...

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“You’d be making a terrible mistake if you stay out of a game you think is going to be very good over time because you think you can pick a better time to enter it.” Warren Buffett General Principles It is worth restating, even in the context of a letter primarily focused on the year just past, our overall philosophy of investment advice. It is goal-focused and planning-driven, as sharply distinguished from an approach that is...

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If you are struggling to understand the new tax act and how it will affect you, so are millions of American families! Indeed, there is both good and bad news. With about 60% of the tax cuts going to families, according to the federal government, you need to understand how to get the best for your family. Click the thumbnail below to download and read the full...

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“You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.” —William J. Bernstein Diversification of an investment portfolio is a best practice for long-term investors. You may think of it as “not putting all your eggs in one basket,” although it involves a bit more than that. Diversification is a risk management practice that mixes...

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“October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February.” —Mark Twain Finally, the month of October is over.  What is it about the month of October?  The stock market crash in October 1929 ushered in the Great Depression.  On Black Monday, October 19, 1987, the S&P 500 Index lost 20.5%,...

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