Posts by Lee


As of Labor Day, September 5, there were only 64 days until Election Day.  However, early voting in Tennessee starts Wednesday, October 19, just 44 days after Labor Day weekend signals the end of summer. There are many issues surrounding the presidential election this year – immigration; ISIS; gun control; education; foreign policy regarding China, Israel, and Iran; and the list goes on.  One area that concerns and affects us all is...

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Like many of you, Don and I and our families had a wonderful time celebrating the Fourth of July holiday weekend. When I was growing up, the Fourth seemed mostly about barbeques, friends, hanging out at the pool, and fireworks.  It was also always the end-of-season tournament for my little league team, after which I looked forward to our upcoming vacation. Throughout the years, however, we’ve come to better appreciate what...

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In 1981, the Nobel Prize-winning economist Robert Shiller published a groundbreaking study that contradicted a prevailing theory that markets are always efficient. If they were, stock prices would generally mirror the growth in earnings and dividends. Shiller’s research showed that stock prices fluctuate more often than changes in companies’ intrinsic valuations (such as dividend yield) would suggest.1 Shiller concluded...

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Market volatility is alive and well in 2016. Low oil prices, China’s slowing growth, the prospect of rising interest rates, the strong U.S. dollar, global conflicts–all of these factors have contributed to turbulent markets this year. Many investors may be tempted to review their portfolios only when the markets hit a rough patch, but careful planning is essential in all economic climates. So whether the markets are up or...

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On Friday, June 24, the day after the United Kingdom voted to leave the European Union, we sent out a client update via email.  The theme of our alert was that the “leave” vote took world-wide investors by surprise and investors don’t like surprises.  We also discussed the time frame of the UK’s exit from the EU, which is unlikely to happen for at least two years after Parliament votes to begin the process.  That...

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