As many of you know, I am a graduate of the University of Virginia. I applied to UVA because I am an ardent fan of Thomas Jefferson (or Mr. Jefferson, as we say at the University) and his philosophy of government. I also fervently believe in the American Creed as...
August 2017 Monthly Insight: Social Security Trust Funds: Financial Trouble Ahead…Maybe
"We put those payroll contributions there so as to give the contributors a legal, moral, and political right to collect their pensions… With those taxes there, no damn politician can ever scrap my social security program." -President Franklin Roosevelt, as quoted by...
July 2017 Monthly Insight: On the Importance of Ignoring Distractions and Financial Literacy
Ignore the Distractions Beyond last month’s synopsis regarding how the markets are reacting to Washington, we’ll stay out of the political weeds and let you form your own opinions. The current environment in Washington is generating an enormous amount of political...
June 2017 Monthly Insight: Uncertainty, the Trump Agenda, and Stocks
Only a strong economy can create higher asset values and sustainably good returns for savers. — Ben Bernanke, former two-term Chair of the Federal Reserve Uncertainty, the Trump agenda, and stocks There was no shortage of angst in the investment community that a...
May 2017 Monthly Insight – Creating a Legacy Plan for Your Social Media Accounts
“Your story is the greatest legacy that you will leave to your friends. It’s the longest-lasting legacy you will leave to your heirs.” —Steve Saint Maybe you’ve seen a lighthearted infographic, widely circulated on the internet, which attempts to explain social media...
April 2017 Monthly Insight: Fear, Greed, and Four Behavioral Biases
Attitude is a little thing that makes a big difference. -Sir Winston Churchill Greed and fear are the two dominant forces that move markets on a daily basis. When stocks are going up, an investor might feel greedy and rush to buy more shares at increasing values,...
March 2017 Monthly Insight: Risk Tolerance, Risk Capacity, and Risk Perceptions
“The confidence people have in their beliefs is not a measure of the quality of evidence but of the coherence of the story the mind has managed to construct.” — Daniel Kahneman Risk Tolerance, Risk Capacity, and Risk Perceptions are important concepts in investing. As...
February 2017 Monthly Insight: Exponential Growth
“The greatest shortcoming of the human race is the inability to understand the exponential function.” - Dr. Albert Bartlett Do you understand the theory of exponential growth and its relationship to investing? Could you teach the concepts to a middle school class?...
January 2017 Monthly Insight: Looking Back and Looking Forward
“A year from now, you're gonna weigh more or less than what you do right now.” -Phil “Dr. Phil” McGraw The year in review The corollary to Dr. Phil’s quote above is, “A year from now the market will be more or less than it is now.” No one knows where 2017 will end...
December 2016 Monthly Insight: Are You Ready for 2017?
Let our advance worrying become advance thinking and planning. — Winston Churchill We are excited to announce that our new website is up and running! Please go to www.nallssherbakoff.com for a look at our completely updated site. We’d love for you to peruse the new...