Benjamin Franklin wrote, “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes” in 1789.[i]

I think Franklin, himself a great inventor, could have added another certainty that would have also proved…

We’re asked about rising interest rates a lot, and in a blog post last month Roger Hewins addressed the stabilizing function of a bond allocation in a diversified portfolio. This chart looks at it in another interesting way:

The red diamonds indicate the largest drawdown (drop from peak to trough)…

A few years ago, in a desperate attempt to make Fed policy even mildly interesting, we introduced our little friend[i] to you. At the time, after massive intervention into the fixed income markets in response to the 2008 financial crisis, the Fed hinted that it might start “tapering back” on…

“In the short-run, the stock market is a voting machine. Yet, in the long-run, it is a weighing machine.” — Warren Buffett[i]

While the last week in the markets has felt like being on Mr. Toad’s Wild Ride at Disneyland, Warren Buffett’s famous quote on stock market behavior seems more…

2020 was a year that no one will forget. A devastating pandemic wreaked havoc on our lives, and the resulting shelter in place orders wreaked havoc on the economy. US GDP dropped a historic 32.9% in the second quarter, and the unemployment rate peaked at 14.7%, a record outside the…

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Team Hewins serves as counselors to family wealth providing personalized financial and investment planning. Learn more at www.teamhewins.com.

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