Fee-Only Financial Planning in North Carolina

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Monthly Archives: October 2008

Our Short Position

A month ago we increased client short positions from a net 10% to a net 20% (includes the 2X leverage). It seems to have paid off well. During the multi-hundred point daily swings in the Dow Industrials over the past few weeks, client portfolios moved sideways, lost a little, and showed very little volatility.  Now that we know the fate of the remaining investment […] Read the rest of this entry »

How SIPC works

The FDIC has understandably been in the news a lot lately, and will continue to be. Most people assume the FDIC protects our investment portfolios. Actually, investment portfolios are protected by 2 levels of insurance – and neither are the FDIC.                   Level 1: SIPC. Securities Investor Protection Corporation. SIPC covers stocks, bonds, mutual funds, ETFs and other securities not covered by FDIC.  If […] Read the rest of this entry »

Wall St. Meltdown

Over the past 2 years, we’ve been warning clients that stock markets and real estate were over-valued, and that we would see a considerable decline eventually. We had no idea we would see a near melt-down that provided the possibility of a new Great Depression.  The purpose of this  letter is to summarize economic events and provide as explanation of what it may mean to our […] Read the rest of this entry »