Season Investments

facebook-logo.pngtwitter.pnglinkedin-logo.png

Search Insights

Right Place, Wrong Time

There are many different ways to define risk when it comes to investing. But one risk that is often overlooked and rarely ever talked about is sequence risk. What is sequence risk you might ask? It is the risk of experiencing bad investment outcomes at the wrong time. http://www.seasoninvestments.com/insights/right-place-wrong-time/

The Perils of Low Volatility

Super accommodative monetary policy has been necessary to spur economic recovery and ensure markets don’t fall into a deflationary spiral. But these same policies which have kept interest rates at record lows for so long are creating vulnerabilities in the economy as debt levels continue to rise. http://www.seasoninvestments.com/insights/the-perils-of-low-volatility/

Having Your Cake & Eating It Too

In order to generate returns in excess of the risk free rate (think FDIC insured savings accounts at banks which are as close to “risk free” as you can get), one will have to take on some degree of risk, which could lead to a loss of principal. As the saying goes, “you can’t have your cake and eat it too.” Or can you? http://www.seasoninvestments.com/insights/having-your-cake-and-eating-it-too1/

Sleeping Well

Since we can’t predict the future with any level of confidence, we chose to take a more humble approach to investing which spreads risk across as many different, non-correlated investments as possible as well as using trend following techniques to provide some downside protection on our publicly traded investments. http://www.seasoninvestments.com/insights/sleeping-well/

Man vs. Machine

I recently read Michael Lewis’ new book entitled The Undoing Project which is all about the history of behavioral economics, which is a discipline that has created a paradigm shift in my understanding of human behavior. In this week’s post we will share one of the many stories from the book and explain how it relates to investment decisions. http://www.seasoninvestments.com/insights/man-vs.-machine/

Ignorance Isn't Bliss

Investors have been worried about rising rates and what a rising rate environment means for their bond investments. In response, some investors have concluded that it is better to hold individual bonds versus a bond fund.In today’s post, we’ll unpack why it is a misconception to believe that individual bonds are somehow less risky than bond funds. http://www.seasoninvestments.com/insights/ignorance-isnt-bliss/

Fear Of Missing Out

Since the economy and markets climbed their way out of the dredges of the financial crisis there has been an exhausting volume of work produced warning of the next major market collapse. But what about the risk of consistently rising prices? What kinds of psychological and emotional impacts do stock prices have when they just won’t quit? http://www.seasoninvestments.com/insights/fear-of-missing-out/

The Private Equity Advantage

Over the past year, we have spent a good amount of time researching different options for our clients in the private equity space. In today’s post, we will look at private equity from a very high level to explain what it is exactly and why it might be a good addition to a well-diversified portfolio. http://www.seasoninvestments.com/insights/the-private-equity-advantage/

Winds of Change

Virtually every measure of valuation in the US looks historically expensive and overinflated when compared to international stocks. We believe 2017 may bring the winds of change in global equity leadership, with a shift in relative strength from US to international. http://www.seasoninvestments.com/insights/winds-of-change/

Bubbles!

If you are an investor, you are most likely familiar with the term “bubble” as it pertains to investing. Twenty years ago this was not the case, but today we are all too familiar with the term. The problem we now face is that everyone is hyper-aware of bubbles to a point where there is a bubble boogeyman around every corner. http://www.seasoninvestments.com/insights/bubbles/

Overboard US Stocks

Over the past six years the US stock market has dominated the rest of the globe, with the S&P 500 outpacing the MSCI All Country World ex US index by over 10%...annualized. In our highly correlated, highly globalized world this amount of out-performance from the largest developed component of the global index is nothing short of mind-blowing. http://www.seasoninvestments.com/insights/overboard-us-stocks/

Running of the Bulls

The Running of the Bulls can be a dangerous event, and it is not uncommon for a number of participants to be injured or sometimes even killed. There are similar parallels to be made to a bull run in the stock market. http://www.seasoninvestments.com/insights/running-of-the-bulls/

Not Just Lip Service

Last week we wrote about how fees and expenses have been driven lower across our industry. Firms are being forced to consider how they get paid and what value they truly provide, which is, of course, a fantastic thing for consumers. But not all fees are created equal, and there are some costs that are still worth incurring. http://www.seasoninvestments.com/insights/not-just-lip-service/

Volatility’s Impact

A few weeks ago we wrote a post entitled The Economics of Loss discussing the importance of reducing volatility and managing exposure to large draw downs in your portfolio.. Not only are large swings in investment value hard to deal with emotionally, but they can be detrimental to the mathematical sustainability of a long-term retirement plan. http://www.seasoninvestments.com/insights/volatilitys-impact/

An Alternative to Buy-And-Hold

We field many questions about the potential value-add of a tactical allocation strategy over a more static buy-and-hold approach. Ultimately, there are a number of different ways to solve the retirement puzzle. Buy-and-hold investing is one perfectly legitimate strategy, but it is not a one-size-fits-all solution that every investor should follow. http://www.seasoninvestments.com/insights/an-alternative-to-buy-and-hold/

Beach Balls Under Water

Since the election, investors have been scrambling to understand what a Trump presidency might mean for future of financial markets. Global asset prices had all but priced in a Clinton victory, and the chaos that ensued in futures markets as Trump’s victory took shape throughout the evening reflected a sense of confusion over how to interpret the results. http://www.seasoninvestments.com/insights/beach-balls-under-water/

Taking Stock in the Election

Today we’re taking a slight departure from any semblance of serious financial commentary and discussing one of those topics that is sure to bear little to no fruit – if not end up being downright counterproductive.It’s time to talk politics! More specifically, let’s prognosticate what might happen in financial markets in response to a Trump vs Clinton victory. http://www.seasoninvestments.com/insights/taking-stock-in-the-election/

The Dennis Rodman Effect

Dennis Rodman was a game changing player on the basketball court even though he was sub-par (at best) when it came to scoring. One could argue that the Pistons went from being a good basketball team to a championship team with his addition. Sometimes the whole is greater than the sum of the parts. http://www.seasoninvestments.com/insights/the-dennis-rodman-effect/

Bonds in Bondage

Bonds are an asset class that we have been giving a lot of thought to lately. Bonds are in bondage to the low rates created by loose monetary policy, and the question of what to do about it is one of the more frequent ones we field in client meetings. http://www.seasoninvestments.com/insights/bonds-in-bondage/

All Together Now

Last Friday we caught a glimpse of the extent to which financial markets are still addicted to monetary stimulus when stocks, bonds and commodities all tumbled in response to comments made by Fed officials. When everything is grinding upward, moving All Together Now is not a problem, but that sentiment changes quickly when asset classes begin to nosedive in tandem. http://www.seasoninvestments.com/insights/all-together-now/

« Previous 123456 Next »