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The Political Sell: Bad Choice or Horrible Choice?

Today, as I was watching CNBC and other news outlets, the coverage was primarily centered around a tweet that President Trump made earlier in the day. No one really knew what the tweet meant, but the fact that everyone was trying to figure it out was interesting to me. Back on May 17, the market fell 1.8% on the news that there could possibly be an impeachment. President Trump and his dealings with Russia would come back to bite him, and take him out of office. The news outlets, again, were going crazy with the news. All this recent fascination with President Trump had me thinking: What if someone sold their stocks every time the President did something stupid? How would that strategy work out? Below is a chart of the S&P 500 along with some stupid things that Presidents have done in recent memory. As you look at it,
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Categories: Market Commentary, Markets, and Personal Finance.

Mistakes: Everyone Makes Them, The Average Repeat Them, The Greats Learn From Them

Mistakes. Everyone makes them. The greats learn from them while the average joe repeats them. In this week’s Market Commentary we are talking about how some of the best money managers ever have made mistakes and how learning from them is what made them great. And let’s just say this – in the midst of a bull market, like we’re in, mistakes become more common place and euphoria can take over. Doesn’t mean don’t ride the bull. Just means that we should be applying the rational, thoughtful, time-tested lessons of managing money described in the video. So watch the video and assess yourself on how well you learn from investing mistakes. What We’re Reading 5 things I’ve learned from Charlie Munger – David Clark shares the 5 things that he’s learned from Buffett’s right hand man, Charlie Munger. We can’t focus on just one because all five are just fantastic!
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Categories: Market Commentary and Markets.

The Next Apocalypse: Or What The Media Wants You to Believe

This month’s market commentary video is chalk full of fun topics at the top of everyone’s mind. Like: After this bull run is the market cheap or expensive? Should I invest now or hold back? How do I deal with the (next) apocalypse the media is touting? As always we have an Iron Gate perspective that I believe you’ll appreciate. Enjoy the video. What We’re Reading You’re not as good an Investor as you think you are: In celebration of the Bull Market’s 8th birthday, one of our favorite writers, Jason Zweig, discusses how psychology can wreak havoc on investors as they try to go at it alone. The Downfall of the Popular IPO: With Snapchat going public this week, we’ve heard a TON about IPOs. In fact, I was on the ski lift and the ski instructor started talking about Snap’s IPO! Uh oh! Here’s a great article by
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Categories: Market Commentary, Markets, and Strategy.

Market Commentary: Inaugural Year Lessons and What You Should Be Doing

It’s once again time for our monthly Market Commentary and I am discussing three things that anyone with any money invested anywhere should be considering. They are: Lessons learned from the transition of Presidential power as it affects the markets; The way to approach hitting the eighth year of a bull market; and What to expect this year along with the “must dos” for any investor right now I know there are all kinds of expectations for the market in the coming year. We hope you’ll approach this year as any: with deliberate, probability-based decision making that removes emotion and optimizes your potential. What We’re Reading Buffett Bought $12 Billion of Stock From Election Through Friday. We LOVE this story. It’s the perfect example of not letting politics get in the way of sound investing. We discuss this more in the market commentary video. What a great example for us
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Categories: Market Commentary, Markets, and Strategy.

January Market Commentary: Are You A Pessimist or an Optimist?

If you know a pessimist when it comes to the markets, you have to get them to watch this Market Commentary. Hopefully, it will change the way they invest. Why? Because we talk about wise investing for the long term and how there is almost no time in history when optimism hasn’t won out. I’ll also talk about performance. Usually in our Market Commentaries we are focused on the prior month and discussing performance. This time around however, we’re looking at 2016. Wow. What a year. So many excellent lessons epitomized by this past year. Finally, we talk about your money and how you should have it managed with us, or someone with a philosophy like ours. We have a process based on probabilities that will optimize your chance at success and minimize your likelihood of failure. So many people I talk to simply have a terrible plan in place
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Categories: Market Commentary and Personal Finance.

The Holly Jolly of a Post-Election Rally: December Market Commentary

‘Tis the season to be jolly, especially as we have watched the markets rally in this post-election atmosphere. In this month’s market commentary I talk about sector-by-sector performance in that post-election rally. I also talk about the value of patience in the markets and how not chasing what is “popular”, i.e. dividend centric stocks recently, can help your portfolio’s performance. Finally, I talk about December and how it often performs historically. I hope you enjoy as you click through and review recent market events. What we’re reading: Some of the Wisest Words Ever Spoken About Investing. This is a fantastic article written by Jason Zweig of the Wall Street Journal. My favorite line of the article is “Evaluating yourself honestly is at least as important as evaluating your investments accurately. If you don’t force yourself to learn your limits as an investor, then it doesn’t matter how much you learn
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Categories: Market Commentary and Markets.

November Market Commentary: Elections, Market Fluctuations and Thanksgiving Appreciations

This month for our market commentary we have a discussion on the implications of presidential probabilities. Because let’s face it when it comes to investing its the probabilities that matter regarding the election – not the specific outcome. We also discuss Novembers historically and how they perform as well as talk about what we’re doing specifically in light of current market conditions. And of course we show our appreciation for some of the things we’re grateful for in this the Thanksgiving month. Please enjoy our take on the markets in November: What We’re Reading: The Art of Stockpicking by Charlie Munger. This is a classic! If you’re at all interested in learning from one of the best money managers and stock pickers of all time, you must read this! We have received designed much of our investing process from what is found in this letter. Nike co-founder shares ‘the only
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Categories: Market Commentary and Markets.

Are These Market Highs Too High? September Market Commentary

The market has gone nowhere but up since Brexit. Is this sustainable? The summer doldrums never really happened as we have seen indices up across the board. Does that mean something has changed in the markets? September (and to a lesser extent October) is one of the historically lower performing months of the year. How should you think about your portfolio in light of this? All time highs, or near them for the Dow, the S&P 500 and the Nasdaq. Will the trend continue? These are all questions you should care about and that we discuss in this month’s Market Commentary. What we’re reading: The Stock Market is Vanishing: This is an interesting article pointing out that there are fewer stocks than there has been in a long time. This could be a reason valuations could head higher? While we believe the low interest rate environment is the cause, we
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Categories: Market Commentary and Markets.

Market Commentary – What History Has To Say About Lethargic Markets

The markets have gone sideways for well over a year now. History has a little bit to show us about what that might mean and how we may want to think about the next few months. In this month’s Market Commentary we’re going to review historical references of when the markets looked similar to what we see today. It’s an interesting view on why being consistent, and focusing on probabilities is the approach that is most likely to yield results. And below the video we have our “What We’re Reading” section to give you some of our favorite articles. Enjoy.   What We’re Reading What’s Your Plan B for Retirement? This is a great article about the importance of a well-built portfolio as well as the need to make retirement about more than just money. Read the full article here. Buy-and-hold fund prospers with no new asset bets in 80 years.
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Categories: Market Commentary and Markets.