Written by David Fabian, September 12th, 2017
Most people are hardwired to look for shortcuts. The fastest way home from work. The most efficient way to mow the lawn. The chance to make our lives easier or more productive can be a positive in many work environments. It may also make you feel more accomplished in other aspects of your life as well.
However, when that same impulse is applied to the stock market, it takes a much darker turn. Read more
Written by David Fabian, July 18th, 2017
The markets are doing that thing again. That thing where everything looks easy. Where the trends are picture perfect. Where good stocks keep doing good things and bad stocks keep doing bad things. Where shorting the VIX seems like the easiest money in the world and where commodities are so fractured as to be all but unbearable to own. Read more
Written by David Fabian, June 05th, 2017
The investment universe is littered with articles touting the advantages of various funds or strategies. I should know. I have written for the last five years about the characteristics of ETFs and closed-end funds that we consider for our clients. Some pass my rigorous test, while others are weeded out through careful analysis.
Throughout this time, I have realized it’s easy to compare two or three funds in a vertical category and dissect their merits. Some will stand out based on costs, while others may promote index methodology, tax efficiency, or security selection as their primary benefits. Read more
Written by David Fabian, May 29th, 2017
It’s easy to get sucked into the tunnel vision of an easy market. Trends are strong, liquidity is abundant, credit markets are cheerful, and volatility is low. This is when it becomes easy to get complacent. To trick yourself into believing the recent past will extend indefinitely into the future. It’s a mental trap that even the most tenured investors find themselves falling into over various cycles. Read more
Written by David Fabian, May 11th, 2017
I’ve been an investment advisor for a fair amount of time now. I’ve seen many investors come and go over my tenure – clients, portfolio managers, brokers, traders, etc… Some that are quite successful and others that are downright miserable. The one guiding truth to every single experience is that people are their own worst enemies when it comes to investing. Read more