Invisible Alpha Blog


Feb

10

2017
Sequence of Return Risk

Sequence of Return Risk

Have you heard about “sequence of return risk”?  Probably not. Too often do those of us inside the industry take our knowledge for granted.  Assuming average investors understand the complexities of finance can lead to confusion and lack of clarity....

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Feb

03

2017
Real Financial Planning

Real Financial Planning

Few people have been more influential to my financial planning philosophy than Carl Richards. Carl recently wrote a piece outlining three major traits that “real” financial advisors must have (What It Means To Be A Real Financial Advisor).  Advisors following...

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Jan

27

2017
The Bad News in a Good Way

The Bad News in a Good Way

A friend recently sent me a copy of a newsletter that is circulated to retired public employees in Massachusetts.  The front page story this month was titled: “State Pension Valuation: Changes Cause for Concern” (The Voice: January 2017). Over the...

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Jan

25

2017
Understanding the Pension Problem

Understanding the Pension Problem

Despite how often we hear about them, pensions remain a mystery to many.  Without getting overly technical, I thought it would be helpful to illustrate the basics of pension math using a simple example.  First, let me define a few...

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Jan

16

2017
Great Ideas vs. Great Investments

Great Ideas vs. Great Investments

Remember when that thing called “The Internet” really took off?  By the mid-1990s, the possibilities created by a fast, interconnected global computer network had our imaginations running wild.  Regardless of whether or not you understood the technology, you knew a...

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Jan

06

2017
revolution

When Average is Superior

Charley Ellis is the former chairperson of Yale’s investment committee and a well-known investment consultant. In 1975 he authored his now famous paper “The Loser’s Game.” He concluded his introduction with these humbling words: Psychologists advise us that the more...

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Dec

21

2016
2016 Favorites

2016 Favorites

We live in amazing times.  The amount of content available at our fingertips is seemingly limitless.  20 years ago, access to such wide-ranging, diverse ideas would have been nearly impossible.  Today, finding a new (or old) idea is always few...

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Dec

13

2016
Pension Performance Reporting Tricks

Pension Performance Reporting Tricks

Richard Branson is the founder of Virgin Group, a serial entrepreneur and a multi-billionaire.  Back in 2012, one of his Twitter followers asked him if there was a talent that came to him late in life that he wishes he had...

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Dec

07

2016
Sound Advice with Attorney Thomas Williams

Sound Advice with Attorney Thomas Williams

Attorney Thomas Williams invited me on his weekly show, Sound Advice, to talk about financial planning.  This was my first television appearance and it definitely takes some getting used to. I’m not quite ready for primetime but I had a...

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