Our Blog: The Bishop’s Piece

Financial Missteps

Personal finance, like just about everything else, is mainly common sense. Advice like “don’t spend more than you make; start investing while you’re young; don’t loan money to friends with the expectation of getting it back,” have been around for generations, and most likely will survive the next few generations as well. Even money mistakes […]

Control What You Can

The pain being inflicted by a diversified set of asset classes in 2018 hasn’t been witnessed since Don Mclean’s American Pie was #1 on the Billboard charts. Ned Davis Research organizes assets into eight major categories from large US stocks to commodities and not one of them is slated to gain more than 5% for […]

How to Effectively Use an Annuity

Annuities come in many different shapes and sizes but at the foundation they are an insurance product that issues some sort of guarantee. As many of you know, I am not a big fan of insurance products or the ways they are sold, but being a financial planner I cannot look past their utility in […]

Double Up Tax Strategy

We are in the last quarter of the year now and the holiday season is right around the corner. People are preparing by doing their holiday shopping (which I heard my mother-in-law is already done with –IMPRESSIVE) and it is also a time when charitable giving increases. I have not started or even thought about […]

Is Diversification Dead?

With recent wide performance differences between stocks (16.07%) vs. bonds (-4.00%), US (16.07%) vs. Non-US (-1.61%) stocks, and Information technology sector (30.21%) vs. Consumer staples sector (-1.4%) is diversification dead? Should we no longer spread our portfolio out among different asset classes, geographic regions or sectors? If you use history and probability to build a […]

Active vs Passive Investing Debate

In my 13 year career as a financial planner I have not typically condemned certain products. All products have a purpose and if used in the correct situation for the correct person can add return or protection to a client’s plan. You may often hear people say you should never use annuities or you should […]

What is Sustainable Investing?

Sustainable investing is the idea that businesses can provide a net benefit to our society through their services or products and that by investing in these businesses your investments will be able to provide a more predictable and consistent earnings stream. This approach evolved out of socially responsible investing (SRI) which used negative screens to […]

How to Take Advantage of the Tax Changes

With the new tax law comes lower taxes for some but it also changes the way you need to approach charitable giving if you want to take full advantage of the tax benefits. Now that the standard deduction has increased, many households will no longer be able to deduct their charitable contributions. However there are […]