Accountable Update

How to "Bear" a Flood

"Texas is a land of perennial drought, broken by the occasional devastating flood." -Unknown Meteorologist

An Olympic-size swimming pool contains about 88,286 cubic feet of water. On Tuesday, October 16th, I drove up to Marble Falls to witness what the equivalent of nearly four of those pools of water PER SECOND looked like as it flowed through and out of the banks of the Colorado River. As we stared in awe of the power of nature, I was also reminded of the comfort that a sound plan can provide.

Is "Buy Low, Sell High" Market Timing?

“What’s the difference between ‘buy low, sell high’ and ‘timing the market’?”

That was a question posed by a friend recently. He said that he had been advised to “take some wins off the table and invest in under-appreciated assets”. He went on to say, “which sounds like trying to time the market.”

He may be getting good advice, but he is right to be skeptical. 

Total Cost of Ownership

Costs matter. Whether you’re buying a car or selecting an investment strategy, the costs you expect to pay are likely to be an important factor in making any major financial decision.

Some of these costs are easily observed, while others are more difficult to assess. When investing, different variables need to be considered to evaluate how cost‑effective a strategy may be for a particular investor.