We aren’t selling stocks today. We’re buying more–because we trust our process and the drivers behind it.
While markets may continue to climb to new heights, they do so on the shaky foundation of high operating margins and above-average P/Es. And that’s a recipe for disaster.
By our estimates, it may be one of the worst times to invest in private equity.
We think there are four important drivers, or forces, on the stock market and its trajectory.
Living trusts may be an effective tool to protect against the consequences of incapacitation, enable the grantor to easily respond to life’s changes, increase privacy of family assets, and avoid probate.
This is a great time to be an active manager or to invest in one.
Most investors still hold unrealistic expectations for future returns.