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Financial Planning

Would you invest?

 April 11 2017     Matt Woebkenberg
Following is a hypothetical investment opportunity.  Hopefully it shows why it is important to look at the financials of a company that you invest in, and why it is so difficult to accurately pick individual stocks.Steve is selling 5% of all of his future net earnings (after paying his expenses).  For a price of just over $54,000 you can have exclusive rights to 5% of Steve's net earnings for the ...

Cincinnati Experiences Widespread Economic Strength

 April 10 2017     Matt Woebkenberg
Near the end of last month the Federal Reserve Bank of Cleveland reported the Cincinnati region is experiencing the strongest growth out of all the other regions in the state. A couple of highlights in the report note:The region’s unemployment rate remains well below its 2007 pre-recession readingsThe number of jobs has also recently surpassed its pre-recession high, as has the level of real per c...

HORAN Capital Advisors Q1 Investor Letter

 April 7 2017     Matt Woebkenberg
In lieu of the regular Friday Financial Terms post (which will be continued next week), I wanted to direct all readers to our newsletter for the first quarter of this year.  To summarize the letter, though markets may appear expensive by many traditional valuation metrics, this should not change investors' near term decisions.  Timing in and out of the market is very dangerous and often counterpro...

Estate Planning

 April 6 2017     Matt Woebkenberg
Lessons from Prince.  As you all know, Prince died last April of an overdose.  As with any sudden death, it was a tragic loss and mourned by many.  The difference in this case, however, was that Prince died with an estimated net worth of $300 Million and even more importantly, he did not have a will.  A recent article in the Wall Street Journal commented on how many of the details of Prince's esta...

Domestic Politics: Taxes

 April 5 2017     Matt Woebkenberg
After an unsuccessful bid to re-shape Health Care, the Republican led government appears to be turning its attention to the tax code.  The tax code is an enormously important factor for businesses and thus for the domestic economy as a whole.  There are wide-ranging issues to be addressed in any restructuring of the tax code, but one of the most important is the high rate of corporate taxation.As ...

Investor Returns vs. Fund Returns

 April 4 2017     Matt Woebkenberg
When investors are selecting a fund to invest in, they inevitably look at the performance history of the available funds.  Though it has been repeatedly proven that past performance is a terrible predictor of future performance, investors always look at performance.  An often overlooked piece of performance information however, is investor returns vs. fund returns.  Investor returns are what actua...

Human Capital - Investing in Yourself

 April 3 2017     Matt Woebkenberg
Outsourcing today's blog post to Of Dollars and Data.  Please visit the linked post because it does an excellent job explaining the importance of human capital in understanding your own financial well-being.  Your human capital is the value of your future earnings and this obviously decreases with age.  Saving and investing, then, are necessary to replace your income once your human capital runs o...

Quarter in Review

 April 1 2017     Matt Woebkenberg
Apologies for the email Saturday morning with no post.  Turns out they won't write themselves...so here is your actual Quarter in Review.The S&P 500 ended the first quarter of 2017 up 5.53% (on a total return basis, meaning dividends included, the S&P 500 was up 6.07%).  As we mentioned in our pessimist vs. optimist series, markets look expensive by almost every valuation metric, but expensive mar...

Friday Financial Terms - Inflation

 March 31 2017     Matt Woebkenberg
Inflation at its very basic economic definition is "the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling", per Investopedia. For example, if my weekly grocery bill for my regular cart of goods was $100 last year and this year that same grocery cart of goods costs $105, the $5 increase is inflation. The reducti...

Robots in the Workplace: Lawyers

 March 30 2017     Matt Woebkenberg
Previous articles have focused on the potential for technology to upend industries full of manual labor, but it is important to clarify that the risks go well beyond "blue-collar" jobs.  A recent article from the New York Times details how artificial intelligence is changing the workplace for many large law firms.  As one lawyer notes, "A big patent case then (1999)... might have needed the labor ...
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