Did Your Advisor Put a Debt-Bomb in Your Portfolio?

In late 2016, I joined a financial advisory practice located inside a high-rise building in the heart of the Denver Tech Center. Within my first few months I found out the top clients of the practice had allocated an imprudent amount of their wealth to different BDC (Business Development Companies) vehicles. These vehicles were born from yield-

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The 8th Wonder of the World

It’s been said to have been called “The 8th Wonder of the World” by Albert Einstein. When asked what the greatest invention in human history was, Einstein supposedly said “Compound Interest” and that it was the “most powerful force in the universe”. To paraphrase part of this infamous (if unverified) quote by Einstein, “He who understands it, earns it, he who doesn’t, pays it.”

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Jeff Brainard, CFP®, CFS
Is the Phillip's Curve Dead?

Is the Phillip's curve dead? Historically, we have seen inflation ramp up at these unemployment levels - but not this cycle.  Why doesn't inflation pick up?  Well, as the labor market tightens, employees are put in a better position to negotiate wages, their higher wages allow them to purchase more goods, rampant demand for more goods then enables employers to raise prices without a significant impact to their sales volumes.  And the cycle continues....

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Grant Glenn, CFA, CFP®