While stocks may appear riskier than bonds or cash in terms of potential large drawdowns, the risk profile shifts when considering the risk of running out of money over a long-term retirement.

Staying invested is hard when everyone else tells you to be scared and the doomsayers support their beliefs with models and news reports. However, as Thomas Malthus, Jimmy Carter, and Paul Ehrlich all found out, the world rarely ends and it is the optimists and those that bet on humanity’s capacity for progress, that make money.

The discussion on index valuation often revolves around metrics like the price-to-earnings (P/E) ratio, but as highlighted by Savita Subramanian from Bank of America, such comparisons can be misleading.

Rather than recapping the entire seminar, today I just want to focus on one item that often goes overlooked. And that is the power of dividends.

Today's higher interest rates make money markets and high-yield savings accounts appealing over traditional bonds due to higher yields, stability, and asset flexibility. However, long-term bond investors should consider additional factors before making decisions.

If you are feeling pessimistic about the world – or know someone that is – I highly recommend Maarten Boudry’s “Seven Laws of Pessimism.” It is a powerful antidote for the dejection that comes from excessive news consumption.

Discover how Cathie Wood's ARK funds impact investor wealth. Beware sensational headlines and chase prudent investments. Learn more from Morningstar and TSA Wealth Management. Take charge of your investments today!

Last week we updated our models to align with Blackrock’s latest analysis. Here is a high-level summary of the two most recent sets of trades.

As the tax deadline approaches, keep us in the loop before and after you file.

Warren Buffett’s letters to shareholders are always filled with wisdom. Here are three of my favorite quotes from this year’s edition.

Explore the intricacies of Bitcoin ETFs and the varied motivations of key players in the financial landscape.

This week’s note includes a video, and the video includes PUPPIES! Our firm helps support Jenni’s Rescue Ranch and my wife does a lot of work with the dogs, so my house is often filled with puppies. If you are interested in fostering or adopting, you should check them out.

If you consume any financial news, you will inevitably come across a prognosticator who believes the market is overvalued.

In this 6-minute video I explain why we generally believe abandoning your long-term strategy to buy CDs is a bad idea.

Last quarter we laid out our investment process highlighting steps one and four described in the chart below. Today’s note will be briefer and stick to reviewing some of the trades we made last week.

When it comes to stock ownership in retirement, total returns are more important than dividend yield. I touched on this topic briefly during last week’s seminar and received a lot of follow-up questions, so for those that couldn’t attend, here is a 9-minute explainer video.

For this week’s note, we wanted to provide a recap of our recent presentation: Retirement Income 2024.

Curious about the market's journey in 2022-2023 and how it aligns with long-term investing? Explore our blog, "Looking Back and Ahead," for insights into market trends, core beliefs, and navigating uncertainties. Click to gain a concise perspective on the past year and timeless investing principles.

Discover the captivating insights of Morgan Housel's latest blog post, "Long-Term News," where he skillfully navigates the financial landscape by focusing on permanent, long-term information that truly impacts investors.

As we enter 2024, we call for a moment of reflection on the unprecedented advancements of our time and a conscious appreciation of the present to find lasting happiness.

Approaching a presidential election, remember: historically, the party in power doesn't dictate market trends.

When to start Social Security? Despite most opting for early benefits, it's not always the best financial move.

Since 2021, Americans lost $2.7 billion to social media scams; over half to investment fraud. A cautionary note: quick, risk-free riches are illusions. Simple, patient investing outperforms complex strategies.

Explore the complexities of stock market dynamics and the challenges of predicting outcomes in this insightful text. Using real-world examples from the oil markets, we delve into the unpredictability of market movements, emphasizing the importance of a nuanced understanding.

This year, all of us at TSA Wealth Management have a lot to be thankful for.  You, our wonderful clients, being at the top of the list.  Without you, nothing else in our lives would be possible so from the bottom of our hearts, thank you.