The Joseph Group

Wealth Notes

Wealth Notes is a regular digest provided to you: our valued clients and friends. Our goal with each issue of WealthNotes is to provide you with two perspectives on wealth: one that aims to inspire and the other that aims to inform.

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  • Is There a Bear Market in Diversification?

    September 18, 2018

    To Inform:   Source: Shutterstock   Earlier this week I listened to a webcast put on by the fund managers of a flagship “best ideas” global allocation fund from a major investment bank.  I’m taking some liberties to summarize a conversation I had with a friend during the webcast, but the conversation went something like this: […]

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  • A Sip of Hope

    September 10, 2018

    To Inspire:  Source: www.sipofhope.com   Suicide is a difficult topic but one that needs discussion.  Suicide rates have skyrocketed in recent years and in 2018 it is estimated that across the globe, 800,000 people will end their lives by suicide.  Here in the United States, 121 people die each day from suicide.  And the vast […]

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  • The Yield Curve and Interest Rates

    September 5, 2018

    To Inform:  When you buy a bond, you are effectively loaning money out to a government or a corporation with the expectation to be repaid your original loan with interest. A bond repaying you in two years will often pay a different rate of interest than a bond repaying you in ten years. When we […]

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  • Senator John McCain’s 5 Life Lessons

    September 4, 2018

    To Inspire:  Source: www.johnmccain.com   Senator John McCain’s life offers us lessons on living well and living with greatness.  What are some of those lessons: Lesson #1 – Know Thyself – McCain knew himself.  His years as a POW, while extremely difficult, also were years to reflect on his own life.  The son and grandson […]

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  • From First to Worst: Is This a Buying Opportunity for Emerging Markets?

    August 23, 2018

    To Inform:  In the first three months of 2018, only one major asset class had positive performance – emerging market (EM) stocks.  Since then, emerging markets have had a significant correction and are now down close to -10% year to date through late August.  Is the recent correction a buying opportunity? Despite pressures from a […]

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  • The Invisible People

    August 22, 2018

    To Inspire:  Perhaps some of you saw the Dateline documentary, City of Angels, last Sunday night.  It focused on the large and growing issue of homelessness that confronts Los Angeles and how people there are attempting to solve it. Mark Horvath is one of those “angels.”  Mark refers to those who are homeless in LA […]

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  • Is Leadership Changing in the Stock Market?

    August 2, 2018

    To Inform:  Could the stock market be in the early stages of a shift in leadership from “Growth” stocks to “Value” stocks?  At this week’s Portfolios at Panera discussion, we talked about major themes which have been areas of focus in The Joseph Group’s Investment Strategy Team meetings.  One of those themes is a potential […]

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  • The Hedonic Treadmill

    August 1, 2018

    To Inspire:  It’s the age-old question: can money buy happiness?  CBS Sunday Morning did a segment last Sunday that asked that question.  Their story began by sharing Christian Hinojosa’s take on it.  In 2000, fresh out of Amherst College, Christian took a very high paying job as an investment banker. Chris Hinojosa when he was […]

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  • Sales, Margins, Buybacks…Oh My!

    July 27, 2018

    To Inform:  We are in the early stages of second-quarter earnings announcements in the U.S., and things are looking positive. In order to grow earnings every year, there are really three levers a company can pull: Revenue Growth – is the company growing their sales numbers? Margin Expansion – is the company reducing costs and/or […]

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  • Always Stronger Than Yesterday

    July 25, 2018

    To Inspire:  Melanie Streng is a cancer survivor. It was a Tuesday in July and Melanie felt great. She was on her way to her annual checkup, less than a week away from a family vacation to the lake. But during her appointment, her doctor found a lump. “Probably just a cyst,” her doctor assured her, […]

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