Real Estate as Part of Your Portfolio

Nick Levinson Comments

We’ve written extensively over the last few months about inflation, interest rates, and how recent changes have impacted the stock and bond markets. This month we take up the effects of inflation and interest rate increases on real estate, which, along with an investment portfolio, is one of the largest assets many of us own. First, a little background: We …

Bonds and Stocks Tumble Together

Nick Levinson Comments

You’ve probably seen the headlines about how badly the stock market has performed so far in 2022. “Bear market.” “Worst first half of a year in the last fifty years.” The broadest index of world stocks declined over 21% through June 30, 2022, caused in part by the highest inflation in 40 years and the largest land war in Europe …

The Psychology of Money

Nick Levinson Comments

“Behavioral finance” is a relatively new but increasingly influential part of the financial world. Where traditional economic/finance theory assumes that consumers and investors regularly maximize their opportunities, behavioral finance acknowledges that this is not always the case. If you’re interested, excellent books on the subject include Thinking, Fast and Slow by Daniel Kahneman; Misbehaving by Richard Thaler; Nudge by Thaler …