The Back Porch

The Back Porch is where it all happens—relationships are formed, stories are told, advice is passed down. Here is where we share news, articles, advice and thoughts. Pull up a chair.

Inflation Train

Inflation Train

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The inflation train has left the station. Nobody’s even revisiting whether it’s transitory or not. BUT WHERE is the next stop – and at what elevation? Each month brings a new round of debates. Now that the Inflation Reduction Act of 2022 has officially been passed and signed into law, let’s examine the highlights of…

Investment Management 101: Bear Markets

Investment Management 101: Bear Markets

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Let’s keep 2022 in context. We are experiencing a bear market (decline of 20% off recent high), which historically occurs every 3.5 years. Over the past 15 years, government intervention has disrupted the normal frequency. History teaches us the economy is cyclical; bear markets are a natural part of the cycle.

Bull vs Bear

Bull vs Bear

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History teaches us that bull market gains are 11x greater than bear market losses. Since 1929, the average bull market lasts 32 months and returns roughly 400%. In contrast, the average bear market lasts 14 months and drops an average of 36%.

“THEN LET THEM BUY ELECTRIC.”

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Soaring inflation and gasoline prices have everyone on edge. Unlike the princess, we understand. An insightful client recently told us: “I watch oil and gas prices because they affect everybody. It doesn’t matter if you drive a car or a boat or a plane – they all need gas.” Here are three quick thoughts on…

Elon Musk: A Primer

Elon Musk: A Primer

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Elon Musk, carnival barker or the next Thomas Edison? Our vote – the next Thomas Edison, with a dash of Henry Ford, John D. Rockefeller and Andrew Carnegie. Consider his resume – Founder, CEO and product architect of Telsa, Inc., which produces fantastic electric vehicles. Founder, CEO and chief engineer of SpaceX, a space exploration…