INSIGHTS
Understanding Dividends
March 23, 2016
A surprising number of investors lack a rudimentary knowledge regarding the nature of stock dividends. This knowledge gap contributes to a perpetual misunderstanding regarding security performance. Filling this knowledge gap will help foster an understanding of where dividends fit in an overall portfolio strategy.
Earnings Insight March 2016
March 8, 2016
Earnings season for the first quarter of this year is virtually complete. We are witnessing consecutive quarters of earnings contraction not seen since 2009. The hope that revenue and earnings growth would have resumed by now has been postponed until the second half of the year.
Tax Time 2016
February 29, 2016
Tax filing season is a great time to review your overall financial situation because you have all your financial information right in front of you! The goal is to look at taxes over two consecutive years to determine what is the most effective use of various tax strategies.
Market Update February 2016
February 22, 2016
Since we began reducing exposure on July 15, we have been monitoring the market to determine a relatively low risk re-entry point. Our intent is to put cash back to work over time, as we sense the market is looking to start a new up-trend. In this Market Update we wish to update you, our clients, on our perspective of the current markets and our near term outlook as these relate to how we manage your portfolios.
Financial Planning Timeline
February 15, 2016
The financial planning timeline helps to identify potential strategies to prepare an efficient and effective plan. While individuals and families have unique financial goals and circumstances, these key dates provide a framework to help make better informed financial planning decisions.
Coherent Investor February 2016
February 7, 2016
At Coherent, we conduct our own research for managing our clients’ wealth. We compile objective data from respected sources, apply our own analysis methods, and conduct investment operations based on our own conclusions. As investment professionals, we feel we owe this to ourselves and more importantly to our clients whom we feel privileged to serve.
Manager’s Letter 2015 Q4
January 28, 2016
The stock market is as much a study in human behavior as it is a study of fundamental trends. Neither changes very much over time. As we started the new year, I reflected on how often some things stay the same. My favorite philosopher Yogi Berra might say, “It’s déjà vu all over again.”
Manager’s Letter 2015 Q3
January 25, 2016
When I piloted airplanes, I taught my passengers how to avoid motion sickness. “Don’t focus inside the cockpit. Pick a distant stationary object like the horizon and fix your eyes upon it.” That’s well and good in clear weather when there is seldom cause for motion sickness.
Manager’s Letter 2015 Q2
January 25, 2016
Managing one’s investments is challenging enough without the endless cacophony of fear that rains down from the financial media every minute of every day. Greece! China! Iran! Bond bubble! The Fed! It never ends. So, let’s instead focus on what really matters.
Manager’s Letter 2015 Q1
January 25, 2016
In any worthwhile pursuit, one cannot ignore the fundamentals. Proactive investment managers pay close attention to the primary trends affecting market prices. In recent quarters, trends in company earnings have taken a sharp turn.