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Weekly Articles by Osbon Capital Management:

If I’m Holding Cash, Where Should It Be?

Nov 14, 2018 - John Osbon ( 3 mins to read)

Intense market volatility over the last few months has been a good reminder that money needed in the next 3 to 24 months should not be in stocks. It should be in a safe, interest-generating investment. The first option that comes to mind is usually bank CDs with FDIC insurance. CDs, like many heavily marketed investment products, are often not the optimal choice. Here is what we are doing with cash today.

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The Perils of Pessimism

Jul 18, 2018 - John Osbon ( 4 mins to read)

In 2010 I got two client inquiries to create an "Armageddon Portfolio," a collection of assets that would hold its value come hell or high water. Recall that we had just pulled out of the financial crisis. Many expected a repeat. For some, pessimism was so high in 2010 there was no expectation for an increase in asset value; just maintaining value was plenty. What happened next?

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Inflation Today. Is it CPI or MyPI?

Jun 14, 2018 - Max Osbon ( 5 mins to read)

It’s easy to think of inflation as financial weather – something we must endure and can’t control. While it’s true we can’t individually control the prices that grocers, automakers and landlords charge, we can, and should, control what we spend. We’re all familiar with the Consumer Price Index, or CPI. It tracks the cost of groceries, rent, utilities and other goods and services most of us use. When the cost of men’s sweaters go up, so does the index.

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Trust and Estate Strategies

Boring or not, they’re worth your time

May 30, 2018 - Max Osbon ( 5 mins to read)

However unpleasant or dull the idea might seem, the trust and estate planning process is the true backbone of your family’s wealth. What happens after you’re no longer around to make family wealth decisions will either be based on your clearly documented instructions or the decisions of a judge. Shouldn’t you be the one to decide what happens? Here are some trust and estate items that should not be left to chance. Illiquid assets Stakes in private investments are hard…

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When the music stops

Are you prepared for negative surprises?

May 16, 2018 - Max Osbon ( 4 mins to read)

Markets hum along to their own beat and rhythm, until they don’t. From time to time, the music suddenly stops. It might be fears of a trade war that trigger a sudden silence and jarring price dislocations. It might be Korea, protests in Jerusalem, or bankruptcy fears in China. We typically get no advance warning, and never know how long the silence will last. But we do know this: at some point, the music will stop. Will you be ready,…

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A Micro-Bubble Is Popped

Feb 14, 2018 - John Osbon ( 5 mins to read)

It’s been 20 days since the Dow peaked at 26, 400.  After a wild ride, the index is back within a few percentage points of that level. While very little has changed in the diversified portfolio of long-term investors, some casualties of the market flip-flops have floated to the surface. One is LJMIX. Here’s the story of a fund that took a few bad days and turned them into bona fide disasters.  What can we learn from its mistakes?

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Three Ways to Protect a Windfall

Feb 7, 2018 - Max Osbon ( 4 mins to read)

The sudden arrival of a large sum of money can be exciting and disorienting at the same time. The big dollar amount may short-circuit some of your normal financial decision rules and patterns. With that in mind, we offer you three solid ways to protect a windfall and prevent future regrets about how you spend and invest it.

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New Tax Law: 529s and More

Dec 27, 2017 - John Osbon ( 4 mins to read)

I have been spending as much time as possible reading about the newly enacted tax bill, the first tax reform signed in 31 years. All sides agree that the bill lowers tax rates for corporations and individuals. After that, there is little consensus on the broad effect of tax reform, who it really helps or harms, and how long it will last. The devil is in the details. Here are a couple items of special interest to investors. 

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Prepare for New Tax Plan

Oct 4, 2017 - John Osbon ( 4 mins to read)

Between now and year-end — and perhaps well beyond — we can expect the popular news to be dominated by the tax reform debate. The last tax reform law to pass muster was in 1986, thanks to President Reagan and Speaker Gephardt.  Their reform was a true bipartisan effort. It seems we’ll need another two-party effort to reform our system this time around. How can you protect yourself now if you don’t even know if a bill will pass or…

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