2018 Year in Review

By John Steele   |   January 29, 2019

2018 gave financial markets quite the rollercoaster ride, leaving equity investors feeling nauseated at times from the day to day volatility. When the dust settled, municipal bonds finished the year with positive gains while most asset classes were solidly in the red. Both international developed and emerging market equities posted double-digit losses in 2018 after outperforming US equities in 2017. Valuations within these asset classes are attractive and fundamentals remain strong even as they experienced a challenging year. International stocks were negatively…  Read More

What We Can Learn From 2018

By David Geller   |   January 25, 2019

We were reminded that stock and bond markets go both up and down. Down markets are often hard to stomach. JOYN advisors spent lots of time talking to clients to help calm their nerves and maintain their disciplined investment approach. If you are nervous, please give us a call. Even in a year where virtually all asset classes declined, diversification helped cushion the blow. Portfolios with bonds outperformed more equity-oriented portfolios. In December, international (MSCI EAFE) and emerging market (MSCI EM)…  Read More

Using Gamma in Your Portfolio and Financial Plan

By Jason Eagle   |   September 17, 2018

A gamma ray burst turned Bruce Banner into the Hulk and transformed a group of astronauts on an expedition into the Fantastic Four. And though we aren’t talking about gamma rays, we believe a different type of gamma can be harnessed in your portfolio and your financial plan. With respect to portfolio performance, we talk about: alpha (α), a measurement of excess return; beta (β), a measurement of relative risk; and delta (∆), a measurement of change.  But there is little…  Read More

Mind-Bending Markets Play “Red Light/Green Light”

By David Geller   |   February 7, 2018

sp-500-index-market-volatility/

Many news media sensationalized the market pullback by focusing on the DJIA's "biggest single-day point decline" (-1,175). Yet the percentage decline (-4.6%) was only its 100th worst single trading day. Then on Feb 6, the market changed direction 29 times before the Dow ultimately closed up 567 points (2.3%).  Read More