Insight: The Archives 2008 - 1994

2008

4th Quarter

3rd Quarter

2nd Quarter

1st Quarter

2007

4th Quarter

3rd Quarter

2nd Quarter

1st Quarter

2006

4th Quarter

3rd Quarter

2nd Quarter

1st Quarter

2005

4th Quarter

3rd Quarter

2nd Quarter

1st Quarter

2004

4th Quarter

3rd Quarter

2nd Quarter

1st Quarter

2003

4th Quarter

3rd Quarter

  • Surprise! Another Great Quarter
  • Mutual Fund Misbehaviors: How Big a Deal?
    • Defining Late-trading and Market-timing.
    • Problems with Mutual Fund Market-timing.
    • Kochis Fitz Response.
    • Low Exposure at Kochis Fitz.
  • Recognition for Kochis Fitz
  • Get Ready…Year-End Planning Time is Here Again
    • Year-end State Tax Payments.
    • Year-end Tax Loss Harvesting.
    • Gifts of Appreciated Investments to Charity.
    • Gifts to Family Members.
    • Roth IRA Conversions.
    • Catch-up 401(k) and Deductible IRA Contributions.
    • Retirement Plans for the Self-Employed.
  • Manager Watch: International Large Cap in Developed Markets
    • Emerging Markets
    • Hope (?) for a Weaker Dollar

2nd Quarter

  • Rebound!
  • New Tax Cuts…But for How Long?
    • Reduced Federal Tax Rates
    • New 15% Tax Rate on Dividends
    • New Tax Complexity
    • Long Term Gain Rates
    • Investment Leverage
    • Charitable Gifts…and Other Deductible Expense
    • AMT for Everyone?
  • Stock Options…for Sale?!
  • Manager Watch: International Small Cap
    • DFA International Small Cap Fund
    • DFA International Small Cap Value FundInvestment Strategy and Process.Why We Like These Funds.International Small Cap versus Large Cap Weight?!?
  • Fed’s Lucky 13?
    • Igniting the Economy and Fighting Deflation
    • Good Deflation/Bad Deflation

1st Quarter

  • Volatility with a Vengeance
    • Plenty of Reasons to be Scared
    • Grounds for Optimism
    • Refuge in non-Equities?
  • Conflict in Iraq
    • How Much Will It Cost?
    • Economic Impacts: Oil and Taxes
    • Market Reactions
  • Selecting The Right Mortgage Product
  • Manager Watch: Small Cap Growth
  • Meeting Long-Term Care Needs

2002

4th Quarter

  • 2002: So Glad it’s Over
    • The Year Behind Us
    • The Year Ahead
  • Overseas Developments
    • An Enlarged European Union
    • The China Syndrome
  • Portfolio Construction Architecture
  • Asset Protection and Identity Theft
  • Quarterly Results

3rd Quarter

  • Capitulation?
    • A Skeleton in Every Closet?
    • The Economics of War
    • Consumer Spending
    • Some Encouraging News
  • Hedge Your Portfolio?
  • 2002 Year-End Tax Loss Harvesting
  • Manager Watch
    • Farewell to Janus Overseas
    • Equalizing Value and Growth Overseas
    • Small Cap Overseas, Too?
  • Quarterly Results

2nd Quarter

  • Pessimism Reigns…But Fundamental Prospects Are Brightening
  • Time…Again…To Refi Your Mortgage?
  • Yoga For Your Estate Plan: Add Flexibility
  • Stock Option “Reform”?
  • Manager Watch
    • International Small Cap Stocks
    • Liberty Acorn International
  • Quarterly Results

1st Quarter

  • The “Recession” Ends, But the “Recovery” Is Still Missing in Action
  • AMT – PURGATORY???
  • Manager Watch
    • Brazos Small Cap Growth
    • Navellier Aggressive Growth
  • Quarterly Results

2001

4th Quarter

  • A Dramatic Recovery…at Least for Now
  • The Equity Premium and Capital Market Expectations
  • How’s Your Concentration
  • Tax Loss Harvesting and Other Year-End Maneuvers
  • Overseas Investing…Dead, Ailing, or Very Much ALive?!?!
  • 2002 Federal Tax Changes
  • Manager Watch: Emerging Markets
  • Quarterly Results

3rd Quarter

  • A Quarter of Market Turmoil, Before…as well as After September 11th
  • The Aftermath: Prospects for Domestic and Overseas Investments
  • Short-Term Interest Rates: The Light at the End of the Tunnel?
  • Year-End To-Do List: For You and For Us
  • Manager Watch
  • Quarterly Results

2nd Quarter

  • An Excellent Quarter…But Will it Last?
  • Active Management Strategies for Volatile Markets
  • The Fed Keeps Cutting
  • Manager Watch
  • Quarterly Results

1st Quarter

  • A Rough Start for the New Year
  • A Continuing Case for Overseas Investment
  • Currency Confusion
  • Keep Your Chin Up
  • Fund Watch
  • Quarterly Results

2000

4th Quarter

  • Beyond the Headlines
  • Tricked, Fooled, Duped?…Yes and No!
  • Tax Loss Harvesting and Other Year-End
  • Maneuvers
  • Wrapping Up Year 2000
  • Fund Watch
  • Quarterly Results

3rd Quarter

  • Energy-Interest-Euro-Inflation-Oh!!
  • Election 2000
  • Dollars are (Too?) Hot!
  • Year-End To-Do List: For You and For Us
  • Fund Watch
  • Quarterly Results

2nd Quarter

  • A Sobering Pause
  • Diamonds and Spiders and Qubes – Oh My!
  • Estate Tax – Is Repeal a Good Thing?
  • Technology Revalued!
  • Charitable Gift Trusts
  • Fund Watch
  • Quarterly Results

1st Quarter

  • Topsy Turvy
  • Technology Tumbles
  • Interest Rates & Oil Prices Up, Inflation Down
  • It’s Not All About Tech
  • The Benefits of Leverage
  • Fund Watch
  • Quarterly Results

1999

4th Quarter

  • A Strong Finish…But are We Going Too Far Too Fast?
  • Return Envy?
  • 2000…The Year For Value?!
  • Overseas Opportunities Shine
  • Fund Watch
  • Quarterly Results

3rd Quarter

  • Lackluster Quarter Presents Important Lessons
  • Manager Selection: What Funds Have We Chosen and Why
  • Quarterly Results

2nd Quarter

  • Retrenchments and Rebounds
  • A Quarter Point in Time Saves…?
  • Overseas Markets
  • Charitable Donations It’s Not Too Early
  • New Performance Benchmarks
  • Fund Watch
  • Quarterly Results

1st Quarter

  • Market Leadership: Deceptively Strong
  • Y2K Compliance Program
  • What Small Cap Effect
  • Fund Watch
  • Quarterly Results

1998

4th Quarter

  • A Robust Recovery…But Maybe Too Far Too Fast
  • The Day Trading Casino
  • Introducing KochisFitz.com
  • Value vs. Growth…and The Current Winner Is…Growth!?!
  • Internet Insanity
  • New Addition to Our Planning Staff
  • Fund Watch
  • Quarterly Results

3rd Quarter

  • Worldwide Markets Tumble
  • But, Is The Worst Over?
  • Quarterly Results
  • What Are We Doing To Protect Clients In The Meantime?
  • The Siren Song Of Market Timing
  • Bargain Buys In Small Cap
  • Long-Term Lessons
  • Overseas Markets Meltdown?!?
  • Fund Watch
  • Mutual Discovery
  • Small Emerging Markets Funds Troubles
  • Barr Rosenberg US Small Cap
  • Rebalancing
  • Quarterly Results

2nd Quarter

  • Mixed Asset Class Results Yield Little Net Change
    • Interest Rates Low…and Getting Lower?
    • Domestic Small Capitalization Stocks
    • More Tax Relief
    • Twelve Month Returns
  • The Yen For Lower Interest Rates
  • Emerging Markets
  • Social Security Reform
  • Fund Watch
    • Heartland Value
    • Brandywine
    • Emerging Markets
    • Notes
  • Quarterly Results

1st Quarter

  • Extraordinary Investment Results Continue
  • Overseas Markets Outpace the US
    • Europe’s Starring Role
    • Japan
    • Emerging Markets
  • Measuring and Expressing portfolio Performance
    • Dollar-Weighted Versus Time-Weighted Returns
  • Fund Watch
    • Barr Rosenberg Market Neutral
    • Heartland Value
    • Brandywine
    • Notes
  • Quarterly Results

1997

4th Quarter

  • It Was a Very Good Year
  • Emerging Markets Mania
  • Deflation: A Dangerous Import?
  • Will Bonds Shine Again In 1998?
  • Asset Allocation: an Overrated Factor?
  • Investment Style: Value and Growth
  • Style Change VS. Style Drift VS. Change In Asset Class
  • Fund Watch
    • Year-End Tax Loss Selling
    • Barr Rosenberg US Small Cap To Close
    • Morgan Stanley Closed-End Update
  • Investment Results

3rd Quarter

  • Market Leadership Shifts to Small Cap Stocks
  • Portfolio Rebalancing
  • Southeast Asian Currency Crisis
    • A Strong Case for Diversification
  • Fund Watch
    • New International Core Managers
    • Heartland Value Finally Closes
    • Private Investment partnership
  • Quarterly Results

2nd Quarter

  • Investment Results Too Good to Continue?
    • A Few Grey Clouds
    • A New Hong Kong
  • Fund Watch
    • Ivy International Closes
    • Tax-Free Exchange
    • Style Reclassification
    • New International Small Cap manager
    • Morgan Stanley Closed-End Update
    • “Growth” vs. “Value”
  • Quarterly Results
  • Inflation-Indexed 5-Year Treasuries
  • Index Mutual funds
    • Indexing In Efficient Markets
    • Active Management In Less Efficient markets
    • Small Capitalization Stocks Overseas

1st Quarter

  • A Return to Volatility
  • International Resurgence
  • Inflation: Real or Imagined
  • Fund Watch
  • Benchmarking With Indices
  • The “Dow Jones”: A Special Case
  • Client Objectives As Best Portfolio Benchmark

1996

4th Quarter

  • Another Great Year for Equity Investors
  • Bonds Left Out in the Cold
  • Fund Watch
  • New Perspectives on Valuation Measures
  • The Consumer Price Index and “Keeping Up With the Joneses”

3rd Quarter

  • The Markets Continue to Reward the Long-Term Equity Investors
  • Overseas Outlook
  • Fed Watch Follies
  • Mid-Year Tax Tactics / Rebalancing
  • Fund Watch
  • Inflation-Indexed Treasuries
    • Index
    • Principal and Interest Variability
    • Liquidity
    • Taxation

2nd Quarter

  • The Bull Market Continues
  • Inflation-Indexed Bonds
  • Fund Watch
  • 2nd Quarter Fund performance
  • The Merits of Margin for Long-Term Investors

1st Quarter

  • Another Robust Quarter: Is it Time to Get Scared?…We Think No
  • Fund Watch
  • First Quarter Fund Performance
  • Fidelity Funds…Without Loads
  • Berkshire Hathaway

1995

4th Quarter

  • 1995 A Good Year for Bonds, But a Great Year for Stocks
  • Fund Watch
  • Fourth Quarter Fund Performance
  • The Year Ahead

3rd Quarter

  • The Yen/Dollar Roller Coaster
  • Market Efficiency and Use of Index Funds
  • Fund Watch
  • Third Quarter Fund Performance

2nd Quarter

  • The Domestic Big Cap Rally Forges On
  • Closed-End Mutual Funds
  • Morgan Stanley Emerging Markets Fund – Replacing Some Montgomery Emerging Markets
  • Jundt Growth Fund – Replacing Some Janus
  • Fund Watch

1st Quarter

  • The Mighty Yen
    • The US effort to prop up Mexico’s currency to the tune of $18 billion dollars
    • The failure of the balanced budget amendment
    • Throughout the first quarter, the economic reports indicate a general cooling off of the economy
  • A Strong Rebound in the US Securities Market
  • Disappointing Emerging Markets
  • Fund Watch

1994

4th Quarter

  • Fund Watch
  • The Bond Market Debacle
  • Peso Problems

3rd Quarter

  • A Good Quarter, Especially Overseas
  • Portfolio Rebalancing Policy
  • Fund Watch

2nd Quarter

  • Interest Rates and Inflation
  • Currency Exchange Rates
  • Overseas Investments
  • Fund Watch
  • Going Forward

1st Quarter

  • Alan Greenspan’s “Correction”
  • International Markets
  • Where Do We Go From Here?
  • Fund Watch
    • Small Capitalization Domestic Funds
    • International Funds
    • Large Capitalization Domestic Funds