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Sensible Perspectives

The Undoing Project by Michael Lewis

Posted by Rick Miller on January 27, 2017

In The Undoing Project, Michael Lewis brings life to the friendship and working relationship between Daniel Kahneman and Amos Tversky.  (Kahneman is still working – at Princeton. Unfortunately, Tversky has died.) Kahneman and Tversky were two smart guys. They thought differently about how people make judgments and decide. Their work changed economic and financial thinking. […]

Estate Plan Mistakes You Can Easily Avoid

Posted by Frank Napolitano on January 26, 2017

Every December I try to attend the Harvard Memorial Church’s Annual Carols Service. This year I was supposed to go with an old friend. I’ll call him Larry. Larry and I had dinner in October to celebrate his 64th birthday. We made plans at the time to attend the Carols Service together. Four days later […]

Inflation Assumption Updates And Your Financial Plan

Posted by Jay Abolofia on January 25, 2017

To improve our recommendations, we are re-evaluating the economic assumptions in our financial plans.  We will be rolling out newsletters and white papers on each assumption. In this article, I will discuss our new methodology for inflation and its effect on our recommendations. What is Inflation? Rarely a day goes by that we do not […]

WGBH Listeners: Download Sensible’s E-book

Posted by Rick Miller on January 1, 2017

Welcome WGBH Listeners! Did you hear us on WGBH, one of Boston’s public radio stations? Sensible Financial is proud to support public radio – a great source of news and information. Listen for our underwriting announcements this week. They will air during Morning Edition, Boston Public Radio, afternoon drive and over the weekend. You can also […]

Bond Returns Early in the Trump Era (Part 1)

Posted by Rick Miller on December 21, 2016

There is now a tendency for higher interest rates. Total bond returns equal the coupon (interest payment) plus the price change impact of any interest rate change. Neither the interest rate alone nor the interest rate change alone determine the total return. Both have an impact. In the long run, higher rates are good for […]

Reverse Mortgages, Part 2: Increasing financial flexibility by leveraging the equity in your home

Posted by Rick Fine on December 20, 2016

In last month’s newsletter, I discussed reverse mortgages and attempted to clear up some common misconceptions about this product.  As I explained, reverse mortgages are loans offered by a commercial lender to an age 62+ homeowner using a portion of their home equity as collateral.  As long as the homeowner-borrower adequately maintains the home in […]

Is Passive Investing Bad for the Economy?

Posted by Rick Miller on November 29, 2016

In August, Inigo Fraser-Jenkins of Sanford Bernstein published “The Silent Road to Serfdom: Why Passive Investing Is Worse Than Marxism.” Since the note was for AllianceBernstein clients only, I can’t quote from it. I can’t even read it! The comments that follow are necessarily second hand, based on the responses[1] of several commentators who somehow […]

Reverse Mortgages: Increasing financial flexibility by leveraging the equity in your home

Posted by Rick Fine on November 28, 2016

If anyone had told me ten years ago that I would someday write favorably about reverse mortgages, I would have looked at them cross-eyed.  Very few financial products have been the source of so much bad press and consumer misunderstanding.  Variable annuities hold the top spot in this category.  As with variable annuities, some of […]

How Sensible Financial Raises Cash for You

Posted by Edward Samp on November 27, 2016

We strive to get cash to you when you need it. We understand that timely delivery of cash either for planned events or unexpected contingencies is important to you. Sensible Financial® has developed a process that balances your need to get cash quickly with your other interests, such as maintaining your target allocation, keeping trading […]

Investing and Investment Returns in the Event of a Hillary Clinton Election

Posted by Rick Miller on November 1, 2016

Historically, the stock market and the economy have performed better in Democratic administrations than with Republican presidents If enacted, specific Clinton policies could have both negative and positive implications for the economy, for corporate profits, and for short-term stock returns Long-run stock market performance depends a great deal on market fundamentals and relatively little on […]