by Ethan S. Braid, CFA | Apr 19, 2025 | Blog, Investing
T-Bills and money markets are both popular choices for investors looking to earn interest from their cash. T-Bills are simple and straightforward. T-Bill interest is state tax exempt. Money markets are more complicated. Money markets come in two forms, money market...
by Ethan S. Braid, CFA | Apr 7, 2025 | Blog, Investing, Market Updates
Recently stocks, particularly the Magnificent Seven stocks, have fallen off a cliff. A recession looks all but imminent at this point. At HighPass, we have been warning investors since 2024 to update their risk tolerance, shift their portfolio away from tech stocks...
by Ethan S. Braid, CFA | Feb 27, 2025 | Asset Allocation, Blog, Investing, Investment Risk, Retirement Planning
The recent research paper, Beyond The Status Quo: A Critical Assessment of Lifecycle Investment Advice, has created a lot of buzz since the paper was published. The authors advise an optimal retirement portfolio that is 100% equities with 33% in domestic stocks and...
by Ethan S. Braid, CFA | Feb 20, 2025 | Blog, Investing, Investment Risk
Investors looking for safety often put their money into certificates of deposit, aka CDs. But many of them would be better off if they purchased T-bills instead of CDs. In this article we will compare T-bills to CDs across three categories; taxes, fees and risk. Taxes...
by Ethan S. Braid, CFA | Jun 8, 2024 | Blog, Investing
Recessions and bear markets are a normal part of the business cycle. There have been ten recessions in the past seventy years; with a recession occurring about every seven years on average. Bear markets come in two varieties, short term, and secular. Short term bear...
by Ethan S. Braid, CFA | May 30, 2024 | Blog, Investing
Why am I losing money? In my role as an investment adviser, I have the distinct privilege of providing advice to clients who have achieved great success in their respective careers and businesses. Many have degrees from the top universities of the world. ...
