At Hill Investment Group, we are proud to deliver best-in-class investment reporting to our clients each quarter.  Having had experience with reporting writing software, this is no easy task.

As our clients know, our reports clearly illustrate the vital signs every investor should know – fees, returns and asset allocation.  Well, we’ve decided that’s not enough.  Late last year, we began experimenting with a new tool that will bring all your wealth into the palm of your hand.

So, now you can securely see your real estate holdings, banking assets, and private assets on the web or your phone. Check out the video below.

I’m making personal calls to our clients about the tool, but please let me know if you would like your access accelerated.  And, be sure to ask me about the ability to run a formatted personal financial statement as of any date with the click of a few buttons.

A friend (and client) wrote me recently, “thank you for not emailing me about Brexit.”

The week of the vote, he said he received at least a dozen emails from other financial firms with Brexit analysis.

The impact of Brexit was far less severe than the market pundits would have had you think at the time.

Yes, the Brexit vote did lead to initial volatility in markets, but this has not been exceptional nor out of the ordinary. One widely viewed barometer is the Chicago Board Options Exchange Volatility Index (VIX). Using S&P 500 stock index options, this index measures market expectations of near- term volatility.

You can see in the chart above that while there was a slight rise in volatility around the Brexit result, it was insignificant relative to other major events of recent years, including the collapse of Lehman Brothers, the eurozone crisis of 2011, and the severe volatility in the Chinese domestic equity market in 2015.

As always, the attention turns to the next “crisis du jour”.

Jim Parker reminds us in this pdf of the following:
When news breaks and markets move, content-starved media often invite talking heads to muse on the repercussions. Knowing the difference between this speculative opinion and actual facts can help investors stay disciplined during purported “crises.”

But it’s important to remember, not only must you correctly guess the outcome of the ____, you have to correctly guess how the market will react.

What we do know is that markets incorporate news instantaneously and that your best protection against volatility is to diversify both across and within asset classes, while remaining focused on your long-term investment goals.

The danger of investing based on recent events is that the situation can change by the time you act. A “crisis” can morph into something far less dramatic, and you end
up responding to news that is already in the price.

Journalism is often described as writing history on the run. Don’t get caught investing the same way.

Our friend, Wendy Cook, recently wrote an article called “Why Even I (Especially I) Need an Investment Advisor”.  We think it’s an excellent explanation of why one should hire a professional to help meet important financial goals.  Please read on for the whole text:

Hire an Adviser or Do It Yourself? If ever there were a promising candidate for a DIY approach, it would be me.

That’s not always been so. When I embarked on my investment journey around 1990, I was just a typical investor about to enjoy a tech-boom-fueled run in the markets. Then, in 1998, I happened to accept a position at Buckingham Asset Management, where I was introduced to a new way to invest. I’d written about healthcare, libraries and pet care products. Why not finance? I knew as much about investing as the next person.

Which is to say, I knew nothing.

In what turned out to be one of the luckiest breaks in my life, I heeded the advice of my new employers and shifted my scattered stocks into a portfolio of Dimensional Fund Advisors funds. I didn’t really know why, but to be a team player, I took a leap of faith.

Then that tech bubble burst and, boy, did I learn fast how lucky I’d been to have placed my blind faith where I did. Not only did I happen to sell at the height of the bubble, but I was relatively protected when it blew up. Plus, I got to do some tax-loss harvesting, so I paid almost no gains on the transformation. Suffice it to say, I’ve never looked back.

Since then, I’ve learned a lot more about the whys and wherefores of my actions. What began as beginner’s luck has matured over the years into the deepest appreciation for the science and wisdom of evidence-based investing. From my personal experience as well as the many tales I’ve been privy to in my day job, I know that, compared to any other strategy … well, there is no comparison.

So these days, I’ve got way more understanding of the science of investing, with way more disciplined decision-making capabilities and way better abilities to spot a financial pig in a poke. I’ve also seen the intricacies of portfolio management first-hand, with sufficient working knowledge to go DIY if I had to – especially with today’s automated robo-advisor services to help with the heavy lifting.

Still, I won’t do that. In fact, the more I learn about investing, the more comfortable I am paying for the advice that I know I still need. Here are a few reasons even a sharpshooter like me should not hit the trails by herself:

Me and My Brain – Knowing about my behavioral biases doesn’t immunize me against them. When the financial you-know-what hits the fan, I value having an evidence-based adviser as my dependable sounding board, to confirm that I’m remaining rational … or to let me know if I’m not.

Me and My Education – Since I first discovered evidence-based investing, that evidence has refused to sit still. If anything, its pace has only quickened as new, seemingly credible possibilities augment existing insights and spur off in intriguing directions. To help separate the substance from the senseless distractions, I collaborate with my adviser (and his advisor community) as I consider what to make of the news. Otherwise, circle back to the first point: My brain is always trying to play expensive tricks on me.

And all this is before we even get to the many second-opinion questions I pepper the guy with, on everything from our estate plans, home mortgage and insurance coverage to whether he happens to know a good criminal lawyer for a friend of mine whose son got in a bit of a tight spot.

Me and My Family – My poor husband. Through vicarious absorption, he’s had to learn way more about investing than he’d probably prefer. But if that proverbial bus were to suddenly call me home (and the way I drive, that’s not such a stretch), I feel so much better knowing that all he has to do on the financial front is to call Phil. I would like my family to miss me for my good company, my good humor, and maybe my good cooking – not for my ability to manage a mean trade sheet.

Me and My Time – Which brings me to my last point. Even if I could do all of the above on my own, my long run as a disciplined evidence-based investor has left me in the fortunate position that I can afford to pay Phil to do it instead. Frankly, I’d rather be writing and leaving the nitty-gritty portfolio management to somebody else. Thanks, Phil!