Todd Schanel, CFA, CPA, CFP®

investing-retirement planning-wealth management-financial advisor

Investing versus Speculating

When it comes to determining how to allocate your savings, what is the difference between investing and speculating? Investing is characterized by: Productive capacity: An investment involves deploying capital in a company, property, or other entity that produces something of value. A stream of benefits: The value produced by an investment can ultimately be measured…

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The SECURE ACT’s “10-Year Rule” for Inherited IRAs

On Friday, December 20, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was signed into law.  The broad intent of the legislation is to make it easier for families to save more for retirement, but it also includes several unfavorable provisions intended to offset the loss of tax revenue likely to result…

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What is Tracking Error Regret?

A central tenet of our investment philosophy is diversification. Furthermore, we advocate for “real diversification”, which means owning thousands of stocks in companies of all sizes (large and small), geography (U.S. and non-US) and investment style (value and growth).  This type of diversification represents the only “free-lunch” there is in investing. But real diversification also…

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Investing in Publicly Traded Equities vs. Direct Real Estate (Part 2)

In Part 1 of this series, a brief list of the advantages and disadvantages of investing in publicly traded equities vs. direct real estate was provided.  In this article, I will try to more directly answer the question, “which is better, stocks or real estate”? First of all, that is probably the wrong question to…

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