is a SEC registered investment advisory based in Princeton N.J. Formed in 1999, we manage stock, bond and balanced portfolios for individuals, trusts, retirement plans, and corporations.
under management, we work directly with clients to determine an appropriate investment regimen – coordinating wealth maximization with risk tolerance and long term goals.
Quarterly, we provide a review of portfolio activity and the investment environment to each client. You can find generic versions of all of them here.
Periodically we contribute articles to various media outlets to help readers avoid financial pitfalls. You can access all of them here.
Tom Byrne has been an important thought leader in NJ governmental circles for decades. Check out his latest comments - and some old ones.
This was supposed to be the quarter in which the Federal Reserve raised interest rates and put a lid on the stock market rally. Well, the Fed did raise rates. But they can only control short-term interest rates, not long-term rates. And remarkably, long-term rates fell to new lows for the year despite the Fed […]Continue Reading
The S&P 500 Index peaked at 1552 in the year 2000, and after the tech crash, got back to 1576 at the top in 2007. Recently this index briefly touched 2400 – over 50% higher than these previous highs. In early 2009, fear was rampant. Now those prices look incredible. The good news is that […]Continue Reading
Property taxes in New Jersey are the highest in the nation. Since 2000, they have doubled and have risen at over twice the rate of inflation. No wonder people are forced to move; no wonder we have the highest foreclosure rate in the nation. Property taxpayers suffer because raising this tax is the path of […]Continue Reading
It was a profitable year. It didn’t start that way. We endured the harshest January in years and then Brexit before the market turned upward after the presidential election. So we rode a bull, but it was a bit like a mechanical bull that did its best to throw you off. It was also a […]Continue Reading
The year got off to a tough start for us and most active managers, but we have held our own relative to the market since. The market can be remarkably counter-intuitive. Corporate earnings have actually retreated a bit. Interest rates have moved slightly higher. The quarter exhibited some nervousness around the presidential election. Commodities remain […]Continue Reading
This quarter was all about Brexit; the market moved more in both directions shortly after that vote than it did during the rest of the quarter. Until that referendum, the S&P 500 Index was up a modest 2.6% for the quarter. Then the world changed. The question is how much. The market dropped to three […]Continue Reading
This year got off to a frightening start as the stock market fell sharply and steadily from the opening bell through January 20. By key measures, the only other times the market was this volatile at the outset were in 1932 and 2009. While those years were moments of historic financial stress, presently our economic […]Continue Reading
This year was basically a long ride to nowhere. After six good years, the stock market gyrated in part because investors spent much of the year fretting about a modest hike in interest rates and slowing earnings growth. The S&P 500 Index provided a total return of 1.37% but that number masked the bigger picture. […]Continue Reading
The pension crisis has been a conveniently ignored time bomb in New Jersey, but now we are about to light the fuse. A legislative committee just approved a ballot referendum to constitutionally mandate extra spending of over $3 billion now and $6 billion by 2023 on pension contributions – without identifying any source of that […]Continue Reading