Why some advisors have a problem with the new Fiduciary Rule developed by the DOL, and why we champion it at Grubman Wealth Management.
The Vanguard 500 Index fund has strongly outperformed the majority of managers for most of the past 40 years. Here’s how Grubman is aligned with Vanguard, and how we differ.
“Is buying a home a good investment?” This is one of the most common questions we get in our business. That’s not surprising, since a home is most people’s largest single asset, and so many of our clients live in the hot San Francisco Bay Area real estate market, where price appreciation has been in the double digits for several years. The answer to this question is rarely simple, but in most cases, buying a home is a good investment because of the intangibles—joy, stability, pride—it provides to its owner. However, it’s important to maintain grounded financial expectations, whatever youRead More
When you’re in the market for a financial advisor, you want to find one that’s going to be a perfect fit for the long run. Your relationship with your financial advisor is key to your financial health, success, and peace of mind. At Grubman Wealth Management, we are keenly aware that a good client-advisor relationship is crucial for long-term success. We invite you to interview us before you commit to our services. And even if we do not turn out to be the right fit, we are happy to provide some guidelines for choosing a financial advisor. Here are aRead More
There’s an experiment I love to use to explain why Grubman Wealth Management practices passive management as an investment philosophy. When a group of people is shown a large jar of jellybeans and asked to guess how many jellybeans are in the jar, it’s rare that anyone nails the exact number. Some people will guess wildly high, some wildly low. Yet, if you aggregate all of the guesses and average them out, you will usually arrive at a pretty accurate number. A crowd of guessers is consistently more accurate than individuals. The same is true for investment strategy. While theRead More
No one can argue with Warren Buffett’s investment prowess. He’s known as the most successful investor in the world, a businessman and philanthropist who is currently the third wealthiest person on the planet. Many people think of Buffett as an active investor who succeeds by picking the best stocks, but I disagree. What Buffett does is actively influence the success of the companies he supports through board seats and management influence. He limits his investments in companies to those industries he understands. Buffett’s success results from his business skills, not his ability to pick stocks. He endorses passive investing, andRead More