News

Island Light Investment Notes (February 2013)

For want of a nail You know how little things can create major pain? In December, I broke my middle finger playing hockey.  On the scale of illness and injury, mallet finger is a trivial annoyance.  It hardly merits discussion.  It’s a scratch, a nit, a bother.  But my seemingly inconsequential finger break has caused the rest of my hand, body...

Continue reading...

Island Light Investment Notes (January 2013)

All systems go. With the lifting of the debt ceiling, the political class in Washington announced that all systems are go to flood the US economy with supercharged fuel.  The turbos are charged and the engine is revving.  Add a liberal dose of monetary easing along with a dash of conservative reluctance to raise taxes and you have a recipe for short...

Continue reading...

Matt Pierce interview on EPN, Entrepreneur Podcast Network

We thank Eric Dye of EPN, Entrepreneur Radio Network for interviewing us on investment and other topics: Who is Island Light Capital? Who are your typical customers? Why are you different than other advisors and investment consultants? What sort of innovation have you seen with regard to model portfolios being created for various segments of the marketplace? You...

Continue reading...

Island Light Investment Notes (November 2012)

The major economic event in November was also the major political event of the month, the outcome of the US election.  While it is too early to assess the impact of the November presidential election on the economic outlook for 2013, we do know more than we did. This lifting of uncertainty is a positive for global markets, at least until the lame duck...

Continue reading...

Island Light Investment Notes (October 2012)

It is too late to plan for the hurricane when the hurricane is at your door.  Sandy’s aftermath is still being felt by many, particularly in New York and New Jersey, and we pray for those affected.  Those who heeded the warnings, left their low-lying homes and had flood and home owner’s insurance were the lucky ones.  Even those who lost property...

Continue reading...

Michaud Optimization vs. Morningstar’s Encorr

New Frontier Advisors has published an important paper outlining the benefits of Michaud optimization versus Morningstar’s Encorr optimizer. The differences are subtle, but important, and we applaud our friends at New Frontier for their continuing good efforts to advance the state of portfolio construction. Please follow this link to download...

Continue reading...

Matt Pierce quoted on stock market volatility

We’re always pleased to be asked our opinions and we’re not unwilling to share them.  Therefore when Michael Tarsala of Covestor asked our opinion about the US stock market, we told him.  What we say is, we really don’t know in the short term what is going to happen, but we diversify into asset classes that make sense to us given...

Continue reading...

Matt Pierce quoted in RIABiz article about 401(k)

Lisa Shidler of RIABiz asked our opinion about revenue sharing fees in 401(k) plans and how plan expenses are split between participants.  It’s a complicated issue for plans, plan sponsors and RIAs. We recommend that you read the article, “RIAs join move to right a 401(k) wrong: Lopsided plan expenses — a non-DOL issue“. The...

Continue reading...