April 2012: Thoughts on Saving, Then Investing

Dear Clients and Friends,

Spring is finally here! Hopefully that means the rain will end in the San Francisco area. At least the stock market performance has been sunny!

Over the past few years, I've written a lot about investment strategy. I've talked about bonds: Bonds are the New Black (Oct 2010), inflation: Inflation Expectations and Portfolio Construction (July 2010), risk: Thoughts on Risk (July 2011) and bear markets: Investing in a Bear Market (January 2012). These are important topics and I want to be sure that clients understand the Why's of how their portfolios are constructed. But over the next several quarters, I'll be turning my attention to the financial planning side of the relationship. At Bootstrap Capital I offer two basic services: financial planning and investment management. Client interactions often focus on one or the other, but I strongly believe to address your total financial life, you need to focus on both. And whenever I start to talk about financial planning, I like to start with one of my favorite topics: saving money.

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