We Are Hiring Posted on May 9, 2017 By Matt We are hiring a Wealth Management Associate for our Cleveland office. That is a pretty broad title, but what we’re looking for is someone with an accounting or finance undergrad and has or is pursuing a CPA or CFP license. The position will support our lead advisors in providing wealth… Read more
Due Diligence Settling for Average Posted on April 13, 2017 By Matt Settling for Average Capital Group is pushing back hard against the passive investing crowd. They make the case that some basic screens (low expenses, manager investing in their own fund, etc) can reveal good managers. I agree with that. The screens I use at Fairway are kind of hilariously basic… Read more
Fairway Harvard’s Endowment Posted on October 5, 2016October 5, 2016 By Matt Fairway’s third quarter commentary has been published. Keeping up with the Joneses has distracted Harvard’s endowment from its true mission. Here is some background on what happened: First, the actual endowment report. Harvard lost 2% over the last year, driven into the ground by what I call conspicuous sophistication. The… Read more
Due Diligence Carnival Barkers Posted on January 29, 2016April 13, 2017 By Matt “Step right up, folks! Hurry! Hurry! Hurry! You are mere moments away from learning a secret so massive, it could undermine our very way of life! Please move in closer so everyone can hear! Tell your family! Tell your neighbor! Act now and I’ll throw in a free American flag,… Read more
It’s Forecasting Season Posted on December 9, 2015 By Matt From the Fairway Wealth Management Blog: As the leaves fall from the trees and the temperature starts to drop here in Cleveland, I am reminded that forecasting season is right around the corner. The same people who predicted $200+ oil, hyper-inflation, and multiple Federal Reserve rate hikes for 2015… Read more
3rd Quarter Commentary Posted on October 6, 2015 By Matt This year’s market movements are not unexpected nor are they out of the ordinary. The S&P 500’s average return is about 10% with an average drawdown of 14% sometime during the year. Many pundits called for a correction (stock market drop of 10% or more) this year and were lauded… Read more
Fairway Taking Paper Losses to the Bank Posted on September 10, 2015 By Matt You are probably aware that August was an eventful month for stocks – in a bad way. The S&P 500 was down 6.03% bringing year to date returns to -2.88%. A diversified portfolio would have cushioned against the drop somewhat, but allocations to Emerging Markets and Commodities hurt returns. The… Read more