Bitcoin – Should it be in YOUR portfolio?


As someone who only recently embraced Apple Pay, and who still carries real cash in his wallet, I must admit that I was skeptical when I first heard about “bitcoin”, the digital (or virtual) currency. It’s been around since 2009, which in itself sounds like an eternity in today’s world, but the idea of not having bills and coins in my pocket or paying with a debit or credit card is still hard to imagine. Two years ago in the weekend edition of the Wall Street Journal (January 24-25, 2015 “Review” Section), Michael J. Casey and Paul Vigna wrote a very enlightening and informative article titled “The Revolutionary Power of Digital Currency”. In that piece they stated that “Despite bitcoin’s difficulties, it represents the future of money. Digital currencies will […]

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Time-Weighted vs. Money-Weighted Returns

For a number of years we at Polson Bourbonniere have been providing our clients with rates of return on their investment accounts. Utilizing an industry standard methodology used for years by money managers known as “Time-Weighted Rate of Return”, we’ve been able to compare returns with appropriate benchmarks.  This has been an excellent way for an investor to gauge how their money manager(s) and portfolios have been performing for various time periods such as 1, 3, 5 and 10 years. Starting with investors’ December 31, 2016 year-end statements a “personalized” rate of return will now be included as part of an initiative mandated by regulators known as CRM2.  The purpose of this initiative is well thought out – make both fees and performance transparent to all investors.  We applaud the objective. As […]

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