Musings.

Musings

The world, the economy, the markets, and our lives are dynamic. Events can have a large or small impact on us. They can create excitement, cause fears, raise questions, and spark insight.

Listed here are our most spontaneous, timely, and succinct comments on wealth, life, and more.





  • October 29, 2010 - Advance estimate for second quarter GDP shows 2% annualiz

    Advance estimate for second quarter GDP shows 2% annualized growth, matching consensus expectations. In the same release the US Bureau of Economic Analysis shows price levels rose 2.3%, creeping toward inflation. Econoday



  • October 29, 2010 - Regardless of your university education plans for your ch

    Regardless of your university education plans for your children, a good benchmark to begin a cost analysis for most Hawk100 members (typically Ohio residents) is full-time undergraduate tuition at The Ohio State University. Most recent tuition data from the university registrar indicate undergraduate programs cost between $8709 and $13602 per year. That figure excludes the cost of texts, food, lodging, dating, sororities, and football tickets. For the complete table of enrollment tuition since 1999.



  • October 28, 2010 - With "Beggars Night" celebrated in many communities acros

    With "Beggars Night" celebrated in many communities across the land, you may be concerned for the safety of your children and your neighbors' children. Don't worry. Be happy. Thanks Bobby McFerrin for those words and Lenore Skenazy for this WSJ opinion. 'Stranger Danger' and the Decline of Halloween



  • October 28, 2010 - Was that a chicken or an egg? The College Board report

    Was that a chicken or an egg? The College Board reports that college tuition rose this year, but that burden was eased by increased federal grants to students. Any economist worth the weight of an Econ 200 text would expect these items to rise and fall together. The price of education (as with any good or service) is determined by the interaction of supply and demand. With supply relatively fixed, the elasticity of demand has predominantly affects price. Demand is set by how willingly and ably consumers part with money from their pockets and pillowcases. The student has constrained pockets and pillowcases and without a Pell Grant, the student would only accept a lower price. The Pell Grant subsidy thereby only enables universities to charge a higher price than consumers would otherwise tolerate. Too bad for the students who don't qualify for Grants. They have to pay full list price else forgo their educational aspirations. Tuition, Pell Grants Rise in Tandem (WSJ) Email us to comment.



  • October 28, 2010 - A Coverdell Education Savings Account (ESA) is an educati

    A Coverdell Education Savings Account (ESA) is an education saving option that allows tax advantaged distributions for qualified primary and secondary education. Compared with other saving options, an ESA is beneficial for this specifically targeted, shorter term planned expenditure.



  • October 27, 2010 - 529 plans are effective college savings vehicles for many

    529 plans are effective college savings vehicles for many families, and they align particularly well with in-state public institutions. Wealthy families desiring a higher educational aspirations may discover constrained options with 529 plans. Hawk100 helps families align their wealth to attain those aspirations. Spread your wings and help your children learn to fly.



  • October 26, 2010 - Morningstar named its annual list of the best 529 plans,

    Morningstar named its annual list of the best 529 plans, listing Ohio's CollegeAdvantage among the top. Most plans are improving, but some still have work to do, says Morningstar.



  • October 25, 2010 - US dollar drops to 15-year low against yen after the G20

    US dollar drops to 15-year low against yen after the G20 finance ministers met in Seoul in the exact setting where Hawk100's president met with global investment industry leaders February 2010. WSJ reports



  • October 22, 2010 - Peggy Noonan is back on track this weekend.

    Peggy Noonan is back on track this weekend. Tea Party to the Rescue (WSJ)



  • October 21, 2010 - Yesterday, Hawk100 presented "Aligning your investment op

    Yesterday, Hawk100 presented "Aligning your investment options in volatile markets" to an audience of 50 members of a professional accounting association. If you wish to arrange for Hawk100 to make this presentation for you or your audience, Email Hawk100



  • October 20, 2010 - CFA Institute has published an investment planning guideb

    CFA Institute has published an investment planning guidebook for individuals. Elements of an Investment Policy sets forth the general areas and topics that investors should consider when writing their own plan or when working with an advisor who is responsible for their plan.



  • October 12, 2010 - Financial markets have been relatively calm of late. The

    Financial markets have been relatively calm of late. The jury is still out whether this is the pause before more growth or whether it signals a top.



  • October 08, 2010 - 96000 more people standing in unemployment lines. This i

    96000 more people standing in unemployment lines. This is perfectly consistent with expectations following three years of the Fed dusting off depression-era policies. Meanwhile, stocks have risen above 11,000, likely on expectations of continued monetary stimulus. Read the WSJ report here.



  • October 06, 2010 - My friend and colleague and present chair of the CFA Inst

    My friend and colleague and present chair of the CFA Institute Board of Governors, Marg Franklin, CFA was recently featured in a wonderful write-up by the Globe and Mail. A cornerstone of trust Email Hawk100 to comment.



  • October 05, 2010 - Ambivalence affects decision making. Lacking ambivalence

    Ambivalence affects decision making. Lacking ambivalence can lead to rash decisions, sometimes for the worse, but excessive ambivalence can lead to procrastination and indecisiveness which can be equally problematic. Like the tightrope walker, effectively balancing decisiveness and ambivalence can empower decision making particularly in investment management. An effective investment process prevents rash, ad hoc actions but enforces decision points that avoid infinitely paralyzing the process. Why So Many People Can't Make Decisions (WSJ) Email Hawk100 to comment.



  • October 01, 2010 - Finally, a sensible explanation arrives to attribute a ca

    Finally, a sensible explanation arrives to attribute a cause of the May 6 "Flash Crash." It was that nasty algorithm used by my friends at the Kansas City CFA Society, Waddell & Reed. What took moments to occur took months to investigate. Algorithm Set Off 'Flash Crash'... email Hawk100 to share a comment



  • October 01, 2010 - After reading the article referenced below, we are curiou

    After reading the article referenced below, we are curious if you think the riches arrive mostly due to hard work or due to good fortune. Email Hawk100



  • October 01, 2010 - Do wealthy people work harder than everyday professionals

    Do wealthy people work harder than everyday professionals and laborers? "The Wealth Report," a WSJ Blog delves into the work habits of the rich. Do the Rich Work Harder? (WSJ)