SHEARWATER CAPITAL

A bear market is defined as a 20% drop from a recent high in the stock market. Most major stock markets in the U.S. and around the world ...

When Shearwater Capital was founded in 1999, most financial advisors were recommending actively managed funds with exorbitant annual expe...

A fundamental principle of financial economics is the idea that risk and return are inextricably linked. However, when it comes to invest...

“What’s the stock market going to do?” If you have read our past newsletters, you know that we are not market prognosticators. It is diff...

Since 2012, the stock market has demonstrated below average volatility and positive returns, potentially lulling investors into a false s...

The time value of money is the concept that a dollar today is worth more than a dollar next month, next year, or ten years from now. This...

Socially responsible investing refers to an investment strategy that considers the potential impact of your investments on society in additi

Why do we invest in stocks? Stocks are risky. Why not just buy U.S. treasury bonds and get a guaranteed rate of return backed by the full...

We recommend building your retirement assets by contributing to three separate “buckets” of money: 1) traditional retirement accounts; 2)...

We recommend building your retirement assets by contributing to three separate “buckets” of money: 1) traditional retirement accounts; 2)...

Academic research has shown that there is little predictability in asset class performance from one year to the next. To illustrate this ...

In constructing our client portfolios, we rely primarily on DFA funds, for both equity and fixed income securities. While most of our cli...

Vanguard recently published a white paper on “advisor’s alpha,” in which they discuss and attempt to quantify the value an investment adv...

Two of the most common questions people ask about retirement planning are, “How much should I save?” and “Am I on track with my accumulat...

Shearwater Capital was founded 14 years ago on a simple premise: offer an investment approach based on the best available evidence from a...

The main goal for most investors is to save for a comfortable retirement. While each individual’s retirement planning strategy should be ...

As an investor, you can choose between active and passive investment management. Active management is an attempt to beat the market avera...

Behavioral finance is the study of how biased thinking can impair our ability to make good investment decisions. It helps to be aware of ...

With interest rates near historical lows, many investors are concerned about their fixed income investments. Not only are bonds offering ...

Shearwater Capital was founded by Eric Malden and me in 1999, while we were classmates in the Executive MBA program at Washington Univers...