16 Things I’ve Learned in the Last 16 Years

Last year at this time, I wrote a note titled, 15 Things I’ve Learned in the Last 15 Years. Below is an updated list for my 16th year as a financial…

Dec 12 • Jonathan Swanburg

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Earnings, Not Headlines, Drove the Market This Year

If you ask someone why the stock market went up this year, you’re likely to hear a lot of theories: the President, the Fed, bubbles, or the Illuminati.

Dec 5 • Jonathan Swanburg

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November 2025

What a Tailless Puppy Taught Me About Thanksgiving

We are currently fostering a mom dog and her five puppies.

Nov 27 • Jonathan Swanburg

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The Outlook Is Better Than the Headlines Suggest

We updated our core models this week.

Nov 21 • Jonathan Swanburg

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The Art of Spending Money

Most financial books will try to tell you how to accumulate money.

Nov 14 • Jonathan Swanburg

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The Pullback That’s Always Coming

Wall Street CEOs Flag High Market Valuations, Pullback Risk

Nov 7 • Jonathan Swanburg

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October 2025

The Scary Side of Shorting Stocks

A client recently asked me why we don’t short stocks that are “obviously overpriced” so we can profit when their prices fall.

Oct 31 • Jonathan Swanburg

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Before You Convert to a Roth, Check the Math

If you are in or approaching retirement, you have probably heard about Roth conversions.

Oct 24 • Jonathan Swanburg

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Not Every Boom Is a Bubble

It seems like most investors I speak with define a market bubble as an extended period when valuations go higher, despite their gut feelings (and…

Oct 17 • Jonathan Swanburg

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When Diversification Isn’t What It Seems

“The four most dangerous words in investing are: this time it’s different.” – Sir John Templeton

Oct 10 • Jonathan Swanburg

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The Illusion of the Perfect Chart

Regardless of what story you are trying to tell, there is a chart that supports your case.

Oct 3 • Jonathan Swanburg

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September 2025

A Good Reason For Stocks to Go Higher

For this week’s note, I switched up the format and recorded a quick video reviewing two slides on the topic of US earnings growth.

Sep 26 • Jonathan Swanburg

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