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RESOURCES

Welcome to the Resource Blog! 


Here you will be able to find communications from the RIM team as well as helpful resources and articles.

My "Why" Thumbnail

My "Why"

This job allows me to use my skills to serve a great group of clients, while building my own business and living in one of the nicest places in the world.

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2020 4Q Market and Economic Outlook Thumbnail

2020 4Q Market and Economic Outlook

While political and economic trends matter, they are always changing. The price paid for an investment today discounts all earnings from that investment into perpetuity. Price paid is the most important factor for determining investment return. Last quarter, I shared a chart from Advisor Perspectives showing the S&P 500 at very high levels according to four long-term valuation methods. This chart bears repeating as the fourth quarter saw a significant expansion of valuations. What I find striking is that the rapid bear market last March still left stocks at among the richest valuations over the last twelve decades. The spike up off that (not) low level over the last several months has few historical corollaries.

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Wildfires Causing Disruption in California Insurance Markets Thumbnail

Wildfires Causing Disruption in California Insurance Markets

Recent wildfires have seared the property insurance market for some homeowners and businesses in the Golden State. According to the California Department of insurance, in 2017, for every $1 of premiums collected for homeowner’s insurance coverage, $2.01 was paid in out in claims, a loss ratio of 201%. In 2018, the loss ratio was 170%. This number does not account for administrative costs, including commissions, so the real damage is considerably worse. For reference, insurance carriers generally prefer a less ratio below 50-60% so they can still turn an underwriting profit after adding in administrative costs.

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