Opportunity Knocks?

The 2017 Tax Cuts and Jobs Act created a tax incentive for Qualified Opportunity Fund (QOF) investors in order to promote investment in specified Qualified Opportunity Zones (QOZs). Though the basic provisions of the tax incentive are known, the rules remain unclear and regulatory risks persist. 

ACG examines the tax benefits, rules and regulations, and the social costs/benefits of investing in QOZs.

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Inflation Is Quite Misleading on Average

More subtle than shocks to growth or interest rates, inflation is often an underappreciated risk to portfolios.  Inflation becomes a problem when it is unexpected or very high, with negative implications for consumers, business, and markets.

ACG illustrates the complications of measuring inflation, the role, history, and approach of the Federal Reserve, and investor strategies going forward.

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Non-US Equities

Non-U.S. equities have significantly underperformed U.S. equities recently.  Is this likely to continue?  Should investors continue to allocate to non-U.S. equities? 

ACG examines several factors that have contributed to U.S. equity outperformance and what these imply for continued outperformance going forward.

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Long-Term Investing – It’s Not Always Easy!

With the expectation of enhancing wealth through time, investing is a long-term exercise.  Given human nature, investors of all levels of sophistication spend a great deal of time and energy focused on short-term events and outcomes.

ACG discusses why adopting a long-term investing approach is one of the few real edges any investor can hope to exploit.

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