Category: Uncategorized

Summary: The scale of the upcoming mega IPOs is unlike anything we’ve seen before. Some index providers have rewritten rules to fast-track their inclusion. In contrast, certain systematic investment strategies intentionally exclude recent IPOs until lockup periods have expired and data is reliable; this approach helps avoid a drag on returns as newly listed stocks…

We build multi-decade financial projections for each of our clients to help quantify the long-term impact of near-term decisions. Doing so requires us to make long-term assumptions for equities, fixed income, and inflation. There are numerous methodologies for calculating return assumptions; each carries its own trade-offs. Some use forward-looking market prices to develop short to medium-term forecasts, which…

Nobody enjoys writing a check to the IRS or state tax authority when filing their annual tax return, but having to do so isn’t necessarily a bad thing. In fact, when viewed from a purely financial perspective, it’s typically a good thing. First, an over-simplified primer on the US tax process: during each calendar year, a…

I am excited to announce that John Morrison has joined Geometric as our Chief Investment Officer (CIO). As Geometric has grown, the need for a dedicated CIO has become apparent – our clients and team deserve a full-time, talented leader in this seat. That said, replacing myself in this role was difficult. To say I hold our…

With the U.S. stock market dramatically outperforming the rest of the world over the past 16 years, it would be understandable to question whether one should invest internationally at all, let alone allocate a significant portion of their portfolio to international stocks. First, the data on that (rather dramatic) outperformance: July 2008 – October 2024 Annualized…

By managing all of a client’s accounts as a single, holistic portfolio, we’re able to implement a strategy of tax-efficient fund placement (also known as “asset location”). This technique is especially valuable for high-earners in high marginal tax brackets. Because certain asset classes are more tax-efficient than others, two portfolios with identical pre-tax returns can experience…

We recommend that everyone have a specific plan to manage the cash balances in their bank accounts (“cash plan”). At Geometric, we work with our clients to create such a plan at the start of every new engagement. A good cash plan both (a) ensures that clients maintain enough cash and (b) creates a discipline for…

Earlier this year, Gerard O’Reilly (former rocket scientist and current co-CEO of Dimensional Fund Advisors) was interviewed on our favorite investing podcast, Rational Reminder.  Gerard is obviously brilliant, but he’s also one of the best communicators in the investment world. For those interested in a deep dive into Dimensional’s methodology, the evidence supporting it, and why we…

With inflation in the headlines, some might be wondering about its impact on their portfolio or overall financial situation. First, we shouldn’t accept the assumption that “high inflation is here to stay,” despite how prevalent that assertion seems to be these days. We at Geometric don’t make predictions about inflation (or anything else), but the market…

We are thrilled to introduce two new members of Geometric’s team, Trevor Sarif-Killea and Julie Higgins. Trevor Sarif-Killea joins us as a Wealth Advisor. With prior experience at BCG Los Angeles (2016-2018) and in strategy for the Mount Sinai Health System, Trevor is familiar with the careers and needs of our clients. Based in NYC, Trevor and his…