After a decade of strong performance, early-stage and growth companies have faced significant challenges since early 2022. These challenges include rising interest rates, reduced exit activity, and falling valuations. To illustrate the shift from a bull to a bear market for VC-backed companies, consider the following two charts. The first… Read More
Readers may be surprised to know that in the process of interviewing clients to work with our firm, we often encourage them to continue self-managing their investments. While it is beneficial to any business to onboard more clients, people who are legitimately equipped to do it themselves can have success… Read More
In setting out their election platforms, both Democrats and Republicans want to address housing affordability, which has become a hot-button issue for US voters. Two and half years of tight monetary policy has left potential homebuyers unable to afford a new property and persuaded potential sellers that they should sit… Read More
This week’s article discusses what to do with cash balances that have become unwieldy, something we’ve started to notice a lot more frequently with investors. Frankly, the significant increase in money on the sidelines due to attractive risk-adjusted returns from cash equivalents has been a pain point for many financial… Read More
Back in 2000, when technology stocks hit the wall, one of Gavekal’s first clients told us: “It’s OK. Bear markets serve an important purpose: they return capital to its rightful owners.” Behind this cynicism lies an inherent truth. Bear markets do tend to shake out “weak hands,” clean out retail… Read More
This week’s newsletter is highlights our latest podcast, one of Evergreen Gavekal’s wealth advisors Kaeli Kaainoa, CFP® & CEPA, sits down with our most recent addition to our team, Melissa Hilty, an attorney with an LLM in Taxation and over 15 years of experience with the IRS. They discuss her… Read More
The Space Race that ignited during the mid-20th century was not merely a competition for national prestige; it was a catalyst for innovation. The successful launch of Sputnik 1 by the Soviet Union in 1957 marked the dawn of the space age and triggered an unprecedented surge in scientific and… Read More
This week’s newsletter features a presentation by Evergreen’s Co-Chief Investment Officer, Jeff Dicks. He reflects on the third quarter of 2024 and reviews the investment committee’s market outlook in 34 charts. In addition to these insights, Jeff also discusses key themes to pay attention to for the remainder year. Read More
Modern welfare states need economic growth to keep their show on the road. The ever-rising costs of pensions, of health care and of maintaining crumbling infrastructure all necessitate rising tax revenues. And rising tax revenues typically depend on economic growth. In turn, economic growth is generated either by population expansion… Read More
Imagine a seamless transition from the burdens of property management to a diversified portfolio, all while maintaining your passive income stream. The 721 exchange program offers real estate investors a unique opportunity to reallocate their assets into more varied investment vehicles without triggering immediate capital gains taxes. This solution not… Read More
