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2nd Longest Expansion

2nd Longest Expansion.PNG

Marginal Tax Rate for Income in 2018

Marginal Tax Rate for Income in 2018.PNG

Starting Yields Highly Correlated with Five-Year Total Returns

Starting Yields Highly Correlated with Five-Year Total Returns.PNG

Yield per Unit of Duration 1996-2016

Yield per Unit of Duration 1996-2016.PNG

Asset Location Priority List

Asset Location Priority List.PNG

Bear Market

Bear Market.PNG

Bear Market Facts

Bear Market Facts.PNG

Global Value Factor Drawdown 1990-2017

Global Value Factor Drawdown 1990-2017.PNG

Global Value Factor Valuation Spread 1990-2018

Global Value Factor Valuation Spread 1990-2018.PNG

All World Cap Weighted Portfolio 1980-2018

All World Cap Weighted Portfolio 1980-2018.PNG

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