Why Courage Miller Is Different

on May 22, 2018 Comments Off on Why Courage Miller Is Different

One of the questions we field from prospective clients is, “why you?”

We get it. We understand that it can be difficult to distinguish between financial advisors and why you should choose one advisor over the other. So when we say we’re you’re partner, here’s why:

  • We believe that a partnership requires open communication about the details of your life that makes your story unique.  To truly understand the dreams and goals of our clients, we must be dedicated and focused on listening to your story.
  • Our foundation in service is built upon delivery of services based on your needs.  Hard work is at the core of everything we do. We pride ourselves on our dedication to service, and we strive everyday to embody the motto of our founders’ alma mater, Virginia Tech, “Ut Prosim” – That I may serve.
  • We established our business as an independent fee only registered investment advisor. Our goal was to remove conflicts of interest that exist by being paid commissions for selling products. As a result we strive to deliver independent guidance and exceptional service for our clients.

We have been honored over the years to serve clients with their diverse financial needs. We work with families and individuals on their personal finances, foundations and trusts on their institutional investments, and small businesses on their retirement plan needs.  We strive to build trusted relationships, so that you are able to focus on things that are more important to you such as your family and career. We focus on serving with 4 major principles: Honesty, Transparency, Dependability, and Continuous Improvement.

To find out more about why we’re different, let’s talk.


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Jase TeamWhy Courage Miller Is Different

How To Weather The Next Market Correction

on May 8, 2018 Comments Off on How To Weather The Next Market Correction

We generally get lulled into a steady and comfortable growth in the markets for a period of time with very limited market volatility and when the market corrects, we are not prepared. Market corrections are not only expected, but you should be comfortable with them occurring more frequently.

It is the volatile times in the markets when courage to maintain your investments is rewarded. Those most hurt are investors that are driven into irrational decisions to join in the panic and sell after the market has already moved so significantly. Strong portfolio construction and investing with a clear perspective that it is for the long term will prove beneficial. Here are some specific aspects to consider in markets and portfolio construction:

Length of correction

When a 10% correction occurs, it can take 3 months or more to see the markets recover to pre-correction levels. A 20% correction occurs less frequently but can be expected every several years. Because of the magnitude of a 20% correction, it can take a year or longer to have full recovery, but they have always recovered.

Corporate Valuation

The stock market is an auction, and unlike a traditional auction, the price is based on the foreseeable future value for the business. Unfortunately, if there is concern that a company will be less profitable in the near term, their market price is negatively impacted. While this does not mean the company will be closing its doors, the near term view pushes their price down. It is the near term valuations that drive market volatility. Remember to remain focused on the long term.


The US economy is strong and continues to grow.  There is currently no anticipation of a recession in the US. While growth has not been at a significant pace, a 2% annual growth in the US adds over $350 billion in growth which is more than the total economy of many countries including Austria, Finland and Denmark.

Portfolio Construction

Your portfolio should be allocated across a number of asset classes with the goal of producing a consistent long term rate of return. A global allocation blends investments from around the world with diversification into many individual investments within each asset class. We believe the portfolio should include an emphasis on the largest companies in the world. It is difficult to imagine why Apple, Google, Sony, Volkswagen, Samsung, Coca-cola, Pepsi, etc. do not make sense to own for the long term. Additionally, the diversification prevents any single company from negatively affect the performance of the total portfolio.

Interest Rates

With interest rates at tremendously low levels, we believe that you should be cautious in the average maturity to protect against rising interest rates.  The FED has been raising rates recently and there has been discussion about increasing inflationary pressures which would indicate additional increases in rates.

A prudent approach to portfolio construction and focus on long term investing is the best process to follow. To learn more, contact our team. We’re here to help!


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Jase TeamHow To Weather The Next Market Correction