Don't Try to Beat the Market
You often can't, and if you try, you will have to pay for it. Instead, invest in passive indexes to take what the market gives you.
A Smart, Simple, Sustainable Way to Save
We're an independent registered investment advisor. We believe everyone should be able to achieve financial independence.
Our Philosophy
Manage Your Risk
By diversifying across asset classes both risky and safe, our clients take advantage of the only free lunch in finance: effective portfolio diversification.
Give Tax Its Due
Wealth compounds at greater rates when taxes can be avoided or deferred, yet most investors don't take advantage of this very basic advantage.
Reduce Fees
Maximize your allocation to low-fee funds and managers, and avoid commissions and asset churn. Saving these fees over time can substantially increase wealth.
Fieldnotes
Thoughts on the markets and the economy. Sign up to receive our original research, forever free.
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Misreading History
Herodotus, Thucydides, and Xenophon on the Importance of Alliances
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The Uncertainty of War
The Iran War Is Complete. Also, the Iran War Continues
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The Most Important Thing, Part II (2026)
Is to Know What You Own, and Why You Own It
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We Have Always Been at War with Westasia
Every President Needs a Splendid Little War
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The Most Important Thing, Part I (2026)
Is Knowing What's Priced In
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Quo Usque Tandem
How much longer must we endure the abuse of power?
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There are only two portfolios: Roadstead and Whaleroad
We find the right balance for you
At the end of the day, three questions matter: How much can't you afford to lose, how much do you need, and when do you need it? The answers determine the size of your safe-haven allocation relative to your risk-seeking allocation.
Roadstead is the safe-haven portfolio. It is not riskless. It holds less credit-risky fixed income, such as obligations of developed-country governments, including the United States and the Federal Republic of Germany.
Whaleroad is the risk-seeking portfolio. It holds highly liquid, publicly traded equities managed by cost-efficient managers who also manage funds for the world's largest investors: large-, mid-, and small-capitalization stocks in developed markets, real estate investment trusts, developing-market equities and government obligations, and industrial and agricultural commodities.
ESG-informed investing
Incorporating non-economic factors
"In the long run, we are all dead," wrote John Maynard Keynes. Today that same realism justifies using investment dollars to vote for the responsible use of capital. Where ESG-screened funds are available and do not unnecessarily disadvantage a client, Goodstead selects those over others. That rewards companies with a demonstrated commitment to environmental stewardship, human and labor rights, and accountable corporate governance.
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Contact Us
It is never too early, or too late, to get started. Tell us about your goals, and we will get you started on a plan to achieve them.
Hours
Monday–Friday
9:00 am – 5:00 pm