Brian Kozel

About Brian Kozel

Brian Kozel, CFP® is Partner and Lead Advisor at North Berkeley Wealth Management.

Debt Ceiling Déjà Vu

By |2023-06-02T14:13:19-07:00May 26th, 2023|

We recognize that the debt ceiling is a negotiation, and classic public negotiation tactics should be expected. While headlines can make it tough to find reasons to be optimistic, it’s helpful to look to the historical patterns of similar negotiations to put current events into context.

Straight-Line Thinking

By |2023-05-12T15:47:08-07:00April 28th, 2023|

It is human nature to assume the present landscape will continue unchanged. This straight-line thinking can impede our ability to make decisions about a future that is constantly in flux.

When Credit Gets Crunched

By |2023-05-05T16:24:30-07:00April 21st, 2023|

Businesses and consumers are finding it increasingly difficult to get new loans, and the impacts of a full-fledged “credit crunch” are becoming visible.

Resiliency in a Messy Reality

By |2023-04-21T15:10:22-07:00April 7th, 2023|

Q1 2023 Market Commentary
It is a collaboration with our clients that spans technical details, emotional needs, and the irrational and unexpected elements of life goals that makes possible the process of determining the path forward.

Investing in a Changing World

By |2023-03-24T15:09:17-07:00March 10th, 2023|

ESG is not a cure-all for the environmental or social challenges we collectively face. It can, however, serve as a valuable tool for investors to reduce specific portfolio risks and align their investments with a changing world.

The Return of Reasonable Alternatives

By |2023-03-10T12:49:58-08:00February 24th, 2023|

Markets are starting this year from more reasonable valuations and with bonds yielding stronger income than prior years. This balance should benefit patient investors and diversified portfolios as they navigate short-term storms and begin rebuilding portfolio values.

A Welcome Sight

By |2023-02-24T14:18:17-08:00February 10th, 2023|

The economic and market landscape still includes plenty of uncertainty, but it is a welcome sight to see portfolios rebuild some value early in the year.

A Wandering Market

By |2023-01-20T14:19:12-08:00January 20th, 2023|

Financial markets can have phases of directionless wandering as investors await more information. We may be in one of those moments right now.

Finding Inflation’s Silver Lining

By |2023-01-13T13:06:10-08:00December 16th, 2022|

As inflation emerges from a long hibernation, the impact on consumers is acute. It's important to acknowledge that inflation has been a normal and recurring part of economic growth throughout history - and can have some silver linings.

When Good News is Bad News

By |2023-01-06T13:37:48-08:00December 9th, 2022|

Market movements can feel chaotic over the short term, and the noise of daily market headlines can make investors question whether the historical patterns of growth will continue to hold true.

Midterms and Markets

By |2022-12-09T13:51:19-08:00November 18th, 2022|

While financial markets may breathe a sigh of relief following midterm election results, the present reality is that ongoing concerns about global recession, high inflation, and tighter central bank policies could limit the enthusiasm of any post-election rally.

The Role of Relief Rallies

By |2022-11-04T14:21:57-07:00October 21st, 2022|

It is human nature to assume that a current trend will continue unimpeded and that equity prices will continue to fall without relief. Reality rarely unfolds in such straight lines.

The Essence of Elasticity

By |2022-10-21T13:32:00-07:00October 7th, 2022|

Q3 2022 Market Commentary
The essence of elasticity is reversibility. While financial markets don't behave in such simplified ways, the same concept can be helpful to consider during periods of dramatic price appreciation or decline.

For Whom the Earnings Bell Tolls

By |2022-10-14T16:46:04-07:00September 30th, 2022|

The question facing investors in the near term is how to interpret the interconnectedness of the broad economy when presented with quarterly earnings data from a single company.

Precarious Expectations

By |2022-09-30T14:16:48-07:00September 16th, 2022|

Investors often expect the status quo to continue indefinitely but markets can change course rapidly. There are measurable benefits to balancing historically-rooted optimism and a timeframe that extends beyond the present moment.

A Recession by Any Other Name

By |2022-08-19T14:18:53-07:00August 5th, 2022|

Although there’s confusion around the definition of a recession, it’s helpful to remember that periods of economic slowdown – whether they are officially deemed a recession or not – are a normal part of the economic cycle.

Double-Edged Dollar

By |2022-08-05T13:23:52-07:00July 22nd, 2022|

Similar to other assets, currency markets have cycles and are sensitive to the near and intermediate-term outlook for the global economy. As the US dollar gains strength on global markets the results of the appreciating currency remain complex.