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INSIGHTS
Perspective for high-stakes financial decisions.
Market analysis, planning strategies, and commentary from Mike Germain, CFA, written for entrepreneurs, athletes, and retirees navigating complex wealth.
General Investing


A Tale of Two Quarters: The S&P 500's Top Five Sectors at Midyear 2026
The first half of 2026 rewarded investors who stayed the course. The S&P 500 finished June up 10.2%, but the path was anything but smooth: a -4.3% first quarter gave way to a 15.2% second-quarter surge, the index's best quarter in six years. Beneath the headline, five sectors separated themselves from the pack: Industrials (+20.2%), Information Technology (+19.8%), Energy (+19.7%), Materials (+12.0%), and Real Estate (+11.5%), per S&P sector data compiled by Novel Investor. I

Mike Germain, CFA
Aug 102 min read


How Does the Charles Schwab 529 Plan Compare for California Residents?
How Does the Charles Schwab 529 Plan Compare for California Residents? Propulsion Capital Management is registered to provide advisory services in the state of California. This analysis is written specifically for California residents evaluating 529 education savings plans. Why 529 Plan Choice Matters for Californians California does not offer a state income tax deduction or credit for 529 plan contributions — to any plan, including its own ScholarShare 529. That means Cali

Mike Germain, CFA
Apr 179 min read


Why an Investment Advisor Matters: Beyond Just Picking Stocks
Investing is often viewed through the lens of potential returns, but true wealth management is a game of risk mitigation and efficiency. While anyone can buy stock, an advisor ensures that your portfolio isn’t just growing but is doing so in a way that is sustainable and tax efficient. 1. Balancing the Risk-Reward Equation Every investment carries the risk of loss. A professional advisor’s primary role is to build an efficient portfolio—one that targets your required return w

Mike Germain, CFA
Jan 192 min read
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