May 17, 2016
Do you have a sinking feeling about the world economy, markets, or the upcoming election? Are you uncomfortable with risk exposure as retirement looms over the next hill? Have you stopped to ask yourself if you are getting the right advice for this new stage of life? How do you know when it is time to get a second opinion on your finances?As you approach retirement, you have a different set of concerns and challenges. The money it has taken
March 17, 2016
“Given a choice between the possibility of becoming rich, and a guarantee that you’ll never, ever become poor, which would you choose?” It’s a question that I often ask attendees at our seminars or in our early interviews. Given the widespread popularity of Powerball these days, one might assume the former, but 80-90% of those in attendance say they’d prefer a guarantee that they’ll never run out of income, even in old age. Here’s a second question: “Would you be willing to
January 22, 2016
2016: The Year of the Index Annuity Have you seen the stock market forecasts for the new year? One brokerage firm after another is citing volatility, a lack of earnings, dramatically slower growth and a probable “year to nowhere” in 2016. As this goes to press, the Dow Jones Industrial Average has been down as much as 1900 points since the first of the year. In only 13 trading days, this is a loss of 9.5%, the worst start to
October 9, 2015
Two weeks ago, Janet Yellen and her cohorts at the Fed, in an 8-1 vote, elected to leave interest rates at record low levels for the 55th straight Fed meeting, a whopping 81 months since the last hike. Citing “global growth concerns” as well as still-tame inflation, the Fed chose to first do no harm, lest they be blamed for the slowdown that is clearly taking place around the world. China In August, Reuters published a much-overlooked report stating that the cost of shipping
January 7, 2015
It’s that time of year again, and many of you have asked us what 2015 is likely to bring in the way of economic performance and the market’s likely response to it. The following is based on my usual exhaustive reading, and I encourage you to follow through the many hyperlinks within the piece for the sources of the summaries shared below. Market History The S&P 500 is up over 205% since the market bottom on March 9th 2009, largely
September 12, 2014
Imagine that you and your spouse are currently in the market for a new car. You have two large dogs and your three grandchildren several days each month, so you’re logically thinking that a minivan or SUV would be appropriate and safe. Yet when you walk into your local car dealership to explain your needs, the salesman replies, “Oh no, those minivans and SUVs are reeeeally over-rated; what you want is simply a good pick-up truck—step right this way…”
July 22, 2014
Investors’ Staggering Indifference Amid Rising Dangers As a 25-year financial industry veteran with a broad background in managed money, market history, and risk mitigation, I have become amused—shocked really—at the cognitive dissonance being displayed by some in the investing public in this 6th year of the Federal Reserve’s “Recovery Market.” Not since early 2000 during the heady days of a peaking tech/dot-com market, have I seen such displays of indifference, sans the enthusiasm of that euphoric run-up, for the market’s
May 16, 2014
It’s mid-May, and if you haven’t taken the opportunity to “Sell in May and Stay Away” you still have some time. Since I penned last month’s piece, we’ve seen a slew of advisors, columnists, and retired asset managers chime in with their own warnings, some of them dire, and all of them based on sound analysis and a firm grasp of market history. Don’t take my word for it; consider the following: Writing at seekingalpha.com, Beverly Hills advisor Craig Brockie
April 21, 2014
Historic Indicators Point To A Significant Sell-Off Ahead After rising over 26% in 2013, the U.S. stock market remains flat three and a half months into the new year, battered by an increasing list of worries not easily brushed away. The following are 10 compelling reasons to pare back risk exposure, especially if you’re retired or are about to retire, i.e. you can’t make up for large losses via ongoing 401(k) contributions, and/or your accounts represent monies that it’s taken
January 21, 2014
As we reflect on another year in the financial markets, whether you were deeply invested in equities or safely earning market-linked interest as they rose, it is once again enlightening to see who was right—and who was way off—in 2013, and what investors should have learned, but probably didn’t. Here goes: The Forecasters were wrong—again. At the end of last year, CNNMoney polled 30 of the major asset managers on Wall Street, asking them where they thought the S&P
