Caveat Emptor When Buying Annuities

The financial services industry has done a poor job with making things simple and easy to understand for the majority of the public. There are 50-page mortgage documents, 100-page fund prospectuses, and we currently have an unnecessary and onerous debate in Washington on a widespread fiduciary standard (it should be as simple as the client.. read more →

Weaker Earnings

During the last few weeks S&P 500 companies have been reporting 3rd quarter earnings.  It is now apparent that these earnings will be less than what was originally forecasted just a few weeks ago. Weaker earnings have also shown up in technology sector stocks, which have recently led the stock market and represent some of.. read more →

Managing Through Up and Down Markets

During the last 60 trading days, the S&P 500 Index has had 37 days of intra-day price swings of more than 2%. There have been both up days (up 11% since October 4th) and down days (down 18% prior to October 3rd), though unfortunately, more down days as of late. Sailors sometimes need to navigate.. read more →

TIME TO HOLD HANDS AND TALK

Just a quick note to let everyone know that the sun is still shining (somewhere). Seriously though, after another tough week in the market two things are fur sure; 1) The volatility is not going away any time soon and 2) We will not change our discipline. We have stayed true to our discipline of finding.. read more →

Are We There Yet?

Mohammed El-Arian, the Co-CIO of PIMCO Funds, often makes the analogy that investing in the post-Lehman world is like riding in car over a bumpy road to an unknown destination. After rebounding in 2009, stocks have posted healthy gains but have now hit another period of volatility and decline. Investors are like passengers in the back.. read more →

Step Away From the Ledge

Hi Everyone, As we see the recent increase in volatility continue I want to assure you we are evaluating our next move(s) every day, hour, and it seems like minute. Straight forward, no B.S., this is a governance issue! If our politicians (both sides of the aisle) would have put forth a good, legitimate plan.. read more →

Year End Re-balancing

After another solid quarter of corporate profits we are heading into the home stretch for 2010. We take this time to review any positions that may be paying a large dividend or capital gains that we would like to avoid. This year there are none that we feel are large enough to sell and escape.. read more →

Moderating Growth, More Volatility

The recent correction of 10-15% in major stock market indexes was ignited by concerns over sovereign debt markets in Europe, but it is also a reflection of moderating growth rate in our economy. The rapid rebound from our recession lows is over, and we expect moderating economic and earnings growth in the months ahead. We.. read more →

Thursday’s Flash Crash and Europe

Last week was a hectic week in the stock market. On Thursday we witnessed a rollercoaster as stocks started strong, fell as fears increased that the sovereign debt crisis in Greece might spread to other areas of Europe. Shortly thereafter we saw the Dow fall almost 10% in just a fraction of an hour, and.. read more →