Most Recent Articles
The Power and Limitations of Monte Carlo Simulations by David Blanchett and Wade Pfau
Explaining the past is much easier than predicting the future. This uncertainty raises a significant number of issues when creating a financial plan for a client. Monte Carlo simulations will illuminate the nature of that uncertainty, but only if advisors understand how it should be applied - and its limitations.
Most Recent Commentaries
Gold Jewelry Demand in India Improves by Frank Holmes of U.S. Global Investors
Those who root for gold root for India. Despite a welcome June rally, it’s been a rocky second quarter for the world’s second-largest consumer of the metal, with demand down 18 percent compared to last year.
The Stall-Speed Syndrome by Stephen Roach of Project Syndicate
As tempting as it may be to attribute developed economies' latest growth slowdown to idiosyncratic factors, weakening performance in the US, Europe, and Japan is not so easily dismissed. In all of these cases, the post-recession rebound has not been nearly large enough to alter the sluggish underlying trend.
Gold: Keeping Calm And Carrying On by Ade Odunsi of AdvisorShares
We continue from last weeks discussion on the role of interest rates in the gold market by looking at trends in the cost of carry of gold as priced in dollars, euro, yen and pounds. By way of a brief primer we define the cost of carry of gold in dollars as the London Bullion Markets Association 3 month Gold Forward Offered Rate (GOFO). GOFO is published every day by the LBMA and is calculated as US dollar Libor minus the gold lease rate.
Fed's Getting Anxious About Interest Rate "Liftoff" by Gary Halbert of Halbert Wealth Management
While I have been a Fed watcher for over 30 years, rarely have I seen as much media angst over the central bank’s next move as we are seeing today. We all know that the Fed is going to raise short-term interest rates at some point. We expect the Fed to “normalize” interest rates slowly in measured steps over the next few years. The main question is, when does this process begin?
The Price is Right - The S&P 500 Index Deconstructed by Edward Talisse of Chelsea Global Advisors
Is the widely followed S&P 500 equity index wildly overvalued at its current price of 2,000? Well, that depends upon your assumptions about earnings and dividend growth and your risk adjusted required rate of return.
From the Alps to the Tetons by Brian Andrew of Cleary Gull
Central bankers seem to be the focus once again. If the global economy were strong enough to stand on its own, we wouldn’t spend every waking moment worrying about what Fed Reserve Chair Janet Yellen and her European Central Bank counterpart Mario Draghi are going to do next. The fact that these bankers are front and center again in investors’ minds, is a function of both how sluggish the global economy is and how persistent the hangover from the mid-2000’s real estate party continues to be.
The Demise of Active Management is Greatly Exaggerated by William Smead of Smead Capital Management
Financial advisors and registered investment advisors feel severe pressure to throw in the towel on manager selection methodologies and accept index returns. Yet, many of these stories forget one central concept: indexes are actually inexpensive actively-managed portfolios. Every actively managed fund is an index itself.
EM Growth Provides Tailwind for Automation Companies by Nick Niziolek, Paul Ryndak of Calamos Investments
The pullback in Japanese equities earlier this year brought the valuations of select automation companies to attractive levels that do not fully reflect the long-term growth potential we see. The days of Henry Ford's assembly line are long gone, replaced by automated conveyor systems and robots that do much of the heavy lifting. Chinese labor costs are rising quickly, providing incentive for manufacturers to be more productive and contain costs. Also, the technical and quality requirements for manufacturing cars, phones and other electronics is increasing, requiring more precision.
Feedback That Motivates Your Team by Dan Richards
Last week's article outlined new research into how to motivate your team. One of the best strategies is giving consistent, quality feedback. Here are nine ways to provide feedback that motivates your team.
The Ticking Time Bomb Stressing Your Success by Daniel Solin
Here's some insight on how stress reduces your ability to work effectively - and what to do about it.
Why Germany's Economy is So Strong by Marianne Brunet
After spending more than a month this summer living in a rural part of Eastern Germany, I discovered that the source of Germany's economic strength extends far beyond the fields at the World Cup.
Successful Succession Planning - Building Your Legacy and Keeping It by Alan Rosenfield
RIAs need a succession plan. But what does that mean, and how can you get one?
Advisors Dealing with Illness in Their Family by Beverly Flaxington
My only brother is dying of cancer, my parents have both moved into nursing homes and we have a sick son who is in need of care. Given the number of advisors in my age category, I am maintaining my business but I can't focus on growth. Any suggestions on how to find resources to help me?
Career Center by Various
Find career opportunities for firms that seek to add financial advisors and planners to their staff. Read more to find out how to post opportunities at your firm.
These Four Mistakes Will Shipwreck Your Email Marketing Campaign by Alan Del Rosario
Here are four common mistakes that will shipwreck your email marketing campaign.