Most Recent Articles
Jeremy Siegel - The Market is 10% to 15% Undervalued by Robert Huebscher
According to Wharton’s Jeremy Siegel, ’the fair market value for the stocks today is 10% to 15% higher, and that might even be on the conservative side.’
Most Recent Commentaries
US Corporate Profit Margins Increase Again In The 3Q by Team of GaveKal Capital
US corporate profit margins are at their second highest level ever at 10.14%. The highest level was reached in the 4Q11 when profit margins spiked to 10.27%.
No Silver Bullets in Investing by James Montier of GMO
In a new white paper today, James Montier of GMO’s asset allocation team reviews recent "innovation in our industry." He argues, "one of the myths perpetuated by our industry is that there are lots of ways to generate good long-run real returns, but we believe there is really only one: buying cheap assets."
Response to Gulliver Travails' Comment on "Unless the Fed Goes Cold Turkey..." by Paul Kasriel of Econtrarian, LLC
Notice that my definition of TOTAL thin-air credit is the SUM of Fed credit and depository institution (bank) credit. This is important when analyzing the effect of a Fed purchase of securities FROM the banking system. So, let’s start with that scenario -- the Fed purchases $X of securities from the banking system.
Gimme Three Steps...on the Path of Deleveraging by Liz Ann Sonders of Charles Schwab
Debt (and Fed policy) continue to be my biggest longer-term concerns; even with the progress made over the past few years by the household sector. The budget deficit is plunging; and that’s great news, but more is needed to bring overall debt growth down to more reasonable levels. The solutions stool is three-legged: spending, revenues...and growth!
Running Out of Time by Jeffrey Saut of Raymond James
Well, so far the Federal Reserve is winning out over my timing models that continue to suggest caution should be the preferred strategy in the short-term; and last week that strategy was wrong footed as the D-J Industrial Average notched another new all-time high.
Another Step Forward for US DC Plans: Managing Volatility by Daniel Loewy of AllianceBernstein
We’re seeing more US defined contribution (DC) plan sponsors looking at a variety of ways to help their participants manage volatility-and the accompanying anxiety and doubts that can often push participants to abandon their long-term investing goals.
10 for '14 by Richard Bernstein of Richard Bernstein Advisors
Each December we publish a list of investment themes that we feel are critical for the coming year. We continue to believe the US stock market will continue its run through one of the largest bull markets of our careers. Our positive outlook extends to the following areas: US Equities, Japanese Equities, European small cap stocks, high yield municipals.
A Synchronous Expansion by Scott Minerd of Guggenheim Partners
Major developed economies are all contributing to global economic growth, and this improving fundamental picture, coupled with ongoing monetary accommodation, bode well for risk assets.
Why You Should Be Thinking About Quality Small-Caps by Sponsored Content from The Royce Funds
The Fed’s stimulus programs have had unintended consequences. Lower-quality businesses have performed well, and more conservatively capitalized companies have been relatively disadvantaged. We think tapering talk has begun to change this and that high quality small-caps should be able to benefit.
Active Share. Toward a Stock Picker’s Market? by Sponsored Content from ClearBridge Investments
Explore five groups of mutual funds-from stock pickers to moderately active to the closet indexers. Which categories produced the best risk-adjusted return 1990-2009? The more different the portfolio from its benchmarks, the greater the range of possible outcomes. Consider a tool like active share.
What Matters More When Investing: A Good Company or Good Price? by John Alberg and Michael Seckler
Which approach will serve you best in the uncertain periods ahead - investing in the best companies, or finding the lowest priced opportunities? How did value-oriented investment approaches, such as Joel Greenblatt’s "magic formula," perform when price-to-earnings multiples compressed in the past? A recent study we completed yields some perspective on those two questions.
How to Keep Prospects from Stealing Your Ideas by Dan Richards
After multiple meetings with prospective clients during which you provided recommendations on their situation, at some point every advisor has walked away feeling that someone took their advice and implemented it on their own. How do you prevent this from happening?
Why Does the U.S. Have High-Cost Low-Quality Healthcare? by Michael Edesess and Kwok L. Tsui
The U.S. has worse mortality rates than virtually all other developed nations, and yet it spends twice as much per capita on health care. How on earth has the U.S. racked up such an appallingly bad health-care record, and what is the solution? A recent edition of the Journal of the American Medical Association identified many of the problems but was not persuasive in prescribing a cure.
Coping with Sudden Power Syndrome by Justin Locke
Wealth managers are no doubt familiar with the phrase ’sudden wealth syndrome.’ Its symptoms include isolation from former friends, guilt over one’s good fortune and an extreme fear of losing one’s money. Money and power are closely related concepts, and so I would like to introduce the related condition - sudden power syndrome - which is what one experiences when thrust into a new position with significantly greater authority and responsibilities.
Career Center by Various
We have recently changed the name of our Job Postings site to "Career Center" but you can still 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.