|
 June
1, 2010 - Vol 4, Issue 22
Dear Reader,
Using Monte Carlo analysis, Geoff Considine examines three ways
safe withdrawal rates can be increased beyond the baseline 4%
guideline. He compares and quantifies the benefits of
increasing diversification beyond equities and bonds, increasing
allocations to fixed income, and employing tactical asset allocation.
Natural gas local distribution companies are appealing utility
business models to conservative equity investors. They tend to
have stable earnings and stronger balance sheets. Philip
Sundell of American Century Investments discusses his overall
outlook for utilities in this interview. We thank American
Century for their sponsorship.
Not surprisingly, the most profitable investment trends tend to be
those with the most staying power. That could be particularly good
news for investors in municipal bonds, since structural forces
are in place that may make tax-free bonds - and the income they
generate - even more valuable in the years to come. Northern
Trust provides their secular outlook for municipals, and we
thank them for their sponsorship.
European equities seem much cheaper than in the US,
says Dan Trosch of Fortigent in this guest contribution. Europe
trades at a 26% Price to Book discount and a 20% Price to Cash
Earnings discount to the US. Some European industries and
stocks are deservedly cheap and value traps; other industries
and stocks are attractive and will benefit from global growth in
exports and other macro trends.
More
articles below...
Ask industry veterans about what really sets top producers apart
and you'll get lots of suggestions, says Dan Richards.
Intellect, discipline, work ethic, people skills and focus would all
be put forward - and a case can be made for the importance of all of
these. There is one attribute, however, that every true top
performer has in large quantity.
Columbia business professor Sheena Iyengar, author of The Art of
Choosing, is the woman behind the famous jam study.
Her research, which has been cited by Dan Ariely and others, shows the
implications of providing consumers with choices that are too
numerous or complex to easily evaluate. Charlie Curnow
reviews her book.
As a financial advisor, your reputation is one of your most
important prospecting tools. While the internet presents a wealth
of marketing benefits, one downside is potentially losing control
of your reputation. In this guest contribution, Dan Sommer
shows how to make sure that doesn't happen.
Last month marked the three-year anniversary of our
publication, and we'd like to share with you some of our
accomplishments over the past year and our goals for the future.
Lastly, we highlight submissions to Advisor Market Commentaries.
We welcome guest submissions from our readers. For more
information, here are our guidelines.
If you are experiencing problems opening or navigating through our
newsletters, we can send you a text-only version. Please send
an email to feedback@advisorperspectives.com requesting the
"text-only" version.
If you have received this newsletter in error, or you do not wish to
receive future newsletters, please reply to this email
with the word “unsubscribe” in the subject line.
Contact us about advertising
|
