I wanted to share some charts that appeared in a recent Bloomberg.com article. They confirm my own experience in speaking with clients and prospective clients at this time: everyone is nervous and untrusting of the stock market. Fortunately, bear markets usually begin from a psychological place of extreme bullishness. So the emotional conditions […]
From the Los Angeles Times: “Op-Ed: How could someone rich and famous like Prince die without a will? It’s not unusual. Just ask an estate lawyer” Jack B. Osborn, April 28, 2016
How could Prince die without a will?
He didn’t amass a $250-million estate just through exceptional musical talent. He was also a shrewd […]
Attention dog and cat owners: Petco is having a 30% off sale! If you happen to be in need of dog or cat food, or perhaps a new toy for your favorite pet friend, this might be a good time to consider checking out the Petco website. But before you do……
What does this notice have […]
Listening to financial and economic experts express bewilderment at world equity market weakness, which has dragged down the price quotation for many well known companies, I have, like them, been puzzling over the matter. With the […]
Our Annual Report Video! Each year Trusted Financial Advisors hosts a luncheon for clients and Gary Miller, CFP provides an overview of portfolio performance and the economic outlook. If you would like to find out more about what it’s like to be a client of Trusted Financial please take a look at the video from this year’s event, held December 9, 2015. You may play the video by clicking on it.
Since “going independent”, that is, changing my relationship with clients from that of “broker” to that of a fee-only investment adviser, in January 2001, the stated objective for Balanced/Value accounts has been to “capture” most of the total returns available from U.S. stocks and with less risk. As shown below, this has been fully achieved […]
Over this past weekend, I shared a special report with clients, discussing with some detail their current holdings and explaining our approach during this time of equity (stock) market correction. Below is an edited version for use by the public:
The US is basically being pulled down by the rest of the globe, in particular the […]
Bow Wowwwww! They don’t call it the “Dog Days” for nothing. Imagine being a pooch in summer, wrapped in a fur coat in the days before air conditioning? This pretty much describes the behavior of most stocks during the summer. Trader’s desks are empty, clients are enjoying the beach, or cruising in their yachts (big […]
On April 16, 2015 I posted an article about conflicts of interest exhibited by many who advise retirement plans. The value of retirement assets owned by U.S. plans and savers is something north of $21 Trilliion. The latest figure I’ve found was from 2013, at […]
The inflation adjusted Dow or similar “inflation adjusted” measures of performance
remind us that earnings and returns on investment, in the end, are about what you can
buy with your profits. As the cost of living rises inexorably, we all need to generate
greater dollars to maintain and hopefully improve our wealth.
We hear of “record” levels for stocks, from time to time but without adjusting for inflation
this is as deceptive as comparing Elvis Presley’s 1956 earnings to those of Taylor Swift
in 2014. So the chart below is one I like to check from time to time, as it tells us if
markets are truly making progress for investors over longer time spans.
As I noted here last year and at our annual client event, this chart should get a true
“technician” excited. Any asset class whose real level is able to exceed the level that
has held it in check for some 13 years is usually sending a strong continuation signal.
