Most Recent Articles
In my last article, I described research-based innovations for variable withdrawal strategies from retirement portfolios. In this article, I put Guyton’s and Blanchett’s strategies to the test. My results provide planners with a better understanding about the potential spending paths generated by these different approaches.
Most Recent Commentaries
This Bull Market Is Narrowings As It Advances...Market Breadth Continues Deteriorating by Team of GaveKal Capital
The advance-decline ratio is a market breadth indicator that compares the number of stocks that closed higher with the number of stocks that closed lower than their previous day’s closing prices. It’s a useful tool to understand whether there is broad participation in a market move or if a few very large cap stocks are driving indices one way or another.
Municipal Bond Outlook - Institutional Fixed-Income Sector Report by Team of Guggenheim Partners
Volatility induced by headline events has created attractive price dislocations in the municipal bond market, which may now present the best buying opportunity for investors since late 2010.
Q3:2013 Flow-of-Funds Report - 'Tis the Season to Be Jolly by Paul Kasriel of Econtrarian, LLC
I know that being a Debbie Downer gets more face time on cable news, but after looking at the Fed’s latest Financial Accounts of the U.S. report, formerly known as the Flow-of-Funds report, I cannot contain my optimism about the economy’s prospects in the New Year.
A Week To Remember in Muni Land! Detroit and Illinois and Must Read Employment Data by Gregg Bienstock of Lumesis
What a week! Illinois passed pension legislation (I would have lost that bet) and Detroit can proceed with its bankruptcy. On the former, let’s see if the long-overdue pension fix survives legal challenges from unions and helps Chicago address its pension issue. Perhaps those contemplating the legal challenge will look to Judge Steven Rhodes’ opinion in the Detroit bankruptcy case to find that he believes pension obligations are no different than any other contractual obligation.
Muddling Through: The 'Realpolitik' of the Eurozone Crisis by Andrew Bosomworth of PIMCO
The long-term cost of Europe’s economic recovery is likely to challenge social tolerance and political will to achieve a fully integrated fiscal and political union. Although able to exploit the untapped potential of European treaties, the soon-to-be-elected 8th European Parliament looks more likely to continue to muddle through. We see low medium-term risk for government and corporate bonds with maturities of up to three years, but caution may be required for securities with longer maturities and lower down in the capital structure.
Fed: No More Excuses Not To Taper - Just Do It! by Gary Halbert of Halbert Wealth Management
We had some terrific economic news late last week. The 3Q GDP report and the November unemployment report were so strong that some are wondering if the data are credible, and are likely to be revised lower next month. The government reported that 3Q Gross Domestic Product jumped from 2.8% as reported last month to a whopping 3.6% in its second estimate last Thursday, well above the consensus estimate of 3.1%.
The Fed is Playing Hamlet to the Markets by Sam Wardwell of Pioneer Investments
To taper or not to taper-that is the question the Fed is asking itself. What’s moving the market is (it appears) the odds of Fed action. For the first half of last week, "good news was bad news" as stock and bond markets apparently interpreted better economic data as suggesting an earlier QE (Quantitative Easing) Taper. On Friday, the market apparently decided the jobs report was good enough to further reduce downside risks to the economy but not strong enough to spur the Fed to action.
Year in Review: A Note from Robert Kleinschmidt by Robert Kleinschmidt of Tocqueville Asset Management
In his latest piece, Robert Kleinschmidt, President, Chief Executive Officer and Chief Investment Officer of Tocqueville Asset Management, looks back at the last year and the "remarkable" lack of impact that many economic and political events had on the markets, despite the "dire rhetoric" surrounding many of them.
2 Unconventional Options in a Low Rate Environment by Sponsored Content from OppenheimerFunds
This paper discusses how: Global interest rates could remain low for a long time, says Krishna Memani, CIO, Fixed Income; GDP growth and interest rates tend to track each other over time, and the expectation is for slow growth; Compelling opportunities for fixed income investors willing to look beyond Treasuries.
A Framework for Understanding Bond Portfolio Performance by Laurence B. Siegel
Investors are legitimately concerned that interest rates, after falling reliably for decades, on their way up and that bond portfolio values are on their way down. Investors now seek interest-rate protection. I provide a framework for analyzing and, hopefully, predicting the returns on actively managed portfolios of bonds - a task different from analyzing the bond market itself.
How Service Screw-ups Can Create Happier Clients by Dan Richards
Companies mess up and let us down. And chances are at some point you’ve dropped the ball with your clients, where an unintended mistake caused frustration and inconvenience. But a recent conversation highlighted a four-step plan to turn service problems into client satisfaction success stories.
Low Demand Will Depress Oil Prices by Patrick McVeigh
The U.S. - and indeed, the world as a whole - is approaching the threshold of peak oil demand, rather than peak supply. Prices will fall in the coming years, regardless of fluctuations in supply.
Six Things Every Advisor Must Have on Their LinkedIn Profile by Megan Elliott
An optimized LinkedIn profile is an essential part of any financial advisor’s marketing efforts. But putting together a great LinkedIn profile involves more than just copying and pasting information from your resume. To get the most out of this professional social networking site, here are six things you need in your LinkedIn profile.
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.
Best Practices for an Effective Teambuilding Exercise by Beverly Flaxington
I want to hold a teambuilding session. I don’t like to take everyone away from client calls for the day. Should we have this on a weekend? Or stay late one night? Do I include everyone, from our receptionist to senior advisors?