|
|
|
|
|
|
   
Dear Reader,
June 12, 2012 - Vol 6 No 24
Join Envestnet | PMC for a live webinar on the benefits of implementing liquid alternatives in today's portfolios. Topics include managing market volatility through the use of liquid alternatives; allocating to alternative strategies; implementing liquid alternatives in client portfolios; educating clients about alternative investment strategies. Register today for "The New Paradigm for Portfolio Construction - Harnessing the Power of Liquid Alternatives" webinar on June 19th at 4pm.
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 use the "Safe Unsubscribe" option at the end of this email.
|
 Investing for Retirement: SPIAs, TIPS, Stocks and the 4% Rule By Joe Tomlinson
Relying only on stocks and bonds to fund a decumulation strategy may no longer be feasible, given today's low interest rate environment and the prospect of muted returns from the equities market. Investors should instead consider using single-premium immediate annuities (SPIAs) to fund at least a portion of retirement needs.
|
Featured Video from Henderson Global Investors
 Update on European markets and upcoming political developments
Tim Stevenson of Henderson Global Investors
Stevenson, Director of Pan European Equities, provides an update on the situation in Europe and touches on the upcoming elections in Greece and France. He points out that during the turmoil of the past 5-10 days, Spanish Banks have been one of the best performing sectors within European markets and that given the attractive valuation of European markets there is genuine buying taking place.
|
The End of Economics
By Michael Edesess
If Australian economist Steve Keen's book, Debunking Economics, doesn't end, once and for all, the terminally convoluted discourse that afflicts mainstream economics, nothing will. Although the book's purpose is to show that neoclassical economics is all bunk, however, it is also, remarkably, as good an introduction to neoclassical economics as any you're likely to find.
|
Featured Video from Natixis Global Asset Management
Liquidity risk, the euro, and emerging market ideas
David Rolley, Global Fixed-Income Manager at Loomis, Sayles & Company, discusses these issues on Natixis Global Asset Management's Market Talk.
|
The Problems with Trying to Benchmark Unconstrained Portfolios
By Ken Solow
Benchmarking unconstrained, 'go-anywhere' managers is difficult. Common methods to determine an appropriate benchmark - such as an ex-post regression of how the fund was invested - can obscure the actions of the manager. Is the only solution to simply select an arbitrary benchmark and proceed accordingly?
|
Kingdoms of the Blind
By Michael Lewitt
Recent events offer a rare illustration of the combined effects of the failure of monetary, fiscal and regulatory policy to coordinate a meaningful response. Rising budget deficits, record low interest rates, J.P. Morgan's proprietary trading blunder and the botched Facebook IPO process speak to abject policy failures in virtually every aspect of finance. It's not even a question of not having learned our lessons; our collective policy intelligence actually appears to have diminished.
|
A Proven Strategy to Attract Multi-million Dollar Clients
By Dan Richards
When it comes to attracting new clients, new and different approaches are critical. While some advisors are experimenting with social media to grow their business, a recent conversation reminded me that advisors can still learn from longstanding, proven approaches that have been employed by advisors with elite clients.
|
Career Opportunities
As a service to our clients, we are posting career opportunities for firms that seek to add financial advisors and planners to their staff. We've added two new job listings since last week.
|
Letters to the Editor
A number of readers respond to our article, Can Krugman Fix Our Economy?, which appeared on May 29.
|
Our Most Read Article from Last Week:
Finding the Best Dividend Fund
By Geoff Considine
Assets are flowing into dividend-stock funds. But many experts are warning that those investors are setting themselves up for significant losses. Using an objective methodology that assesses tradeoff between yield and risk, we can determine those funds that investors should prefer - and a few they should avoid.
|
Highlights from Market Commentaries
Here are the top three commentaries from last week.
 Run of the Mill
The awful behavior of the market in recent weeks is very run-of-the-mill in terms of how similarly unfavorable conditions have usually been resolved historically, and there is no evidence that this awful prospective course has changed much. Investors should expect no easy solutions to the fiscal and global challenges ahead. They should instead expect market valuations that adequately reflect the fact that there are no easy solutions. In my view, those valuations remain miles below present market levels.
Tags: Equities Bearish Treasury Bonds US Fiscal Policy Investment Themes
Run of the Mill by John Hussman of Hussman Funds
 Investors Position for a Synchronized Global Slowdown
The insufficient job creation, stagnant earnings and alarming long-term unemployment highlighted by Mays disheartening jobs report underscore Americas persistent unemployment crisis. The numbers also speak to a synchronized slowdown that is now taking hold of the global economy a phenomenon that is being signaled by virtually every other data release out of Europe, the U.S. and emerging countries.
Tags: US Europe Monetary Policy
Investors Position for a Synchronized Global Slowdown by Mohamed El-Erian of PIMCO
My Best Investment Advice - Watch Your Fellow Investors And Do The Opposite
In my opinion, the recent selloff in stocks defies commonsense and logic, but in truth and fact it usually does. In other words, its not uncommon to see investors selling at precisely the time they should be buying and vice versa. Moreover, when investor pessimism is at a high, like it is today, stocks become cheap causing people to panic and sell. Now when I review the data, I get optimistic and immediately began to suspect that all this pessimism is creating a great long-term opportunity for investors with a more optimistic view of the future.
Tags: US Investment Themes
My Best Investment Advice - Watch Your Fellow Investors And Do The Opposite by Chuck Carnevale of F.A.S.T. Graphs
|
|
|
|
|
|
|
|
|
