Monthly ArchivesDecember 2017

November 2017 Financial Markets Update image

 Market Scorecard Figures provided above are estimate and for illustration purposes only   Monthly Commentary The S&P 500 jolted higher in November along with other markets putting up a +3.07% return and bringing YTD returns in the index to over 20%.  The House and Senate both passed their own forms of tax legislation during the month which contributed to the gains.  Ultimately, the final bill will need to be negotiated before it can be put before the President.  Until the final bill is written, I don't want to speculate on what it's going to look like since every news outlet and research firm has conducted exhaustive research on this already.  Goldman warns that market valuations are at their highest since 1900.  They were ...

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Charts that frighten me image

I thought it could be helpful to break out some specific charts which frighten me.  Everyone seems to be high on the markets but there are cracks if you look in the right places.   The SNB owns about $80 billion in US stocks today (June, 2017) and a guesstimated $20 billion or so in European stocks (this guess comes from my friend Grant Williams, so I will go with it).  They have bought roughly $17 billion worth of US stocks so far this year. And they have no formula; they are just trying to manage their currency. Switzerland is now the eighth-largest public holder of US stocks. And apparently they are concentrating on the largest of the large-cap stocks. The own 19 ...

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Why Hire A Wealth Manager? image

Why Founders & C-Level Executives Still Need a Wealth Manager What are you good at, and what do you most enjoy doing? The reason I ask the question this way is because the answer may not always be the same. Also, at least one can change over time; perhaps as you age and your interests shift, or the focus of your life is altered by circumstance. The point I’m trying to make is, if you're wealthy, managing your money is rarely either of these two things, which is why you should hire a wealth manager. After all, skill sets and interests differ from person to person and it would be unreasonable to think otherwise. It could also be harmful; for example, ...

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