We recently spoke at a prospective client event in Santa Barbara, California and we were asked the question "how do you know when you should change financial advisors?" Before answering that question, however, one must understand that the term "financial advisor" can take on many different definitions. Most "retail" (individual) investors,...
Friday, January 15, 2016
Investment Climate Jan 2016 "The Sky is Falling," Again!
The year 2015 went out with a whimper as major market indices in the U.S. ended relatively flat to down. This is not surprising given that the Federal Reserve finally raised the target for the interest rate on Federal Funds at the December 2015 meeting of the Federal Open Market Committee (FOMC), and that the market averages had been dancing around...
Friday, January 08, 2016
A Rough Start to the Year - Stay Calm!
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The markets have ushered in 2016 with what is the worst start EVER in a new year for the stock markets around the world. We are told this is due to turmoil in China, which the conventional wisdom is suggesting is sure to take the U.S. economy into recession. We don't agree....
