Rather than provide the standard yearly wrap up, I thought it would be best to address the two most frequent questions I’ve been receiving. First, what was surprising about 2012? Second, what’s the outlook for 2013? Let’s begin with 2012. To many, the financial markets delivered a surprise in 2012 with the Standard and Poor’s […]
With the 2012 election over and a familiar face in office it’s time to get to work. We are, and always have been, a land of opportunity for those willing to put in the time and sweat. Now is the time to make it happen. So what do we need to do? Americans are craving […]
There’s a growing gap in America between what the financial markets are doing, and how people feel about the economy. With continued somewhat positive news like this week’s auto sales data, the beginnings of a European recovery and slightly better housing numbers, the market continues to truck along. However, consumer confidence refuses to post any […]
We live in such a noisy and complex world. The “fiscal cliff”, the presidential election, Greece, France, Italy, China, a tropical storm, the shaky market, low interest rates… it’s enough to make even the most seasoned investor cautious (or crazy). All these fears transform the market into a roller coaster of daily fluctuation. For investors […]
“Human innovation is the only natural resource we have.” – Julian Robertson, Founder Tiger Management Innovation and technology are causing dramatic shifts in America’s energy reserve estimates a recent research report from American Funds says. Several entities, including the Department of Energy, now estimate the nation’s natural gas as so vast that it could be […]
If you are interested in reducing the amount of LPL Financial and shareholder correspondence you receive in the mail, here are some helpful instructions for going paperless. Please contact us if you currently do not have online access to your accounts through Account View or WealthVision™. We will gladly set you up to view your […]
Can you believe 2012 is half over? Wow, time moves fast. As the books close on the second quarter of 2012 I’m comforted by a modest gain in most of the broad market indexes, but investors are learning to understand one thing: volatility is the new norm.
The daily noise of stock updates and news can be confusing. Rather than educating investors, it can distract and mislead those who pay too much attention to it. That’s especially true in today’s global economy and markets. I’ve been an advisor for over 34 years in a variety of markets and circumstances. All those years […]
Innovation often serves as a boost to an economy. After all, it tends to be a driving force behind the creation of new markets and the growth of existing ones. But innovation isn’t something that can be bought and sold… or is it? If we look through historical examples a trend emerges; great innovation comes […]
The challenge in today’s market is a matter of perspective. For many it can be hard to ignore the constant clutter and loud volume of media analysts pitching today’s hottest stock. It seems like every economic data point is over-analyzed, over-interpreted, and over-emphasized. Then there are the privileged few; the “clairvoyant” investors who must know […]
Here’s a quiz question: Why did the average investor see a 3.5% return while the U.S. stock markets averaged annual returns of 7.8% over the past 20 years?* The answer is simple, the average investor bought high and sold low.
Those who followed last week’s Supreme Court arguments on President Obama’s health care law got a lesson in Constitutional Law. While the scope of the three-day hearings was breathtaking it is disheartening as we likely will not hear the outcome until June. While legal issues dominated the conversation, economics also came into play. The question: Is the market […]
LOCAL FINANCIAL ADVISOR NAMED IN BARRON’S TOP ADVISOR RANKINGS Prosperion Financial Advisor Named to Barron’s List Prosperion Financial Advisors’ Steve Booren was the highest ranked financial advisor in Colorado with total assets under management of less than $500 million according to a Barron’s 2012 Top Advisor Rankings. This is the fifth consecutive year an […]
As I was reading the New York Times I came across an article that concerned me. Titled “Why I Am Leaving Goldman Sachs,” the article was written by Greg Smith, the firm’s former executive director and head of United States equity derivatives business in Europe, the Middle East and Africa. It describes in detail why […]
Of the 11 million homeowners who owe more on their homes than the home is worth, approximately 6.5 million have never missed a payment reported Dale Westhoff of Credit Suisse Group AG. Meanwhile subprime borrowers who received mortgage modifications (like reduced payments of more than 40%) in 2010 had a payment default rate of 19% […]
AI raises an important question, especially for any business that offers advice: What can technology do, and what can it never truly replace? I believe technology can provide information, but a good advisor provides understanding.
