Fritz Webinar Attendees Are Not Overly Optimistic About 2019 Stock Returns

Sixty-two percent of A4A members expect 2019 to be a sub-par year for the stock market, while 38% expect a good year ahead.  

According to a poll, taken following the bear market low of Christmas Eve and 5% rebound on December 26, 2018, 

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 46% of attendees said the S&P 500 would return less than the long term annual return 10% in 2019, with 5% expecting a return of 5% or less and 11% predicting a loss of more than 5%.

Meanwhile, 38% said 2019 would be an above average year, with 24% expecting a  return of more than 10% and 14% forecasting a return of more than 15% on the S&P 500. 

The poll was taken at a breaking news CE webinar for CFP®, CIMA®, CPA/PFS and other financial professionals led by independent economist Fritz Meyer and can be replayed for free by A4A members. A4A costs $10 a month and is an online news feed in a continuing professional education format for private wealth professionals.

Fritz, who is expecting S&P 500 earnings in 2019 to be in line with the historical norm of 7.4%, has guided advisors through the heights of the bull market as well as the recent bear phase in a monthly CE webinar series since April 2011, says the expansion cycle is not over. He criticized Fed Chairman Jerome Powell for his December 19 decision to hike rates, saying the Fed chief was not listening to the  markets. His sober assessment is reflected in the expectations of A4A's audience of professionals polled. 

Though Fritz has received a 4.9-star rating month after month on A4A for the last few years from a growing number of attendees, to the extent Fritz has critics, they often say he's a permabull, pollyanna, and permanent optimist. However, this poll result shows the financial advisors attending Fritz Meyer's monthly sessions certainly cannot be described as an overly optimistic bunch. The received wisdom is shown here to be a group of professionals with a realistic outlook.   

   

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A4A CE classes for financial professionals began in October 2008, the week Lehman Bros. collapsed. Initially billed as “The Financial Crisis Webinar Series,” A4A connects advisors with authoritative sources on investing, tax, and financial planning, chosen by A4A Editor Andrew Gluck, a veteran financial reporter. A4A members get a stream of CE classes for an advisor who: 

  • holds a CFP®, CIMA®, CPA, CPA/PFS, CFA or other designation requiring CE annually 
  • values monthly CE classes by Fritz Meyer, Craig Israelsen, Bob Keebler, Frank Murtha, or Andrew Gluck
  • diversifies a core of client portfolios in low-expense funds
  • invests based on MPT and economic fundamentals
  • advises on tax and financial planning as well as investing
  • needs financial counseling skills
  • wants the Certified Financial Counselor™ designation 
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  • wants the facts when bad news breaks
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  • insists on objective evidenced-based tax and investment planning analysis
MEMBER REVIEWS 
William Desormeau, Jr.  
It is not possible for me to overstate the cumulative value that Craig, Bob and Fritz have added for over 10 years to my investment advisory practice, as well as for personal and family financial planning. A4A gets my highest recommendation
Lynn Najman, CFP®
I’ve subscribed to A4A since its inception, and always find it intellectually stimulating and on point. It’s one of the few CE solutions out there that doesn’t waste my time by pushing product or talking down to me.

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Pete Deacon, CPA, CFP®
A4A has had a profound effect on my business. Since 2009, I’ve relied on the consistent messaging and updates to run my business successfully. Being able to present the information from Bob, Fritz, and Craig's ongoing CE webinars has been a significant benefit.

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Fredric Mayerson, MBA, PhD, CFP®
I've been a financial professional and professor of finance for 35 years and find Fritz Meyer and Robert Keebler to be among the most engaging, incredibly knowledgeable, and experienced presenters I’ve encountered. They deliver an extraordinary amount of information in an extremely interesting way — sequentially and developmentally, utilizing pedagogical tools and techniques that few possess.  A4A to is the most consistently excellent CE program available.  
Ron Roge, MS, CFP®
I’ve been attending A4A many years because the CE classes are outstanding, and my time is valuable. Though I have over 35 years of experience, I’m always learning something new on A4A. I attend fewer conferences now because the CE is generally not advanced. If you want to learn from the best, in a faster, easier, and less expensive way, I highly recommend A4A.

John R. Day, CPA/PFS®

I’ve been a member since 2011 and never miss the monthly webinars with Fritz Meyer. I appreciate Fritz’s independent views on the economy and markets and Bob Keebler keeps me updated on excellent tax planning ideas. A4A is a great value!

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Norman Politziner, CFP

I wouldn't miss a Fritz Meyer webinar unless my pants were on fire. I've relied on Andrew Gluck's knowledge systems --client communications and CE -- for two decades. It's simply the best solution for tax, financial, investment, and risk-management professionals.®   

Dan Hawley, CFP® 

A4A, for over a decade, has been a great resource for useful and accurate information and CE. A4A and Advisor Products are bargains for an advisory practice. 

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Kevin Brosious, MBA, CFP®, CPA/PFS®

I get CPA CE credit and CFP credit for the webinars.  But not only that, the A4A content is terrific