Investing

Expect Double-Digit Losses In 2014; Here's My Forecast For Performance Of Sectors, Styles, And Countries

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If 2014 is a “normal” year, with earnings growing at 6% and P/E ratios at 15, the U.S. stock market will lose about 15%.  

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Favorite Posts Of 2013 About Behavioral Finance And Math From CFA Institute

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Lauren Foster writes a blog for CFA Institute's private wealth practitioners. Perhaps because Foster’s blog is off the beaten path for most financial planners, A4Aers might want to look at it. I'll be tracking it regularly for you.

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Energy Investing Webinar: Small Turnout But A 4.1 Rating And A Subject Some Of You Will Love To Learn More About

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  It was a relatively small turnout for today’s A4A with BJ Willingham. But that’s the strength of what we’re doing here on A4A. We’re covering topics in depth that are not necessarily wildly popular, but that advisors need to know about, and practitioners won’t find these highly focused looks at specific topics in financial planning anywhere else.       One mean-spirited commenter said something about Willingham that you should ignore. But since I have never censored these comments and have never deleted any negative comments, I’m

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Energy Investments Are Proliferating But Advisors Should Be Very Cautious

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According to Willingham, who is our speaker at at recent A4A webinar, the previous energy super-cycle was from 1970 to 1982. Two super-cycles occurred before that. One in the 1950s following World War II and rebuilding of Europe and in the 1920s, following the advent of the automobile.   Willingham, a CFA charterholder, says energy price cycles last a long time because it takes many years for capital to pour into the energy sector and build the capacity allowing energy supply to catch up with demand. “Once you’re well into the cycle, and people see handsome returns in the

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What Could Make Me More Cautious About Stocks? Are Companies Sitting On Piles Of Cash And Not Investing? Answers To Advisor Questions From The November 2013 Economic And Market Update Webinar

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Advisors4Advisors members ($60 annually) can view the replay of the sessoin and receieve CFP Board or IMCA continuing education credit.    When will business investment pick-up?  Are businesses still sitting on piles of cash? True, businesses are sitting on piles of cash and their ability to borrow cheaply has rarely been stronger. In the following chart, see how business investment in plant, equipment and inventories contributed a total of +1.0% to the third quarter’s +2.8% total GDP growth. Not bad considering that business investment constitutes only about

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