Why Uncertainty Might Just Be an Investor’s Best Friend

This blog is from the March issue of Portfolio Perspectives.
With many stock market indices at all-time highs, Washington awash in political turmoil and unsettling news around the globe, many investors may be unsure what to do next.
And we believe that is a good thing.
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Financial Risk through a Wide-Angle Lens

This blog is from the January issue of Portfolio Perspectives.
The world is risky. The future is uncertain. And many of the decisions we make can have a profound impact on our future welfare. This is where financial advisors can add value by helping their clients navigate an inherently risky world. Risk cannot be eliminated, but it can be managed. Continue reading

Did You Earn 40% in 2016?

This article is featured in the winter edition of our 360 Insights Quarterly Client Newsletter.
That sounds like a crazy question, right? CDs, savings accounts and many bonds are paying next to nothing. Return expectations are down across the industry. Yet, if you held U.S. small companies from their lows in February of 2016 through mid-December you would have seen a more than 40% gain on that position, as measured by the Russell 2000 index. And who saw that coming? Continue reading

Great “Client” Expectations

Guest author Michael Noland is a financial advisor and managing partner with Integrated Financial in Tulsa, Oklahoma.
One of the things I tell my clients is that if I’m doing my job as their advisor, they will be mad at me fairly often. This definitely gets their attention and then gives me an opportunity to have an important conversation about expectations.
To some extent, we probably all grapple with best practices for keeping clients happy as well as on track. Clients might call you about a hot stock tip their neighbor told them about, or they may feel strongly about being in a concentrated position but are lukewarm on the idea of a truly diversified portfolio. I like to tell my new clients, “If I told you I had a system that figured out how to time the market, you should run the other way immediately. (And I wouldn’t be working for a living if I actually could.)” Continue reading

Thoughts on Predictions and the 2016 Election

istock_69302849_mediumThis blog is from our November issue of Portfolio Perspectives.
As the 2016 election results were coming in on the night of November 8, stock market futures seemed to point to a large stock market decline once the market opened the following morning.

Markets tend to dislike unexpected change, and as it became clear on election night that we’d have a shift in the political party of the presidency, market futures attempted to price that change in until ultimately opening up instead of down — despite what many “experts” were predicting.
This year we have seen a series of predictive failures, from the doom saying at the beginning of the year (“Sell everything”), to the failure of a peace referendum in Colombia, to Brexit. Continue reading

Helping Your Clients Stay Calm Even When Markets Are Not

Since many of you may be getting questions about what the election results may mean for client portfolios, we have put together some resources to help educate clients and provide perspective.
The most important thing to keep in mind is that stocks have done well during the tenure of nearly every modern president, regardless of party affiliation. (See link below)
The results of the election, which caught most pollsters and pundits by surprise, are just one more in a long series of predictive failures this year, from the doom saying in January (“Sell everything”), to the failure of a peace referendum in Colombia, to Brexit.
Continue reading

There is Always a Reason to Sell…Unless You Want to Achieve Your Goals

blog_360_williamThis article is featured in the fall edition of our 360 Insights Quarterly Client Newsletter.
The problem with good advice is that it tends to be boring, especially when it comes to your portfolio.
This is a good thing.
For investors, excitement can be your worst enemy. Excitement generates headlines; it causes people to be greedy or fearful; it drives volatility and speculation — all resulting in too many people compromising their financial futures. Continue reading