Salient to Investors: Wade D. Pfau at The American College and Michael Kitces at Pinnacle Advisory Group said: A U-shaped retirement plan – 20% to 40% in equities, with a gradual increase of 1% per year to a maximum 60% to 80% allocation to stocks by the end – is
READ MORE... →Salient to Investors: Nobel Laureate Robert Shiller said: People make better decisions with financial advisers. A lack of good financial advice was one of the problems that led to the financial crisis. Many Americans went into unsupportable debt to buy homes, which a good financial adviser would not have let
READ MORE... →Salient to Investors: Individuals pulled $52 billion from muni-funds in the first 11 months of 2013, the most since at least 1992 when data began – outflows through year-end would extend the worst losses in the muni market since 2008. Jamie Pagliocco at Fidelity Investments and Chris Alwine at Vanguard
READ MORE... →Salient to Investors: Jim Rogers writes: For a few thousand years, when people got into trouble and failed, competent people reorganized the assets and started over. Today, America and the West are kicking the can down the road and letting the incompetent people take over the assets from the competent
READ MORE... →Salient to Investors: Joseph Baratta at Blackstone said: The stock market rally may last 2 more years with compound annual growth of 8% to 10%, as long as the Fed provides support. Equity markets are not overvalued when measured by the prices buyout firms are paying for companies. US economic
READ MORE... →Salient to Investors: Barry Ritholtz says that since 1897: Double-digit gains occurred in 75% of the positive years and single-digit gains occurred 25% of the positive years. 20 percent or greater gains occurred in 29 percent of the years. Read the full article at http://www.bloomberg.com/news/2013-12-05/bull-or-bubble-ritholtz-chart-.html Click here to receive free and
READ MORE... →Salient to Investors: Richard Koo at Nomura Research Institute said: Abenomics is finally addressing Japan’s fundamental economic problem: getting households and businesses to borrow. In this balance-sheet recession, consumers preferred to aggressively pay down debt instead of spending following the burst of the asset price bubble in the early 1990s. Companies
READ MORE... →Salient to Investors: Hedge funds returned 7.1 percent in 2013 through November versus the 29.1 percent return of the S&P 500 Index, with reinvested dividends, and are headed for their worst annual performance relative to US stocks since at least 2005 and underperforming for the fifth year in a row.
READ MORE... →Salient to Investors: Dean Maki at Barclays said this is still a moderate recovery, but 2014 will be a better year for US growth. Millan Mulraine at TD Securities USA said the worst of the impact of higher mortgage rates seems to be behind us. Jay Bryson at Wells Fargo
READ MORE... →Salient to Investors: The IMF predicts G-7 nations will tighten policy in 2014 by the least since they began in 2011 – at half this year’s pace as the average budget shortfall drops to about a quarter of where it was just 3 years ago. Jose Ursua at Goldman Sachs
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