June 13, 2014
Do you think you can pick a good stock to buy? Are you better than the top Wall Street analysts? Well, according to Thompson Reuters and a CNN Money study, the top 10 favorite stocks of Wall Street in 2011 FELL by 3.5%, compared to being flat if you bought an S&P 500 index fund. In 2010, the top picks beat the S&P by a ton but were themselves badly beaten by and analysts' most HATED stocks. In 2009, the analysts' favorite picks again lost to the S&P by 4% while their most hated were UP 70%!! Maybe dartboards on the financial page are another option.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
Do you think you can pick a good stock to buy? Are you better than the top Wall Street analysts? Well, according to Thompson Reuters and a CNN Money study, the top 10 favorite stocks of Wall Street in 2011 FELL by 3.5%, compared to being flat if you bought an S&P 500 index fund. In 2010, the top picks beat the S&P by a ton but were themselves badly beaten by and analysts' most HATED stocks. In 2009, the analysts' favorite picks again lost to the S&P by 4% while their most hated were UP 70%!! Maybe dartboards on the financial page are another option.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
June 12, 2014
Visa says we spend an average of $300 on the 4th of July and $978 on a prom. NRF says we spend an average of $163 on Mother's Day and $114 on Father's Day. Does anyone wonder why we all complain that we can't save enough money?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
June 9, 2014
Money Magazine survey: top item couples fight about is money. Top complaint: each thinks the other spends money too frivolously. Who is right?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
June 7, 2014
Fact #17 on the benefits of fee-based financial planning vs. paying a percentage of assets under management: In an IRA, the assets-under-management guys are taking thousands out of the actual IRAs to pay the high fees. That's money that will no longer be growing tax free or tax deferred. Fee-based planners leave all your IRA money alone.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
June 4, 2014
Yesterday the oldest American turned 115! How could a retirement plan support living that long? At 65 years old, your life expectancy is mid 80s and you have a 30%-40% chance of even making it to your 90s! I don't like the idea that I might die in my 70s with money in the bank that I could've spent. But I like even less the idea I might live to my 80s or 90s with an empty bank account!
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
June 2, 2014
Warren Buffett is quoted as having said: "For some intermediate periods of years, a few (investment managers) are bound to look better than average due to chance--just as would be the case if 1000 coin managers engaged in a coin-flipping contest. What about in the long term?
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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