Annuities aren’t the only thing Ken Fisher is concerned about…

Dear Mr. Market:Unknown-1

If you follow financial news at all, you have likely been paying attention to the controversy surrounding Ken Fisher. Ken leads a firm with over $100 billion in assets under management, and he made some comments that did not go over well at a recent industry conference. Following that, the media dug up past comments of his from social media and other industry events. Institutional clients have so far pulled out over $3 billion invested with Fisher, and the company is understandably now in PR damage control mode.

Many are using this as an opportunity to bash him and his organization. Ken has rankled many in his industry, whether from his overwhelming marketing success or his “I hate annuities” stance, and it’s a convenient time to sling mud his way. Continue reading

Social Security Scam Alert

Dear Mr. Market:Scam Alert

We normally pen all of our articles (letters) to you but in this case the work was already done. This one has nothing to do with the stock market or economy but everything to do with your hard earned money being threatened by another scam.

Scams are nothing new but they sure seem to be getting more prevalent and slicker by the day. As you’ll note from the chart below the number of scams are predominantly centered around Social Security and that trend is on the rise.Top Government Imposters

Click here to read an article written by Michelle Singletary in the Washington Post. In the timely article she includes a helpful list and some links that serve as critical reminders of what to be aware of out there.

Have a great weekend and stay alert!

 

Top 3 “Less is More” Hurricane Florence Stocks

Dear Mr. Market:Ambulance-Chasers

We don’t make it a regular practice to be ambulance chasers every time there is a tragedy or natural disaster. That being said, almost every major event (whether it’s considered good or bad) can create an opportunity for your investment portfolio.

Conversely, the old adage of “less is more”, could certainly apply here. We’re not simpletons just for the sake of it but in general the ‘less is more’ approach can greatly benefit your finances. Think about it…and if you haven’t already, we’ll spell out several major ways that having less of something will benefit your wallet: Continue reading

Making Financial Decisions After the Loss of a Spouse

Man's Hand Resting On HeadstoneDear Mr. Market:

Our letters to you typically center around the stock market, the economy, and related investment topics. At the end of the day, however, what is wealth (the accumulation, growth, and preservation of it) all really for? That answer is different for everyone but from our experience in meeting with thousands of investors ….it means nothing without family. Losing a loved one is always painful but when it’s your spouse there are also several financial issues that arise and knowing how to navigate is critical.

The following article is written by a guest contributor, Lucille Rosetti (see credits at the end):  Continue reading

Happy (Financial) Independence Day!

Dear Mr. Market:th-21

Apologies in advance for our clickbait headline. We usually aim to talk financial shop in our letters to you…but today is not about the stock market. Today, July 4th, is about independence, freedom, and the greatest nation on earth….the United States of America.

Lately the news headlines have been on an absolute overload of division and finger pointing. Truth be told..we’re absolutely tired and fed up with it. Watching and reading almost all sources of media simply takes its toll on you whether you realize it or not. As it relates to finance it has forced the untrained and emotional investor to make poor decisions. To every person who said I’m 100% out or in the stock market because of [insert political name/party]…you’re part of the problem. Holding this mindset is not using your brain as one may initially think but rather allowing another side of emotion and bias to drive your decision making process.  Continue reading

Happy Halloween: What Costume Is Your Financial Advisor Wearing?

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Dear Mr. Market:

Tonight is Game 6 of the World Series but it’s also Halloween. What are your plans? Will you be glued to the television or handing out candy to little ghosts and goblins? Since Mr. Market is a one trick pony and mainly wants to talk about the stock market, we’re sharing an article that was written five years ago on Halloween night. Enjoy!  Continue reading

Who does Mr. Market vote for…Donald Trump or Hillary Clinton?

Dear Mr. Market:

160323171742-hillary-clinton-donald-trump-investors-780x439How dare we put you on the spot like this?!? What an awful question! How will you (the stock market) react if Trump wins or if Hillary wins? By the way…as an aside….a great client of ours recently asked why everyone refers to Trump by his last name and Hillary by her first name. Why is that?

Depending on which side you’re on, this question may initially seem like simple semantics but it’s not. Are you “presidential” if you roll with a campaign based on your first name? Do you “feel the Bern” or did you “Trust in Ted”? Whether you’re a proponent of Hillary for President or Hillary for prison…it’s still Hillary. Where are we at America?

At My Portfolio Guide, the one thing we typically don’t shy away from is having a clear opinion. There are some great firms out there that simply can’t give you one! You’ll hear what you want to hear. They fear losing your “vote” or ruffling feathers. Yes…we understand that balance too, but as much as our job is about deciphering news versus noise…it does become important to take a stance. Continue reading