September 23, 2015Is the Lingering Effect of 2008 on Investors Good or Bad?
Many private clients are still reeling — not least psychologically — from the crash of 2008, according to an Allianz survey of boomer and Gen X investors. To the extent it's true, is this a good thing or not?
It's positive because it encourages prudence.75% It's a bad thing. Fearful investors have trouble taking sound advice.
September 15, 2015Do You Care Whether the Fed Raises Rates This Week?
With markets in trouble and China on the ropes, it's now widely thought a toss-up whether the Federal Reserve will make the first interest-rate hike in nine years this week or maintain the status quo. How much does the Fed's decision mean to you?
A lot. It could trigger more downside moves in the market and make clients want to tinker with their portfolios.81% Not much. My clients are well-disciplined and understand the need to stick with their long-term plans through periods of turbulence.
September 1, 2015Has the Stock Market Regained Its Legs After Last Week?
Equities have seen some sharp session-to-session moves in recent weeks. Is the volatility dying down?
Yes, things really seem to be calming.79% Hold on for more turbulence. Moves like the ones we’ve just seen don’t die down so quickly.14% Ask me after Labor Day. August moves can’t be trusted.
August 26, 2015Do You Wish You Were Someplace Far Away?
A lot of people take vacation in the last half of August. Do you wish you were out with them this week, or are you glad you're here to keep investors calm as the stock market tilts south?
I’d rather be missing this over-hyped blip on the screen.61% Significant or not, I’m glad I’m here for my clients’ sake.
August 25, 2015How Bad Can This Market Downturn Really Get?
Recent sessions have been routs — with the China bubble, uncertainty about the Fed’s next moves, and a global slide in commodity prices assigned most of the blame. In your coldest assessment, do we have anything major to worry about here?
Yes. Too many negative forces are converging, and we’re due for some carnage.56% No. It’s just a hiccup (and a buying opportunity).15% It’ll be OK — if the Fed holds off on a hike.
August 18, 2015Who’s the Best Dem Candidate for the Wealth-Advice Industry?
Who among the leading Democratic candidates would be best, as U.S. president, for the financial-advice business. (We limit the field to the top three declared names in most polls, along with a catch-all category for other contenders, official or otherwise. Tell us what you think in the comments.)
Hillary Clinton13% Bernie Sanders3% Martin O’Malley58% Another candidate
August 4, 2015Who’s the Best GOP Candidate for the Wealth-Advice Industry?
At this early stage, which candidate for Republican presidential nominee do you think would be best, as U.S. president, for the financial-advice business? (We limit the field to the top three names in a recent Quinnipiac University poll, along with a catch-all category for all the other official contenders. Feel free to elaborate in the comments.)
Donald Trump18% Scott Walker27% Jeb Bush16% Another candidate
July 21, 2015What’s Your Call on the Impact of Robo-Advice Offerings?
Do you see robo-advice platforms as more of a threat or an opportunity for flesh-and-blood financial advisors?
Threat. Functionality around asset selection and allocation and tax management leave me with more to offer, but it’ll be a harder sell.81% Opportunity. Advisors who can blend robo tech with traditional approaches will be in play for clients who aren’t diehard do-it-yourselfers.
July 14, 2015Do You Plan to Do More Social-Media Marketing?
A decade ago people clamored that you had to have a blog. Will we look back and smile at those who now say the same about social media, or is it an unstoppable train? What are your social-media marketing plans?
I plan to increase my practice’s social-media marketing. It’s important.13% I’ll pass. Social media is a waste of time — I want paying clients, not Twitter followers.25% I’d like to ramp up with social media, but my compliance colleagues make it too difficult.
July 7, 2015What’s the Biggest Threat to the U.S. Stock Market?
Greece, China, the Fed, etc. — there is no shortage of weak spots and traps for the economy. What’s your pick?
Greece, if default fever spreads through the Mediterranean.16% The Fed ending QE II — you can’t simply “bake in” the main reason stocks have been up since the recession.79% It would take an unpleasant surprise — something no one’s focused on — in combination with more controllable weak spots to knock the apple cart over.