Managing your finances today, let alone planning for what tomorrow may bring, doesn't happen automatically —or easily. JCFA can work with you to define, develop, refine, and monitor progress towards your short term and lifetime goals. We find that an ordered financial life brings balance, a sense of well-being and confidence to our clients' professional and personal lives.
Headlines this week:
Academe experiences the decline in humanities in favor of hard science and technology in spite of the fact that business leaders of today are trained in the humanities and social sciences.....what will happen to communications and writing skills? Read more. Click here.
House hold wealth increases as families improve their balance sheets. Will this lead to more consumer spending and growth in the economy? We will see.
Points to Consider Now.
1. Stocks continue to move higher, with the Dow hitting record highs. Fund flows have picked up but many investors remain on the sidelines waiting for an elusive pullback. The economic news has been generally positive and above expectations, but headwinds haven't disappeared and a pullback is always possible.
2. There's little question that continued easy monetary policy by the Fed has helped fuel stocks and should remain a support; but there are traditional fundamentals at work as well. At the same time, investors and politicians alike seem to be suffering from a bit of "crisis fatigue."
3. Europe's economy remains mired in recession, but stocks tend to lead the economy and we remain positive on European equities as long as confidence in the ECB remains high. Conversely, we are concerned about the buildup in debt in China and suggest caution for investors who have aggressively invested there.
4. The trend of a manufacturing renaissance happening here in the United States concept is getting more mainstream. Many US companies are moving operations back to the United States, while many foreign companies are looking to set up shop here. The skill and productivity of US workers, combined with the logistical and regulatory advantages of bringing manufacturing operations back home, seems to be outpacing the now rising costs of labor and doing business in China and many other emerging economies.
5. A Boston Consulting Group study projected that the United States will gain two to three million jobs from higher exports and production work shifting from China. But it’s not just China. BCG projects that by around 2015, the United States will have an export cost advantage of 5-25% over Germany, Italy, France, the UK and Japan in a range of industries.
With this tremendous uncertainty comes tremendous opportunity. Maybe it's time to move to professional management
with J. Cole Financial Advisers, Inc.
But, please remember this...... 10 rules for a good night's sleep.
1. Markets tend to return to the mean over time. 2. Excesses in one direction will lead to an opposite excess in the other 3. There are no new eras — excesses are never permanent.
4. Exponential rapidly rising or falling markets usually go further than you think, but they
do not correct by going sideways. 5.The public buys the most at the top and the least at the bottom. 6. Fear and greed are stronger than long-term resolve. 7. Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names. 8. Bear markets have three stages — sharp down, reflexive rebound and a drawn-out fundamental downtrend. 9. When all the experts and forecasts agree — something else is going to happen. 10. Bull markets are more fun than bear markets. No kidding.