Meet Michael Kitces
Meet Michael Kitces, financial planning wunderkind, Partner, and Director of Planning Research at Pinnacle Advisory Group.
Getting Ready for a Consolidation
What a ride this year has been in the markets. Volatility has been sucked out like water through an unplugged drain, any bad news has been quickly absorbed and discarded, and equities keep gliding to the upside. During this Bull Run, the market has climbed an enormous wall of worry, and has found a way…
The Ancients Knew Something About Investing
“Let every man divide his money into three parts, and invest a third in land, a third in business, and a third let him keep by him in reserve.”
Financial Stocks Join the Party
Financial stocks have been a controversial sector since suffering massive losses in 2007-08, much like Tech stocks were following the bursting of that bubble in 2000. Financials have also generally been out of favor during the recovery of the last few years. In 2011, they were the worst performing sector in the S&P 500, and…
Is High-Frequency Trading a Threat to the Markets?
One of our clients recently asked what we thought about high frequency trading in regard to the risk embedded in markets. I responded that dark pools and high frequency trading are not well understood, and in my opinion exacerbate very short term volatility — sometimes at particularly stressful periods in the market. The question is,…
Nattering Nabobs of Negativism
Ed Yardeni is President and Chief Investment Strategist of Yardeni Research. He has been a leading commentator on the economy and financial markets for 25 years, and his daily column has been required reading for Pinnacle analysts for years. Yardeni (at least for the time we’ve been reading him) is known for being generally optimistic…
60 Seconds with Michael Kitces: On Becoming a Partner
Financial expert and industry guru Michael Kitces talks about recently being made a partner at Pinnacle Advisory Group.
Following the Beta Trail
In our Inside the Investment Committee presentation, I mentioned the great start to the year for high beta, domestic cyclical stocks (“high beta” refers to the volatility of the stock compared to the S&P 500). Small cap, semiconductors, miners, and energy stocks have more volatility when compared to the S&P 500 and therefore a higher…
The Case of the Unwanted Inheritor
Last month a grandson of one of our clients called me with the sad news that his grandfather had passed away. I knew his health had been fading over the past year, so while I was sorry to hear it, I wasn’t entirely surprised. It was a difficult conversation, as those things are, and the…
Ken Solow: Is this a Reasonable Time to Take Risks?
Pinnacle Advisory Group’s Chief Investment Officer Ken Solow looks at the firm’s performance in bear and bull markets. The keynote presentation from our February 25 Inside the Investment Committee event.
