‘Chilling’ at Neutral

This weekend I had the opportunity to speak to the Baltimore Chapter of the American Association of Individual Investors (AAII). I was pleased to see so many members interested in learning about investment strategy on a Saturday morning. As I always do when discussing tactical asset allocation, I made it clear to the audience that…

The Good and Bad News About Global Diversification

Pinnacle managed accounts are globally diversified. Most investors readily acknowledge that diversification is a benefit in its own right, since it tends to reduce portfolio volatility and helps investors avoid large investment mistakes. Global diversification offers more of the same: By owning stocks in different countries, you presumably get to invest in equities that have…

In Your Best Interest

Registered Investment Advisors like Pinnacle Advisory Group are held by law to a fiduciary standard. That means that we’re bound to act at all times in our clients’ best interests, even if those interests should clash with our own. In doing so, we have a legal obligation to disclose to our clients exactly how we’re…

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…