What a Difference a Month Makes

Only a little bit ago we were reading how the end of the world “could “be very soon and how hedge funds recommended protecting your portfolio from the next crash. Our illustrative economist painted a very somber picture that of GDP and how we would be lucky if the 3rd quarter was 1%. Incidentally, it was 2.5% on 10/27/2011.

As of today, 9 out of 10 economic driven reports have been positive. Earning reports have been much better than what was expected and even job creation has stopped trending downward. The problem we face now is the indexes have gone from oversold to overbought in less than a month. So expect some consolidation before we resume our upward trend.

Please join us for our Halloween webinar special this coming Monday, October 30th at 3:00 pm CST. I will review the year, talk about what I am observing for the rest of the year and some changes to our various investment models. As we enter this presidential election year there will be both opportunities and challenges.

Talk to you on Halloween.

BOO

Bill

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About billriley

Chief Executive Officer, Chief Compliance Officer A co-founder and shareholder, William Riley is a 33 year industry veteran, who observed, many years ago, that over time institutional investors typically outperform individual investors while accepting less risk. In his role as Chief Executive Officer, Bill works tirelessly to make the wealth management strategies used by the world’s wealthiest families and largest institutions available to our firm’s individual clients. Bill combines fundamental and technical analysis to minimize investment portfolio risk and maximize potential returns. He uses a variety of non-correlated asset classes, including alternative investments, to minimize portfolio volatility and seek absolute returns in down or flat markets. Finally, Bill believes in a comprehensive approach to wealth management that fully coordinates and seamlessly integrates portfolio management, risk management and asset protection, trust, estate, tax and charitable planning. Prior to co-founding Riley Wealth Management ,LLC, Bill held management positions at Merrill Lynch, UBS, Raymond James, Paine Webber and J.C. Bradford. Bill founded Fort Worth branches for Raymond James and J.C. Bradford. Prior to entering the financial services industry, Bill ran his families closely held businesses. Bill’s experience operating family businesses combined with his wealth management experience makes him uniquely qualified to advise entrepreneurs and business owners on a variety of matters including complex and sensitive issues relating to business succession. Bill’s degrees and designations included a Masters Degree in Business Administration (MBA), the Chartered Financial Consultant designation (ChFC), the Chartered Life Underwriter designation (CLU) and the Wealth Management Specialist designation (WMS). A Fort Worth native, Bill is a TCU alum and active in many civic and charitable organizations. Bill and his wife, Marsha, now reside in Colleyville, and they have four grown children and four grandchildren. When he is not working on portfolios or studying financial markets, Bill can be found on the golf courses of Ridglea Country Club.
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