Nov.5, 2012

Well, it is Monday morning and if all goes well we will know who will be in the White House sometime early Wednesday morning. Along with the let’s just get this over and the unknown unknowns of whoever wins  the problems that are in front of us will not be solved with the election results, tension from My Crowd is building rapidly. As a financial advisor your job is to protect your client’s assets first and make a return based on your client’s needs. However, the unemotional discipline and maintain your objectives and principles of investing is being tested to a very high degree.

What is important is that what we fear does not usually happen like what our emotions have us think it will result in. From my world the best barometer that votes every trading day is the U. S. stock market, and from what I see from the three indictors that I rely on Psychology, Monetary and Valuation, These are all positive and from my technical charts a buy signal was sent on U.S Equities. Therefore, the market is not predicting who will win but it is telling us that just getting the results and finding what the rules of the game are will take away the unknown unknown’s and produce the known which will remove the uncertainty that has produced the heavy fog draping over the market even has I write this piece.

I will attempt to send out a morning update throughout this week as all of this theater plays out. As I glance at my monitor the markets are basically flat with low volume. So we enter the waiting game but I am working on what changes if any need to be done to our portfolios. Since I have stayed fairly defensive coming into this I don’t see any abrupt changes this week, but like the “best laid plans of mice and men this too is subject to change”.

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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