What to Really Focus On

The 2nd quarter of 2013 was not as good as the 1st.  As I regularly say, “Trees don’t grow to the sky”; and with the volatility experienced in the past quarter the markets struggled to show a gain. But what is really important here is the fact that the 1st quarter gains were what we usually what we hope for in one year. Fixed income took it on the chin due to the good news on the economy and the expectations that Bernanke was raising rates as soon as the news conference ended. Since we hold very little Treasuries, I felt we would be insulated from possible rising rates. However, the skittish bond vigilantes marked down the price on anything that had a yield.

What investors have overlooked the S&P small caps. They are now outperforming the majors and this will give more support to the bulls as this plays out. I am also seeing improvement is the foreign markets; with one of my indicators, the World Bullish Percent, turning positive last night changing the downward direction which has lasted for about 24 months. This will also add to the bullish sentiment.

My main message is to focus on what is really happening not the opinions of “experts” who think they know what is going to happen. The main focus is to observe what the real economy is doing not headlines and the fear mongers are telling you.

Please contact me if you would like to go over your statements before I have a chance to contact you.



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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