Dull Days of Summer

It is Monday August 19, 2013, and it seems that everyone has left the building. History has shown us that from August to mid-September equities are not in the forefront of investors’ minds and many money managers are just trying to hold on to what they have gained. The net worth of American households have increased by 14 trillion in the past two years as rising house and stock prices have moved up very nicely. Of course, those not invested properly did not experience these gains.

I keep receiving the same old question, “Is it too late to get invested?” My answer is if you compare it to March 2009, yes. However, I believe we are still at the beginning of a super-cycle bull market that will have a totally different driving force, but will provide gains similar to the one that 1980 to 1998 provided. Be aware corrections will be experienced. That is why academic based portfolio management and a skilled and experienced advisors/coach will become very necessary to profit this next bull cycle.

For the short term I view the market as oversold. Once this fear of easing by the Fed subsides and the professional traders get back to work we should experience a strong year-end rally and gains continuing into 2014. A time of digestion and a possibly mild correction would not surprise me over the next two months but the train that left the station in 2009 has slowed down enough that all of the hold outs are being offer a chance to get aboard.

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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