Where are we now?

Before I expound on the market I want to give you and update on “40 Years of Investor Mistakes” my new book. We are planning for a late April release date. This has been a labor of love; emphasis on labor. I will provide updates and excerpts as we get closer. We will also have some book signings and lectures.

New satellite office is now open in Colleyville TX at:

Tivoli Court Law Office

1205 Hall Johnson Rd

Colleyville, TX 76034

I have wanted a more convenient meeting place for clients in the north east Tarrant county area and also provide me a quiet place to work after hours and weekends.

We are also revamping the website and client relationship system to provide a more streamlined client contact experience. I will announce the rollout when they are up and running.

Now let’s discuss the markets. This was an interesting weekend for the financial journalist. The consensus was that Monday was going to be a rough day for the averages and I will have to admit even I was expecting a pull back and looking for some buying opportunities. Well the market really faked us out since we are now up almost 200 points on the Dow and 20 points on the S&P.

What does that tell us? Well the first rule is market predictions are dangerous to your portfolio and your reputation. That is why you didn’t hear me expounding the fear that a majority of the prominent prognosticators were giving us this weekend. I still maintain a cautiously bullish approach and since this is the first triple witching of the year this Friday expect volatility to rule.

Now you know I don’t give much credence to the Dow, however it is lagging the other averages for the year with a 2% loss. From a physiological standpoint and since most of the retail investors make their investment decisions based on this index we need to go positive to bring animal sprites back to the market.

Thanks,

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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