See what Jeffrey Kleintap, CFA for Lensco Private Ledger Says. Article link below:
Jeffrey says:
" However, it is unlikely to be clear sailing for the rest of the year as volatility is here to stay"
My take:
Creative Commons License 8/3/2011
Randy Taylor, Author
Website: http://finsecurity.com/RTaylor
Linked in Recommendations:http://www.linkedin.com/in/randytaylorlifeandannuities
Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983
(916) 601-5270
Creative Commons License 8/3/2011
Randy Taylor, Author
Website: http://finsecurity.com/RTaylor
Linked in Recommendations:http://www.linkedin.com/in/randytaylorlifeandannuities
Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983
(916) 601-5270
One of the top 5 money managers in the world now; Allianz SE, is holding 183% of their new premium dollars in short term instruments instead of buying over priced or junk bonds in order to keep their yields up.
What does this mean? It means that when one of the largest money managers in the world gets conservative; it only supports what is commented on in the article below. (click on link) I have been to the home office of the two most popular insurance companies and money managers in the world and was able 2 years ago to talk to the actual actuaries of the company that own Pimco; the largest bond portfolio manager in the world. What I found interesting is that the conservative companies like Allianz of North America weathered the financial storm about 3 years ago by holding cash instead of buying overpriced bonds while their competitors took larger risks.such companies had to actually refuse business at that time because they could not borrow money in amounts large enough to cover legal reserve requirements.
Please read :(also note the pie chart )
The solution: Contact your financial advisor, attorney, and/or tax professional for advice.
I personally specialize in IRA savings accounts that feature safety by contract guarantees.
See what Jeffrey Kleintop, CF at LPL has to say about the markets expected volatility.
http://tinyurl.com/42uke87
Website: http://finsecurity.com/RTaylor
Linked in Recommendations:http://www.linkedin.com/in/randytaylorlifeandannuities
Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983
(916) 601-5270
Creative Commons License 8/3/2011 It is ok to copy or distribute this article as long as it is copied in it's entirety and not altered in any way.
Website: http://finsecurity.com/RTaylor
Linked in Recommendations:http://www.linkedin.com/in/randytaylorlifeandannuities
Life insurance and I.R.A. Account Specialist
Serving clients and brokers since 1983
(916) 601-5270
Creative Commons License 8/3/2011 It is ok to copy or distribute this article as long as it is copied in it's entirety and not altered in any way.