You can really learn a lot from this article by Jason Zweig of The Wall Street Journal, titled "The Fight Over Who Will Guard Your Nest Egg". If you currently employ a Broker, Financial Planner, or Financial Advisor, this article applies to you. If you do not know the difference between these different types of financial professionals this article will be extremely beneficial for you. Especially focus on what SEC Chairwoman, Mary Schapiro has to say near the end of the article. And if you would like to learn where Anderson Griggs Portfolio Management stands, give us a call.
This is a great article revolving around one of our biggest yet most simple investment philosophies, that of supply and demand. The government needs to raise cash through the sale of treasuries, however demand right now is not there based on the current rates. This indicates to us that rates will be heading higher. We feel this simple, yet powerful rule is applicable for any investment vehicle, be it treasuries, other bonds or stocks.
The important thing being shown in this article is that President Obama is thinking before acting. Protectionism at this moment of any form would be bad for our nation. The intended purpose of the Buy American bill is to protect American Jobs. However it would only protect the jobs of certain industries, while leading to a trade war. Due to economic globalization, a trade war would harm American exports - other countries won't buy American goods. If you don't have anyone to buy the goods you can produce, you no longer need workers to produce those un-se
The media literature today is supersaturated with pessimism. It oozes from the pores of the media sphere, coating everyone with its overbearing encumbrance. Give it up to Ken Fisher for being a reliable staple in seeing what others don't see.
The term confirmation bias just sounds neat. If you haven't already heard the term or know what it means, this article is a great introduction. During the never-ending process of developing, monitoring, and maintaining our portfolios here at Anderson Griggs, we frequently remind each other of this global human fault so as to minimize the damage it may pose to our research. The author of this article, Michael Shermer, while speaking of the easily gained acceptance of cult logic, hits the key to overcoming this bias when he speaks of stepping outside to reach a new reference point and d
This article is jam-packed full of good common sense information. The president of the European Central Bank wrote it. You can get as involved as you want in the countless points of interest brought up in the article, but two ideas expressed, which are dear to both my heart and the heart of Anderson Griggs, are short-termism and transparency. If you are a conservative, common sense investor, know that trying to tag along with the excitable and brash short termists will only pull you under to their predetermined watery grave. Also, and most importantly, you cannot evaluate risk if yo
First off, I like the title of this article. It is nice and positive, and probably the best prediction stated throughout the article, especially if you have an unending time horizon. Perhaps my joke is in poor taste, however when you read the entire article, how do you sum up all of the recommendations, forecasts, and historical trends? Personally, I am brewing some tea as we speak, and making my next long term investment on the lay of the leaves.
Buy American. I Am.
And who is the "I" in this sentence? Well if you are our clients, and have been able to focus on the same litany both Kendall and I have often preached for the past 3-30 years, you may mistakenly, before reading the article, assume "I" is either Kendall or myself. However, the "I" in this article is none other than Warren Buffett.
This is a nice reassuring article, written by Jason Zweig, that can give you a little social proof to think about. If you are worried sick about today's market you are not alone. Even the greatest masters of investment history, the article points out Benjamin Graham, are not immune. However, the underlying message remains the same. Staying strong, as the reference to Floyd Odlum points out (he had cash during the great depression, and continued to buy stocks throughout, even during decline) can pay off.
Due to the current fear and uncertainty spawned by the increasing list of bank failures, you may find yourself worried about your own bank, or more importantly your personal deposits within your chosen bank. What happens to your money if your bank fails?
Anderson Griggs & Company, Inc., doing business as Anderson Griggs Portfolio Management is a registered investment adviser with the US Securities & Exchange Commission. Pursuant to laws and regulations Anderson Griggs also maintains notice filing with several individuals state regulators including North and South Carolina. Anderson Griggs only conducts business in states and locations where it is properly registered or meets state requirements for advisors. This commentary is for information purposes only and is not an offer of investment advice. We will only render advice after we deliver our Form ADV Part II to a client in an authorized jurisdiction and receive a properly executed investment Management Agreement. Any reference to performance is historical in nature and no assumption about future performance should be made based on the past performance of any Anderson Griggs Investment Objective, individual account, or index. The authors of publication are expressing general opinions and commentary. They are not attempting to provide legal, accounting, or specific advice to any individual concerning their personal situation. Anderson Griggs Portfolio Management's office is located at 113 E. Main St., Suite 310, Rock Hill, SC 29730. The local phone number is 803-324-5044 and nationally can be reached via its toll-free number 800-254-0874.