We’re halfway through the year, and it’s been a volatile one. Brexit was just 1.5 weeks ago, and don’t forget that horrible January. And, this is an election year. What are my thoughts about this year, the big picture, and the election year in particular? Click on the video (6 minutes) for my thoughts. Transcript: Hi there. Mike Brady with Generosity Wealth Management, a comprehensive, full-service financial firm here in Boulder, Colorado. Although I have to admit it’s July 4th weekend I’m recording this on Sunday the 3rd and I’m at my Wyoming cabin. You know with today’s technology, internet, ... Read More
Last week I did a full newsletter on Brexit, with video, explaining my thoughts. The market over-reacted (in my opinion) and then came back to almost where it was before the whole event. Good newsletter if I do say so myself, and recommend you check it out if you haven’t already. 2016 06 29 – Brexit Thoughts Read More
While there have been some exciting one day swings in the unmanaged stock market indexes so far this year, it’s actually been relatively calm, without big 5% and 10% weekly and monthly swings that we see periodically in the markets. As of the end of the 2nd quarter, most major unmanaged indexes were about break even. In my video, I talk about the impact Greece and China may have on the markets going forward, and how the potential interest rate hike in September may affect things. I’m not gloom and doom, so if you’re looking for that, than you better ... Read More
Tensions with Russia, slowing global growth and falling consumer confidence mean the region’s biggest economy struggled to grow in the past 3 months, and may turn out to have shrunk for a 2nd quarter running. Across the Eurozone as a whole, recently released data showed that economic sentiment dipped in September for a 4th month in a row. Questions abound about whether this could lead into a vicious circle of falling prices and stagnation. I’ll continue to watch this closely and make some macro recommendations for my clients as this continues to unfold. Risk of Third German Recession Pressures Europe ... Read More
I’ve been watching the situation in Europe for years now, and fundamentally they have serious long term issues. Specifically, their debt levels, unfunded pension obligations, and employment policies. The long term unemployment rate for Europe has only gotten worse in the past few years. Click on the below link for the full discussion of this Unemployment in Europe Still a Disaster- Full Article Read More
There is so much in the news right now, most of it about the impending debt ceiling crisis. Most of what you read, hear, and watch is sensationalized (in my opinion), so in this quarter’s video I basically dissect where we are right now, paying attention to the data points that I think are relevant. Being the contrarian I am, I also address some common, assumed facts or assumptions that I simply don’t believe. A longer than normal video, but let me conclude by saying I’m still optimistic, and not freaked out (unlike pundits on TV). Click on my video ... Read More
The second quarter was a tough quarter, particularly at the end. Continued emphasis on government fiscal and monetary policies, both here and abroad, played havoc with bond, stock, and precious metal investors. It’s enough to make my hair turn white! Click on my video to get my thoughts on the past quarter (over-reaction) and the upcoming one. The year is not over! Hello, Mike Brady here with Generosity Wealth Management, a comprehensive full service wealth management firm headquartered right here in Boulder, Colorado. I’m here for my second quarter review and my third quarter preview. I wish I could sit ... Read More
The first quarter was a strong quarter, particularly for the unmanaged US stock market indexes. But what is going on in Europe? What might the unintended consequences be of the Cypriot banking issues? I talk about all of this in my video, so I highly encourage you to take a few minutes and listen to my thoughts. Graphs referenced in the video: Full Graphs Transcript: Good morning. Mike Brady with Generosity Wealth Management, a comprehensive full service wealth management firm here in Boulder, Colorado, and I am so pleased to talk with you this morning because we’re going to ... Read More
August 20th is a pivotal date when 3.8 billion Euros are due from Greece to the European Central Bank. The IMF is saying that if this isn’t paid, they’ll stop loaning money to Greece. Once the IMF is done with Greece, will the European Monetary Union be far behind? In my opinion, Greece will exit the Euro sooner rather than later, and this is good for the long term strength of the Euro. How will this affect our US markets? Always the big question. More stability and stronger private balance sheets makes the US a better investment I believe. Here’s ... Read More
There are few things the stock and bond markets hate more than uncertainty. Currently, part of that uncertainty is the unraveling of the European Monetary Union and the impact that will have on us here in the United States. Since the beginning of the year (see January and April videos in particular) I have been optimistic, but I have to say my enthusiasm for this market is waning. The summer months, historically difficult in themselves, have me concerned with lower GDP numbers, continued unemployment leading to the election, but most importantly concerns about the debt problem in Europe and domestically. ... Read More
John Mauldin is one of my favorite newsletter writers. This week’s newsletter speaks exactly to what my video above addresses–the elephant in the investment room is Europe. I highly encourage you to set aside 10 minutes to read this weekend’s newsletter. It goes into greater depth than I can in the 3 to 4 minutes for my video. Europe is the concern as we enter the dull summer months. Waving the White Flag Read More
Are you tired of reading and hearing about Greece? Me too, but that doesn’t mean it’s going to stop. The most recent Greek agreement is a joke (in my opinion) and makes a significant number of overly optimistic assumptions about the future. As I view it, there is no way the European Monetary Union can survive in it’s current form, and definitely not with Greece in there. Where is the money to be made for investors like us? I continue to advise a higher allocation to the United States and avoid Greece and the whole of Europe for at least ... Read More
Goodbye 2011 and hello 2012! What happened and what’s my outlook for 2012? Optimistic or pessimistic? Watch my video to find out. TRANSCRIPT: Hi there, Mike Brady with Generosity Wealth Management, and today I want to talk to you about a little bit of a review on 2011, but spend most of my time talking about the current situation right now. And you know, maybe do a little bit of a, …, thinking about 2012 and what the future may hold. 2011 was a real volatile year. I mean frankly, when we look back at year upon year we ... Read More
Europe has been, and will continue to be, the news event going forward. The effect it has upon the US is irritatingly large, whether we like it or not. As I’ve stated in previous newsletters, the European Monetary Union (Euro) will have to change drastically for Europe to weather their problems. There will also be some drastic, fundamental ways the relationship between state and citizens will change. The question is: what does this mean for your investments? 1. I continue to caution against all things Europe 2. Constantly evaluate the allocation of your investments to ensure they’re meeting your risk ... Read More
Italy is as much as financial trouble as Greece. Their money supply is drying up, and unlike in the US, they don’t have the same tools at their disposal that we have (like printing money). The chart at the right is the money supply at the Bank of Italy. Click for Italy’s Crashing Money Supply Read More
What an interesting month! Who would have thought it would turn out to be such a good month just a short 3 to 4 weeks ago? Many people actually, if you seek out alternative voices to that which you see in the daily paper or newscast. I talk about this in this week’s video below. Also, I talk about how you should assess the level of communication in the past 2 to 3 months from your adviser. Did you hear from him/her? You sure as heck should have. Lastly, now is a great time to get back to basics. Click ... Read More
By far the easiest and best chart I’ve seen to explain the European problem was published last weekend in the New York Times. If you’ve been wondering if you’re the only person confused by what all the hub bub is about, this is your opportunity to get caught up. Click for an outstanding chart on the European problem Read More
The 3rd Quarter 2011 is over and I have a slightly longer video this week because I want to address the current environment and how things may shape up going forward. A big theme is my advice to assess your overall plan and risk tolerance, and also to ensure you’re looking at both positive and negative points of view on the markets instead of just one view over the other. I send my newsletter and videos on a weekly basis, so if you watch only a few througout the year, at least watch my more comprehensive quarterly videos. Click to ... Read More
The big question we need to answer is “what happens after a Greek default?”. Lehman’s collapse was a full year before the financial crisis of 2008, and it’s very probable the full impact of Europe imploding won’t be felt for some time. We, as investors, need to stay informed and ready to react. Please continue to read my newsletters and blogs, and have my number in your speed dial. 303.747.6455 CLICK FOR FULL ARTICLE – EUROPE ECHOES OF LEHMAN Read More
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.