The Wealth Advisor - Latest Comments

Re: With Trump’s Effort to Remove Fed Governor Lisa Cook, Stagflation May Become Reality

William Hoover — Thu, 28 Aug 2025 09:58:55 -0000

Let me get this straight-getting a Fed governor who has been accused of criminal behavior will cause stagflation????? Having a Fed Governor like that seems to be a much worse result-

Re: Finra Suspended and Fined LPL Financial Advisor For Recommending an Unsuitable, Complex Mortgage-Backed Security to a 95-Year-Old

Does That Make Sense — Mon, 18 Aug 2025 08:07:00 -0000

Clients are ridiculous with their expectations of risk and the industry enables this nonsense.

There is nothing that has “No Principal Risk.” Cash and equivalents are the closest but they still hemorrhage due to taxes, inflation, and fees. This nets an annual negative return but it’s guaranteed to be a negative return so that should make them feel better. What safety or security is there?

This is an opportunity for us to educate them or not take them as a client?

The GNMA note also has a guaranteed negative true return so that was probably a bad recommendation but still better than cash.

If you, at age 50, go to the doctor and say, “Doc, tell me what I have to do to live to 100, I’ll do it, except for surgery. I hate surgery and I’m scared of it.” The Doctor comes back and says, “I have good and bad news. I can get you to 100 if you change your diet, workout 3x a week, drink orange juice daily, and get these 3 not 1 surgeries, otherwise you die in 10 years.”

You now change your attitude toward surgery or you accept dying early. It’s your choice.

The same thing is with investing. What the client wants is often impractical and foolish but it’s our job to analyze, explain and teach as to what is best for them because they truly don’t know.

Next, at 95, who is the money truly for? He’s quickly approaching single digit probability of death. Saying that he could live to 120 makes it more crucial for him not to be in cash as he will have over a 50% devaluation of his principal just because of inflation. Ultimately the money is for his heirs or charity and doesn’t he want to maximize that benefit or does fear rule him.

Let’s stop allowing the lunatics to make the rules.

Re: ‘She’s a Midlife Crisis Rebound’

EllenFD — Wed, 13 Aug 2025 00:44:33 -0000

Jackman has never been quoted as calling his new partner his "soul mate." That is unattributed gossip by so-called "insiders." Meaning: not verifiable. Don't be so quick to judge.

Re: White House Says Trump Wrote Powell to Urge Lower Rates

Ron Surz — Tue, 01 Jul 2025 18:52:50 -0000

There's a Catch-22 in moving interest rates up or down ass described here: https://www.advisorperspectives.com/articles/2025/03/24/catch-22-feds-interest-rate-decision

Re: Warren Buffett’s Favorite Valuation Indicator Flashes Buy Signal

Ron Surz — Fri, 02 May 2025 18:15:41 -0000

180% is not a buy signal unless you like paying a lot.

Re: Jamie Dimon Warns Of Slower Growth, Higher Inflation As Tariffs Reshape Global Economy: 'We're Not In Kansas Anymore'

Aubrey Morrow — Mon, 14 Apr 2025 00:42:45 -0000

Always interesting - same article on same page...April 7, 2025

(Yahoo! Finance) - JPMorgan Chase (JPM) CEO Jamie Dimon said the Trump administration’s new tariffs will produce short-term inflation and "slow down growth" but whether they cause a recession "remains in questio

Roubini Predicts No US Recession In 2025, Defying Doomsayers

Re: Robert Rubin Blames Trump for Most Uncertainty In 60-Year Career

Obama_Osucks_Oass1 — Wed, 05 Mar 2025 19:20:19 -0000

What an imbecile!!! Rubin is perfectly fine continuing along on the path of an endless printing press of money! Since 2008, our national debt has increased from $8 Trillion to $36 Trillion. Today, the national debt is increasing by $1 Trillion every 93 days.

There is a huge trade imbalance that will only get worse unless addressed. I guess Trump is the only one that had the balls to say "no more"! Sure the tariffs are going to be difficult, but it will definitely bring the Canada, Mexico and China to the talking table. All 3 of those countries economies are weak and cannot stand tariffs for long. China is currently weakening the Yen.

Rubin is just another puppet the left has used to fund the money laundering scheme!

Re: JPMorgan CEO Jamie Dimon Reaffirms DEI Commitment Despite Industry Shift

jrpower — Wed, 26 Feb 2025 17:04:56 -0000

The continued implementation of DEI as a principled endeavor is essential to long-term corporate health. Broadening the range of staff members inevitably will draw in a broader range of clientele. It will also bring in new ideas that can move an organization forward. The problem with DEI as implemented in many places was that it was the domain of black activists who emphasized the blame game, largely accusing white men of all their woes. Not a smart way of winning and the reason for the discontent. Organizations are richer when they draw in the talent from all segments of American society and there is a lot out there. Once they are brought in they need to be fully embraced and engaged as part of the team. No tokens to show a face but real contributing members. That's what DEI is all about and it isn't going away because this nation is one of diverse population groups.

Re: BlackRock Is Trying To Avoid The Hot Seat As GOP Takes Power

Yeah,right — Mon, 20 Jan 2025 16:55:22 -0000

Interesting everyone views Trump 2.0 as a 'threat', whilst the outbound administration and the BHO acolytes operated under the premise of threat, controlled narratives (see Zuck's reversal of censorship as 'releasing factcheckers') Reality (of common sense) is setting in. Fink & Co, only display their disdain for anything other than making money at other's expense....

Re: Marc Andreessen Outlines The DOGE Priorities

David Rossien — Fri, 17 Jan 2025 16:39:04 -0000

From https://fortune.com/2022/07/21/crypto-vc-giant-a16z-remote-work-cloud-headquarters-future-of-work/

Well-known venture capital firm Andreessen Horowitz is ditching its Silicon Valley headquarters and going all-in on remote work, one of the most high-profile examples of the pandemic’s profound impact shaking up longstanding tech industry norms.

A16z, as the VC firm is known, will allow its employees to work in different parts of the country, co-founder Ben Horowitz announced in a blog post on Thursday, saying that Silicon Valley’s famous “network effect” has been weakened as businesses increasingly move to remote and hybrid work models.

“Our headquarters will be in the cloud,” Horowitz wrote, citing the benefits of reaching a more geographically diverse talent pool than was possible in the past.

Re: US Treasury Says It Was Breached By Chinese-Backed Hacker

Steve Grant — Mon, 06 Jan 2025 17:55:39 -0000

"State sponsored" could mean almost anything - as could "Tied to China" - so ambiguous as to be meaningless.

Re: Hedge Fund Manager John Paulson Has Deep Concerns If Kamala Harris Wins The Election

cybear52 — Sat, 21 Sep 2024 04:15:03 -0000

Scare tactics by MAGA-influenced hedge fund mgr, especially since he is a guest on MAGA-Fox program, is clearly intended to boost investor interest in his fund and feed the glowing embers of market apocalypse. Real data shows sudden panic dips in the last 10-20 years (excluding subprime screwup) have recovered quickly, typically a few months. Both candidates have differing ideas for the economy that will always become deadlocked, dead-ended, or compromised by Congress who have the ultimate last word. Business as usual, and the market will always fluctuate.

Re: The U.S. Doesn’t Have To Pay Off All Its Debt, And There’s An Easy Way To Stabilize It

🤍Magnificat🤍Love Revolution🤍 — Wed, 11 Sep 2024 02:14:11 -0000

"Given the political will, we could resolve debt concerns quite easily," he wrote. "To the extent that debt is a problem, that’s a reflection of political dysfunction, mainly the radicalization of the G.O.P. That radicalization deeply worries me for several reasons, starting with the fate of democracy, and federal debt is nowhere near the top of the list."
PAUL KRUGMAN Democratic Actor

Re: Charles Schwab Sued For Breach Of Fiduciary Duty

Michael Matheson — Wed, 04 Sep 2024 20:15:45 -0000

SCHWAB offers a money market that currently pays 5.12%. If you have enough money their ultra money market pays 5.27%. Any advisor our retail client should have enough brains to figure this out. As an advisor, SCHWAB charges me practically nothing to conduct my business. They make money on their cash sweeps, but they gotta make money somehow or else they would fee me And or my clients to death I wish people would quit using their ignorance to blame SCHWAB.

Re: Charles Schwab Sued For Breach Of Fiduciary Duty

FutureUser@mindspring.com — Wed, 04 Sep 2024 13:49:50 -0000

And after the lawyers take their cut, there will be even less sweep interest to distribute.

Re: Harris's Proposed Unrealized Capital Gains Tax is Unlikely to Pass: CIO

jrpower — Tue, 03 Sep 2024 12:09:00 -0000

Taxing unrealized capital gains is typical Democrat envy taxation and an appeal to those that have little and want to punish those that have had financial success. The idea is fraught with so many hurdles. How does the federal government get into the business of annual evaluation of assets? How does it do so accurately? Does it give money back when there are losses? It is almost impossible to implement, but that never deters political campaigns who make nonsense appeals to voters who haven't a clue. But watch out. The tax advantaged capital gains tax might just go away and all becomes ordinary income. Now that could be done. Great policy. Punish investment. In a capitalist economy! Oh, I forgot. Socialism is great!

Re: Powell Signaling a Potential Shift in Monetary Policy

jrpower — Tue, 03 Sep 2024 12:02:53 -0000

Hmmm. The commentary is specious. I'm quite sure Posen knows how much data the Fed actually examines and how it tracks that data over time. If I know that he certainly must. It would not be possible in a relatively brief speech to discuss the plethora of economic data the Fed analyzes to make a decision. I've heard from analysts from the Boston Fed as well as the President of the Boston Fed. Innumerable charts on a wide range of data that serve as indicators. While the discussion may have focused on the labor markets and unemployment (and that is a Fed mandate) the background data is far more than just that number. Methinks someone is just looking for his moment in the sun and criticism of an identifiable person get one that.

Re: Jamie Dimon Wants To Hit Millionaires With The ‘Buffett Rule’ To Tackle National Debt

Kenneth Renfro — Mon, 19 Aug 2024 17:55:18 -0000

Mr. Dimon and Mr. Buffet are disingenuous at best and hypocritical at worst.

If this was really an issue for either of them, then they would simply write a big, fat check to the US Treasury for any amount they feel they are underpaying.

Instead, Mr. Buffet sends his great wealth to his charitable foundations having paid $0 capital gains taxes. I don't know anything about Mr. Domon's finances but I'm sure he has a cadre of lawyers and accountants minimizing his tax bill and shielding all his stock awards, etc.

Finally, the US government doesn't have a taxing/revenue problem, but a spending problem. It is no longer a federal government, but a large insurance company guaranteeing ever increasing aspects of life.

Re: Bill Gross Says Don’t Buy The Dip As Stocks Crash While Warren Buffett’s Moves Hint At ‘Sell Signal’

josh — Mon, 05 Aug 2024 08:51:51 -0000

NEver heard of Jay Hatfield and these endlessly bullish predictions never pan out. Mkts are still expensive and Buffet is building cash to help keep his many companies afloat if things collapse. If not, he can buy almost any company in the world for cash now.

Re: LPL Financial is Introducing New Clauses in It's Service Agreements

Nenad Tufekcic — Wed, 31 Jul 2024 07:16:07 -0000

Yes, it's a valid point as private equity has been gobbling up wealth management firms - why would a publicly held RIA like LPL Financial want to be in business with private equity firms (even in small percentage amounts) whose governance and culture is not aligned with theirs?
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Re: Warren Bueffett's Stock Market Valuation Indicator Has Reached A Record High

Ron Surz — Mon, 22 Jul 2024 10:41:35 -0000

Baby boomers are in the "Retirement Risk Zone" when loses can devastate the rest of life. They might not recover from the next crash. https://www.linkedin.com/pulse/baby-boomers-better-get-out-stock-market-now-ron-surz-jrdtc

Re: Report: Trump Wouldn’t Fire Fed’s Powell If Reelected

Rude Dog — Fri, 19 Jul 2024 16:53:19 -0000

He doesn't Fed's to lower the rates because it would help Biden, is what trump said. Why not include that in the Article? What a low life.

Re: Ameriprise Secures Restraining Order Against LPL in Client-Solicitation Dispute

David Frook — Mon, 15 Jul 2024 16:13:42 -0000

Contracts are contracts, but this only serves the best interest of Ameriprise and not best interest of the client. The client relationship is always with the advisor. It's never with the broker-dealer (I've never had a client because of our BD; and in many cases they don't know or care who our BD is).

Re: Meghan Markle’s Demands for Divorce From Prince Harry Laid Bare

🤍Magnificat🤍Love Revolution🤍 — Wed, 10 Jul 2024 13:55:07 -0000

Friends and family get them therapy immediately? Prince Harry could go to a dark place so help him.

Re: The Smart Money Is Preparing For Trumpflation

Gabriel Guerra — Mon, 08 Jul 2024 23:49:11 -0000

I wonder who this guy is voting for.