facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog search brokercheck brokercheck

The Best of What They Said and I Read week ending 10/15/2017

Short excerpts from articles I found interesting.

I may not agree with the author and the following material is not intended as investment advice.


U.S. Global Investors – October 13, 2017 – Investor Alert – by Frank Holmes

  • “The major market indices finished mixed this week.  The Dow Jones Industrial Average gained 0.43 percent. The S&P 500 Stock Index rose 0.15 percent, while the Nasdaq Composite climbed 0.24 percent. The Russell 2000 small capitalization index fell 0.50 percent this week…Walmart was the best performing stock for the week, increasing 9.65 percent.
  • “…The leader of Catalonia, Mr. Puigdemont in his Tuesday speech, said the region has won the right to be independent as a result of the referendum vote. He and other Catalonian leaders signed the declaration of independence, but he created confusion by saying that he is “suspending the effects of the declaration of independence” for more talks with Madrid. The Spanish government asked for clarification and gave Catalonia eight days to respond.”
  • “…Poland’s promotion from emerging market to developed market status in the FTSE-Russel Index, which will take place in September 2018, will trigger $340 million of outflows from passive funds, according to JPMorgan. JPMorgan expects the weight of Poland in the FTSE Developed All Cap ex-US Index to be at 0.38 percent, compared with the current 1.6 percent weighting in the FTSE Emerging All Cap Index.”

Kiplinger’s Personal Finance Adviser – October, 2017 – Ideas To Act On Now

  • “Our ability to deal with complex tasks diminishes as we get older, so it’s critical to start talking with your parents about managing money while they’re still able to make appropriate decisions.  You could broach the topic by telling your parents that you’ve started discussing your finance and retirement plans with your own children or others you trust.  Ask your parents if they have prepared estate-planning documents and whether they’ve updated beneficiaries for life insurance policies and other accounts.  If you must become more hands-on – say, because unpaid b ills are piling up at your parent’s house – review their bank and credit card statements and set up automatic bill payments.  Consolidate bank and investment accounts to make oversight easier.” 
  • “If your parents sign a durable power of attorney, which can give you broad powers or spell out specific actions you’re allowed to take, you’ll be in a better position to take charge in case a parent becomes incapacitated.  Have your parents introduce you to all the financial professionals in their lives, including their accountant, lawyer, and financial adviser.  If handling your parent’s finances becomes too much, consider hiring a daily money manager (find one at www.aadmm.com).”

The Wall Street Journal – October 14, 15, 2017 – China Takes On The Tycoons – by Richard McGregor

  • “…But Mr. Xi’s most consequential political battle today has received little attention. As he has tightened his grip on the party and the military, he now faces only one potential set of genuine rivals: China’s new class of wealthy entrepreneurs. China’s communist leaders have long been known to dread a Soviet-style collapse, but Mr. Xi and his senior colleagues are equally worried about replicating what came in its aftermath: the rise of the Russian oligarchs, who snatched control of state assets and turned themselves into billionaires and pushy political players. Mr. Xi is determined not to let that happen in China.”
  • “From a near-standing start in the 1990s, entrepreneurs now account for three-quarters of China’s economic output and employ more than 80% of workers in its cities, according to Andy Rothman, an investment strategist with Matthews Asia in San Francisco. “The Chinese economy has been for the last decade—and will be forever into the future—driven by the private sector. That’s not in dispute,” said Mr. Rothman. “There’s more people in Berkeley, where I live, who believe in Marxist-Leninist theory than in Beijing.”

Get Acquainted meeting

We offer a complimentary 45 minute “Get Acquainted” meeting. 

Contact Us