LONG-TERM INVESTMENT PERFORMANCE

Size: px
Start display at page:

Download "LONG-TERM INVESTMENT PERFORMANCE"

Transcription

1 LONG-TERM INVESTMENT PERFORMANCE Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011 Used with permission.

2 TYPES OF ASSET CLASSES Stocks Large stocks Small stocks International stocks Bonds Government bonds Corporate bonds Municipal bonds High-yield bonds International bonds Cash alternatives Money-market funds Treasury bills Certificates of deposit Real assets Real estate Commodities Gold Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011 Used with permission.

3 IBBOTSON SBBI STOCKS, BONDS, BILLS AND INFLATION $16,055 $10,000 1, Compound Annual Return Small Stocks Large Stocks Government Bonds Treasury Bills Inflation 12.1% $2,982 $93 10 $21 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

4 IBBOTSON SBBI STOCKS, BONDS, BILLS AND INFLATION $20 10 Compound Annual Return Small Stocks Large Stocks Government Bonds Treasury Bills Inflation 12.5% $12.57 $5.75 $5.05 $1.97 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

5 THE PAST 10 YEARS $3 Compound Annual Return Small Stocks Government Bonds Inflation Treasury Bills Large Stocks 9.6% $2.51 $1.90 $1.26 $1.24 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

6 LONG-TERM ASSET CLASS PERFORMANCE Small Stocks Large Stocks Government Bonds Treasury Bills Annual Compound Annual Return 12.1% 9.9% 5.5% 3.6% Standard Deviation 32.6% 20.4% 9.5% 3.1% 12-Month Rolling Periods Highest Return Lowest Return 316.4% -75.9% 162.9% -67.6% 54.4% -17.1% 15.2% 0.0% Average Positive Return 31.4% 21.7% 8.6% 3.7% Average Negative Return -19.0% -14.3% -3.9% 0.0% Percent Periods Positive 71.8% 73.3% 78.1% 98.4% Percent Periods Negative 28.2% 26.7% 21.9% 1.6% Past performance is no guarantee of future results. An investment cannot be made directly in an index. Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

7 BOND MARKET PERFORMANCE $500 $ Compound Annual Return High-Yield Corp Bonds Corporate Bonds Government Bonds Municipal Bonds Treasury Bills 6.9% $ $92.94 $34.88 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

8 GROWTH AND VALUE INVESTING $ Compound Annual Return Small Value Large Value Small Growth Large Growth 15.0% $ $59.19 $32.06 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

9 STOCKS, COMMODITIES, REITs, AND GOLD $100 Compound Annual Return REITs U.S. Stocks International Stocks Commodities Gold 12.3% $36.02 $28.08 $ $9.35 $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1 invested at the beginning of Assumes reinvestment of income and no transaction costs or taxes. This is for illustrative purposes only and not indicative of any investment. Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

10 WHAT IS ASSET ALLOCATION? Asset allocation is the process of combining asset classes such as stocks, bonds, real estate, commodities and cash in a portfolio in order to meet your goals. Stocks Cash Bonds Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

11 THE CASE FOR ASSET ALLOCATION % Return Compound Annual Return Bonds 6.6% 50/50 Portfolio 5.2 Stocks Year Past performance is no guarantee of future results. An investment cannot be made directly in an index. Time period illustrated is from This time period was chosen as a dramatic illustration of stock and bond return behavior and how their often opposite movements reduced portfolio volatility. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

12 ASSET ALLOCATION: RISK VERSUS RETURN % Return Maximum Risk Portfolio: 100% Stocks 11 80% Stocks, 20% Bonds 60% Stocks, 40% Bonds 50% Stocks, 50% Bonds Minimum Risk Portfolio: 28% Stocks, 72% Bonds 100% Bonds 9 10% Risk Past performance is no guarantee of future results. An investment cannot be made directly in an index. Risk and return are measured by standard deviation and arithmetic mean, respectively. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

13 STOCK DIVERSIFICATION Risk Company Risk Market Risk ,000 Number of Stocks in Portfolio Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

14 MORE FUNDS DO NOT ALWAYS MEAN GREATER DIVERSIFICATION IDENTIFYING POTENTIAL SECURITY OVERLAP Equity Portfolio A Equity Portfolio B Deep-Value Core-Value Core Core-GrowthHigh-Growth Deep-Value Core-Value Core Core-GrowthHigh-Growth Micro Small Mid Large Giant Micro Small Mid Large Giant Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

15 ASSET ALLOCATION & DIVERSIFICATION IN BULL AND BEAR MARKETS Bull Market Bear Market $2,500 $2,084 Stocks 50/50 Portfolio Bonds $1,500 2,000 $1,160 1,250 $1,653 1,500 1,000 $1,274 $767 1, Oct Oct Oct Oct Oct Oct Nov Nov $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

16 DIVERSIFIED PORTFOLIOS IN VARIOUS MARKET CONDITIONS PERFORMANCE DURING AND AFTER SELECT BEAR MARKETS $1,250 Mid-1970s Recession (Jan 1973 Jun 1976) 2007 Bear Market and Aftermath (Nov 2007 Dec 2010) Stocks Diversified Portfolio $1,150 $1,072 1,000 $1,014 $ Jan 1973 Jan 1974 Jan 1975 Jan 1976 Nov 2007 Nov 2008 Nov 2009 Nov 2010 Past performance is no guarantee of future results. An investment cannot be made directly in an index. Diversified portfolio: 35% stocks, 40% bonds, 25% Treasury bills. Hypothetical value of $1,000 invested at the beginning of January 1973 and Nov 2007, respectively. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar. All Rights Reserved. 3/1/2011

17 CAN YOU STAY ON TRACK? $1,200 $100k $56,036 $1,091 Stocks 50/50 Portfolio Bonds $40,139 $21,754 1,000 10k $ k $ Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

18 COMPOUNDING & REBALANCING Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission.

19 POWER OF REINVESTING $10k Compound Annual Return Stocks With Reinvestment Stocks Without Reinvestment Bonds With Reinvestment Bonds Without Reinvestment 9.1% $5,751 $5,053 $3,808 $1,609 1, Past performance is no guarantee of future results. An investment cannot be made directly in an index. Hypothetical value of $1,000 invested at the beginning of Data does not account for taxes or transaction costs. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

20 POWER OF COMPOUNDING HYPOTHETICAL INVESTMENT IN STOCKS $80k Investor A Years Contributing: Annual Amount Contributed: $2,000 Investor B Years Contributing: Annual Amount Contributed: $4, $60,858 Total Amount Invested Compounded Value at Year-End 2010 $48, $40, $20, Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

21 IMPORTANCE OF REBALANCING % 70 Stock Allocation Bond Allocation 71% 75% 72% 60 63% 50 50% 50% 40 37% 30 29% 25% 28% Year-End Past performance is no guarantee of future results. An investment cannot be made directly in an index. Stocks: 50% large and 50% small stocks. Bonds: intermediate-term government bonds. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

22 CONTROLLING RISK WITH PORTFOLIO REBALANCING THE RISK AND RETURN OF REBALANCED VERSUS NON-REBALANCED PORTFOLIOS 14% Risk 12.9% 13.1% Return Non-Rebalanced Portfolio Rebalanced Portfolio % 10.4% 11.5% 9.8% 10.1% 10.0% 10.6% 10.5% 8 8.1% 7.9% Jan 1970 Dec 2010 Jan 1980 Dec 2010 Jan 1990 Dec 2010 Jan 1970 Dec 2010 Jan 1980 Dec 2010 Jan 1990 Dec 2010 Past performance is no guarantee of future results. An investment cannot be made directly in an index. Risk and return are measured by annualized standard deviation and compound annual return, respectively. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

23 COMBATING COMMON INVESTOR ERRORS Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission.

24 INDIVIDUAL INVESTORS HAVE UNDERPERFORMED S&P 500 Inflation Average Stock Fund Investor Barclays Capital Aggregate Bond Index Average Bond Fund Investor Past performance is no guarantee of future results DALBAR, Inc. This information is for illustrative purposes and seeks to demonstrate the virtues of a buy-and-hold strategy rather than trying to time the market. The calculations assume a $10,000 initial investment over the specified time period from 1988 through Please refer to disclosures on the next slide. 24

25 THE MOST DETRIMENTAL INVESTOR MISTAKES Buying overvalued investments 8% Other 1% Holding on to investments too long 11% Having too much money in one investment 16% Not paying enough attention to asset allocation 33% Trying to time the market 31% Source: AllianceBernstein Investments Survey of Financial Advisors on Asset Allocation Asset allocation does not ensure a profit or protect against a loss. Investing involves risk and investors may incur a profit or a loss. 25

26 INDIVIDUAL INVESTORS TEND TO REACT EMOTIONALLY Net flows by broad investment categories at major inflection points in the market and subsequent performance: 2000 $ ($ Billions) Subsequent Returns Stocks (S&P 500) % +8.43% Bonds (Barclays Capital Agg Index) % % -$ $ Subsequent Returns Stocks (S&P 500) Bonds (Barclays Capital Agg Index) -$ % +4.10% % +4.34% 2008 $39.29 Subsequent Returns Stocks (S&P 500) Bonds (Barclays Capital Agg Index) -$ % +5.93% Stock Funds Bond Funds The S&P 500 is an unmanaged index of 500 widely held stocks. The Barclays Capital Aggregate Bond index measures changes in 26 the fixed rate debt issues rated investment grade or higher. Investors cannot invest directly in an index. There is no assurance that past trends will continue into the future. Source: Investment Company Institute. Morningstar Data. The categories listed above, Equity and Fixed Income, represent those funds categorized as such by the Investment Company Institute.

27 DANGERS OF MARKET TIMING HYPOTHETICAL VALUE OF $1 INVESTED FROM $6 $ $1.96 $ Stocks Stocks Minus Best 13 Months Treasury Bills Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

28 THE COST OF MARKET TIMING RISK OF MISSING THE BEST DAYS IN THE MARKET % Return % Invested for All 5,043 Trading Days 5.4% 3.0% 0.9% -1.0% -2.7% 10 Best Days Missed 20 Best Days Missed 30 Best Days Missed 40 Best Days Missed 50 Best Days Missed Daily Returns for All 5,043 Trading Days 10% Return Past performance is no guarantee of future results. An investment cannot be made directly in an index. This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

29 REDUCTION OF RISK OVER TIME % Small Stocks Large Stocks Government Bonds Treasury Bills Compound Annual Return: 12.1% 9.9% 5.5% 3.6% Year Holding Period 5-Year 20-Year 1-Year 5-Year 20-Year 1-Year 5-Year 20-Year 1-Year 5-Year 20-Year Past performance is no guarantee of future results. An investment cannot be made directly in an index. Each bar shows the range of compound annual returns for each asset class over the period This is for illustrative purposes only and not indicative of any investment. Created by Raymond James using Ibbotson Presentation Materials Morningstar. All Rights Reserved. 3/1/2011

30 BRUTAL DECLINES AMID THE LONG-TERM RISE $53.5 million (15)% (41)% (51)% (15)% (30)% (17)% $100,000 (22)% (29)% (16)% (43)% (15)% Past performance does not guarantee future results. No fees or expenses are reflected in the performance of the index. An investor cannot invest directly in an index, and an index s results are not indicative of any specific investment. Source: Compustat; Roger G. Ibbotson and Rex A. Sinquefield, Stocks, Bonds, Bills, and Inflation: Year-by-Year Historical Returns, University of Chicago Press Journal of Business (January 1976); and Bernstein Global Wealth Management Updated as of 2/1/10 with data from Callan and Associates. Market data references S&P 500 returns. The S&P 500 is an unmanaged index of 500 widely held stocks. 30

31 PORTFOLIO CONSTRUCTION Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission.

32 INVESTMENT PROCESS PORTFOLIO CONSTRUCTION We use a variety of tools to tailor our investment process to your objectives, risk tolerance, time horizon, tax situation and investment experience. Time is your friend; impulse is your enemy." John Bogle Founder, The Vanguard Group 32

33 INVESTMENT PROCESS We can build specific investments into your financial plan to help you achieve your financial goals. 33

34 INVESTMENT PROCESS RISK AND REWARD Expected Return Conservative Conservative Balanced Balanced Balanced with Emphasis on Growth Growth Aggressive Growth Global Equity Lower-Risk Portfolios Higher-Risk Portfolios Risk (Standard Deviation of Return) An efficient frontier represents every possible combination of assets that maximizes return at each level of portfolio risk and minimizes risk at each level of portfolio return. The above illustration depicts the typical relationship between risk and return. Generally, investors are expected to be compensated in returns for assuming higher levels of risk. 34 Asset allocation does not ensure a profit or protect against a loss. Standard deviation measures the fluctuation of returns around the arithmetic average return of the investment. The higher the standard deviation, the greater the variability (and the risk) of the investment returns.

35 INVESTMENT PROCESS ASSET CLASSES We employ a variety of asset classes to help balance risk. U.S. Equity Non-U.S. Equity Fixed Income Real Estate Alternative Investments Cash & Cash Alternatives HYPOTHETICAL INCOME-FOCUSED PORTFOLIO HYPOTHETICAL GROWTH-FOCUSED PORTFOLIO Please refer to disclosures on the next slide. 35

36 INVESTMENT PROCESS INVESTMENT OPTIONS We have access to a wide variety of investments when designing portfolios for our clients and with the support of Raymond James research and due diligence, and our own analysis and understanding of your needs we choose investments best suited to your needs, constraints, obligations and goals. Raymond James Research and Due Diligence INVESTMENT UNIVERSE (Professional Asset Managers, Mutual Funds, ETFs, Annuities, Stocks, Bonds, REITs, Alternatives, etc.) RELEVANT INVESTMENTS (Quality investments appropriate to your situation) SPECIFIC RECOMMENDATIONS (Investments chosen for you) Knowledge of Your Personal Situation Our Quantitative and Qualitative Analysis Please refer to disclosures on the next slide. 36

37 DISCLOSURES Investing in small-cap stocks generally involves greater risks and, therefore, may not be appropriate for every investor. U.S. government bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the U.S. government. Diversification does not ensure a profit or protect against a loss. Standard deviation measures the fluctuation of returns around the arithmetic average return of investment. The higher the standard deviation, the greater the variability (and thus risk) of the investment returns. Holding stocks for the long-term does not insure a profitable outcome. Investing in stocks always involves risk, including the possibility of losing one s entire investment. There is an inverse relationship between interest rate movements and bond prices. Generally, when interest rates rise, bond prices fall and when interest rates fall, bond prices rise. March 1, 2011 Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission Raymond James & Associates, Inc., member New York Stock Exchange/SIPC 2011 Raymond James Financial Services, Inc., member FINRA/SIPC

38 DISCLOSURES (CONTINUED) High-yield (below investment grade) bonds are not suitable for all investors. The risk of default may increase due to changes in the issuer s credit quality. Price changes may occur due to changes in interest rates and the liquidity of the bond. When appropriate, these bonds should only comprise a modest portion of your portfolio. Municipal bond interest is not subject to federal income tax but may be subject to AMT, state or local taxes. Income from taxable municipal bonds is subject to federal income taxation; and it may be subject to state and local taxes. Municipal securities typically provide a lower yield than comparably rated taxable investments in consideration of their tax-advantaged status. Investments in municipal securities may not be appropriate for all investors, particularly those who do not stand to benefit from the tax status of the investment. Please consult an income tax professional to assess the impact of holding such securities on your tax liability. Commodities trading is generally considered speculative because of the significant potential for investment loss. Commodities and precious metals are volatile investments and should only form a small part of a diversified portfolio. Their markets are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising. March 1, 2011 Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission Raymond James & Associates, Inc., member New York Stock Exchange/SIPC 2011 Raymond James Financial Services, Inc., member FINRA/SIPC Continued on next slide

39 DISCLOSURES (CONTINUED) Investing in small-cap stocks generally involves greater risks and, therefore, may not be appropriate for every investor. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. U.S. government bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity, offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are certificates reflecting short-term (less than one year) obligations of the U.S. government. Diversification does not ensure a profit or protect against a loss. Holding stocks for the long-term does not insure a profitable outcome. Investing in stocks always involves risk, including the possibility of losing one's entire investment. Specific sector investing such as real estate can be subject to different and greater risks than more diversified investments. Declines in the value of real estate, economic conditions, property taxes, tax laws and interest rates all present potential risks to real estate investments. March 1, 2011 Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission Raymond James & Associates, Inc., member New York Stock Exchange/SIPC 2011 Raymond James Financial Services, Inc., member FINRA/SIPC Continued on next slide

40 DISCLOSURES (CONTINUED) Certificates of Deposit are FDIC-insured up to $250,000 per depositor. Coverage applies to total holdings per bank per depositor. Visit fdic.gov for more information. March 1, 2011 Source: Created by Raymond James using Ibbotson Presentation Materials 2011 Morningstar, Inc. All rights reserved. Used with permission Raymond James & Associates, Inc., member New York Stock Exchange/SIPC 2011 Raymond James Financial Services, Inc., member FINRA/SIPC

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term Time-Tested Investment Strategies for the Long Term Invest for the Long-Term Stay the Course Through Ups and Downs History shows that the market goes up and the market goes down. While there may be short-term

More information

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors

RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors RETIREMENT INSIGHTS July 2014 Your HFS Team Heffernan Financial Services 188 Spear Street, Suite 550 San Francisco, CA 94105 800-437-0045 rebeccat@heffgroup.com www.heffgroupfs.com CA Insurance Lic# 0I18899

More information

EXPLORE. Investment Planning Planning for Financial Security SAVING : INVESTING : PLANNING

EXPLORE. Investment Planning Planning for Financial Security SAVING : INVESTING : PLANNING EXPLORE Investment Planning Planning for Financial Security SAVING : INVESTING : PLANNING About this seminar Presentation > Provides comprehensive education > Includes action steps > Provides opportunity

More information

401k Retirement Plan Consulting

401k Retirement Plan Consulting 401k Retirement Plan Consulting Scott F. Teich 2255 Glades Rd #120a Boca Raton, FL 33431 727-567-5320 scott.teich@raymondjames.com www.teichwealth.com Objectives of This Presentation The purpose of this

More information

Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it.

Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it. Six Strategies for Volatile Markets When markets get choppy, it pays to have a plan for your investments, and to stick to it. Fidelity Viewpoints 8/22/15 The markets have become volatile again, prompted

More information

Retirement Balanced Fund

Retirement Balanced Fund SUMMARY PROSPECTUS TRRIX October 1, 2015 T. Rowe Price Retirement Balanced Fund A fund designed for retired investors seeking capital growth and income through investments in a combination of T. Rowe Price

More information

Today s bond market is riskier and more volatile than in several generations. As

Today s bond market is riskier and more volatile than in several generations. As Fixed Income Approach 2014 Volume 1 Executive Summary Today s bond market is riskier and more volatile than in several generations. As interest rates rise so does the anxiety of fixed income investors

More information

The Wealth Management Industry. Richard B. Bindler Bernstein Global Wealth Management Senior Managing Director

The Wealth Management Industry. Richard B. Bindler Bernstein Global Wealth Management Senior Managing Director The Wealth Management Industry Richard B. Bindler Global Wealth Management Senior Managing Director The Asset Management Industry Is Traditionally Sized at over $20 Trillion U.S. Assets Under Professional

More information

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term

Non-FDIC Insured May Lose Value No Bank Guarantee. Time-Tested Investment Strategies for the Long Term Non-FDIC Insured May Lose Value No Bank Guarantee Time-Tested Investment Strategies for the Long Term Rely on These Four Time-Tested Strategies to Keep You on Course. Buy Right and Sit Tight Keep Your

More information

REIT QUICK FACTS GUIDE

REIT QUICK FACTS GUIDE REIT QUICK FACTS GUIDE FOR FINANCIAL ADVISORS Guidelines for Strategic Portfolio Diversification FINRA-Reviewed Fact Sheets on Stock Exchange-Listed Equity REITs Additional References for Advisors THERE

More information

Diversified Managed Allocations

Diversified Managed Allocations Diversified Managed Allocations Multi-strategy portfolios with a focus on flexibility Is this program right for you? DMA is designed for investors who: Want experienced, professional money managers to

More information

8 Threats. to PortfolioPerformance. Threat 2: Many Active Mutual Fund Managers Have Failed to Beat the Market

8 Threats. to PortfolioPerformance. Threat 2: Many Active Mutual Fund Managers Have Failed to Beat the Market 8 Threats to PortfolioPerformance The last decade has been a challenge for many investors, especially those investing for the long-term and retirement. Given declines in global stock markets, many investors

More information

Rethinking fixed income. By Trevor t. Oliver

Rethinking fixed income. By Trevor t. Oliver 12 Rethinking fixed income By Trevor t. Oliver Summer/Fall 2012 The Participant : Issue 02 ssga.com/dc/theparticipant 13 The landscape for this asset class has changed. Our approach should too. Investors

More information

The Role of Alternative Investments in a Diversified Investment Portfolio

The Role of Alternative Investments in a Diversified Investment Portfolio The Role of Alternative Investments in a Diversified Investment Portfolio By Baird Private Wealth Management Introduction Traditional Investments Domestic Equity International Equity Taxable Fixed Income

More information

PNC Target Date Funds. Making Saving for Retirement Simpler for You

PNC Target Date Funds. Making Saving for Retirement Simpler for You PNC Target Date Funds Making Saving for Retirement Simpler for You Walking With You on the Path to Retirement We understand that with the number and variety of retirement savings options available to you,

More information

Economic & Market Outlook

Economic & Market Outlook Monthly Portfolio Commentary December 31, 2015 Economic & Market Outlook Stocks rebounded in 2015 s fourth quarter, but provided little reward for the year as a whole. The S&P 500 Index recovered from

More information

Quarterly Market Review Second Quarter 2013

Quarterly Market Review Second Quarter 2013 Quarterly Market Review Second Quarter 2013 Quarterly Market Review 1 Market Summary: 2 nd Q Index Returns Past performance is not a guarantee of future results. Indices are not available for direct investment.

More information

The essentials of investing for retirement.

The essentials of investing for retirement. The essentials of investing for retirement. Fidelity has been helping people invest for retirement for more than 65 years. Some investors use our actively managed and index mutual funds. Some use our powerful

More information

Bond Snapshot with Kathy Jones The Year of the Taper

Bond Snapshot with Kathy Jones The Year of the Taper Bond Snapshot with Kathy Jones The Year of the Taper Kathy Jones, Vice President Fixed Income Strategist Schwab Center for Financial Research February 2014 Overview of Topics Tapering Implications Where

More information

Financial Wellness & Education. Understanding mutual funds

Financial Wellness & Education. Understanding mutual funds Financial Wellness & Education Understanding mutual funds Benefits of mutual funds Foresters Financial Services provides everyday families and individuals with financial solutions, guidance and tools,

More information

Investing 101. Small Steps Can Make a Difference. Investing 101. Investing 101

Investing 101. Small Steps Can Make a Difference. Investing 101. Investing 101 Small Steps Can Make a Difference Today s Agenda Saving vs. Investing Investment Basics: Cash Bonds Stocks Mutual Funds Asset Allocation 2 Today s Agenda What would you like to get out of today s session?

More information

RISK ASSESSMENT QUESTIONNAIRE

RISK ASSESSMENT QUESTIONNAIRE Time Horizon 6/14 Your current situation and future income needs. 1. What is your current age? 2. When do you expect to start drawing income? A Less than 45 A Not for at least 20 years B 45 to 55 B In

More information

A portfolio that matches your plans.

A portfolio that matches your plans. A portfolio that matches your plans. Amerivest Core Portfolios powered by Morningstar Associates Expert investment management Tailored portfolio recommendations Straightforward, competitive pricing Dedicated

More information

BlackRock Diversified Income Portfolio. A portfolio from Fidelity Investments designed to seek income while managing risk

BlackRock Diversified Income Portfolio. A portfolio from Fidelity Investments designed to seek income while managing risk BlackRock Diversified Income Portfolio A portfolio from Fidelity Investments designed to seek income while managing risk Fidelity Investments has formed a strategic alliance with BlackRock Investment Management,

More information

With interest rates at historically low levels, and the U.S. economy showing continued strength,

With interest rates at historically low levels, and the U.S. economy showing continued strength, Managing Interest Rate Risk in Your Bond Holdings THE RIGHT STRATEGY MAY HELP FIXED INCOME PORTFOLIOS DURING PERIODS OF RISING INTEREST RATES. With interest rates at historically low levels, and the U.S.

More information

Bond Fund Investing in a Rising Rate Environment

Bond Fund Investing in a Rising Rate Environment MUTUAL FUND RESEARCH Danette Szakaly Ext. 71937 Date Issued: 1/14/11 Fund Investing in a Rising Rate Environment The recent rise in U.S. Treasury bond yields has some investors wondering how to manage

More information

Optional Asset Allocation program for participants

Optional Asset Allocation program for participants Richard Gagne Retirement Security Education 0207662 What is GoalMaker? Optional Asset Allocation program for participants Uses professional asset allocation modeling based on portfolios created by Morningstar

More information

What you will learn today. Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps

What you will learn today. Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps Investing 101 What you will learn today Different categories of investments Choosing your investment mix Common investor pitfalls Determining your next steps 2 Asset Allocation One of Your Most Important

More information

Learn how your financial advisor adds value. Investor education

Learn how your financial advisor adds value. Investor education Learn how your financial advisor adds value Investor education The value of partnership Many people find it difficult to invest on their own, particularly as they amass wealth and their financial situations

More information

smart Two Paths to Investing for Retirement Which one is right for you? Massachusetts Deferred Compensation SMART Plan INVEST

smart Two Paths to Investing for Retirement Which one is right for you? Massachusetts Deferred Compensation SMART Plan INVEST smart S A V E M O N E Y A N D R E T I R E T O M O R R O W INVEST Two Paths to Investing for Retirement Which one is right for you? Massachusetts Deferred Compensation SMART Plan Office of the State Treasurer

More information

TAKE THE W HEE L. Retirement Savings Plan

TAKE THE W HEE L. Retirement Savings Plan TAKE THE W HEE L Retirement Savings Plan PG 1 The road to retirement is calling your name Retirement. For many people, it s a dream destination. But getting there can be a challenge. Financial experts

More information

Fixed Income 2015 Update. Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research

Fixed Income 2015 Update. Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research Fixed Income 2015 Update Kathy Jones, Senior Vice President Chief Fixed Income Strategist, Schwab Center for Financial Research 1 Fed: Slow and Low 2015 Fixed Income Outlook 2 Yield Curve Flattening 3

More information

Learn how your financial advisor adds value. Investor education

Learn how your financial advisor adds value. Investor education Learn how your financial advisor adds value Investor education The value of partnership Many people find it difficult to invest on their own, particularly as they amass wealth and their financial situations

More information

Balanced fund: A mutual fund with a mix of stocks and bonds. It offers safety of principal, regular income and modest growth.

Balanced fund: A mutual fund with a mix of stocks and bonds. It offers safety of principal, regular income and modest growth. Wealth for Life Glossary Aggressive growth fund: A mutual fund that aims for the highest capital gains. They often invest in smaller emerging companies that offer maximum growth potential. Adjustable Rate

More information

INVESTMENT POLICY STATEMENT Valued Client

INVESTMENT POLICY STATEMENT Valued Client INVESTMENT POLICY STATEMENT Valued Client August 17, 2010 PREPARED BY: John Ohl Bay Colony Advisors 91 Main St STE 308 Concord, Massachusetts 01742 (978) 369-7200 John@baycolonyadvisors.com www.baycolonyadvisors.com

More information

The Power of Low-Correlation Investing. Wealth Strategies How to think about the core building blocks of your portfolio

The Power of Low-Correlation Investing. Wealth Strategies How to think about the core building blocks of your portfolio The Power of Low-Correlation Investing Wealth Strategies How to think about the core building blocks of your portfolio Smart Investing Begins with Planning Effective investment planning is concrete problem-solving.

More information

Morningstar Highlights

Morningstar Highlights Morningstar Highlights Second quarter Data as of June 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-

More information

T. Rowe Price Target Retirement 2030 Fund Advisor Class

T. Rowe Price Target Retirement 2030 Fund Advisor Class T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap

More information

Vanguard Financial Education Series investing. How to invest your retirement savings

Vanguard Financial Education Series investing. How to invest your retirement savings Vanguard Financial Education Series investing How to invest your retirement savings During your working life, you ve saved and invested for retirement. Now that you re finally reaching retirement, consider

More information

Building Toward Retirement. A practical guide to growing your money.

Building Toward Retirement. A practical guide to growing your money. Building Toward Retirement A practical guide to growing your money. Starting to consider retirement more seriously? Now s the time to maximize your savings opportunities and maximize the growth of your

More information

Guide to mutual fund investing. Start with the basics

Guide to mutual fund investing. Start with the basics Guide to mutual fund investing Start with the basics Pursue your financial goals Why do you invest? For a rainy day? A secure retirement? Funding a college tuition? Having a specific goal in mind will

More information

to Wealth Management resources of one of the world s largest financial services firms. The Caribbean Group

to Wealth Management resources of one of the world s largest financial services firms. The Caribbean Group A Defined Approach to Wealth Management Giving UWI access to the combined resources of one of the world s largest financial services firms. The Caribbean Group The information in this presentation is intended

More information

GLOSSARY OF INVESTMENT-RELATED TERMS FOR NATIONAL ELECTRICAL ANNUITY PLAN PARTICIPANTS

GLOSSARY OF INVESTMENT-RELATED TERMS FOR NATIONAL ELECTRICAL ANNUITY PLAN PARTICIPANTS GLOSSARY OF INVESTMENT-RELATED TERMS FOR NATIONAL ELECTRICAL ANNUITY PLAN PARTICIPANTS General Information This Glossary of Investment-Related Terms for National Electrical Annuity Plan Participants (the

More information

Morningstar Highlights

Morningstar Highlights Morningstar Highlights Third quarter Data as of September 30, 2015 Invesco offers funds that have competitive performance relative to their peers across most style boxes. Below are Invesco funds with four-

More information

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1

PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 PowerShares Smart Beta Income Portfolio 2016-1 PowerShares Smart Beta Growth & Income Portfolio 2016-1 PowerShares Smart Beta Growth Portfolio 2016-1 The unit investment trusts named above (the Portfolios

More information

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015

ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 Investment Adviser: RidgeWorth Investments A Shares C Shares I Shares Aggressive Growth Allocation Strategy SLAAX CLVLX CVMGX Conservative

More information

A Guide To DEFINED FOCUSED DISCIPLINED

A Guide To DEFINED FOCUSED DISCIPLINED A Guide To F I R S T T R U S T U N I T I N V E S T M E N T T R U S T S DEFINED FOCUSED DISCIPLINED W H A T I S A U N I T I N V E S T M E N T T R U S T? U I T F E A T U R E S A unit investment trust or

More information

Navigating Rising Rates with Active, Multi-Sector Fixed Income Management

Navigating Rising Rates with Active, Multi-Sector Fixed Income Management Navigating Rising Rates with Active, Multi-Sector Fixed Income Management 2 With bond yields near 60-year lows and expected to rise, U.S. core bond investors are increasingly questioning how to mitigate

More information

Chapter 1 The Financial Assessment

Chapter 1 The Financial Assessment Chapter 1 The Financial Assessment 64 P leasant S treet P hon e: ( 415) 830-52 44 Copyright 2007-2009 Harrison Lazarus Advisors, Inc. All Rights Reserved Page 1 of 15 It doesn t matter where you are in

More information

Structured Investing Risk Assessment Questionnaire

Structured Investing Risk Assessment Questionnaire Structured Investing Risk Assessment Questionnaire Purpose, Assumptions and Limitations This Structured Investing Risk Assessment Questionnaire is designed to help your Financial Advisor decide how to

More information

LifePath Index 2060 Fund Q

LifePath Index 2060 Fund Q Release Date: 9-3-215 LifePath Index 26 Fund Q Standard & Poor's 5 Index LifePath Index 26 Custom Target Date 251+... Allocation of Stocks and Bonds 1 8 6 4 2 45 4 35 3 25 2 15 1 5 Years Until Retirement

More information

Introducing the fundamentals. A guide to getting started toward a personal financial plan.

Introducing the fundamentals. A guide to getting started toward a personal financial plan. Introducing the fundamentals of financial planning A guide to getting started toward a personal financial plan. Raymond James: The pioneer of financial planning Back in 1962, when other firms were focused

More information

Absolute return strategies offer modern diversification

Absolute return strategies offer modern diversification February 2015» White paper Absolute return strategies offer modern diversification Key takeaways Absolute return differs from traditional stock and bond investing. Absolute return seeks to reduce market

More information

Saving for Retirement. Your guide to getting on track.

Saving for Retirement. Your guide to getting on track. Saving for Retirement Your guide to getting on track. 2 It s great that you re looking ahead and thinking about retirement now. A sound plan can make all the difference in reaching your future goals. This

More information

Basic Investment Education

Basic Investment Education Disclaimer: The information provided below is for information purposes only - it is not investment advice. If you have any questions about your own personal financial situation, you should consult with

More information

Marblehead Financial Services

Marblehead Financial Services Marblehead Financial Services Bill Bartin, CFP Located at Marblehead Bank 21 Atlantic Avenue Marblehead, MA 01945 781-476-0600 781-715-4629 wbartin@infinexgroup.com Mutual Funds Page 1 of 7, see disclaimer

More information

Assessing Risk Tolerance for Asset Allocation

Assessing Risk Tolerance for Asset Allocation Contributions Droms Assessing Risk Tolerance for Asset Allocation by William G. Droms, DBA, CFA, and Steven N. Strauss, CPA/PFS William G. Droms, DBA, CFA, is the Powers Professor of Finance in the McDonough

More information

Liquidity Tiering for Higher Yields in the Tax-Free Market

Liquidity Tiering for Higher Yields in the Tax-Free Market January 2013 Liquidity Tiering for Higher Yields in the Tax-Free Market In today s low-yield environment, investors need a fresh approach to managing their portfolios for higher income. Liquidity tiering

More information

Case Studies in Financial Planning

Case Studies in Financial Planning Case Studies in Financial Planning Joel Greenwald, MD CFP Greenwald 1660 South Highway 100, Suite 270 St. Louis Park, MN 55416 Telephone: 952 641 7595 joel@joelgreenwald.com Securities and Advisory Services

More information

Morgan Stanley. R & R Partners. 522 Fifth Avenue, 15th Floor New York, NY 10036 (212)-296-1031. www.morganstanleyfa.com/rudowramos

Morgan Stanley. R & R Partners. 522 Fifth Avenue, 15th Floor New York, NY 10036 (212)-296-1031. www.morganstanleyfa.com/rudowramos R & R Partners 522 Fifth Avenue, 15th Floor New York, NY 10036 (212)-296-1031 www.morganstanleyfa.com/rudowramos 0 Table of Contents Our Mission Page 2 Wealth Management Page 3 Why R and R Partners? Page

More information

SAMPLE INVESTMENT POLICY STATEMENT

SAMPLE INVESTMENT POLICY STATEMENT SAMPLE INVESTMENT POLICY STATEMENT 2003 Prepared by: Jay D. Ahlbeck, CLU, ChFC JDA & Associates Securities and Advisory Services offered through Mutual Service Corporation, a Registered Investment Advisor,

More information

G o r g e C o m m u n i t y F o u n d a t i o n

G o r g e C o m m u n i t y F o u n d a t i o n INVESTMENT POLICY Established August 2001 INTRODUCTION The purpose of this statement is to communicate to the Foundation s Investment Committee and Investment Advisor a clear understanding of the investment

More information

Lamorinda Financial Planning, LLC

Lamorinda Financial Planning, LLC Lamorinda Financial Planning, LLC Firm Brochure - Form ADV Part 2A This brochure provides information about the qualifications and business practices of Lamorinda Financial Planning, LLC. If you have any

More information

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015

ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional

More information

Timely Topics. The Benchmark Standard. May 30, 2013. Highlights. What Is a Benchmark, and Why Is It Important? LPL FINANCIAL RESEARCH

Timely Topics. The Benchmark Standard. May 30, 2013. Highlights. What Is a Benchmark, and Why Is It Important? LPL FINANCIAL RESEARCH LPL FINANCIAL RESEARCH Timely Topics May 30, 2013 The Benchmark Standard Highlights LPL Financial Research believes investors need to choose a benchmark that best reflects the investment style of their

More information

Future Scholar Direct Program Portfolio Construction. Moderate Growth 529 Portfolio. Moderate 529 Portfolio. Moderate Growth 529 Portfolio

Future Scholar Direct Program Portfolio Construction. Moderate Growth 529 Portfolio. Moderate 529 Portfolio. Moderate Growth 529 Portfolio Future Scholar Direct Program Construction The Future Scholar 29 College Savings Plan offers three investment options, each with a variety of portfolios designed to help meet your college saving needs.

More information

State Street Target Retirement Funds - Class K

State Street Target Retirement Funds - Class K The State Street Target Retirement Funds - Class K (the "Funds") represent units of ownership in the State Street Target Retirement Non-Lending Series Funds. The Funds seek to offer complete, low cost

More information

Spectrum of Investment Options

Spectrum of Investment Options Kentucky Deferred Comp Spectrum of Investment Options Your guide to available investment options. Tier 1 Target Date Funds, Balanced Fund Target Date Funds Vanguard Target Retirement Funds (in five-year

More information

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.

Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016. NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated

More information

Your guide to investing for retirement with Fidelity Freedom Index Funds Class W.

Your guide to investing for retirement with Fidelity Freedom Index Funds Class W. Funds Class W Your guide to investing for retirement with Fidelity Freedom Index Funds Class W. An all-in-one approach for simple investing. You may already know how important your workplace savings can

More information

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5.

Stable Value Option. New York Life Insurance Company Anchor Account III As of 9/30/2011 INVESTMENT OBJECTIVE SECTOR DIVERSIFICATION. Cash --- 5. Stable Value Option The Stable Value Option seeks to provide a low-risk stable investment, offering competitive yields and limited volatility, with guarantee of principal and accumulated interest. Until

More information

Navigator Fixed Income Total Return

Navigator Fixed Income Total Return CCM-15-12-1 As of 12/31/2015 Navigator Fixed Income Navigate Fixed Income with a Tactical Approach With yields hovering at historic lows, bond portfolios could decline if interest rates rise. But income

More information

Insurance Dedicated Funds: Variable Insurance Trusts

Insurance Dedicated Funds: Variable Insurance Trusts At a Glance September 2015 Insurance Dedicated Funds: Variable Insurance Trusts Our goal at GSAM is to meet the financial goals of investors worldwide, now and in the future, with innovative investment

More information

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future

Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Investment choices performance report January 31, 2016 Waddell & Reed Advisors Select Plus Annuity SM Invest in your future Answers to frequently asked questions. What you should know about purchasing

More information

Structured Investing Risk Assessment Questionnaire

Structured Investing Risk Assessment Questionnaire Structured Investing Risk Assessment Questionnaire Advisor Name Client Name Date Contact info 1 Purpose, Assumptions This Structured Investing Depending on global economic conditions and the makeup and

More information

CalPERS 457 Plan Target Retirement Date Funds

CalPERS 457 Plan Target Retirement Date Funds CalPERS 457 Plan Target Retirement Date s September 30, 2015 Overview Target Retirement Date s (the "" or "s") are a series of diversified funds, each of which has a predetermined underlying asset mix

More information

Investment Risk: Don t Avoid It Manage It!

Investment Risk: Don t Avoid It Manage It! Investment Risk: Don t Avoid It Manage It! Today s Agenda What is risk? Types of investment risk Investments that carry each type of risk Match personal goals with investments and risk levels Risk management

More information

Schwab Target Funds. Go paperless today. Simplify your financial life by viewing these documents online. Sign up at schwab.

Schwab Target Funds. Go paperless today. Simplify your financial life by viewing these documents online. Sign up at schwab. Annual report dated October 31, 2015, enclosed. Schwab Target Funds Schwab Target 2010 Fund Schwab Target 2015 Fund Schwab Target 2020 Fund Schwab Target 2025 Fund Schwab Target 2030 Fund Schwab Target

More information

Is it time to hire a professional to manage your bonds?

Is it time to hire a professional to manage your bonds? Is it time to hire a professional to manage your bonds? Today s bond markets are more complex Finding the right bonds can be difficult. The bond markets are large and complex, and it takes a lot of homework

More information

Generate More Efficient Income and a Stronger Portfolio

Generate More Efficient Income and a Stronger Portfolio Generate More Efficient Income and a Stronger Portfolio All examples shown are hypothetical and for illustrative purposes only and do not represent the performance of an actual investment. Past performance

More information

Money At Work 1: Foundations of investing

Money At Work 1: Foundations of investing It s not about how much money you earn. It s about how much you save and invest. November 12, 2015 A TIAA-CREF Financial Essentials Workshop Bill Thorne TIAA-CREF Money At Work 1: Foundations of investing

More information

Private Wealth Management Mutual Fund Solution

Private Wealth Management Mutual Fund Solution Private Wealth Management Mutual Fund Solution A Step-by-Step Guide to Investment Success In Collaboration with Portfolio Resources Group, Inc. The Strategic Approach to Building Mutual Fund Portfolios

More information

Your future starts today.

Your future starts today. Your future starts today. Life can be complicated. Saving for retirement doesn t have to be. Congratulations! You have the opportunity to participate in an employer-sponsored retirement program. Important

More information

Our time-tested approach to investing is very straightforward. And we re ready to make it work for you.

Our time-tested approach to investing is very straightforward. And we re ready to make it work for you. What Works Our time-tested approach to investing is very straightforward. And we re ready to make it work for you. Three important steps. Ten effective principles. Three important steps. Ten effective

More information

4 QUESTIONS YOU NEED TO ASK ABOUT INCOME INVESTING

4 QUESTIONS YOU NEED TO ASK ABOUT INCOME INVESTING 4 QUESTIONS YOU NEED TO ASK ABOUT INCOME INVESTING Understanding risks // Evaluating your portfolio // Taking action INTRODUCTION The markets present investors with challenges interest rate and credit

More information

It s your retirement.

It s your retirement. MNDCP It s your retirement. Keep it on target. And keep it simple. 1 Click to learn more! Looking for an easier way to invest for retirement? With these three simple steps, you can save more, invest wisely

More information

Mutual Fund Investing Exam Study Guide

Mutual Fund Investing Exam Study Guide Mutual Fund Investing Exam Study Guide This document contains the questions that will be included in the final exam, in the order that they will be asked. When you have studied the course materials, reviewed

More information

Your guide to investing for retirement with Fidelity Freedom K Funds.

Your guide to investing for retirement with Fidelity Freedom K Funds. Fidelity Freedom K Funds Your guide to investing for retirement with Fidelity Freedom K Funds. An all-in-one approach for simple investing. You may already know how important your workplace savings can

More information

TIAA-CREF Asset Management. Asset allocation: Enhancing diversification for performance and risk management. Executive summary

TIAA-CREF Asset Management. Asset allocation: Enhancing diversification for performance and risk management. Executive summary August 2014 TIAA-CREF Asset Management Asset allocation: Enhancing diversification for performance and risk management Executive summary Many individual investors make asset allocation errors that hurt

More information

INVESTING MADE SIMPLE

INVESTING MADE SIMPLE Investing Fundamentals INVESTING MADE SIMPLE AN EDUCATIONAL GUIDE FOR EVERY INVESTOR. INVEST WITH CONFIDENCE. HuntingtonFunds.com 1 1 Your Guide to the Basics of Investing Through Mutual Funds Mutual funds

More information

WEALTH MANAGEMENT SOLUTIONS

WEALTH MANAGEMENT SOLUTIONS WEALTH MANAGEMENT SOLUTIONS Manage your assets Protect your wealth Build your legacy Wealth Management Solutions from Raymond James managing your assets protecting your wealth building your legacy Wealth

More information

Investment Strategy. Interpreting key concepts and choosing appropriate strategies

Investment Strategy. Interpreting key concepts and choosing appropriate strategies Investment Strategy Interpreting key concepts and choosing appropriate strategies Asset Allocation Standards Contents Asset Allocation 2 Strategic asset allocation 6 Tactical allocation 8 Choosing the

More information

Investing for Your Financial Future

Investing for Your Financial Future Investing for Your Financial Future Saving now, while time is on your side, can help provide you with freedom to do what you want later in life. Investing for Your Financial Future Your financial future

More information

PRINCIPAL TRUST TARGET DATE FUNDS SUMMARY

PRINCIPAL TRUST TARGET DATE FUNDS SUMMARY Date Collective Investment s PRINCIPAL TRUST TARGET DATE FUNDS SUMMARY The date of this summary is October 28, 2015 This summary includes key information about the Trust Date Collective Investment s (each

More information

Emotions and your money

Emotions and your money Emotions and your money 5 potentially costly mistakes that your financial advisor can help you avoid Emotions can cost investors Break the cycle of emotional investing by partnering with an experienced

More information

Unit Investment Trusts

Unit Investment Trusts a guide to Unit Investment Trusts A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Table of Contents

More information

Navigator Fixed Income Total Return

Navigator Fixed Income Total Return CCM-15-08-1 As of 8/31/2015 Navigator Fixed Income Total Return Navigate Fixed Income with a Tactical Approach With yields hovering at historic lows, bond portfolios could decline if interest rates rise.

More information

WHAT ROLE DO BONDS PLAY IN YOUR PORTFOLIO? Guard Against Interest Rate Risk and Credit Events

WHAT ROLE DO BONDS PLAY IN YOUR PORTFOLIO? Guard Against Interest Rate Risk and Credit Events RETHINK YOUR BONDS Building Better Bond Portfolios Interest rates may inch up this year, but expect them to be low for some time to come. You can continue to achieve your fixed income goals in this environment

More information

Asset allocation A key component of a successful investment strategy

Asset allocation A key component of a successful investment strategy Asset allocation A key component of a successful investment strategy This guide has been produced for educational purposes only and should not be regarded as a substitute for investment advice. Vanguard

More information