Michael Yoshikami, Ph.D., CFP®, is CEO, founder and chairman of Destination Wealth Management's Investment Committee at Destination. Founded in 1986, Destination is a San Francisco Bay Area-based independent, wealth-management firm. He leads the research initiatives at DWM and develops tactical allocation strategies for firm portfolios.
Michael is also finance professor at the National University of Singapore and authors finance white papers for the Centre for Asset Management Research & Investments (CAMRI) at NUS.
Michael was named by Barron's as one of the Top 100 Independent Financial Advisors for 2009, 2010, 2011, 2012 and 2013. He holds a BS in business administration, MBA and Ph.D. in education. He is also a Certified Financial Planner®.
As the DOW marches towards 11,000 and the voices predicting financial collapse fade, does this mean the gloom bubble has finally burst? Was the perspective of being overly negative simply incorrect? It's an important question and the answer is equally important.
The U.S. dollar has been on a tear versus the euro in recent months (touching 10-month highs against the single currency on Wednesday), leading some to think that greenback weakness is a thing of the past. And when one looks at the current state of affairs in Europe (with the troubles in Greece and Portugal and Spain on deck for financial drama,) it's easy to understand this perspective. But there is more to the dollar than meets the eye.
As unemployment nears 10 percent and with no end in sight for the worst downturn in the job markets since the Great Depression, a structural change is occurring in the American workforce that is forcing many of us to become more self-reliant on matters of retirement.
Toyota's safety crisis may have cleared the way for U.S. automakers, but that is just an aside. The entire industry is poised for a strong recovery. And here are three reasons why
The brutal sell-off on Wall Street on Thursday, which resulted in the Dow losing 4-percent so far year-to-date, could very well be the mythical correction we've been hearing about for months.