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 and 2012. He holds a BS in business administration, MBA and Ph.D. in education. He is also a Certified Financial Planner®.
Now that Berkshire Hathaway's annual meeting has concluded, it's time to stand back and assess the lessons provided by Warren Buffett in his comments to the faithful in Omaha. As is usually the case, his wisdom can be instructive for all investors particularly in today's difficult market environment.
For the last 18 months, the world has focused on fear. The economy, equity markets, and just about everything else has collapsed. It's been very difficult to think about investing with a growth mindset. Depending on who you listen to, recovery is just around the corner or perhaps a year away.
Investors have a new variable that could potentially impact investment outcomes -- the flu. Your portfolio strategy will be impacted depending on how serious the spread of swine flu is and how dramatic the resulting panic turns out to be.
The stress tests designed by the Federal Reserve and Treasury Department were made to assess a basic financial solvency measure -- the ability of these firms to weather a difficult economic storm. How will banks survive a potential greater downturn in the U.S. economy?
Markets have experienced volatility on an unprecedented basis. The Nikkei last October plunged an unprecedented 10% in one session. That same month saw the Dow losing 7%, the Nasdaq down 9% and the S&P 500 falling 8% all in a single session. The truth is, volatility is likely here to stay.
It's that time of the year again — earnings season. The impact of this difficult recession will clearly be evident in this coming quarter's earnings as the teeth of the downturn takes hold. And what we see in the next 45 days will give us a sense of how much impact there has been.
As the debate rages on about the best way to combat the worst downturn in the United States since the Depression, there appears to be two broad perspectives about the future of American economy.
Though lawmakers reached a debt deal, a closer look reminded trader Kenny Polcari of a great dish, stuffed pork rolls.
Pro trader Kenny Polcari offers his thoughts on the market, as well as his recipe of the day.
If Congress puts default on the table, it is declaring war on you and your job, your pension and your savings.
The cancellation of President Obama's trip to East Asia was entirely appropriate.