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®.
Investors are reeling from the latest investment bubble to burst — long-term Treasury bonds. With mutual fund managers and investors absorbing losses of more than 15% on supposedly safe assets, this highlights the perils in fear-based investing.
With U.S. deficits rising at a record pace, the possibility that America will lose its AAA investment rating is becoming more and more plausible. While this scenario far from inevitable, there is certainly concern that rising debt levels will decrease the creditworthiness of the U.S. government. The result — a weaker dollar.
The secret is out. After years of whispers in the economic dark President Obama said out loud what we have all known was a fundamental truth: China is the banker to the United States and buying the debt that keeps the American economy moving forward. This is globalization at work though a condition not desirable to the United States.
Nouriel Roubini, otherwise known as Dr. Doom, was interviewed on CNBC today where he outlined his views on the world economy. As usual he continued his warnings about significant issues facing the global economy. His arguments on the theme that denial of a deleveraging world is a dangerous position to take was as always, very thoughtful.
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.