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®.
Apple missed earnings and the stock fell 4% based on concern that iPhone sales were slowing and revenue was weaker than expected. To some, this means that the profit trajectory for this company is irrevocably changed and further growth will likely be negatively impacted on an ongoing basis. To us however, the 4% drop on Wednesday provided us an opportunity to add to our position.
It's a sad thing to watch. A great brand and a company with a dominant position slides into obscurity. Such would be appear to be the case with Research In Motion as competitors pounce on its missteps. The world appears to have found an alternative to its Blackberry addiction.
What will have the most important impact this year is the action taken by Ben Bernanke and the Federal Reserve.
Since the price of gold spacer has not ratcheted up in this latest Europe driven downturn, some say surely that must mean that the wisdom of owning gold is now null and void. I disagree; gold should still be a part of your investment plan.
Investor panic and euphoria is an amazing thing. Take the example of Apple and investor's perspectives on yesterday's earnings report. There is no better example of investor tendencies to react emotionally that the recent angst regarding recent Apple share price movement.
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.