Michael Yoshikami, Ph.D., CFP®, is CEO and Founder of Destination Wealth Management and Chairman of DWM's Portfolio Strategy Committee.
Founded in 1986, Destination is a San Francisco Bay Area-based independent firm that provides fee-based wealth management services to institutional and individual investors. Michael was named by Barron's as one of the "Top 100 Independent Financial Advisors" six years in a row (2009 – 2014).
Michael has over 30 years of experience in the investment management and financial planning field. He oversees the economic viewpoints of the firm and the integration into client portfolios. As Chairman of the Portfolio Strategy Committee, he oversees the macro tactical asset allocation weightings for client portfolios. Additionally, he works with Destination's investment team in integrating behavioral investing strategies with the firm's core fundamental perspective.
Michael provides commentary to Reuters, Dow Jones, the Wall Street Journal, and other international publications and publishes a weekly investment market/investing report that examines the macro environment and its impact on investment decisions.
He holds a Ph.D. in education, and has earned the Certified Financial Planner (CFP®) designation.
I'm outraged, like most, that a culture of excess has crippled the US economic system. Honest people got the short end of the stick and something needs to change. We need more transparency from Wall Street and there should be a level playing field for all investors.
Investors will be watching earnings from tech bellwether Google spacer to see how technology spending is rebounding. And many will make note of the noise surrounding the recent drama in China and how this will affect current and future earnings as Google stands up to Chinese censorship.
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.