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Money Managers Live's Blog

Highs and Lows

September 1, 2011 Comments (0)

Written by Dave Young, President of Paragon Wealth Management After spending most of the year in a back-and-forth uneventful trend, the world markets abruptly changed course. A severe lack of fiscal leadership from Washington coupled with a sovereign debt mess...

Whither the Europeans...

September 1, 2011 Comments (0)

During the financial crisis of 2008 to 2009, there were many Europeans who scoffed at our troubles and blamed us for dragging them down. How irresponsible we Americans were was the general tone. Oh the irony. How's that Greek investment feeling right now? It felt good to get that off my chest... With the markets continuing its record moves and volatility and testing the recent lows, what is next? In the short-term, the market is extremely oversold and sentiment is extremely negative. It can...

Downgraded...

September 1, 2011 Comments (0)

ver the past couple of weeks we've seen extremem volatility in the financial markets. The volatility started with political drama over the debt ceiling, which initially created uncertainty for investors. After a high drama last minute agreement, which apparently didn't solve anything, the markets sold off hard. Uncertainty in Europe exacerbated the situation. It looked like we might have put in a market bottom last Friday with the selling reversing midday. Then Friday evening I saw news...

Ugly Thursday

September 1, 2011 Comments (0)

he Dow Industrials dropped 512 points today. Its worst point drop since 2008. Over the past 10 days the Dow has lost 1341 points or about 10 percent of its value. Why have we seen these steep losses in such as short amount of time? As we've seen in the past, starts with our "leaders". President Obama and his Senate seem to have one focus. Their focus has been to spend every dime they can find. This administration has taken government spending to an entirely new level. Unfortunately, when they...

Thoughts on the Debt Ceiling Mess

September 1, 2011 Comments (0)

Several of our clients at Paragon have been asking us how we got into the debt ceiling mess. This Wall Street Journal article gives a good summary of what has brought us to this point. THE ROAD TO A DOWNGRADE...

It's Time to Enjoy Your Retirement

September 1, 2011 Comments (0)

Enjoying your retirement may seem difficult with all of the craziness in the world today such as: China's Growth Rate- Increased demand, fueled by China's growth, has been pushing up prices of commodities for some time. Their rate of growth going forward will have a significant impact on world financial markets. Low growth will create one set of problems - high growth will create another. Bottom line, China will significantly affect the world market one way or another. Oil Prices - Increased...

Savers Beware (Continued)

September 1, 2011 Comments (0)

As July unfolds, the debt ceiling debate will take center stage. The current fiscal path in unsustainable, and we will someday experience the Greek tragedy now unfolding if we fail to enact any reforms. The main reason why the current recovery has been so sluggish is due to the continued debt overhang. It will act as a drag on the economy until the bad loans and debt are mostly cleared out. The problem with enacting reforms is that it is not politically popular because no one ever wants their...

Savers Beware

September 1, 2011 Comments (0)

Bond market yields are lower now than when the government was running a surplus a decade ago. Something is wrong with this situation. We must still be in surplus or at least running very low and sustainable deficits with future budgetary concerns allayed due to significant entitlement reform. THE FEDERAL RESERVE'S INVOLVEMENT If real reform has not happened, then why hasn't the bond market called the government's bluff and reacted negatively to the prospect of future insolvency? Part of the...

Put Your Money Where Your Mouth is?

September 1, 2011 Comments (0)

I have never understood why many financial advisors sell products to their clients and don't personally invest in them. If they are good for their clients, they should be good for themselves, right? This creates a situation where once the financial advisor receives their commission they often become disinterested spectators. They have no "skin in the game", so to speak. I believe that advisors who sell investments they do not personally own often do not fully understand the investments they...

Financial Advisor Received National Health Care Recognition

September 1, 2011 Comments (0)

Dave Young, of Paragon Wealth Management, has been named a 2011 Preferred Service Provider in recognition of his work with area health care executives and physicians. Each year, US Medical Specialties Inc., a national medical consulting firm, recognizes excellence in service to the medical community in a number of disciplines including financial advisory services, real estate, insurance and legal services. The goals of the MD Preferred Program for Financial Advisors include identifying,...