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Greetings
from sunny
Coldwater Lake. Yes I am on Vacation this week but I did not want you to miss out on this weeks Newsletter, so I am taking a break from the boat to get it together for you.
Please
forward
this complimentary newsletter to any of the people you love and care about who you believe might find this information helpful.
If for whatever reason you no longer wish to receive this newsletter, it's very simple to unsubscribe at the bottom of the page.
John R. Deitrick, CFP®
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PortfolioManager's
Commentary
The Portfolio Manager's Commentary
will be provided on a weekly basis. Enjoy!
Please click on the link below.
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Global Financial Private Capital, is an SEC registered investment adviser principally located in Sarasota, Florida. Investment Advisory Services offered on a fee basis through Global Financial Private Capital, LLC. Securities offered through GF Investment Services, LLC, Member FINRA/SIPC.
501 North Cattlemen Road, Suite 106, Sarasota, FL 34232
Tel (866) 641-2186
Synopsis
- Not too long ago, the challenge for individual investors was gaining access to information.
- Thanks to regulation and the proliferation of content distribution via the internet, the challenge today is sifting through all the garbage to find the information that matters.
- Here is a list of sourced for financial, economic, and investing commentary that consistently deliver thought-provoking and unbiased information.
Not too long ago, the challenge for individual investors was gaining access to information that would enable them to make informed decisions on how to invest their savings. Wall Street used to be the gatekeeper to the research that investors desperately needed, and they only sold to big institutional investors who paid several million dollars each year to obtain.
Fast forward the clock to today, and thanks to the advent of the internet and regulation, there is now so much content available to investors that the challenge has become knowing how to find the information that actually matters.
For instance, the number fear mongers that have popped up over the years is staggering. They are the ones who preach the end of the world and try to get unsuspecting victims to buy their book and/or subscribe to their newsletter. This cohort has made the process of separating the good information from the bad incredibly difficult.
I had dinner last week with a small group of investors in Orlando, and I spent some time explaining this phenomenon and the risks from watching too much financial news and reading too many newspapers. These entities are incentivized to entertain and/or scare their audiences, and the very worst of them are so heavily biased that they cannot even be taken seriously anymore.
Right around this point in my rant on the mainstream media, a gentleman asked me a very good question. If these popular sources were frequently too late, too biased, and too wrong, then where can individual investors go to get good information?
That question made me think quite a bit over the next several days about what sources I rely upon and why I remain loyal to their work, which is actually tricky to do for someone who reads around five to six hours every day.
As a firm, we pay a lot of money to gain access to research that most individuals could never afford, but there are also several sources that I use on a weekly basis that keep me informed on current events and developing trends.
Hence, I compiled a list of resources for those investors who want to stay informed but also meet five important criteria:
- Free: A positive externality of the democratization of information across the internet is that there is a lot of really good content out there for free. Many of the websites below even stand up to the expensive research that comes out of Wall Street.
- Unbiased: This is a tough one to eliminate because we are all human. Everyone has an opinion of some kind, but biases are viruses that can infect and destroy an investment strategy.
- Prolific: I look for those sources that post information regularly because it indicates true passion. The sources below post once a week at the very minimum, and some write multiples times each day.
- Coherent: Albert Einstein once said that if you can't explain a concept to a six year-old, then you don't understand it yourself. Nearly every subject in the world of investing can be explained, and I prefer to read those who take the time to do so.
- Expertise: Demonstrated success in their respective field because there is often a difference between what is taught in school and what works in the real world.
This list is by no means exhaustive, but it's a great starting point.
- Credentials: Financial blogger and professor
- Subjects: Investing, trading, economics, stock ideas
- Why I Follow: I read his "Weighing the Week Ahead" post every Monday morning. It's one of the best summaries out there to start the week, and I urge every investor to subscribe to his free commentary. Simply visit the website above, and enter your email address on the far right at the top of the homepage and click "Subscribe."
- Credentials: Portfolio Manager at Ritholtz Wealth Management
- Subjects: Investing, behavioral finance
- Why I Follow: Outstanding writer and incredibly thoughtful. His conclusions are derived by using a structured approach and supported by data. Can't ask for much more.
- Credentials: One of the more well-respected financial journalists. Written forwards for a number of best-selling investment books.
- Subjects: Investing, behavioral finance, current events
- Why I Follow: Not only do I read him to learn from his insight, I also take lessons from him on how to communicate to investors. He has a natural ability to explain the complicated world of finance and investing to a diverse audience.
- Credentials: Private investor who runs the best news aggregator I've ever seen
- Subjects: Everything
- Why I Follow: I know nothing about Mr. Viskantas, but if there is an important and/or interesting article on the internet, he somehow finds it. I visit his website daily.
- Credentials: Been in the business for over 25 years and currently the Global Head of Currency Strategy at Brown Brothers Harriman
- Subjects: U.S. dollar, currencies, global trade, other macroeconomic topics
- Why I Follow: Prolific writer with insight that is not only structured but also unbiased and incredibly helpful. I read his blog daily, but I also take my time because the subjects he covers can get technical.
- Credentials: Former technology executive
- Subjects: Economics
- Why I Follow: Could be one of the best economics blogs out there. Mr. McBride explains his theories using sound and truly unbiased analysis.
- Credentials: Decades of economic analysis experience
- Subjects: Economics, investing, historical data
- Why I Follow: Creates great charts and analyzes data to help readers see the bigger picture.
- Credentials: Senior Fellow of the Hoover Institution at Stanford University and former University of Chicago professor of economics.
- Subjects: Economics, politics (in regards to how it impacts economics)
- Why I Follow: He is a believer in free markets, and his ideas are not only good but also well-developed. His thought process is structured, and even if you disagree with his conclusions, he will certainly make you see another side to the story.
- Credentials: Federal Reserve Bank of St. Louis maintains this huge database
- Subjects: Economics, finance, government accounting
- Why I Follow: An enormous amount of economic data free to query and download for your own analysis. I use this resource quite frequently to dispel fear mongers.
- Credentials: Leading consulting firm full of genius-level talent
- Subjects: Everything you could imagine
- Why I Follow: Long-term investors need to know about developing trends in regions and industries. This firm has their hands in pretty much everything, and they publish thought leadership pieces that are free to read. Great "big picture" stuff that is forward looking.
- Credentials: Travels more than I do (which is not easy)
- Subjects: Airline miles, hotel points, credit card points
- Why I Follow: I am an avid traveler for work and pleasure, but being 6'5" makes it tough. Mr. Kelly has taught me how to leverage airline miles and credit card points to book expensive tickets for next to nothing. His blog may not feel like an investing resource at first, but all he is doing is showing his readers how to spot inefficiencies in markets and to take advantage of mispricings.
This commentary is not intended as investment advice or an investment recommendation. It is solely the opinion or our investment managers at the time of writing. Nothing in the commentary should be construed as a solicitation to buy or sell securities. Past performance is no indication of future performance. Liquid securities, such as those held within DIAS portfolios, can fall in value. Global Financial Private Capital is an SEC Registered Investment Adviser.
Global Financial Private Capital, is an SEC registered investment adviser principally located in Sarasota, Florida. Investment Advisory Services offered on a fee basis through Global Financial Private Capital, LLC. Securities offered through GF Investment Services, LLC, Member FINRA/SIPC.
501 North Cattlemen Road, Suite 106, Sarasota, FL 34232
Tel (866) 641-2186
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I hope you find this information adds value. If you would like to talk to John regarding these, or any other financial concerns, please feel free to call us at (614) 602-6506 and we will be happy to schedule a visit.
If for whatever reason you no longer wish to receive this newsletter, it's very simple to unsubscribe at the bottom of the page.
Make it a Great Week!
Enjoy His gift of today!
Investment Advisory Services offered on a fee basis through Global Financial Private Capital, LLC, an SEC Registered Investment Adviser. Past performance is not indicative of future results. This commentary is not intended as investment advice or an investment recommendation it is solely the opinion of our investment managers at the time of writing. Nothing in this commentary should be considered as a solicitation to buy or sell securities. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and the federally registered CFP (with flame design) in the US., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
AssetLock® is tracking software used to monitor the performance of a client's portfolio, and to predetermine the amount of downside the client is willing to tolerate. It is NOT an actual stop order and will NOT automatically sell the individual securities in the portfolio. Therefore, the AssetLock® value is a reference point to encourage a conversation between the advisor/firm and the client to determine if the client's portfolio should remain unchanged, reset the AssetLock® percentage by reallocating to a different risk profile, liquidate part or all of their portfolio or opt out of AssetLock®.
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John R. Deitrick
CFP®
Advanced Retirement Design LLC.
7263 Sawmill Rd.
Suite 150
Dublin, OH 43016
Office: 614.602.6506
Fax: 614.259.6094
advancedretirementdesign.com
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