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November 2008

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Investment Quiz


1. When was the last time the Federal Reserve lowered interest rates to 1/2 of 1 percent?
a) 1958
b) 1972
c) 2003
d) Never

2. The consumer price index (CPI), a measurement of prices paid by consumers, recently dropped 1%. When was the last time it fell this much?
a) 1947
b) 1949
c) 1982
d) 2005

Answers: 1. d) Never..but the move is expected over the next 30 days. 2. a) 1947.

Source: JP Morgan Asset Management 11/19/2008.
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MARKET COMMENTARY

Wise Guys: Harnessing the Wisdom of Great Investors
By Gabriel F. Burczyk, President & CEO

Gabriel F. BurczykThe ancient Greeks had their Oracle at Delphi and the Pharaoh has his famed Magicians of Egypt.

In fact, wise counsel has fueled some of the greatest civilizations in world history.

So where are the oracles of Wall Street today - and better yet, what message do they have for investors struggling to make sense of one the most chaotic financial markets on record?

It turns out they have plenty to say. In fact, we can all do ourselves a favor by absorbing the best advice from some of Wall Street's wisest sages; gurus like Warren Buffett, Benjamin Graham, Peter Lynch, and scores of others. In doing so, we see how Wall Street history - and the wise men who lived and studied it - can show us a better way. Let's peer inside the best financial minds out there and see what we can learn about today's markets...

MONEY MANAGER SPOTLIGHT
For Today's Market: Diverse Insights and
Investment Ideas

Calamos AdvisorsCalamos Advisors LLC
"We are emphasizing companies with solid balance sheets, ample cash flows, strong global brands and diversified revenue streams...If you can keep a longer-term perspective of three years or more, we believe bargains are showing up all over the financial markets."
Market Review and Outlook, Third Quarter 2008

Roosevelt Investment GroupThe Roosevelt Investment Group
"We recommend an appropriate asset allocation that retains sufficient "safe" assets - high quality bond and/or stock holdings and some cash. High-quality companies are likely in the best position to acquire assets and gain market share at a discount."
Investment Outlook, November 2008

Wentworth, Hauser and ViolichWentworth, Hauser and Violich
"We believe energy and natural resources will resume their sector leadership when we eventually come out of this bear market...Panic selling by investors make this is a good time to pick up stocks for the long term."
Review and Outlook, Fall 2008
A Conversation with Richard Hirayama, October 2008
HNW INVESTMENT TRENDS
Where to Invest When You Are on the Sidelines

The following investment strategies are options during turbulent times:
  • Diversify your portfolio with a selection of high quality municipal bonds, such as state general obligation bonds with different maturities.
  • Short-term Treasuries (T-notes and T-bills) and high-quality Government bonds.
  • Federally-insured CDs from high-quality banks.
  • US defensive sectors such as Consumer Staples, Utilities, and Health Care.
  • Companies with a record of enhancing shareholder value through share repurchases and secure dividends.
The attached report and information have been prepared or produced by WrapManager, Inc. from sources and data believed to be reliable. Information provided in this report is for educational and illustrative purposes only and should not be construed as individualized investment advice, as an offer to sell, or the solicitation of an offer to buy any security in any states where such an offer or solicitation would be prohibited by regulations. WrapManager, Inc. is not a tax advisory firm. We recommend you contact your tax attorney or CPA prior to utilizing any of the tax-related strategies mentioned or discussed. Returns and experiences will vary for each client. Each client's risk tolerance and investment objectives are unique to them. Past performance may not be indicative of future results. No assumption that future performance of any specific investment or product made reference to directly by WrapManager, Inc., on its Web site and in marketing materials, will be profitable or equal the corresponding indicated performance level(s). If performance numbers are generated gross of fees, a client's return will be reduced by investment advisory fees and any other expenses. Opinions expressed are those of WrapManager, Inc. and are subject to change without notice and are not necessarily those of Prospera Financial Services, Inc., its directors, parent company or its affiliates. Securities offered through Prospera Financial Services and cleared through First Clearing, LLC. Prospera Financial Services - Member FINRA/SIPC.

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