|
|
 |
Money Manager Monthly |
WrapManager.com | Contact Us |
May 2009 |
 |
|
|
|
MARKET COMMENTARY
 |
|
Eventually, Bears Wander Off to Hibernate
By Gabriel F. Burczyk, President & CEO
 "I've found that when the market's going down and you invest wisely, at some point in the future you will be happy. You won't get there by reading 'Now is the time to buy.'"
-Peter Lynch, Investment Guru and Former Manager of the Fidelity Magellan Fund
I can't blame investors for being frustrated these days.
The message from Wall Street is different day-to-day. "The market has hit bottom"..."No, it's a sucker's rally"..."Get back in the stock market, so you can be there for the big rebound"..."Nope...stay away...it's a false bottom."
It's no wonder why investors can't decide what to do. So they remain cautious - and they should be.
But that's exactly why it's important to examine the conditions that lead to "false bottoms" and "sucker's rallies"; and examine the conditions that lead to genuinely vibrant financial markets. Once we understand what the landscape looks like and what path to take that will take us to a clearer horizon, and subsequently better investment decisions, the better off we'll be.
|
MONEY MANAGER COMMENTARY
|
|
Market Turbulence Creates Long-Term Opportunity
 Wachovia Securities
"One of the many reasons this stock market has continued to rally is that so many people simply do not believe it should rally. These folks have fallen into the very human trap of believing they are smarter than the stock market. But, seeing should cause one to believe - "it's the facts, Jack," that should control our opinions."
Click here for full Advisory Services Group Investment Weekly, May 13, 2009
 Estabrook Capital Management
"As the first quarter of 2009 progressed with extreme market volatility and generally unfavorable business news headlines, our firm has broadened client portfolio equity exposure by adding holdings in previously underweighted sectors of information technology and electric utilities."
Click here for complete Manager Commentary, 1st Quarter 2009
 Goldman Sachs Asset Management
"We continue to favor emerging equity relative to developed equity and small-cap stocks relative to large-cap stocks, while we have become slightly positive on value stocks versus growth stocks and neutral on international equity relative to U.S. equity."
Click here for full Investment Outlook, 2nd Quarter 2009
 BlackRock
"We continue to believe that stock prices will be higher one year from now than they are today, and reiterate our view that a year-end target of 1,000 for the S&P 500 seems like a reasonable forecast."
Click here for complete Investment Commentary, April 27, 2009
 Eagle Asset Management
"Weaker competitors are going to go by the wayside. The market leaders are going to be even stronger coming out of this and we believe we will look back three or four years from now and say this was a time of tremendous opportunity."
Click here for full Update: Where We Are and Where We're Going, April 2009
|
MONEY MANAGER SPOTLIGHT
|
|
Interview with Baker Avenue Asset Management
 Baker Avenue Asset Management was founded by Simon Baker. Gaining traction quickly, the firm's core managed account strategy, the All Cap Core Equity Portfolio, has significantly outperformed its benchmark since inception through the period ending March 31, 2009.* In this Q&A, Mr. Baker talks about his company, and how its unique investment philosophy has established BAAM as a popular choice for independent investors who place a priority on capital preservation.
WrapManager: What was the genesis of Baker Avenue Asset Management?
Simon Baker: Baker Avenue believes that the tired Wall Street "buy and hold" approach is not suitable for clients who seek a certain level of principal protection. Asset Allocation is a good first step to reduce risk; however, we believe that a tactical approach to equity management that has the ability to move 100% to cash is necessary to provide a higher level of risk control. After successfully managing money since 1996, we launched BAAM, which allowed us to manage the All Cap Core on a platform that provided a truly open architecture.
|
|
|
|
|
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. © 2009 WrapManager, Inc. (800) 541-7774 |
| www.WrapManager.com |
|
|
|
|
|
