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Now is an especially good time to ask yourself how well your portfolio is positioned going forward.
Today many investors are still heavily weighted in low quality equities, funds and long term bonds with weak fundamentals unprepared for a rising interest rate environment. Too often these same investments have been recommended based upon the brokerage firms' goals rather than the clients specific needs and expectations.
In addition, age weighted portfolio strategies, robo
investing based upon math algorithms and various new political dynamics
ranging from changes in the Euro to significant domestic policy changes
regarding health care and taxation combine to create significant new risks.
Parish & Company takes pride in maintaining a focus on fundamentals
and achieving good results in both strong and difficult markets.
In addition, there are no conflicts of interest in that 100
percent of revenues result from a flat client management fee
of .75 percent of assets per year.
These are indeed times of both extraordinary opportunity and risk
in the investment world as investors experienced the best stock
market in decades in the 1990's followed by three difficult years, the .com era, and then solid
performance again in 2003-2007. Then came the the disaster of 2008 followed by strong years from 2009 to 2016.
Many senior citizens in particular are living longer more exciting lives yet are also frustrated by low long-term interest rates. As a result, they are taking significant risks by being overexposed to low quality equities and long term bonds. Compounding this risk is the uncertainty generated by higher energy costs.
This makes now an excellent time to have Parish & Company review your portfolio and determine if it is balanced, consists of high quality investments and is squarely focused upon income generation and your goals rather than your investment firms goals.
Today most quality investment choices can be accessed via a discount broker and this is ideal for investors and their advisers like myself. By using a quality nationally recognized discount broker, for example TD Ameritrade, investors are able to gain custodial security and low cost access to individual stocks, additional fixed income alternatives and top quality funds in various fund families, including Vanguard and Barclays, when appropriate.
Parish & Company is recognized internationally for its review of corporate financial matters, in particular mergers, inventory, taxation governance, and compensation practices. This includes detailed studies of Microsoft, AOL/Time Warner, Cisco Systems, Portland General Electric, Berkshire Hathaway, Weyerhaeuser and Citigroup, all of which have been widely used by major media outlets.
This research is known for its consistently high quality and enables me to develop a global network of leading asset managers, financial analysts, regulators, business journalists and university professors. This is, I believe, a key advantage in working with Parish & Company.
Historical Comment: January 2000 - July 31, 2003 and January 2008 - December 2009
In late 1999 and early 2000 I began to focus on the "quality" of corporate earnings, as corroborated by news stories in my press archive and various interviews. This resulted in removing technology stocks and funds over weighted in technology stocks from client portfolios, including the Vanguard Index 500 mutual fund. In 1999 five technology companies accounted for 75 percent of the gain in the S&P 500. At the time I lost 6 clients who were happy yet concerned about my "sudden old economy orientation." Today five of the six are once again clients.
This included recommending in late 2000 the sale of all stocks and stock funds due to the accelerating breakdown in the integrity of corporate earnings , in essence a strong shift to wealth preservation. Clients were therefore largely protected from losses during a very difficult period. There will always be creativity in reporting financial results, that is expected, but again this previous situation was one of historical significance. My focus remained on wealth preservation until the integrity and reliability of financial reports improved, the key date here was June 2003. At this time my orientation shifted back to one of "balance" as I began to again selectively add equities.
In January 2008 I similarly accelerated a process that began in the
fall of 2007 in which equities were sold and replaced with government
security backed money market funds due to a specific concern with
respect to hedge funds and derivatives. This focus upon wealth
preservation made a significant difference for clients, even after
considering the strong market in 2009.
I take great pride in serving my clients and enjoy my work. Thank you for visiting my web site and please do let me know if my services would be of interest. Best regards.
Parish & Company
4800 Meadows Road Suite 300
Lake Oswego, Oregon 97035
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