Jeff Voudrie said . “Retail investors were told that everything was OK, and many of them ended up losing significant portions of their wealth as a result.”
Johnson City, TN (PRWEB) July 25, 2014
The record-breaking highs achieved by the U.S. stock market dipped in recent weeks, which could indicate internal weaknesses that may trigger a further decline, according to Jeff Voudrie, president of Common Sense Advisers. In today’s globalized world, Voudrie added, we should also look for clues that could heavily influence all markets, starting with a Portuguese bank missing a payment—a possible “canary in the coal mine.”
Whatever investors do, especially those nearing retirement and hoping to create an adequate nest egg, they should not listen to the “all is well” crowd, as happened in both 2000 and 2008, Voudrie noted. “I remember back in 2007 when the S&P 500 hit its all-time high in October. We didn’t really see everything unravel until August of the following year.
“There were several ‘canaries’ prior to that collapse that were simply explained away by the media and the Wall Street System’s preachers,” he added. “Retail investors were told that everything was OK, and many of them ended up losing significant portions of their wealth as a result.”
Voudrie keeps a keen eye on any possible “canaries” that would warn of imminent danger, and urged all market watchers to consider the impact of Banco Espirito Santo SA reporting that it had missed a short-term interest payment. “Doing so is a clear sign of financial hardship,” Voudrie said. “This roiled the markets, which have since stabilized. Is Banco a canary in the coal mine? Is it possible that there are other companies that have the appearance that all is OK when it’s not?”
In the short term, Voudrie said that green arrows were appropriate for the U.S. and Canadian stock markets, “but internally the components of those indicators are starting to turn negative.” As a result, he said, “The chorus of those warning of a ‘crash’ is growing, but no one knows exactly when it will occur.”
Conditions such as these turn the focus of money management to wealth protection more than healthy growth. “If I were a retail investor, the last place I would want to be right now is with a traditional financial advisor who keeps telling me everything is fine,” Voudrie noted.
Voudrie offers his clients a patented software system that can quickly react to market movements, thus limiting losses before the bleeding becomes excessive. “It is important to work with a money manager that relies on well-defined processes and systems that are designed to protect wealth as much as grow it,” he observed.
Not all is bad news in the markets, Voudrie added, noting that his favorite bond fund continues to beat the S&P 500 and NASDAQ. The rise of the British pound and Canadian TSX also bear watching, he concluded. “The key to doing well in this environment is understanding the macro environment where the USD continues to go down, inflation continues, yields are declining and U.S. growth is slowing. Invest accordingly.”
A financial services industry veteran with more than 20 years’ experience, Jeff Voudrie is a new breed of private money manager. Using sophisticated electronic monitoring and software, combined with his 20 years’ experience as a money manager, Jeff works with you to create a personal investments management portfolio that reflects your lifestyle goals and risk tolerance. He specializes in stable growth and prudent profits while applying a robust, patented risk management processes. When you work with Jeff, you have the security of knowing that your life savings is getting the attention it deserves.
Jeff Voudrie, a financial planner in Johnson City, TN has been interviewed by The Wall Street Journal, CBS MarketWatch, The London Financial Times and the Christian Science Monitor. He is a former syndicated newspaper columnist and the author of two ground-breaking books: How Successful Investors Tripled the Return of the S&P 500 and Why Variable Annuities Don’t Work the Way You Think They Work. He accepts a limited number of new clients in his personal investments management practice. He and his wife Julie live with their seven children in Johnson City, TN. He is heavily involved in his local church and has done missionary work in Hungary and Cambodia.
Common Sense Advisors
105 Keeview Court
Johnson City, TN 37615