With the stock market trading near record highs should investors adjust their portfolios? David Darst and Jay Kaplan say yes! Darst is an independent investment consultant and Senior Advisor and member of the Global Investment Committee at Morgan Stanley. He is also the author of 11 books, including two on mastering the art of asset allocation. Kaplan is portfolio manager of several funds run by small cap pioneer, The Royce Funds, which is known for its value orientation and high quality company focus. We’ll get their personal perspectives on market valuations.
RECENT PROGRAMS
GARDNER: ENTERTAINING INVESTING
Can investing be a lucrative game? Brothers David and Tom Gardner founded the online investment advisory service, The Motley Fool, in 1993 to help people become better investors while having fun doing it. 20 years later their Stock Advisor growth and value portfolios have beaten the market by a wide margin.
We’ll talk with “Head Fool”, Co-Founder and CEO, Tom Gardner, about their unusual approach and impressive track record.
KATHLEEN GAFFNEY – BOND RISKS
Great bond investor Kathleen Gaffney says it’s been the quietest summer bond market in her 20 plus years of managing fixed income funds. Is this the proverbial calm before the storm? Have years of low interest rates lulled investors into another false sense of security? Gaffney, Portfolio Manager of the Eaton Vance Bond Fund, is concerned about risks in the bond world and has adjusted her portfolios accordingly. She’ll explain why she thinks bonds are fraught with risk and why stocks and cash are now a big part of her portfolios.
WATCH NOW…
THE END OF AN INVESTMENT ERA?
As it’s the summer vacation season, we are re-airing a program that was of particular interest to our viewers. It’s a WEALTHTRACK exclusive with two outstanding value investors – Wally Weitz of the Weitz Funds, and Tom Russo of Gardner Russo & Gardner, together on television for the first time.
Financial Thought Leader and long-time exclusive WEALTHTRACK guest, Charles Ellis is a legend in the investment consulting business. A few years ago he had what he described as an “aha” moment, the realization that passive investing had become superior to traditional active money management for a host of reasons. He lays out his rationale in “The Rise and Fall of Performance Investing,” recently published in the Financial Analysts Journal. He is sharing it with WEALTHTRACK.
POSSIBLE SAFE HARBORS
WEALTHTRACK is pre-empted on many public television stations this week because of summer fund raising drives, if it is pre-empted in your town, you can see it here. However, we are still keeping our eye on the rising geopolitical tensions around the world and their possible impact on financial markets. Strategas Research Partners recently sent its clients a list of investments which should benefit during times of uncertainty.
RETIREES ON TRACK
As it’s the summer fund raising season on public television, this week we are revisiting an interview with two top personal finance journalists, both now at The Wall Street Journal. Jonathan Clements and Jason Zweig tackle the three greatest financial challenges facing Americans. Watch the episode here.
New this week, we are sharing some interesting research on retirement savings. It’s from a recent T. Rowe Price survey which found that recent retirees with 401 (k)s feel on track meeting their financial goals. Some of their key findings are that retirees are living on less – on average, around 66% of their pre-retirement income. However, nearly 60% report that are living as well or better than when they were working. Almost 90% are reasonably satisfied with retirement so far and most think that are better off compared with how their parents fared in retirement.
