2017 Year End Focus Comment

December 13, 2017 by  
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Year End Focus                                                                                                                                 December 2017

In the light of this seemingly, never-ending record breaking stock market keep this in mind.

The government and Wall Street typically benefit from good news about the economy. They both know that the general public will not think highly of them if they are responsible for wasting or losing money for their tax payer or investors, respectively.  Therefore, it shouldn’t be a surprise that both the government and Wall Street spin their data to make sure their constituents, or investors are happy?

It is not that they are lying.  It is more that they are not telling you all the facts, all the necessary data.

For instance, if inflation is under control then why are food, fuel and housing cost considerably greater than 20 years ago, in relative value?  The answer is that the government has convinced everyone that using inflation data that excludes items such as food, fuel and housing expense is acceptable.  Why would they exclude the most common and necessary essentials of everyday life from inflation data?

Another example of the spin used to keep the masses happy is employment data. First the government has convinced everyone that people “dropping out” of the work force is acceptable.  Would you agree with their logic?

And then there is this: “Withholding tax collections are now signaling that the US economy is on the cusp of possible recession. The annual growth rate slipped to +2.2% as of December 5. That’s before inflation. Average weekly earnings have lately been growing at somewhat north of 2.5% (but there’s no inflation, ahem). So applying a 2.5% wage inflation factor indicates that real growth is now slightly negative.”, Sure Money author, Lee Adler.

We research a lot of data as investment advisors and I can assure you that the main stream media, government announcements and Wall Street were almost silent about the low tax withholding data when the most recent jobs report was glorified. And, we have more examples if you would like.

Having state this, we are not advising clients to exit stocks.  We are simply explaining how and why you need advisors that look beyond main stream data points, like Saint-Laurent Associates, to determine how best to position and protect your retirement savings and estate.

We are always here to review and answer any questions you may have about any aspect of your finances estate and elder care planning.  We are now accepting new clients resulting from your recommendation. Please let us know if you have anyone you think would benefit from our services.

Please email us at RST@StLaurentPro.com to make sure we have your email on file for future updates.

Thank you for your patronage and trust.   Happy holidays.

 

Richard Saint-Laurent, cwp

Summer 2017 Stock Market Update

August 3, 2017 by  
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August 2017

As many of you know, we have been commenting for a while now about why much of the economic data does not bode well for the stock market.  For many fundamental reasons it can be argued that it is not realistic that the stock markets can keep hitting new all-time highs –  yet, it is happening.

We do expect, inevitably, a long overdue, correction – which usually helps keep the markets healthy.  So far, all but of a few indicators are pointing to an inevitable correction.  However, if history is any indicator, once those few hold outs come into line dare we say, that there may be more gains to come in the broader stock markets?  Here is why we have some confidence that we still have some upside:

  • Believe it or not there are still record amounts of investor’s cash sitting on the side lines since the last market crash in 2008. The general public is STILL not significantly “in” the markets – and massive bull markets don’t typically peak until the general public is in.
  • From a pure economic data prospective this bull market is still incredibly “broad.” There are hardly any weak spots.  Even gold is moving higher.
  • Where else are investors to invest to make enough profit to keep pace with a 2-3% annual inflation rate?  The answer is: Nowhere.  In fact, most so-called conservative bond funds have been showing negative returns for years now.  The U.S. Stock Markets are the best looking house in a bad neighborhood, to use a real estate analogy.

Perfect segue – Remember the last real estate boom?  By the peak, it seemed like everyone was “in real estate.” That’s what a peak looks like. But today, the general public is selling stocks, not buying. Investors are not piling in. They are getting out…

“Despite the relentless uptrend, there has not been a sustained rush into equity funds,” Jason Goepfert, of SentimenTrader.com, wrote on his site last week. Jason’s service tracks dozens of indicators to gauge what investors are thinking. “In early July, investors pulled more than $11 billion from domestic equity funds.”

The average investors is too emotional and therefore is makes decisions based on fear.  But the “fear of loss” is over played.  The fear of losing out on potential market gains has yet to flourish.The next progression in this historical, irrational investing pattern will be the “greed” stage. When greed overtakes fear of loss, then we’ll be getting close to a correction. We’re not there yet.

Further evidence pointing to more short term upside in the stock markets is once again based in history. During the Tech Boom of the late 1990’s, more stocks were falling than rising.  That was a warning sign.

The financial term for this data set is called the Advance/Decline Line.  The Advance/Decline Line is simply the running total of the number of advancing stocks in a day minus the number of declining ones.  In other words, when any bull market is being carried on the backs of just a few companies, it’s not a sustainable.

Just compare the data of today to 1999?  The opposite seems to be happening…

During the dot-com boom in 1999, the Advance/Decline Line was falling – signaling that the market’s overall health was poor. Today it’s showing the opposite. Take a look:

In short, it seems this market is healthy – for now.  But we must proceed with much caution, as always.

Therefore, we are recommending a great weight of our growth portfolios to equities for the short term – this includes reallocating more cash held in reserve into equities, as well.

As always, contact us with any questions or changes in your life.

In the mean time, enjoy the summer.

Richard St-Laurent, cwp

July 12, 2017 by  
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Did you know that the Department Of Labor (DOL) “strongly suggests” that every 2-3 years business have their 401k plan independently review for competitiveness by competitors – and document the results?

If your business has a 401k plan, and you are an executive or have anything to do with it you are personally liable.  You may probably be thinking that your plan provider told you that everything is “within reasonable standards” or  “within compliance standards based on new DOL mandates” or “we are fiduciary advisors, so don’t worry about it”.  

As a prudent fiduciary yourself, you should then to ask them to produce documented proof, in writing.  But what exactly would you ask them for?  Unless you work or are educated in fiduciary services how can you evaluate something for which you have limited experience, basis, criteria, nor a guide book, if you will?

We can easily help.  Start by taking our short 401k Compliance Questionnaire to know what you need to look for and if you have any glaring compliance issues.  If you answered  ‘no’ to more than one question we can tell you what you need to correct it and dramatically mitigate your personal liability, reduce costs and increase services while improving your employees’ retirement plans, as mandated by the DOL. Forward this web page to anyone responsible for your 401k , if need be.

2016 Year End Comments

December 25, 2016 by  
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December 2016                 

As I pen this letters, the stock market’s recent surge has confirmed the trend higher, hitting our predicted long term records.  But, that does not mean a correction can’t come before creating more new highs. As we have been saying for over a year now, a correction is still way overdue. Although there are many reasons for this prediction, another  point has recently become glaringly obvious: Just five stocks have accounted for over 60 percent of the move up.

According to Weiss Research, “…about two-thirds of the rally in the Dow can be attributed to five companies: Goldman Sachs Group Inc. (GS), UnitedHealth Group Inc. (UNH), JP Morgan Chase & Co. (JPM), Caterpillar Inc. (CAT), and Boeing Co. (BA).

But, one company has stood above the rest during this post-election rally: Goldman Sachs.

In fact, the investment firm has been responsible for a huge amount of the increase in that index — a mind-boggling 30 percent of the recent gains. The other four stocks combined make up the other 30 percent.

Still, for investors even thinking about chasing these high-flyers, keep this in mind: When the rally backs up some — which I believe it will — these five will likely get hit the hardest.

And while market breadth — or the number of stocks advancing compared to those declining — is improving, it’s still not what I’d like to see for a rally of this magnitude”

Does this sound confusing?  Not if you have been listening to us regularly and you have worked with us to create a plan.

This year marks the 36th anniversary of our financial planning firm.   Many of you, friends and clients, have been with us for most of these thirty-six years.   We are grateful for your loyalty.   From the beginning of our practice, we have always placed first, the interest and financial goals of our clients.    

As investment advisors, 2016 has been a challenging year, as we worked to keep our anxious clients focused on their long-term goals while guiding them through the turbulent periods.  Stock markets began the year with a declining performance as oil prices plummeted and the Chinese stock market sell-off reverberated globally.  Our advice to fearful and anxious clients then, was: Keep calm, stay the course, and, had we taken some profit earlier, view a market decline as an investment opportunity to invest any idle cash in their investment portfolio.  History has proven time and again that investors who are willing to wait out short-term volatility have been rewarded over the long term. 

Over the years of our association, we have frequently discussed the various views of risk from your investment perspective.  We have always emphasized the importance of portfolio diversification to minimize the effect of market volatility, and the associated risk of loss. The inclusion of diverse asset classes in a range of industries has the effect of dispersing investment risk.  

Diversification of management and strategy discipline are other ways we continually explore in order to reduce risk as well. This is an interesting topic we will elaborate more on if you are interested, or when we speak next.

Risk has always been pervasive in investing, no matter how “conservative” an investor may consider themselves.  In today’s ever-shifting global landscape, it has become even more pervasive.  There are often misperceptions about risk.  For investors, there are two important misperceptions.   The first and most prominent misperception in investing is that all risk is bad.   In reality, investors must accept an element of risk in order to realize a return.   The familiar adage applies:  “No risk, no reward”.    We apply the perception of risk as we work to construct an investment portfolio for our client, as we discuss the goals, investment objectives, time horizon, and investment risk profile of every client to fashion an allocation policy.   Thus, the risk may actually be perceived as a way to assist the portfolio construction process. 

Diversifying can improve a portfolio’s investment risk profile.  The challenge with this is that “risk” means different things to each investor, and there is no magic formula to risk management.  The prime way to diversify a portfolio is by attempting to achieve optimal balance of risk-taking to generate returns.  To adequately diversify risk in the portfolio, the investor must determine and define what risk means to them by thinking about the investment objective, and to assess that risk.  There are multiple ways to assess risk.  Is currency risk more important than market risk, or country (political) risk?

Another common misperception about risk has to do with cash.  Most investors assume that cash is risk-free and that holding it is the best safety net.  That may not be the case.  Investors need to consider that cash also carries risk since it is currency, and currency can inflate and deflate in value.  The amount of cash the investor holds at a moment’s time may not be worth the same at another time.   While inflation is not a major concern today, investors should be wary of holding too much cash.  Holding cash is risky because holding it is gambling that the currency value will always remain the same, or increase in value.          

Finally – One of the riskiest asset classes is “alternatives”.  Alternatives have long been known to be among assets reserved only for those investors who are willing to bear the heightened risk that comes with the ability to achieve sizable returns.  However, sorting risk in alternative investments involves assessing varying risk dynamics.  The wide range of alternatives, such as hedge funds, private equity, venture capital, property, and infrastructure involve varying risk dynamics.  Each of these investments may produce outsize returns, but present unfathomable risk as well.                      

There are few investors today who invest in only one asset class, essentially putting all their eggs in one basket.  When diversification is recognized as the correct way to reduce risk and gain income in the process, it is essential to differentiate among the available eggs and choose the right ones to create the best combination.  What risk means to you is not the same as what risk means to someone else.  Knowing how various asset classes impact your portfolio and strategizing accordingly is essential.  And, sometimes you need to take some gains, even if you think the peak has not yet arrived.             

One more commonly over looked point: Do not assume your work retirement plan or 401k is immune to undue risk. On the contrary, there has been a dramatic rise in law suits against 401k sponsor and providers due to poor due diligence, unnecessary risk, conflicts of interest and unreasonable expenses related to 401k plans – in particular, Fidelity and other large brand names are leading the guilty suspect’s list. We have expanded our ERISA fiduciary relations to better analyze and advise you with employer sponsored 401k plans and other benefits options.

Our client reviews involve reappraisal of client investment objectives, risk assessment, time horizon, and portfolio diversification, in conjunction with life, estate and elder care planning.  

Please call soon to schedule a meeting for your review.                                                                                                                                                                                                                                                                                                                                            

Thank you for your continued trust and confidence.

We Wish You A Happy Holiday and A Prosperous New Year

Sincerely,

Richard St-Laurent, cwpp

 

Five Star Award Profiled in Boston Magazine, March 2016 Issue

July 8, 2016 by  
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BOSTON April 8, 2016 PRLog — Richard St-Laurent, owner of one of the oldest niche registered

investment advisory’s in Boston, North Shore, Saint-Laurent Associates continues accolades after being

awarded the Five Star Wealth Manager designation in 2016, as profiled in Boston Magazine.

 

“Big Brother”, with its growing surveillance and regulations, is out of control and continues to control more of your life and business than you may ever know.  And what you don’t know can harm you. Every person involved in any process of selecting and implementing retirement benefits plans, needs to know how to protect themselves from personal losses and law suits.  For over 30 years Saint-Laurent Associates has been helping investors and business with every aspect of financial and estate planning.

 

PROBLEMS OF TRADITIONAL INVESTING, An Industry Slow To Change:  Investment options and reporting for investors, benefits providers, fiduciaries and employers have changed dramatically, yet many in the financial and insurance industry are slow to change accordingly.  In addition, market dynamics are very different and will continue to change.  Data has proven that the old strategies by themselves do not always work.  Therefore, strategies and products need to change with the market place. This means more research, communication and expense dedicated to clients.  Many providers avoid smaller accounts due to low profit potential.  Not at Saint-Laurent Advisors & Associates.  We help find the solutions to fit your needs.

 

SOLUTION: The Key Is Finding the Proper Vehicle To Solve the Problem:  At Saint Laurent Advisors (SLA), we represent our prospects and clients to find the proper solutions to suit each situation.  This means investors need to partner with advisors that will be ahead of the curve.  As an independent firm we are able to be more proactive and nimble. Therefore, we search out cutting edge strategies and offer alternatives – some not yet understood by most firms but likely to become standard practice.  Unlike traditional brokerage and highly advertised firms, SLA benefits as our clients profit.  Therefore, we are proactive in our suggestions and solutions.  Contrary to what many believe accountants and attorneys are not trained to be proactive and may not understand all the available options to their clients.  Beware the “generalist” advisory, who claims they are “fiduciaries” – there are varying degrees of “fiduciaries”.  Know the types of “fiduciaries designations”, defined by the Department Of Labor and the IRS, and which best suits your objectives.

 

Telephone: 978-232-9990

Websites: http://www.retirementplanninginbostonma.com/retirement-pl… www.StLaurentPro.com

BREXIT! Why Is This Not Bigger Than Greek Crisis?

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Unless you follow global current or financial events you would not know that on Thursday the British

will vote on whether to stay in the European Union and be part of the Euro-currency – and by extension

stay part of the fledgling European economic experiment.  This event has been dubbed the “Brexit”

vote, short for “British Exit”.

You may recall (whether you liked it are not) that the sky seemed to be falling according most media

a few years ago when Greece was defaulting on their debts and the rest of Europe was struggling to keep

them solvent and, more importantly, within the Union.  The Greeks were, and still are, threatening to

leave the European Union (Grexit) due to what they see as unreasonable loan terms and draconian budget cuts

imposed upon them by other European countries as conditions for bailing Greece out of debt.

So, why does the Brexit vote not seems as pressing and news-worthy as the Greek financial crisis?

Major analyst and money managers have been sounding alarms for some time now yet, in comparison to the Greek crisis, things seem quiet – until recently.  Why?

It could be because the European Central Banks were able to kick this proverbial can down the road long enough, coupled with the vast selection of eye-catching, global headlines, that the Brexit story was kept off the main-stream media roles to some extent.  Maybe it is because the global markets are in unprecedented territory that a ‘wait and see’ or ‘paralysis by analysis’ attitude has taken hold.

Saint-Laurent Associates does not profess to know the future.  We prepare our clients for likely events based on experience and data.  As many know, we have been advising about market corrections and volatility for various reasons, the European Union being just one of them.

The bottom line is that with polls and experts basically equally divided, and data being scarce on this type of experiment, we find it best to be heavily weighted in cash, liquid or mostly conservative strategies for the near term.  

If anyone needs clarification or help with this, or any life-decisions, contact us.

Richard St-Laurent

5 Star Professional Wealth Manager Award Winner

 

Social Security Eliminates Some Benefit Options, May 1st

April 21, 2016 by  
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Did you know that:

– Contributions to Social Security Administration (SSA) are NOT earmarked and are considered general funds

by the U.S.Treasury, based on Supreme Court ruling (Helvering v. Davis 1937)?

– The Supreme Court ruled that workers have NO rights to their Social Security benefits (Fleming v. Nestor 

1960) and they can be eliminated at any time?

– In 1983 Congress passed a law to tax 50% of a social security recipients benefits to attempt to repair the future bankruptcy of the system:    “Following the 1979 Advisory Council, the National Commission on Social Security Reform (informally known as the Greenspan Commission after its Chairman) was appointed by the Congress and the President in 1981 to study and make recommendations regarding the short-term financing crisis that Social Security faced at that time. Estimates were that the Old-Age and Survivors Insurance Trust Fund would run out of money, possibly as early as August 1983. This bipartisan Commission was to make recommendations to Congress on how to solve the problems facing Social Security. Their report, issued in January 1983, was the basis for Congress’ consideration of the Social Security reform proposals which ultimately resulted in the 1983 Social Security Amendments.”

– Governor, Chris Christy, says Social Security is BANKRUPT & only IOU’s are left?

– SSA Trustees expect the deficit to average $75 billion each fiscal year from 2013 to 2018 before rising sharply?

– US National Debt – $19 Trillion ($19,000,000,000,000), and growing?

– Total US Debt – $64 Trillion ($64,000,000,000,000), and growing?

– Total Unfunded Liabilities – $100 Trillion ($100,000,000,000,000), and growing?

– Over 161 million Americans receiving government benefits, and growing, compared to ONLY 150 million in the work force?

- Last year there was NO cost of living increase for SSA recipients but there was an increase in welfare benefits?

– On May 1st, 2016 SSA, unexpectedly but not surprisingly, will eliminate the two most common benefits options?

If you, or anyone you know, has reached full retirement and has not decided to file for SSA benefits, suspensions 

or restrictions contact us before the month ends.

Regardless, we can help with any and all decisions about your finances and retirement.  Proper selection of SSA 

benefits are just part of a complete analysis we offer for everyone, at no charge.

Richard St-Laurent,cwpp

2015 Year End Review

January 7, 2016 by  
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Many are familiar with my view that the stock, and most of the bond markets, have been artificially inflated by many factors since the “Tech Crash” in 2000. The main funding source for these unhealthy market manipulations has been the Federal Reserve’s “cheap money” policies – or as I call it, the Fed’s “money printing” policies.

What some may not know is that we pay close attention to as many analysis and opinions as possible, included those not usually disclosed by the main stream investment and advisory world. Among the less conventional analysis I study there is consensus that the securities markets and, by extension, the economy (not the other way around, as many in the main-stream want you to think) are likely to see tough times ahead.

So why is it that the more conventional investment analysis and advisors are less inclined to tout bear market predictions? Most likely because they fear that money will be taken out of securities and parked into cash, precious metals or other guaranteed contracts. All of which might lower the fees and commissions of Wall Street traders and their reps on “Main Street”, who typically utilize more conventional strategies. It reminds me of the proverbial owners of a recreational water park during the summer who would rather the weather forecast read partly sunny, instead of partly cloudy.

Please continue to read on and let us know your thoughts. Call or email us at RST@StLaurent Pro.com if we do not have your email address.

History tells us that every bull market eventually ends. After nearly seven years in a bull run, it seems the market is starting to run out of steam. The average bull market run is eight years.

In October, the Dow Jones Industrial Average gained 8.5% but not before losing all the gains for the year in September. The Dow has shown volatility since then. It has gone as high as 17,977 and as low as 17,210. It’s back to being positive, though still slightly negative for the year.
The major stock market indexes closed 2015 with a loss. We think a bear market may be in store for 2016, if not more volatility, mostly the result of many years of government and Federal Reserve policies prolonging the market corrections necessary for a healthy, free market economy.

Evidence of the unhealthy stock market can be seen in the limited breathe of strong companies in the major indexes. The Dow Jones Industrial index, for example, hit its 52-
week high on May 19. Since then, 12 companies – Walt Disney Co. (NYSE: DIS), Nike (NYSE: NKE), Home Depot (NYSE: HD), Visa (NYSE: V), McDonald’s (NYSE: MCD), UnitedHealth (NYSE: UNH), Microsoft (Nasdaq: MSFT), Travelers (NYSE: TRV) General Electric (NYSE: GE), JPMorgan (NYSE: JPM), Pfizer (NYSE: PFE) and Goldman Sachs (NYSE: GS) – have set new highs themselves.”

Most of these companies stocks are the Dow index’s best performers for this year. So what’s the problem?

Of the remaining 18 index components, the last new 52-week high was set on May 4 by IBM (NYSE: IBM) – the Dow’s biggest dog of the year. Nine of these companies had 52-week highs set over a year ago.

This means the 12 companies that hit highs after May 19 are carrying the index despite the performance of the remaining 60% of the index.

Ultimately, 40% of the companies in the Dow are driving the index.
Many may not be aware that heavily weighted, high-performing stock (or, in this case, group of stocks) can push an index higher while everything else drops.

This demonstrates how widespread weakness is hidden by the better performance of a small group of stocks – or even a single stock. This allows the main stream talking heads to tell us that the market is moving higher and setting new highs long after the majority of its components have topped out.

Case in point: Apple stock. The single strength and weights of Apple shares was able to offset the declines seen elsewhere. But once Apple got tired and faded in September, the Dow plummeted.

As I have written before, we maybe okay for the remainder of this year in most sectors. However, this is a good to time to regroup and play defense if you have not met with us to do so already. Then more strategic and/or tactical methods should be considered.
Why not stay the course because any market losses will be recouped based on historical experience – just as those conventional, main stream advisor would like you to think? If we have not yet met to discuss the answer to this important question please contact us soon.
Regards,

Richard St-Laurent, cwpp

August 31, 2015 by  
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August 2015
“No one ever made a dime panicking” – (Jim Cramer, popular television stock analyst)
Dear client –
The stock market had a difficult stretch the past few weeks, and some measurable damage was done in the process. But this decline remains relatively modest by historical standards, particularly for a market that is still within the range of all-time highs. As a result, it is important to maintain calm even if the declines continue into the coming weeks. Stock prices do not fall in a straight line, and the market is filled with enough bulls and generous policy makers to help insure that we have a long trip through any future bear market. We are likely due for more volatility in the near future.

Keep things in perspective!
With all of this in mind, let’s not ignore the fact that stock markets all over the world took a beating the last few weeks. The first point to emphasize following these challenges, is the importance of staying calm, and putting the market in which we are operating today into perspective. Today’s stock market is currently in the seventh year of what has been the third longest bull market in history. It reached a new all-time high as recently as late May, and nearly set new highs late last month, a mere three weeks ago. In other words, although the recent pullback certainly was dramatic, it only sent the stock market back to levels that were being celebrated as a new all-time high as just one year ago.

What can we expect from here?
Things could get turned a bit upside down from here on. If you are a stock market bull, you actually want to see the market continue the decline from here. But if you are a stock market bear, the absolute last thing that you want to see is the market to continue to decline sharply. If I’m bullish, I want this sharp correction to continue, and if I’m bearish, I want the correction to end as soon as possible. How can this make any sense? Two reasons: First, stock prices are driven by momentum. In other words, if they go down sharply, they have a tendency to bounce back with a comparatively strong force. One has only to look no further than the most recent pullback in October 2014 to see these forces at work. Stocks fell sharply to the downside, but ended up bouncing back with an even greater force that propelled them to new highs. This is one of the reasons why it is so troublesome for asset classes when the bounce from a precipitous fall is weak, for it more often than not will foretell the potential for further declines ahead, just as we are seeing with oil and energy prices today.
But as all of this relates to stocks; there is certainly no shortage of stock market bulls that will see this recent pullback as the buying opportunity for which they have been desperately waiting. To paraphrase Warren Buffet:
” When the stock market has a sale, few take advantage of lower prices, and most run away”
So, the much-anticipated correction in stocks is officially here. That said, we don’t believe that this is the start of a bear market. Yet, this could foretell the beginning of a change. Corrections are healthy for the market, and we haven’t experienced one for over three years (one of the longer gaps the market has had without a correction. We encourage our investors to keep things in perspective. As long term investors, we advocate using this volatility to add to (or open new) positions. Pullbacks like this are truly a gift for long-term investors looking to put new money to work. This is the best time to buy great stocks on sale.

So, Back To The Original Question, “Where Are We Headed?”
If you are a veteran to investing you have seen this all before. Markets go up and markets go down but general they go up and all is good. Really? In general, maybe that line of thinking was true before 2000. this-is-no-longer-your-father-s-stock-market-everything-has-changed As you know from our previous meetings and writings, we feel that the paradigm of investing is changing because the variables are changing compared to the past. Therefore, advice and strategies must change in order to address changing market conditions or investors that use old data and strategies will be condemned.
Those that are ready to start taking income from saving and investments should be even more concerned about using old advice and strategies to make investment decisions. Why?
Because, as we saw last week, investors, got skittish (due to many unsettling facts we can discuss at another time) which lead to severe market declines. As is the case with such over-reaction, we expected a short-term recovery, evidenced by the subsequent rally as well as the read of the futures. The initial thrust for the bounce could be the scheduled Federal Reserve talks, increased GDP numbers just released, steps taken by China to stabilize markets, or simple that there is no other place to make a decent return right now and, paradoxically, prices are cheap due the recent sell off.
Regardless these are all short-term influences only. They do nothing to change our longer-term opinion – that a major paradigm shift in the markets is developing, with more volatility, concern (and opportunity if you have the proper, new strategies in place) ahead.
We encourage you to schedule a meeting to discuss if you are properly positioned to take advantage of opportunities ahead, and to address any of your other financial planning concerns.

Beverly Award Program Honors the Achievement of Saint-Laurent Associates

March 18, 2015 by  
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FOR IMMEDIATE RELEASE

Saint-Laurent Advisors Receives 2014 Best of Beverly Award

Beverly Award Program Honors the Achievement

BEVERLY April 23, 2014 — Saint-Laurent Advisors has been selected for the 2014 Best of Beverly Award in the Investment Advisory Services category by the Beverly Award Program.

Each year, the Beverly Award Program identifies companies that we believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and our community. These exceptional companies help make the Beverly area a great place to live, work and play.

Various sources of information were gathered and analyzed to choose the winners in each category. The 2014 Beverly Award Program focuses on quality, not quantity. Winners are determined based on the information gathered both internally by the Beverly Award Program and data provided by third parties.

About Beverly Award Program

The Beverly Award Program is an annual awards program honoring the achievements and accomplishments of local businesses throughout the Beverly area. Recognition is given to those companies that have shown the ability to use their best practices and implemented programs to generate competitive advantages and long-term value.

The Beverly Award Program was established to recognize the best of local businesses in our community. Our organization works exclusively with local business owners, trade groups, professional associations and other business advertising and marketing groups. Our mission is to recognize the small business community’s contributions to the U.S. economy.

SOURCE: Beverly Award Program CONTACT: Beverly Award Program Email: PublicRelations@recognitionawarding.com URL: http://www.recognitionawarding.com