To Savvy Investors, Risk Is No Four-Letter Word
Posted by cjmadmin on Tue, Nov 27, 2012
I recently met with a prospective client on Long Island who was born in 1950. During his lifetime, he has seen the S&P 500 Index (an indicator of the strength for some of the world’s greatest companies based on their stock price) rise 70 times its value to its current level of about 1400, far outpacing inflation during the same peri..
When It Comes to Investing, Control is Key for Successful Wealth Managers
Posted by cjmadmin on Sat, Nov 17, 2012
When it comes to financial planning, you can obviously plan for those things within your control. Diversification and investment costs will always take careful planning and rational thought to navigate.
It has become apparent that most wealth advisors lose direction when it comes to those things they cannot control, such as the course of the..
Fiduciaries at Fault When Fees Are Forgotten
Posted by cjmadmin on Mon, Nov 05, 2012
As the fiduciary of a 401(k) plan, you’re putting a lot on the line, especially if you keep information on fees from plan beneficiaries. Time and again, we’re not seeing the investment brokers held responsible, but rather the companies and their fiduciaries, costing millions of dollars for negligence.
Recently, ABB Inc. was fined..
No Magic Bullets for Wealth Management
Posted by cjmadmin on Thu, Oct 25, 2012
David Lerner Associates was recently nailed for alleged unfair sales practices and needless consumer fee markups in their investment practices, leaving many Long Island investors in the lurch. Essentially, DLA was convincing their customers to put money into higher risk funds that yielded more in fees for the company, while not necessarily ma..
Managing Wealth by Media Analysis? Big Mistake.
Posted by cjmadmin on Fri, Oct 12, 2012
The NY Times, as it does every quarter, provides a list of best and worst performing mutual funds for that fiscal period. This is so comical and another example of how the media provides the wrong advice. In real life, mutual fund “performance” statistics are an abstraction, because people don’t get investment returns. The..
Business Owners: If You Think You Can Invest Like Everyone Else, Think Again!
Posted by cjmadmin on Thu, Sep 20, 2012
Just because you own and run a successful business doesn’t mean you’re financially secure. There are many wealth management pratfalls that are exclusive to your situation. Don’t let your confidence be your financial downfall.
Some of your hidden wealth traps include:
• Using the business as a per..
50 Shades of Grey and Investing... What do they have in common?
Posted by cjmadmin on Tue, Sep 04, 2012
At CJM we strive to provide guidance that offers our clients the greatest opportunity for long term investment success, vs. the so-called guidance offered through the media based on crystal ball predictions by talking heads, or simply the fiction version of the real story.
The media has one goal - sell advertising so they ..
Charlie Massimo Named Premier Advisor by NABCAP
Posted by cjmadmin on Mon, Aug 27, 2012
National Association of Board Certified Advisory Practices
Melville, NY – August 24, 2012 – CJM Wealth Management announced today that Charlie J. Massimo have been recognized as NABCAP Premier Advisors, an exclusive group of financial advisors who represent the best in quality wealth management in Melville, NY...
Lost Decade? Not For Disciplined Money Managers
Posted by cjmadmin on Fri, Aug 24, 2012
The performance of the stock market over the last decade has driven most investors to lower-risk options, or out of the market altogether. But a financial knows that anyone telling you to steer clear of any investment option is just blowing smoke.
Standard wealth management should consist of a diversified portfolio to hedg..
Zynga’s Fiery Implosion
Posted by cjmadmin on Fri, Aug 17, 2012
Why to Choose Small Financial Advisors and Avoid the Conglomerates
Zynga, the makers of the Words with Friends and Farmville, posted a $22.8 million loss in the second quarter of the year. That’s a 70% decline since its IPO in December 2011. But that didn’t stop founder Mark Pincus from dropping a sweet $16 mil..