-
“Consistently ranking in the top 10% of all kindle downloads worldwide!”
Available in Paperback - ($14.95)
and Kindle Edition ($7.69)
Keith Springer Financial Advisors
Welcome to the Springer Financial Advisors
Blog, where we provide commentary and insight
on today’s hottest financial topics. Whatever is happening in the market, we’ll help you read between the lines.
- 916 925-8900
- keith@keithspringer.com
Springer Financial Advisors ("Advisor") is a federally registered investment adviser located in Sacramento, California. Advisor and its representatives are in compliance with the current filing requirements imposed upon registered investment advisers by the Securities and Exchange Commission and the State of California. Advisor's web site and its emails of general distribution are limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Advisor's web site on the Internet or dissemination of informational emails should not be construed by any consumer and/or prospective client as Advisor's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. A copy of Advisor's current written disclosure statement discussing Advisor's business operations, services, and fees is available from Advisor upon written request.
You may also obtain publicly available information about Advisor through the SEC website as follows: http://www.adviserinfo.sec.gov/IAPD/Content/Search/iapd_OrgSearch.aspx. Advisor does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Advisor's web site or incorporated in an email, and takes no responsibility therefore. All such information is believed to be reliable and authoritative but does not constitute sufficient information to be the sole basis for sound investment decisions and all users thereof should be guided accordingly. Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Advisor) made reference to directly or indirectly by Advisor in its web site, email, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client's investment portfolio. Certain portions of Advisor's web site (i.e. articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Advisor's (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Advisor, or from any other investment professional. The information is of a general nature and should not be applied indiscriminately to particular situations wherein it may not be completely applicable. Advisor is neither an attorney nor an accountant, and no portion of the content should be interpreted as legal, accounting or tax advice.
Euro Cavalry to the Rescue!
Euro Cavalry to the Rescue!
Written by Keith Springer
June 29, 2012
The European Commission bails out the banks…
After much speculation, the stock market cheered as the 19th European Summit on the crisis in the Euro zone finally allowed bailout funds to be directed towards private banks and financial institutions. Why? Not because anyone believes that there is a solution in sight. No, they love the sound of those presses printing currency at their fullest capacity. Clearly, the world’s stock and commodities marketsremain addicted to continued stimuli.
The Reality
Any agreement to funnel more money to troubled European banks will continue to fuel a speculative fire in our land of bubbles. The agreement, which is broad in scope and light on details, outlines how the new European Stability Fund (ESM) can send money directly to banks under specific conditions, as countries have to allow their financial institutions to be overseen by a new regulatory body still in the theory stage. How much of this unrelenting removal of control of their nation’s currency and erosion of national sovereignty will the people accept? A lot right now, but I suspect a backlash down the road. It will be nonsensically interesting when Spanish, Italian or soon to be French banks stumble under this new Utopian structure. Will investors accept a resolution to be wiped out by a German-run European banking regulator? Ya right! You know the answer. Enjoy the euphoria while it last, it could be short-lived.
Investor Strategy
Nevertheless, all this cheap money could keep the market afloat for a while longer, rather for the upcoming months not years. Eventually the market will figure out that further stimulus through more debt hurts more than it helps, but until then stocks will rally on the promise. Longer term, the bull market is long in the tooth. We are in the 43rd month of this Bull, already well surpassing the 39 month average. Plus we are in the 4th year of a presidential cycle, which usually is the top, before the market heads down usually bottoming at the end of the 2nd year (2014), which could see a 20-40% correction/bear market. Investors should look to pare back risk as we get past the election.
There are plenty of ways to make money in this market and in the dangerous market ahead, but the key is to be tactical, not buy-and-hold, and to do it without all the risk. Managing money, especially your own, is a daunting task and that’s where we can help. Our “Invest for need, not for greed” approach combined with our hands-on proprietary Top-Down Tactical™ investment management strategy can help you manage risk and deliver returns. If you would like to learn more and/or get a free second opinion on your portfolio, simply reply to this email, click our Appointment Request Form or call for a no-cost no-obligation consultation today at (916) 925-8900.
About Keith Springer
Keith Springer is FOX40's Financial Analyst , author of "Facing Goliath: How to Triumph in the Dangerous Market Ahead", radio host of "Smart Money with Keith Springer" on 1530 KFBK, editor of "Smart Money Newsletter", a financial planner, a market technician, a financial writer, multinational philanthropist, founder of Top Down Tactical™ and President and founder of Springer Financial Advisors in Sacramento CA, an SEC Registered Investment Advisory Firm. He has developed a proprietary process for successfully building tax-efficient and retirement portfolios and has been providing specialty wealth management services for over 27 years. He can be reached at 916-925-8900 or Keith@KeithSpringer.com.