Search

12:00 Tuesday 12/8/20 Bullish ... 7 on a scale of <5 bearish, 5 neutral, and >5 bullish

Although economic data will slip over the next 4 months, the market is showing a strong tendency to ignore it. I would love to see a 4-6% sell off coming and act on it with precision. There are many things I’d like to buy a little cheaper.


The only things that I see right now that would cause a selloff would be: problems with the vaccines, an unexpectedly bad Christmas selling season (could happen), more significant quarantine post-Christmas gatherings, and two ideas that Ill reserve to myself. So a sell off may not occur. Too bad.


I’ll probably make some portfolio changes very soon to ditch a few slow movers in favor of what should turn out to be better, faster movers for what I see coming. The trick is to try to see what’s coming and get the jump on everyone else.


Last Friday was the first time since 2018 that each of the 4 primary stock indexes closed up for the day. So that’s saying something.


Wall Street reaction to the Slack / Salesforce combination was tepid and CRM is down. But the CEO is smart, and every professional investor who’s reasoning I trust, and find to be sound, thinks very highly of the deal. I think that this stock, which is being added to the S&P 500 may very well prove to be a great investment for the foreseeable 5 years ahead. Who doesn’t need a COST, AMZN or AAPL if available, powering their portfolio engine CRM is not a B to C company - we’re talking B to B - so that makes it a good portfolio diversifier. I think it’s not as well understood by the average investor. I think it’s a good opportunity.


75% of US CEOs do NOT expect there businesses to fully recover until sometime in 2022. Now, tell me what I (me) just said to you. Think about the business I’m in and where I would be coming from. I just told you that we may have a bullish market for the next 18 months. That’s what I told you, not in with my words, but with the survey words. Develop your highest level listening and thinking skills.


As a professional, I have to make those translations all the time, almost simultaneously to get the jump on everybody else and to stay ahead of the competition. The average IQ in Wall Street is 145. I’ve been told by those that should know, that mine has tested much higher several times. But I’m no egghead and I certainly don’t know it all. Trying to do my God given best.

14 views0 comments

Holman Wealth Management - The Defensive Advisor

Dallas, TX 75229 

RobertH@defensiveadvisor.com 

972-702-6032 

Last Edited: December 2020

 

Holman Wealth Management LLC is a registered investment adviser offering advisory services in the State of Texas. Registration does not imply a certain level of skill or training. The information shared on this page shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute.
 
The opinions voiced herein are for general information only and are not intended to provide specific advice or recommendations for any individual without complete knowledge of that individual’s total financial profile.  To determine what is appropriate for you, consult a qualified professional financial advisor.  While we provide general tax and legal information, please consult with a tax professional or attorney on tax and legal issues before proceeding on such information.  No investment strategy guarantees success or assures against occasional losses.

 

© 2020 by defensiveadvisor.com and Holman Wealth Management LLC.  Created with Wix.com.

 

CFA - Chartered Financial Analyst (or CFA®): The CFA charter is the gold standard for the investment industry. CFA charterholders enjoy a mark of the highest distinction in the investment management profession, a globally respected, graduate-level investment credential established in 1962 and awarded by CFA Institute — the largest global association of investment professionals. Passing the three six-hour cumulative CFA exams (Levels I, II, III) is a difficult feat that requires extensive study (successful CFA candidates report spending an average 3,000 hours of study to become a CFA). Earning the CFA charter demonstrates mastery of many of the advanced skills needed for investment analysis and decision making in today’s quickly evolving global financial industry.

 

To earn the CFA charter, candidates must master a broad-based curriculum of investment principles and commit to abide by, and annually reaffirm, their adherence to the CFA Institute Code of Ethics and Standards of Professional Conduct. The CFA Program curriculum provides a comprehensive framework of knowledge for investment decision making and is firmly grounded in the knowledge and skills used every day in the investment profession. The three levels of the CFA Program test a proficiency with a wide range of fundamental and advanced investment topics, including ethical and professional standards, fixed-income and equity analysis, alternative and derivative investments, economics, financial reporting standards, portfolio management, and wealth planning.

 

The CFA Institute Code of Ethics and Standards of Professional Conduct, enforced through an active professional conduct program, require CFA charter holders to:

  • Place their clients’ interests ahead of their own

  • Maintain independence and objectivity

  • Act with integrity

  • Maintain and improve their professional competence

  • Disclose conflicts of interest and legal matters

 

CFP® (CERTIFIED FINANCIAL PLANNER™): The CERTIFIED FINANCIAL PLANNER™, CFP® and federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc. (“CFP Board”). Individuals who become certified must complete 30 hours of continuing education every two years, and agree to be bound by ethics requirements, in order to maintain the right to continue to use the CFP® marks.

 

The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial planners to hold CFP® certification. To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following requirements:

  • Education – Complete an advanced college-level course of study addressing the financial planning subject areas that CFP Board’s studies have determined as necessary for the competent and professional delivery of financial planning services - including insurance and risk management, employee benefits, investments, income tax, retirement, and estate planning;

  • Examination – Pass the comprehensive CFP® Certification Examination - includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial planning issues and apply one’s knowledge of financial planning to real-world circumstances;

  • Experience – Complete at least three years of full-time financial planning-related experience (or the equivalent); and

  • Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of documents outlining the ethical and practice standards for CFP® professionals.

 

Proud member of XY Planning Network! Advisors displaying this badge have been accepted into XY Planning Network by vowing to adhere to strict fiduciary standards, and carry the CFP® designation. XY Planning Network is the leading financial planning platform for fee-for-service financial advisors who want to serve their Gen X and Gen Y peers by providing comprehensive financial planning services without commissions, product sales or asset minimums. 

  • Facebook Social Icon
  • Twitter Social Icon
  • LinkedIn Social Icon
  • XYPN Member Badge small