Friday, 26 September 2014

Tuesday, 23 September 2014

Michael Kitces: The various dimensions of risk profiling

The traditional approach to evaluating risk tolerance - which has been enshrined into our standard regulatory process for determining the "suitability" of a recommendation - involves gauging a client's attitudes about risk, their financial capabilities to take risk (e.g., time horizon, need for income, and availability of other assets), and mixing them together into a composite score that can be assigned to a portfolio. A strong attitude and financial ability to take risk gets a high score and an aggressive portfolio, a poor attitude for risk and significant portfolio needs result in a conservative portfolio, and a mixture of the result leads to a moderate growth portfolio in the middle.

http://www.kitces.com/blog/separating-risk-tolerance-from-risk-capacity-just-because-you-can-afford-to-take-risk-doesnt-mean-you-should/

Friday, 5 September 2014

FT.com: US jobs growth disappoints

The pace of US jobs growth slowed to a disappointing 142,000 in August in a weak report that clashes with a wealth of other recent data on the world’s largest economy.

It breaks a six month run of jobs growth above 200,000 and came in well below analyst expectations of 230,000 new jobs. The unemployment rate fell slightly from 6.2 to 6.1 per cent.


http://www.ft.com/intl/cms/s/0/da607940-34fa-11e4-aa47-00144feabdc0.html?ftcamp=crm/email/2014?ftcamp=crm/email/201495/nbe/BreakingNews1/product_a2___a3__/nbe/BreakingNews1/product&siteedition=intl#axzz3CQ8TF77V

Here's Why Morgan Stanley Says S&P 500 May Near 3,000

Here's Why Morgan Stanley Says S&P 500 May Near 3,000

Now Is A Tough Time To Retire

Now Is A Tough Time To Retire

FT.com: ECB cuts interest rates

The European Central Bank has cut interest rates to a record low, in a fresh attempt to counter the threat of economic stagnation across the eurozone.

The governing council cut its benchmark main refinancing rate from 0.15 per cent to 0.05 per cent and said it would charge lenders 0.2 per cent, up from 0.1 per cent, for their deposits parked at the central bank.


http://www.ft.com/intl/cms/s/0/ce193ae0-341f-11e4-8832-00144feabdc0.html?siteedition=uk&ftcamp=crm/email/2014?ftcamp=crm/email/201494/nbe/BreakingNews1/product_a2___a3__/nbe/BreakingNews1/product#axzz3CQ8TF77V