Financial Planners Article Library

LOUIS P. STANASOLOVICH

DIANE M. PEARSON

JAMES J. HOLTZMAN
 

PROFESSIONAL ACCOMPLISHMENTS:

Legend's financial advisory team has been selected a total of 15 times to Worth magazine's list of "The Top Wealth Advisors" in the country, seven times to Medical Economics magazine's list of "The 150 Best Financial Advisors for Doctors in America", twice to Mutual Funds magazine's list of "The 100 Great Financial Planners in America." 

LEGEND KEY BENEFITS

  1. Legend is compensated exclusively by client fees.
  2. Legend works in the clients’ best interests as a fiduciary.
  3. Legend’s Advisors have been selected over 30 times by national publications as "Best Advisors in the Country".
  4. Legend has a historical client retention rate averaging over 98%.
  5. Legend designs creative, customized and unbiased portfolios utilizing cutting-edge investment solutions.
Latest Articles
Contact Legend Financial
Follow link directly to the Legend Financial Advisors contact page.
The Survival Characteristics Of A Managed Futures Fund

The Arbitrage Corner

Just Who Is an Accredited Investor

The Alpha Hedged Strategies Fund

Is Staying Out of the Stock Market a Bad Idea?

Illiquid Real Estate Investments: Are They Worth It?

A Primer On Managed Futures

Key Definitions For Managed Futures Funds

Investable Hedge Fund Indexes

The New Roth 401(k) is Here

Risks of Managed Futures Investing

Differences between a Registered Investment Adviser and a Stockbroker

How Volatile Can the Stock Market Be?
How Expensive is the Stock Market?
  Interview with Robert Arnott
Correct Credit Reporting Errors
Know the Score 
Ways to Improve the Score

Applying for Credit: Check Your Credit Report First

Saving for College: Section 529 Update

Identity Theft Security Tips
Protect Your Credit
Don't Fall for That E-Mail!
Lower Volatility Investing
  The Risks of Managed Futures Investing
  Illiquid Real Estate Investments: Are They Worth It?
  A Primer On Managed Futures
  Key Definitions For Managed Futures Funds
  Investable Hedge Fund Indexes
  The Survival Characteristics Of A Managed Futures Fund
  The Arbitrage Corner
  Just Who Is an Accredited Investor
  The Alpha Hedged Strategies Fund
  Is Staying Out of the Stock Market a Bad Idea?
  Q & A with Robert Arnott
  REITS: A Great Diversification Investment
Commodities in Investment Portfolio 
  Hedge Funds - A Tale of Two Funds
What is Risk?
Bank Loan Funds - for Fixed Income
Conflict of Interest
  Differences between a Registered Investment Adviser and a Stockbroker
Market Overview
  Economic and Securities Market Overview 
Market Valuations
Retirement
  4 Steps to a More Secure Portfolio
Traditional Investing May Decrease Your Retirement Lifestyle
Tax Strategies
  The New Roth 401(k) is Here
Year End Tax Planning
Convert to a Roth IRA. 
401 (k) Plans
Is Your 401 (k) Plan a Failure
Pre-59˝ Distributions
Saving for College
Evaluating the Quality of a Company's Earnings
Wealth Management
How to Find A Great Financial Advisor
Uncertain Times
Depreciation Bonuses
Long Term Care 
Erisa Retirement Plan
Identity Theft Security Tips
  Identity Theft Security Tips
8 Specific Tips
Help is On the Way 
Documents: Shred or Store
Protect Your Credit
 
Don't Fall for That E-Mail!
Applying for Credit: Check Your Credit Report First
Correct Credit Reporting Errors

Know the Score
 
Ways to Improve the Score
Saving for College
Saving for College
Go to Advanced Search/Archive Symbol Lookup


Fee-Only Financial Planning at Legend Financial Advisors, Inc.®

Financial Planning Articles

One on One with Bill Gross

Legend: What are your expectations on the Fed Policy and its intent to tighten the money supply and control inflation in 2006? Some investors have forecast that interest rates will increase indefinitely, whereas others are expecting a slowdown in the Fed Policy.

Bill Gross: We think there might be one more hike left. I think the Fed's pointed to the housing market, and I think that housing is beginning to weaken. And soon, the Fed will recognize that and it will stop. But, you know, there's a chance that we might see 4.75 %. Some would suggest that there's a chance that we go to 5 %, 5.25% based upon higher inflation and a stronger economy. I just don't see that. I think Mr. Bernanke believes that the global savings glut, which is his phrase, has basically been responsible for the inability of long-term and intermediate rates to rise and to stay at these types of levels. In other words, he believes that the global economy, and certainly the U.S. economy, has more slack in it, has less investment fervor, and therefore, that rates for this level of economic growth belong at these levels. So, it's not a very bullish indicator as far as Bernanke is concerned.

Legend: We believe that a slowdown in the growth of domestic home prices in various regions across the country will occur. One of the major contributors to this slowdown going forward will be a decrease in the affordability of housing due to increasing interest rates and consumer debt levels being at their highest point in U.S. history. In your third quarter 2005 Investment Outlook newsletter you indicated that this is indeed the scenario our economy is in currently. Are there any other factors that you believe may or may not contribute to a slow down, or increase, for domestic home prices?

Bill Gross: I think you hit the two most important factors. You see, housing gains have contributed significantly to U.S. growth via wealth effects on consumers, cash-out refinancings, home equity loans, and job growth in real estate-related industries. Higher mortgage rates over recent months and continued pressure on real wages and incomes will crimp housing affordability in 2006, taking the froth out of the property market. The decline in housing affordability has already begun Complete interview with Bill Gross 

Q & A with Robert Arnott
Rob, would you describe for us your view of the big picture? What is going on out there?

Robert Arnott: Well, one of the key problems most investors face and many don’t realize they face it, is that the returns of the future are going to be a far cry from the returns of the past. First, basically anything you invest in produces return in the form of income; dividends for stocks and coupon returns for bonds. Secondly, real growth (after inflation) for stocks tends to be about 1%. For bonds of course, the nominal growth is zero, because they are fixed income. You can do that same analysis across a whole panoply of markets but most people have most of their money in stocks – primarily mainstream stocks, and bonds.
Read: Complete Interview with Robert Arnott

Market Overview
By LOUIS P. STANASOLOVICH
A secular bear market is characterized by below average stock market returns as characterized by the S&P 500 for a long time, typically ten to twenty years. On the other hand, a cyclical bear market typically lasts from a few months to a year. The duration of the last four cyclical bear markets was short. A cyclical bear lasted three months in 1987, four months in 1990, ten months in 1994, and two months in 1998. The current bear market has lasted longer than these four combined. Listed below are stock market returns during different types of markets as described by the secular (long-term) bear and bull markets.
Read Article

What is Risk
By LOUIS P. STANASOLOVICH

Chances are, the topic of investment risk was not a popular cocktail party discussion during the 1995 to early 2000 bull market. Investors basked in the glow of the returns of their Internet and Telecom funds and talked very little of the trivialities of standard deviation and volatility. However, as these funds, held so dear just a few short years ago, are shutting their doors, the topic of risk in the investment arena has once again been brought to the forefront. It is a topic not understood by many investors, and one that is absolutely essential to evaluating every investment opportunity that may arise.
Read Article

Medical Practices Receive Temporary Depreciation Bonuses
By JAMES J HOLTZMAN
With the enactment of the Job Creation and Workers Assistance Act of 2000, medical practices buying new property may now take a generous, upfront thirty-percent (30%) depreciation bonus. The offer is available only for a limited time, many states are not allowing the bonus, and some medical practices may come out better from a tax standpoint by not taking the offer at all
Read Article

How to Find a Financial Advisor?
When searching for a financial advisor, there are a number of steps to take in finding an advisor who will be great for your situation. First, make a list of the criteria you require in an advisor. The criteria can include: professional investment and financial planning experience, investment performance, compensation structure (Fee only is best. Watch out for Fee-based advisors. They earn commissions on products sold, but are trying to make themselves sound like Fee-only.), credentials, frequency of contact and willingness to develop a long-term fulfilling relationship for both parties. Furthermore, does your potential advisor have investment research capabilities and services such as The Bloomberg Professional Investment Research Service and Morningstar Principia Pro Plus and/or Morningstar Workstation to analyze individual equities and mutual funds respectively?
Read Article

Convert to a Roth IRA. 
With many individual retirement accounts decimated by the bear market, taxpayers may find this the perfect time to convert their traditional individual retirement accounts to a Roth IRA, whose eligible earnings are not taxable upon withdrawal. Because regular income taxes are paid on the money shifted to a Roth, the idea is to convert the smaller pool of assets into a Roth before the assets rebound in value.
Read Article


 
Illiquid Real Estate Investments: Are They Worth It?
A Primer On Managed Futures
Key Definitions For Managed Futures Funds
Investable Hedge Fund Indexes
The Survival Characteristics Of A Managed Futures Fund
The Arbitrage Corner
Just Who Is an Accredited Investor
The Alpha Hedged Strategies Fund
Is Staying Out of the Stock Market a Bad Idea?
A dollar decline: the good, the bad and the mediocre
How Interest Rates Affect Merger Arbitrage
REITS: an excellent portfolio diversifier, but should you invest in them?
Erisa Retirement Plan Law Spells Out Fiduciary Issues
Q & A with Robert Arnott
Identity Theft Security Tips
How to Find  A Great Financial Advisor
REITS: A Great Diversification Investment
What is Risk?
The Importance of Commodities in Investment Portfolio
Hedge Funds - A Tale of Two Funds
Bank Loan Funds - Great Investment for Fixed Income
4 Steps to a More Secure Portfolio for Your Retirement
Traditional Investing May Decrease Your Retirement Lifestyle
Market Valuations with Grantham and Stanasolovic
Economic and Securities Market Overview
Pre-59˝ Distributions
Section 529 Update
Saving for College
Evaluating Earnings
Is Your 401(k) Plan a Failure
Should You Abandon the Stock Market
Long Term Care Insurance & Tax Issues
Uncertain Times - Risk and Diversification
Businesses Receive Temporary Depreciation Bonuses 
Medical Practices Receive Temporary Depreciation Bonuses
Succession Planning: Developing A Plan for Your Business
RETIREMENT

SAVING FOR COLLEGE

MUTUAL FUNDS

LOWER VOLATILITY INVESTING

FEE ONLY FINANCIAL ADVISORS

ESTATE PLANNING

BUSINESS PLANNING




TAX STRATEGIES

401(k) PLANS

BUSINESS PLANS

MARKET OVERVIEW

INSURANCE

MEDICAL PRACTICE PLANNING

WEALTH MANAGEMENT

IDENTITY THEFT SECURITY TIPS

 

Copyright © 2004-2006 Pittsburgh Financial Planners 600 Grant Street Pittsburgh PA 15219 Tele: 412-635-9210