Voices is an occasional column that allows wealth managers to address issues of interest to the advisory community. Robert Laura is president of SYNERGOS Financial Group in Brighton, Mich. If you look at financial services ads that are targeted to people planning for retirement, you can easily get the impression that retirement is basically one long vacation.
Picking the best asset class during a given time period is difficult, especially for amateurs. After all, even professionals struggle to consistently predict the future. That's why many experts recommend that small investors take a broad approach to investing with asset allocation.
Who should be putting together your portfolio in 2015-a person, a machine or both? It used to be a straightforward job to get help making investments: People sought out financial advisers and weighed them based on the type of fees they charged and how much hand-holding they provided clients
Robert Laura, Synergos Financial Group president, likes Chevron due to its dividend stability.
Heading into 2015 I feel the most important component to a successful investing year is yield. My screening process for dividend stocks and retirement income (dividendpaycheck.org) suggests a growing number of companies and sectors of the economy are fully valued and ripe for the inevitable pullback so many people expect in 2015.
Oil's dramatic sell-off comes with good news and bad news. The bad news is that it has put global markets on edge and dampened overall gains for the year. The good news is that the price drop has put some quality, dividend paying companies on sale.
Can't a retiree get a break? It seems as if everywhere they turn they're faced with downright depressing interest rates. Be it with a bank CD, fixed annuity, bond, or even popular dividend funds, it's harder than ever to generate enough income to keep pace with inflation.