Archive for 'Financial Services'

Payday Loans Go Hi Tech With Online Service

A shop window advertising payday loans.

Payday Loans (Photo credit: Wikipedia)

PaydayLoansOnline.net launches a brand new “100% online” service, available for free on the website. As a response to growing demand in the personal finance sphere for instant payday loan access, the organization has created a way for US, UK and Canadian residents to apply for short term loans on the internet, without visiting an office or sending a fax.

The new 100% online service allows effective pinpointing of suitable lenders in the applicants’ home vicinity. Money can be borrowed from local lenders for a few weeks at a time and is paid directly into a bank account, and repaid via the same easy way on the borrower’s next pay day.

The PaydayLoansOnline system is powered by a short and direct application form that fields customer details straight to the most appropriate lenders. Bad credit is no obstacle as the service is equally available to individuals with poor, good or no credit.

A spokesperson for PaydayLoansOnline.net made the announcement.

“PaydayLoansOnline.net is pleased to launch its new 100% online service for finding fast cash loans. With the holidays approaching, many people need to pull in extra shifts at work to cover their outgoings and still can’t make the month despite their best efforts. Missing precious hours of work to visit storefront payday lenders means lost earnings and oftentimes, wasted journeys where they are not approved.”

The spokesperson continued, “The beauty of our online payday loans finding service is that we are partnered with lenders who operate 24 hours a day online, making it a very convenient option that can be used from all computers. In addition to this, the lenders are all specialists in the bad credit sector, making them more likely to approve loans regardless of an individual’s perceived financial difficulty.”

The service is comprised of some notable components. Namely, that the credit scores of applicants are never revealed throughout the application and matching process, as neither PaydayLoansOnline nor its network of affiliated lenders use or report to credit reference agencies.

The online application form takes less than 2 minutes to complete and is confidential. It is possible for an applicant to receive instant approval online or continue searching without commitment until finding the best loan that suits them.

To apply, click on:  http://www.paydayloansonline.net

Contact:
Sam Malka
admin@paydayloansonline.net
7863199951

Web Site: http://www.paydayloansonline.net

Stock Market Optimisim Dips Again

 Investors’ confidence dipped somewhat again in the third quarter of 2012, according to the John Hancock Investor Sentiment Index®, released today by John Hancock Financial Services.  Investor sentiment declined by two points to +17 in the third quarter compared with a score of +19 in the second quarter of this year. The shift was driven by a drop in positive attitudes toward investing in bonds partially offset by very small upticks in stocks and real estate.

It was the second consecutive two-point drop quarter to quarter for the Index, which also declined from +21 in Q1 2012 to +19 in Q2 2012.  Still, the Index remains above the +15 score in the fourth quarter of 2011, and well above its low of +10 in the third quarter of 2011.

The John Hancock Investor Sentiment Index® is a quarterly measure of investors’ views on a range of investment choices, life goals, and economic outlook, as well as their confidence in these areas.  The John Hancock Investor Sentiment Index® is derived from a quarterly poll of approximately 1,000 investors, and reflects the percentage of those who say they believe it is a “good” or “very good” time to invest, minus those who feel the opposite. The third quarter survey was conducted from mid-to late August of 2012.

Investors’ views on most types of investments remained largely unchanged in the third quarter of 2012 compared with the year’s second quarter. Forty-nine percent of investors in the third quarter said it was a good time to invest in stocks compared to 48 percent in the second quarter. Nearly 25 percent thought it was a good time to invest in bonds (24 percent), down slightly from 27 percent in Q2.

However, several measures have changed significantly compared with levels of one year ago. Investors were more bullish on stocks in Q3 of this year, with 49 percent saying it was a good time to invest in them, which is up from 41 percent in the third quarter of 2011. Fifty-one percent of investors had positive views of balanced mutual funds in Q3 of 2012, which also is up significantly from 42 percent in Q2 of last year.

Optimism seems to be rising in certain areas. Positive attitudes are increasing toward retirement products, with 73 percent saying it is a good time to contribute to 401(k) plans or IRAs, whereas in the third quarter of last year that number for IRAs was 67 percent and 66 percent for 401(k) plans.  While healthcare costs remain a major worry for investors, the share of investors ranking it highest as a concern (56 percent) is down significantly from 64 percent in the second quarter of 2012.

However not all themes are positive.  Optimism about stock market growth has waned.  Significantly fewer investors now think the Dow will close above 13,000 in June of 2013 (67 percent), compared with 74 percent in the second quarter of 2012 who thought the market would reach that level. And compared with the second quarter of this year, more people are worried about being able to save enough for retirement (33 percent in Q3 of this year versus 27 percent who were worried in Q2).

“Investors are showing consistency in their attitudes toward many investment products, and seem to be saying there isn’t much on the horizon that would cause them to change their views,” said Bill Cheney, John Hancock’s Chief Economist.  “We are continuing to see positive trends, for example with investors remaining committed to investing in retirement plans such as 401(k)s and IRAs. Nine in ten investors (88 percent) are confident in their ability to maintain a financially secure retirement. And 94 percent of those we surveyed describe themselves as long-term investors.”

Among the findings for Q3 2012:

  • Investors predicted that blue chip stocks will perform best over the next six months. Twenty-four percent said this, up sharply from 17 percent who thought so in the third quarter of 2011. Small caps have the best outlook according to 13 percent of investors, whereas seven percent thought so a year ago.
  • Of the major issues facing the US, investors’ chief concern continued to be the level of the national debt (62 percent), which replaced healthcare costs as the top concern
  • Nearly four in ten investors (36 percent) predicted that the inflation rate will be four percent or higher two years from now, while just 21 percent thought inflation will run at less than three percent.
  • Saving for retirement remained investors’ biggest financial priority (34 percent said this).  As a top priority, paying down debt has dropped in importance, with nine percent saying it is most important to them compared with 14 percent who said so in Q3 of last year.

About the John Hancock Investor Sentiment Survey
John Hancock’s Investor Sentiment Survey is a quarterly poll of investors.  The survey measures investors’ feelings about the current economic climate and their evaluations of what represents a good or bad investment given the current environment.  The poll also asks consumers about their confidence in reaching key financial goals and likelihood of purchasing financial products and services.

This online survey was conducted by independent research firm Mathew Greenwald & Associates.  A total of 1,027 investors were surveyed August 13 th  to August 24 th  2012. Respondents were selected from among members of Research Now’s online research panel.  To qualify, respondents were required to participate at least to some extent in their household’s financial decision-making process, have a household income of at least $75,000, and assets of $100,000.

The data were weighted by age and education to reflect the population of Americans matching the survey’s qualification requirements. In a similarly-sized random sample survey, the margin of error would be plus or minus 3.12 percentage points at the 95 percent confidence level.  Due to rounding and missing categories, numbers presented may not always total to 100 percent.

About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, John Hancock celebrates 150 years of serving clients across the United States, while Manulife celebrates its 125th anniversary. Operating as Manulife Financial in Canada and in most of Asia, and primarily as John Hancock in the United States, Manulife Financial Corporation offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were C$514 billion (US$504 billion) as at June 30, 2012. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at manulife.com.

The John Hancock unit, through its insurance companies, comprises one of the largest life insurers in the United States. John Hancock offers a broad range of financial products and services, including life insurance, annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance. Additional information about John Hancock may be found at johnhancock.com .

CONTACT: Beth McGoldrick, +1-617-663-4751, bmcgoldrick@jhancock.com

Web Site: http://www.jhancock.com

Zacks Latest List of Top Stocks to Buy

Zacks Latest List of Top Stocks to Buy

Zacks Latest List of Top Stocks to Buy-Image via Wikipedia

Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Greatbatch, Inc. (NYSE: GB), B&G Foods, Inc. (NYSE: BGS), Healthstream, Inc. (Nasdaq: HSTM) and Corn Products International (NYSE: CPO).

Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88

From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.

Here is a summary of today’s selected stocks that are now highly rated by Zacks:          

Aggressive Growth – Greatbatch, Inc. (NYSE: GB)

Earnings season is in full swing so let’s take a look at one of the recent surprises. Greatbatch, Inc. came in ahead of expectations, but how are analysts reacting to this Zacks #1 Rank (Strong Buy).

Zacks Guide to Aggressive Growth Investing (free!) – http://at.zacks.com/?id=4309

Growth & Income – B&G Foods, Inc. (NYSE: BGS)

Estimates have been rising for B&G Foods, Inc. after the company delivered solid third quarter results. It is a Zacks #1 Rank (Strong Buy) stock.

Zacks Guide to Growth & Income Investing (free!) – http://at.zacks.com/?id=4310

Momentum – Healthstream, Inc. (Nasdaq: HSTM)

Healthstream, Inc. is trading in a class of its own, recently hitting a new 52-week high on another great quarter. With an average earnings surprise of 42% over the last four quarters and a bullish growth projection, this Zacks #1 Rank stock offers a healthy stream of momentum.

Zacks Guide to Momentum Investing (free!):  http://at.zacks.com/?id=4311

Value – Corn Products International (NYSE: CPO)

Looking for a food play? Corn Products International is expected to grow earnings by the double digits for the second year in a row in 2011 despite challenging macroeconomic conditions. Sales rose 60% in the third quarter. This Zacks #1 Rank (strong buy) is also a value, with a forward P/E of just 10.3.

Zacks Guide to Value Investing (free!) –  http://at.zacks.com/?id=4312

How to Regularly Access Top Zacks Rank Picks for Free – http://at.zacks.com/?id=7154

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that “earnings estimate revisions are the most powerful force impacting stock prices.”  Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Web Site: http://www.zacks.com

Large Las Vegas Land Site Up for Bankruptcy Auction

Large Las Vegas Land Site Up for Bankruptcy Auction

Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that the company has been engaged by a group of five banks to promote the auction of 1,340 acres of undeveloped land known as Park Highlands in North Las Vegas.  Together, the banks hold a 48 percent interest in the $178.9 million defaulted loan on the property, which is being sold under Bankruptcy Section 363.

Curt Allsop, senior associate, Investment Services, Land Group, will lead the assignment in conjunction with Doug Schuster, senior vice president, Investment Services, Multi Housing Group, and Vittal Ram, associate, Investment Services.  The listing was a referral from Andrew Phillips, senior associate, Financial Services Asset Management.  The team will promote the auction on behalf of Bryan Cave LLP, a leading global business and litigation firm representing the five banks.

With no initial bids permitted, the live absolute auction will be held Dec. 12.  The land sale is expected to be one of the largest in Nevada since the property was first sold in 2005.

“This undeveloped property is the only parcel of land of its size available for purchase in Greater Las Vegas and the outcome of this auction will have a significant impact on the future growth of the region,” said Allsop.

The land is zoned for residential, retail, resort, business and office use.  Land sales in Greater Las Vegas during the past 12 months for parcels 30 acres and larger have sold for a median price of $98,000 per acre and a high of $167,000 per acre.  Statistics show the largest sale was 141 acres, which closed in June.

About Grubb & Ellis Company

Grubb & Ellis Company (NYSE: GBE) is one of the largest and most respected commercial real estate services and investment companies in the world. Our 5,200 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm’s transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment management business, the company is a leading sponsor of real estate investment programs.   For more information, visit www.grubb-ellis.com.

CONTACT: Julia McCartney, +1-714-975-2230, julia.mccartney@grubb-ellis.com, or Damon Elder, +1-714-975-2659, damon.elder@grubb-ellis.com

Web Site: http://www.grubb-ellis.com

Life Insurance Guide Short Course

Life Quotes, Inc. has compiled a list of the top 5 scariest things about life insurance, calling attention to the importance of going over your life insurance policy with a trusted insurance agent no less than once a year to make sure that the policy you own is keeping up with the changes in your life. If you should die, the only way to truly protect your loved ones from financial peril is with life insurance. But before you sign the dotted line, or pay another renewal bill, make sure you have a thorough understanding of how your policy works.

The following is a short list of some of the most frightening and often overlooked features of a life insurance policy:

TERM LIFE (TL)
Term life insurance doesn’t age gracefully

Term life may be the least expensive life insurance policy you can purchase, but it is only in-force for a designated term, typically 10, 15, 20 or 25 years. And if you have to renew a term life policy under the guaranteed renewal clause—look out!  The cost of built-in, no-exam renewal feature can often be five or ten times the cost of the premium you have been paying.  And then, most renew on an annual basis in which the premiums rapidly escalate even further into the stratosphere each year thereafter. To avoid this problem, consider buying a longer initial rate guarantee at the outset.  Many companies now offer 30-year term, level term to age 65 and even level term for life, in which you’d never be subject to a price increase.

WHOLE LIFE (WL)
Creeping death of your cash value

“If you are only looking at immediate, short-term goals, you don’t want to invest in a whole life insurance policy because the surrender charges in the early years would dramatically reduce the cash value and you may find that you paid far more for the policy in premiums than what it’s worth,” said Michelle Matlock, editor of Life Quotes, Inc.

Consider buying whole life only if you want coverage for the very long haul and have no intentions of canceling in the early years.

VARIABLE (VL), UNIVERSAL (UL), and VARIABLE UNIVERSAL LIFE (VUL)
These policies assume investment risks that can murder your overall value

If you are being pitched on a variable or universal life insurance policy that is being sold as “self-sustaining,” watch out because long-term, non-guaranteed projections with life insurance can be very misleading. Not only might it take 10 or more years to build up enough cash value to cover future premiums, but also inherent in those projections is an assumed interest rate that can be wildly off over a long period of time. When interest rates are projected to be high, the cash value grows at an alluring, faster rate, but when interest rates are low, cash values grow very slowly. To avoid trouble, always ask the selling agent to show you and explain the “guaranteed” values columns in the illustration, as they will show a true, worst-case scenario.  

A variable universal life insurance policy is far more risky. The policy is dependent on how well the investments tied to the cash value perform in the stock market. If the stock market goes south along with your investments, this will greatly impact your cash value and the security of your death benefit. There are several upfront charges on a VUL that make it very pricey coming out of the gate. In addition to this, these policies can have astronomically high surrender charges if you decide to partially or fully surrender the policy in the first 10 years.

For a full list of “Top 5 Scariest Things About Life Insurance” go to http://www.lifequotes.com/articles/lifeinsurance/the-top-5-scariest-things-about-life-insurance/

About Life Quotes, Inc.

Originally founded in 1984, Life Quotes, Inc. owns and operates a comprehensive consumer information service and companion insurance brokerage service that caters to the needs of self-directed insurance shoppers.  Visitors to the Company’s website, www.lifequotes.com, are able to obtain instant car, life, health, home and business insurance quotes, and have the freedom to buy online or by phone from any company shown.  Life Quotes, Inc. generates revenues from receipt of industry-standard commissions, including back-end bonus commissions and volume-based contingent bonus commissions that are paid by participating insurance companies. We also generate revenues from the sale of website traffic and insurance leads to various third parties.

CONTACT: Michelle Matlock, Editor, +1-630-515-0170, ext. 335, editor@lifequotes.com

Web Site: http://www.lifequotes.com

Main Street Capital Corporation (NYSE: MAIN) (“Main Street”) announced today that the underwriters of its recent follow-on public offering have fully exercised their over-allotment option and expect to purchase 450,000 additional shares of common stock at the offering price of $17.50 per share. The underwriters of Main Street’s offering elected to exercise the full amount of the over-allotment option prior to the expiration of the 30-day option period. The net proceeds from the exercise of the over-allotment option will be approximately $7.5 million, after deducting the applicable underwriting discounts. Including the net proceeds from exercise of the over-allotment option, the total net proceeds from Main Street’s offering, after deducting the applicable underwriting discounts and estimated expenses payable by Main Street, will amount to approximately $57.5 million. The closing of the over-allotment option is subject to customary closing conditions and is expected to occur on October 28, 2011.

Main Street intends to use all of the net proceeds from this offering to make portfolio investments in accordance with its investment objective and strategies, to make investments in marketable securities and idle funds investments, which may include investments in secured intermediate term bank debt, rated debt securities and other income producing investments, to repay outstanding debt borrowed under its $155 million credit facility, to pay operating expenses and other cash obligations, and for general corporate purposes.

The underwriters of this offering were Morgan Keegan & Company, Inc., BB&T Capital Markets, a division of Scott & Stringfellow, LLC, Robert W. Baird & Co. Incorporated, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., Sanders Morris Harris Inc., D.A. Davidson & Co. and Wunderlich Securities, Inc. The shares are being sold pursuant to an effective shelf registration statement on Form N-2 that has been filed with, and has been declared effective by, the U.S. Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares referred to in this press release.

ABOUT MAIN STREET CAPITAL CORPORATION

Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies. Main Street’s lower middle market investments are made to support management buyouts, recapitalizations, growth financings and acquisitions of companies that operate in diverse industry sectors and generally have annual revenues ranging from $10 million to $100 million.  Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides “one stop” financing alternatives within its lower middle market portfolio. Main Street also maintains a portfolio of privately placed, interest-bearing debt investments in middle market businesses that are generally larger in size than its lower middle market portfolio companies.

FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements which are based upon Main Street management’s current expectations and are inherently uncertain. Any such statements other than statements of historical fact are likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under Main Street’s control, and that Main Street may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual performance and results could vary materially from these estimates and projections of the future. Such statements speak only as of the time when made and are based on information available to Main Street as of the date hereof and are qualified in their entirety by this cautionary statement. Main Street assumes no obligation to revise or update any such statement now or in the future.

Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CFO and Senior Managing Director
dhyzak@mainstcapital.com
713-350-6000

Dennard Rupp Gray & Lascar, LLC
Ken Dennard  |  ksdennard@drg-l.com
Ben Burnham |  bburnham@drg-l.com
713-529-6600

Web Site: http://www.mainstcapital.com

Top Mortgage Brokers Reveal their Secrets

A survey of some of the highest-volume loan originators provides valuable insight into the practices and services used by this elite group. The report addresses marketing, technology and mortgage compliance.

Conducted in July 2011, the 2011 Loan Originator Survey from MortgageDaily.com indicates that mega-producers are maintaining elevated originations despite increased regulatory burdens.

The report was based on a survey of 80 respondents who fall within the top 1 percent of all U.S. originators. Originators who are “the best of the best” were asked more than 50 questions.

Three quarters of this group make at least $250,000 a year.

The co-sponsors of the report include EZ Rate Quotes LLC, Mortech Inc., Mortgage Information Services Inc., Motivity Solutions Inc. and Mortgage VCO.

Most of the respondents were male, and three quarters were between the ages of 36 and 55.

Taking care of existing referral sources was considered very effective by a majority of the respondents. Almost all of the participants indicated that customer satisfaction is “very important.”

The originators also commented on marketing efforts through other channels and had some surprising responses to questions about the use of social media and mortgage leads.

The report also examines the use of smart phones and tablet devices such as the iPad.

The “best of the best” commented on how they select service providers. They identified which providers they use for loan origination systems and pricing engines.

Mortgage brokers and originators who use wholesalers or correspondent lenders listed their top-three third-party lenders. There was a trio of indirect lenders that dominated these rankings.

The loan officers are highly concerned with the growth of mortgage regulations, though the group has managed to succeed despite stiffer compliance requirements and more cumbersome loan processing.

The report discusses how this successful segment of the mortgage sales workforce complies with requirements for the appraisal ordering process. Also covered are automated valuation models.

The report will help sales managers develop a better sales force, while loan originators can learn from the best. Service providers can use the study to learn about what makes these super-producing loan originators tick.

The 2001 Loan Officer Survey is available at:

http://www.mortgagedaily.com/LoanOriginatorSurvey2011.asp

About MortgageDaily.com

Founded in 1998, MortgageDaily.com is a dominant online source of mortgage news and mortgage statistics for the mortgage industry

CONTACT:
Holly Himelright
NewsAlert@MortgageDaily.com

Top Financial Planners List Released by Barrons

CFP Board of Standards is proud to announce that 46 CFP® professionals were named in “Barron’s List of Top 100 Independent Wealth Advisors of 2011.”

“I want to extend my sincere congratulations to the 46 CERTIFIED FINANCIAL PLANNER professionals named to Barron’s Top 100 Independent Wealth Advisors of 2011,” said CEO of CFP Board Kevin Keller, noting that Robert Glovsky, CFP® – a former Chair of CFP Board’s Board of Directors – appears again on this esteemed list.  “This is a great honor that highlights their dedication to clients, their individual practices and to the financial planning profession.”

Barron’s generates this list based upon the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors’ practices.

For Barron’s full list, visit http://online.barrons.com/report/top-financial-advisors/independent.

“It is rewarding to see CFP® professionals take their practices above and beyond what is expected of them,” said current Board Chair Charles Moran, CFP®. “As CFP® professionals, we are held to high standards of practice and ethics by CFP Board. Barron’s recognition of these dedicated CFP® professionals reflects well on the standards of excellence that more than 63,000 CFP® professionals maintain on a daily basis.”

Name Practice Name Location
Robert A. Clarfeld, CFP® Clarfeld Financial Advisors, Inc. Tarrytown, New York
Ron Carson, CFP® Carson Wealth Management Group Omaha, Nebraska
Peter Mallouk, CFP® Creative Planning, Inc. Leawood, Kansas
Debra Wetherby, CFP® Wetherby Asset Management San Francisco, California
Jon Waldron, CFP® Waldron Wealth Management Bridgeville, Pennsylvania
Tom Tracy, CFP® Aspiriant San Francisco, California
Brian Holmes, CFP® Signature Estate & Investment Advisors, LLC Los Angeles, California
Steven Weinstein, CFP® Altair Advisers LLC Chicago, Illinois
John Lesser, CFP® Plante Moran Financial Advisors Auburn Hills, Michigan
Michael Yoshikami, CFP® YCMNET Advisors Walnut Creek, California
Andy Berg, CFP® Homrich & Berg Inc Atlanta, Georgia
Timothy Grimes, CFP® Grimes & Company, Inc. Westborough, Massachusetts
Dale Yahnke, CFP® Dowling & Yahnke, LLC San Diego, California
Charles Zhang, CFP® Zhang Financial Portage, Michigan
Susan Kaplan, CFP® Kaplan Financial Services Newton, Massachusetts
Grant Rawdin, CFP® Wescott Financial Advisory Group LLC Philadelphia, Pennsylvania
Christopher Cordaro, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott Tiras, CFP® Ameriprise Financial Services Houston, Texas
Mark Dixon, CFP® Plante Moran Financial Advisors Southfield, Michigan
Thomas Myers, CFP® Brownson, Rehmus & Foxworth, Inc. Menlo Park, California
David Bugen, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott T. Henson, CFP® Hanson McClain Advisors Sacramento, California
Brent Brodeski, CFP® Savant Capital Management, Inc Rockford, Illinois
Gregg Fisher, CFP® Gerstein Fisher & Associates Inc New York, New York
Andrew McMorrow, CFP® Ballentine Partners, LLC Waltham, Massachusetts
Thomas B. Gau, CFP® Retirement Planning Specialists, Inc. Ashland, Oregon
Charles Brighton, CFP® Brighton Jones, LLC Seattle, Washington
Stephan Cassaday, CFP® Cassaday & Company Inc McLean, Virginia
Joel Isaacson, CFP® Joel Isaacson & Co., LLC New York, New York
Claudia Shilo, CFP® Ballentine Partners, LLC Wolfeboro, New Hampshire
Greg Sullivan, CFP® Harris SBSB McLean, Virginia
Jeffrey Lancaster, CFP® Bingham Osborn & Scarborough LLC San Francisco, California
Kevin Myeroff, CFP® NCA Financial Planners Mayfield Heights, Ohio
Don DeWaay, CFP® DeWaay Capital Management Clive, Iowa
Frederick Paulman, CFP® RMB Capital Management Chicago, Illinois
John Adams Vaccaro, CFP® Westport Resources Management Westport, Connecticut
Gerard Klingman, CFP® Klingman and Associates, LLC New York, New York
Malcolm Makin, CFP® Professional Planning Group Westerly, Rhode Island
Charles Thoele, CFP® Robertson Griege & Thoele Dallas, Texas
Michael Chasnoff, CFP® Truepoint Inc. Cincinnati, Ohio
Randall Linde, CFP® Ameriprise Financial Services, Inc. Renton, Washington
Ronald Weiner, CFP® Retirement Design & Management, Inc. Westport, Connecticut
Robert Glovsky, CFP® Mintz Levin Financial Advisors Boston, Massachusetts
Lewis Altfest, CFP® L.J. Altfest & Company Inc. New York, New York
Robert Fragasso, CFP® Fragasso Financial Advisors Pittsburgh, Pennsylvania
Rick Van Benschoten, CFP® Lenox Advisors Inc New York, New York

ABOUT CFP BOARD
The mission of Certified Financial Planner Board of Standards (CFP Board) is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.  CFP Board currently authorizes more than 63,000 individuals to use these marks in the U.S.  For more information about CFP Board, visit www.CFP.net or call 800-487-1497.

CONTACT: Dan Drummond, Director of Public Relations, +1-202-379-2252, M: +1-202-550-4372, ddrummond@cfpboard.org Twitter: @cfpboardmedia

Web Site: http://www.cfp.net

Precious Metals Take a Dive in September

Precious Metals Take a Dive in September

Precious Metals Take a Dive in September-Image by digitalmoneyworld via Flickr

Nelson Louie, Global Head of Commodities in Credit Suisse’s Asset Management division, said, “Investor and consumer sentiment has continued to deteriorate and this may further impact the rate of economic growth.  However, fundamentals for certain commodities remain positive.  Prices will continue to be sensitive to exogenous shocks (i.e. labor unrest, geo-political risk, weather related disruptions) in the face of tightening global supplies and higher demand over the last several years.  While investors have been increasingly focused on a possible sharp China slowdown this year, the main source of volatility in commodities demand over the coming months may be derived from European economies rather than from China.”

Christopher Burton, Senior Portfolio Manager for the Credit Suisse Total Commodity Return Strategy, added, “Overall, fiscal and monetary policies in the US and Europe are expected to remain accommodative.  In addition, the amount of easing and the length of the stimulus period are likely to increase as policy makers continue their debate.  Such measures will most likely increase the odds of greater-than-expected inflation over time.  The reconciliation of these issues can impact traditional asset classes and commodities in different ways.  We believe investors will continue to benefit from the long term diversification benefits that commodities provide.”

The Dow Jones-UBS Commodity Index Total Return was down by 14.73% in September.  Overall, 17 out of 19 index constituents decreased in value.  Industrial Metals was the worst performing sector, given the sector’s high correlation with global growth, ending the month down 20.06%.  Signs continued to suggest growth would slow in the developed world while worries over the sustainability of China’s growth intensified.  Chinese and European Purchasing Managers Index (“PMI”) readings came in weaker than expected.  However, Chinese trade data has continued to hold up thus far.  Refined Copper imports continued their recovery from April’s lows; Aluminum imports rose sharply, turning China once more into a net importer; and Zinc imports climbed strongly month-on-month.  Agriculture ended the month lower, losing 18.97%, as grains led the complex lower on improved weather conditions and better-than-expected inventories.  Precious Metals also ended the month lower, losing 15.61%, led by Silver. The flight to US Treasuries and demand for US dollars towards the end of the month resulted in Gold being liquidated alongside other assets.  The Energy sector posted a loss of 11.23%, with all components trading lower.  While global Crude Oil demand growth has slowed from the high base of last year, fundamental data releases remain broadly supportive for the crude complex and demand remains healthy versus historical standards.  Livestock was the strongest sector, gaining 7.65% for September due to continued strong export demand and falling grain prices.

The Credit Suisse Total Commodity Return Strategy group periodically produces updates on relevant industry topics. For a copy of the team’s white paper, “Commodities Outlook: Increased Volatility, Increase Opportunity?“, please email csam.commodities@credit-suisse.com.

About the Credit Suisse Total Commodity Return Strategy

Credit Suisse’s Total Commodity Return Strategy has been managed for 17 years and seeks to outperform the return of a commodities index, such as the Dow Jones–UBS Commodity Index Total Return or the S&P GSCI Total Return Index, using both a quantitative and qualitative commodity research process. Commodity index total returns are achieved through:

  • Spot Return: price return on specified commodity futures contracts;
  • Roll Yield: impact due to migration of futures positions from near to far contracts; and
  • Collateral Yield: return earned on collateral for the futures.

As of September 30, 2011 the team managed approximately USD 10.1 billion in assets globally.

An investment in commodities is not a complete investment program and should represent only a portion of an investor’s portfolio management strategy.  Investment in commodity markets may not be suitable for all investors. Commodity markets are highly volatile and the risk of loss in commodities and commodity-linked investments can be substantial.

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Certain risks relating to investing in Commodities and Commodity-Linked Investments:   Exposure to commodity markets should only form a small part of a diversified portfolio. Investment in commodity markets may not be suitable for all investors. Commodity investments will be affected by changes in overall market movements, commodity volatility, exchange-rate movements, changes in interest rates, and factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments. Commodity markets are highly volatile. The risk of loss in commodities and commodity-linked investments can be substantial. There is generally a high degree of leverage in commodity investing that can significantly magnify losses. Gains or losses from speculative derivative positions may be much greater than the derivative’s original cost. An investment in commodities is not a complete investment program and should represent only a portion of an investor’s portfolio management strategy.

Copyright © 2011, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

CONTACT: Katherine Herring, Corporate Communications, +1-212-325-7545, katherine.herring@credit-suisse.com

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