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Monetary Moves In Japan Are A Game Changer, Blumenthal Tells IBD
“It’s a game changer,” Steve Blumenthal, CEO of CMG Capital Management Group, told Investor’s Businsess Daily in the story Three Best Reasons To Invest In The Currency-Hedging ETFs.
Blumenthal was referring to Friday’s news that the Bank of Japan is massively scaling up its bond-buying program. Both the nation’s central bank and its state pension fund also plan to buy domestic and foreign stocks.
How Do You Talk to Clients About a Portfolio That Doesn’t Perform vs. a Common Benchmark
It’s a thorny issue all advisors face. What to say to the client when the portfolio, and investment plan you agreed on, doesn’t surpass or match a broad benchmark like the Dow or S&P 500? Steve Blumenthal, CEO of CMG Capital Management Group, writes in the Wall Street Journal Wealth Adviser (subscription required) about this delicate topic, and how to use the opportunity to educate clients about long-term investment strategy. Writes Steve:
Steve On Tactical Investing for Advisors: theStreet
Tactical investing is about planning to accomplish a purpose, says Steve Blumenthal, CEO of CMG Capital Management Group during a recent interview on theStreet.
“We speak and work with hundreds of financial advisors,” Steve tells Gregg Greenberg in theStreet’s Wall Street studio. He explains CMG’s tactical investing strategies, and the framework of the CMG Global Equity Fund (GEFAX). You certainly want to have long equity exposure, but you want to hedge in these uncertain times, says Steve. “Japanese Yen still a clear short,” Steve says, and he mentions a Pro Shares ETF that can used to accomplish that strategy.
Click here to take a look at the full clip from Steve’s conversation with Gregg Greenberg of theStreet.com. See more CMG Capital Management Group News.
Don’t Trust 60/40 Portfolio, Blumenthal on theStreet
Steve Blumenthal, CEO of CMG Capital Management Group, talked to Gregg Greenberg at theStreet in New York yesterday (video below). The market is overvalued by 20% after last year’s rally and bond yields remain at record lows, so the traditional 60/40 stock/bond split is not optimal, says Blumenthal, portfolio manager for the CMG Global Equity Fund. Blumenthal says a better way to allocate assets is 33% in stocks, 33% bonds and the final 34% in a tactical trading portfolio. His most recent tactical trades are going long the SPY and TLT exchange traded funds, as well as the Pro Shares Ultra Short Yen ETF.
The Role of Gold in a Portfolio According to Graves
John Graves is the founder of The Renaissance Group, independent financial planners and Registered Investment Advisors in Ventura, CA. He is also the author of The 7% Solution: You Can Afford a Comfortable Retirement.
Appearing on the New York Markets Live show, Graves explains how he believes gold should comprise 5-8% of a typical portfolio. Because “nobody can predict the future…and if there is a catastrophic event and the stock market dives gold will go through the roof. Gold is the ultimate portfolio insurance tool. I don’t know if things will be wonderful or horrible. If things go horrible I know that gold will increase significantly in value.”
Short Yen Top ETF Pick for Blumenthal in 2014
Stephen Blumenthal, CEO of CMG Capital Management Group, picked YCS as the ETF that has the best prospect to outperform in 2014. See the full story in Investor’s Business Daily: Best ETFs For 2014: 9 Picks From 9 Strategists.
Japan is one of the most heavily indebted developed countries on the planet. Its total debt to gross domestic product is over 500%, compared with the U.S.’s 365%. Japanese gross sovereign debt is around 240% of GDP — numbers that are substantially higher than most of the developed countries. They are borrowing to finance over 50% of their government spending. Japan’s public debt breached 1 quadrillion yen this past summer.
Blumenthal on the Fed and Tactical Investing
Steve Blumenthal, CMG Capital Management Group CEO, joined Markets Hub at the WSJ Live to talk about the Fed and tactical investment strategies. See video below or on WSJ Live: Markets Ask: Will the Fed Pull it Off?.
CMG Capital Management Group has approximately $432 million AUM in tactically managed accounts for individuals and advisors. CMG investment strategies are also available in a Variable Annuity through Jefferson National.
Blumenthal in WSJ: Emerging Markets Selloff Premature?
InfluenceAdvisor clients make news: CMG Capital Management Group CEO Steve Blumenthal is quoted in The Wall Street Journal Article Mom-and-Pop Investors Bolt Emerging Markets. Since the start of June, $18.1 billion pulled from emerging market bond fund.
“[Retail] investors are behaviorally doing the exact opposite of what they should be doing,” said Steve Blumenthal, whose advisory firm manages $550 million for investment advisers and retail clients. “Emerging markets have perhaps the best valuation level of any of the markets, but they’re in a selloff.”
CMG Capital Management Group is a Registered Investment Advisor (RIA) that provides other RIAs, financial planners, and institutions with managed accounts, mutual funds and variable annuities. See cmgwealth.com.
Blumenthal on Fox Business: Is 60/40 Dead?
Is the idea of the 60/40 portfolio obsolete? CMG Capital Management Group CEO Stephen Blumenthal stopped by the Fox Business studio in New York to discuss ” how to modernize your portfolio allocations” with David Asman and Liz Claman on “After the Bell.” See segment on Fox Business. CMG Capital Management Group offers managed accounts, mutual funds and variable annuities that are constructed to benefit from current economic conditions, and aim to provide steadier performance in all market cycles.