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Income Investing: Is it Time to Pull the Plug on Bonds?
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Income Investing: Is it Time to Pull the Plug on Bonds?
The financial media has collectively thrown their hands in the air. After three years of repeatedly asking when the next stock market bubble is going to occur, the realization has set in that there is a need to cover a fresh topic. Ratings have declined substantially among many of the popular financial news programs as equity markets have soared. There is an element of truth to the phrase "negativity sells" regarding ratings in the world of media. Predictions of a bond bubble have returned with a vengeance. We would like to take a moment to help you differentiate reality versus sensationalism.
Rumors have intensified, suggesting the Fed is going to slow or potentially halt the $85 billion monthly bond purchase program in response to the four-year bull market for U.S. equities. Economists at some of the largest firms on Wall Street predict a slowing of the bond buying program as early as late summer. Some of the most respected fixed income managers in the business have recently stated that they have shortened the maturity of their bond portfolios in anticipation of rising rates.
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Market Statistics*
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MAY |
YTD** |
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S&P 500 Index |
2.34%
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15.37%
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MSCI EAFE Index |
-2.27%
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8.65%
|
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MSCI Emerging Markets |
-2.53%
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-3.51%
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Russell 2000 |
4.00%
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16.46%
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Barclays Int US Gov/Credit Index |
-1.13%
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-0.45%
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DB Commodity Index |
-1.52%
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-6.77%
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* All returns include dividend reinvestments. Source: Bloomberg, LP.
** Year to date through 05/31/2013.
This report is provided for informational purposes only. The report has been compiled with information from third-party sources that OJM Group deems reliable; however we cannot guarantee the accuracy of such information. The account statements you receive from the custodian of your assets is the official record of your account and we encourage you to compare and verify the balances on this statement with the balance information on the statements you receive from the account custodian. OJM Group is a registered investment advisor.
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New ebook Now Available for Orthopaedic Surgeons and Physicians of All Specialties
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"We believe a physician of any specialty can benefit from our newest book. It is because of this that we are pleased to make this Special Offer to all OJM newsletter subscribers."
David Mandell, JD, MBA
OJM Principal and book co-author
(See special offer details in sidebar of this newsletter)
OJM Group is pleased to announce the release of Wealth Protection Planning for Orthopaedic Surgeons & Sports Medicine Specialists, a new book written by OJM principals David Mandell, JD, MBA and Jason O'Dell, MS, CWM and well-known orthopaedic surgeon, Dr. Peter Millett, MD, MSc of the Steadman Clinic in Vail, Colorado.
Along with contributing author Cheyenne Brinson, MBA, CPA of Karen Zupko and Associates, the authors wrote this book for busy orthopaedic surgeons. It features four concise lessons on topics vital to the financial health of physicians and their practices.
Using a challenge/solution format, Dr. Millett, formerly of the Harvard Medical School, details specific issues he encountered in his personal financial situation, in academia, and in his surgical group practice.
"We will be the patients," says Dr. Millett to readers in the book's introduction, "and my co-authors will be the tertiary care specialists who will help us come up with the best diagnosis and treatment. They will share some of the best strategies to protect your assets, reduce your taxes, and plan for retirement, while offering suggestions on developing and growing your most important income producing asset – your orthopaedic or sports medicine practice."
Many orthopaedic surgeons and physicians of all specialties will recognize the challenges presented in the book and will welcome Dr. Millett's unique insight," said David Mandell. "We hope that Wealth Protection Planning for Orthopaedic Surgeons & Sports Medicine Specialists will be the first of several financial resources co-written with physicians for their colleagues in a specific medical specialty."
Wealth Protection Planning for Orthopaedic Surgeons & Sports Medicine Specialists is available now as a downloadable ebook for kindle, ipad and other compatible tablets. A print version will be available this summer.
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WEBINAR: Best Practices in Practice and Personal Asset Protection Planning
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Medical practices and individual physicians both face significant liability risk – for medical malpractice, but also as employers, holders of private health information (HIPAA), real estate owners, parents of teenage drivers, etc. Many of these principles can apply to non-medical business owners as well.
This presentation is currently live at www.ojmgroup.com and will explain common liability traps, dispel common myths about asset protection and identify the "Best Practices" in the following areas:
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Using the proper entity or entities for the practice
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Shielding accounts receivable, real estate, equipment and other business assets from lawsuits
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Shielding cash flow
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Protecting personal assets, including qualified plans, IRAs, the home, and liquid investments
Click here to view this webinar now!
This webcast will be presented by OJM Group Principal, David B. Mandell, JD, MBA. Mr. Mandell is a co-author of For Doctors Only; A Guide to Working Less and Building More, as well as numerous other books and articles on financial planning, wealth management and asset protection strategies for physicians and business owners. Mr. Mandell can be reached at mandell@ojmgroup.com or by calling 877.656.4362.
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