Presentation is loading. Please wait.

Presentation is loading. Please wait.

An Insider’s Look- What You Need to Know Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior.

Similar presentations


Presentation on theme: "An Insider’s Look- What You Need to Know Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior."— Presentation transcript:

1 An Insider’s Look- What You Need to Know Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior Vice President of Investment Services Presents… Securities offered through Sammons Securities Company, LLC Member FINRA/SIPC

2 Disclosures  David Richmond is a licensed Investment Advisor Representative in the states of MI, OH, AZ, CO, MN  Licensed to sell securities, annuities, & insurance  Affiliated with Sammons Securities Co.®, LLC, member FINRA/SIPC & Midland National  Richmond Brothers Financial Management Specialists, Inc. offers securities through Sammons Securities Co.®, LLC, member FINRA/SIPC  Fee-based investment advisory services offered through Sigma Planning Corporation, a registered investment advisor

3  Richmond Brothers offers securities through Sammons Securities Co.®, LLC, member FINRA/SIPC. The broker/dealer for Midland National’s variable products is Sammons Securities Co. Sammons Securities Co. is a registered broker/dealer under the Securities Exchange Act of Sammons Securities Co. is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National. Disclosures

4  This is not intended to be a sales seminar. The purpose of this Webinar is to provide you with general information on current economic happenings, government programs and investment strategies  There will be an opportunity to schedule an appointment for an individual consultation at the end of this Webinar which may result in a recommendation of specific financial products that may help you achieve your financial goals  There is no obligation to schedule an appointment or purchase a product Disclosures

5 Agenda  Using GoToWebinar  Review of 1 st Quarter 2009  Cash flow vs. Appreciation  Hot Ideas for 2009  Government Programs You’ve Wondered About  Q&A

6 Review: Using GoToWebinar  Control Panel –Panes expanded or collapsed by +/-  Grab Tab –Open or close Control Panel –Choose full screen or window mode –Raise or lower hand

7 1 st Quarter Review Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. Source: [3/31/09]http://online.wsj.com

8 1 st Quarter Review  Signs that economy may be starting to bottom: Source: my/jobless_claims/?postversion= my/jobless_claims/?postversion= [4/16/09] Source: Note: It is not possible to invest directly in an index.

9 1 st Quarter Review  Signs that economy may be starting to bottom: Source: m/feeds/afx/200 9/04/02/afx html [4/2/09] m/feeds/afx/200 9/04/02/afx html “The initial scare has gone from the market and it looks like the economy is showing signs of bottoming out, but it is difficult to predict where things will go from here.” – Jack Welch, Former CEO of General Electric Source: [4/16/09]

10 1 st Quarter Review Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends. Source: [3/31/09]http://online.wsj.com

11 1 st Quarter Review  Monetary Policy Source: Primary Mortgage Market Survey Results April 9, 2009

12 1 st Quarter Review  Monetary Policy Source:

13 1 st Quarter Review  Commodities –Making a recovery Sources: 1http://bloomberg.com/apps/news?pid= &sid=aOXM9_FZjRFg&refer=australia [3/31/09]http://bloomberg.com/apps/news?pid= &sid=aOXM9_FZjRFg&refer=australia 2http://online.wsj.com/article/SB html?mod=googlenews_wsj [4/1/09] 3http://google.com/hostednews/ap/article/ALeqM5jND4r3B-VBZu2Ogg2_yzjYnPIP8gD95DVGB80 [1/1/09]http://online.wsj.com/article/SB html?mod=googlenews_wsjhttp://google.com/hostednews/ap/article/ALeqM5jND4r3B-VBZu2Ogg2_yzjYnPIP8gD95DVGB80

14 Cash Flow vs. Appreciation  Richmond Brothers believes cash flow is the most important thing in your portfolio, especially in bad times  Cash flow may help lessen loss in a portfolio –However, it does not guarantee against loss  Principle: Get as much of draw as possible from cash flow and leave as much of principal intact for potential future recovery

15 What to Look for in 2009  Ensure cash flow is intact as much as possible –Companies will adapt throughout year  Dollar cost average when possible –Take advantage of low prices –Remember: dollar cost averaging does not ensure a profit nor does it protect against a loss in declining markets. It involves continuous investment in securities regardless of fluctuating price levels. Investors should consider their ability to continue purchases in periods of higher prices.  Watch for inflation –Hedges: real estate, stocks, gold

16 What to Own in 2009  Unfortunately, we cannot make recommendations in a group setting  Please contact Richmond Brothers for an individual recommendation

17 Government Programs  Two ways government has stepped in: 1. Federal Reserve  Goal: Provide liquidity in U.S. and abroad 2. Treasury Department  –Goal: Provide transparency to the programs under the treasury’s scope Source:

18 Gov’t Programs: Terms  Asset Guarantee Program (AGP), established under section 102 of EESA, allows the Department of the Treasury assume a loss position with specified attachment and detachment points on certain assets held by the qualifying financial institution; the set of insured assets would be selected by the Treasury and its agents in consultation with the financial institution receiving the guarantee.  Capital Assistance Program (CAP) is an effort to restore confidence in our financial institutions and ensure that they have the capital to continue to lend even in a more adverse environment. The supervisors are conducting stress tests of the nation's financial institutions to determine whether they need additional capital to continue lending and absorb the potential losses that could result from a more severe decline in the economy than projected. Eligible financial institutions can either raise the necessary capital in the private markets, or issue convertible preferred stock to the government through CAP. Source:

19 Gov’t Programs: Terms  Capital Purchase Program (CPP) is a voluntary program in which the U.S. Government, through the Department of Treasury, invests in preferred equity securities issued by qualified financial institutions. Participation is reserved for healthy, viable institutions that are recommended by their applicable federal banking regulator.  Capital Purchase Program (CPP) is a voluntary program in which the U.S. Government, through the Department of Treasury, invests in preferred equity securities issued by qualified financial institutions. Participation is reserved for healthy, viable institutions that are recommended by their applicable federal banking regulator.  Under the Consumer and Business Lending Initiative, the Treasury and the Federal Reserve are working together to provide an initial $200 billion in financing to private investors to help unfreeze and lower interest rates for loans for students, small business, and others. This program has the potential to unlock up to $1 trillion of new lending and unfreeze currently frozen credit markets.  The Emergency Economic Stabilization Act (EESA) is the bill that forms the foundation of the Financial Stability Plan. This Act provides critical tools, including the Troubled Asset Relief Program (TARP), to strengthen America's financial system. Source:

20 Gov’t Programs: Terms  Systemically Significant Failing Institution Program (SSFI) was established to provide stability and prevent disruptions to financial markets from the failure of institutions that are critical to the functioning of the nation’s financial system.  The TALF is a Federal Reserve credit facility authorized under section 13(3) of the Federal Reserve Act. The TALF is intended to make credit available to consumers and businesses on more favorable terms by facilitating the issuance of asset-backed securities (ABS) and improving the market conditions for ABS more generally. The Federal Reserve Bank of New York (New York Fed) will make up to $200 billion of loans under the TALF. TALF loans will have a term of three years; will be non-recourse to the borrower; and will be fully secured by eligible ABS. The U.S. Treasury Department will provide $20 billion of credit protection to the Federal Reserve in connection with the TALF  Targeted Investment Program (TIP) was created to stabilize the financial system by making investments in institutions that are critical to the functioning of the financial system. This program focuses on the complex relationships and reliance of institutions within the financial system. Investments made through the TIP seek to avoid significant market disruptions resulting from the deterioration of one financial institution that can threaten other financial institutions and impair broader financial markets and pose a threat to the overall economy.  Troubled Assets Relief Program (TARP) was established under the EESA with the specific goal of stabilizing the United States financial system and preventing a systemic collapse. Treasury has established several programs under the TARP to stabilize the financial system and has now created the Financial Stability Program will additional measures to stabilize the financial system, restoring the flow of credit to consumers and businesses. Source:

21 Q & A Session We welcome your questions at this time  REMINDER: –Raise hand (click on yellow hand icon to raise/lower hand) to be un-muted and ask question through phone or computer microphone –Or, type in a question in the Questions pane and click send to submit it to Richmond Brothers

22 Our Credentials  David S. Richmond, CLU, ChFC –Chairman & Chief Investment Officer –In 2009, will graduate with Masters of Science in Financial Services  Matthew J. Curfman, CFP® –Senior Vice President of Investment Services –One of youngest to receive CFP® in the Board’s history

23 Thank You For Joining  Please with any feedback about this evening’s discussion


Download ppt "An Insider’s Look- What You Need to Know Presented by: David S. Richmond, CLU, ChFC Chairman & Chief Investment Officer Matthew J. Curfman, CFP® Senior."

Similar presentations


Ads by Google