IWM Investment Management Traverse City MI
Wealth Management Services In Traverse City

How to Survive a Bear Market

March 11th, 2015

With the six-year bull market in stocks getting old, people are starting to wonder how they should prepare for a possible bear market.

The answer: Not the way you think.

The biggest mistake ordinary investors make, aside from not saving enough, is trying to predict the market.

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Written By: E. S. Browning

The Wall Street Journal


How bad are Wall Street forecasts? Really bad

March 11th, 2015

There are 22 “chief market strategists” at Wall Street’s biggest banks and investment firms. They work at storied firms such as Goldman Sachs and Morgan Stanley. They have access to the best information, the smartest economists, and teams of brilliant analysts. They talk to the largest investors in the world. They work hard. They are paid lots of money.

One of their most important — and certainly highest-profile — jobs is forecasting what the stock market will do over the next year. Strategists do this every January by predicting where the S&P 500 will close on Dec. 31.

You won’t be shocked to learn their track record isn’t perfect. But you might be surprised at how disastrously bad it is. I certainly was.


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Written By: Morgan Housel

The Motley Fool


Terms of Reverse Mortgages continue to be misunderstood

March 11th, 2015

A new government report shows many seniors are taking out reverse mortgages on their homes without fully understanding the ramifications, leading to foreclosures among borrowers and a tangle of problems for heirs after the borrower dies.

“Consumer complaints tell us that the complex terms of reverse mortgages continue to be misunderstood,” said Richard Cordray, director of the Consumer Financial Protection Bureau, which last week released a report highlighting the top complaints the agency received about reverse mortgages over the last three years.

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Written By: Patricia Sabatini

The Pittsburgh Post-Gazette

The Case for Global Investing

February 20th, 2015

Our research partner Litman Gregory stressing the importance of global investing.

Please read full article here…

Anthem Data Breach may affect Michigan Blue Cross Participants

February 6th, 2015

The Anthem data breach that has been in the headlines most likely includes Michigan Blue Cross clients. If you have a Blue Cross Blue Shield policy and feel your data will be jeopardized, please see linked Fraud Alert-Identity Theft Information (PDF) 

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