After having been born and raised in China, I believe I have some unique observations regarding this sprawling economic juggernaut. It is well known that China was a contributing factor in pulling the global economy out of its slump in 2009. This year, China’s growth target is 7.5%, which was announced by Premier Wen Jiabao … Continued
We wanted to share this press release announcing the latest addition to our professional staff. Wenma Gorman, CFA recently joined Sigma as a Research Analyst. We are pleased that she accepted our offer to further her career here at Sigma and look forward to introducing her to you in person. _______________________________________________________________________________________ Sigma Investment Counselors builds … Continued
I received a call this week from a General Motors retiree in reference to the automaker’s decision to give its retirees a lump sum pension payment option versus their existing stream of benefits. He said to me, “I am an engineer with no knowledge of markets or economics. I would probably just leave things as … Continued
On top of the recent news of Ford Motor offering salaried employees lump-sum payments to buyout their defined benefit pensions, General Motors announced last week they will be offering pension buyouts for 42,000 salaried retirees. While the detailed numbers have yet to be released, many Ford and General Motors retirees will be looking at very … Continued
The 20th-century has been referred to as the “American Century”. At the end of the century, the United States (despite two world wars and the Great Depression) emerged as the world’s preeminent power, not only militarily but also economically. During the century, investors did quite well too. The 21st-century could be another period of significant … Continued
Have you received a lump sum offer on your General Motors or Ford pension? Do you know what factors to consider before making a decision? Do you want to learn more about your options? Beware! Other advisers may recommend everyone take the lump sum! It might not be your best option! Our team of advisers will give you … Continued
I recently met with a client who let me know that he was suggesting to his brother that he too might wish to become a client of Sigma’s. The client noted to me, though, that, “He is also looking at a major brokerage institution, and they don’t charge fees.” I said to him, “You mean … Continued
On Friday, May 18th, Facebook began its life as one of the most anticipated and celebrated initial public offerings (IPO) in history. Due to unprecedented demand and limited shares offered in this initial offering, the stock was priced at the high end of inflated expectations. There is much to like in the Facebook story. From … Continued
Last week, JPM Chase reported a $2 billion loss on a bad bet it made from its proprietary trading desk. Moreover, the bank conceded that the company was still unwinding the trade and that this loss could double over the next several quarters. In addition, the company may be fined and incur other legal expenses related to … Continued
As a father of three high school and/or college-aged children, I am much attuned to the high cost of a college education and I have some deep rooted opinions regarding its value. As a starting point, I think the experience can be extraordinarily rewarding for those who take full advantage of the complete experience. This … Continued
Last week, former Detroit Mayor Kwame Kilpatrick was charged by the US Securities and Exchange Commission (SEC) in an influence-peddling scheme involving the Detroit Police and Fire pension fund and one of their investment advisers. The SEC alleges, Kilpatrick solicited and received $125,000 worth of undisclosed perks paid for by the investment adviser. While this … Continued
Many investment professionals (myself included) consider core investments to be cash equivalents (US Treasury Bills or money market funds), bonds and common stocks. In simple terms, the combination of these asset classes will impact the daily or monthly variation in the value of the investment portfolio. On occasion, a client, or a financial services marketer … Continued
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