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Banach Wealth Management Nov. 1, 2008 Letter

Sunday, November 2nd, 2008
October 2008 Markets Review
Large Losses across All Markets
Panic Volatility & Selling
Key Points
  • Year to Date Total Returns
    S&P 500 (969) -33%
    US 10 Yr Bond (3.96%) 0%
    NASDAQ (1731) -35%
    Foreign (EAFE) Stocks -43%
  • 2008 US GDP expected growth = 0.6%
  • 2008 earnings decline expected = -8.5%
  • Negative 2008 portfolio returns
Executive Summary
Equity markets imploded (S&P 500 -17%) in October.
All markets suffered a lack of confidence. Volatility
exploded and risk premiums increased ……

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Banach Wealth Management Oct. 18, 2008 Guide Draft Ch. 2

Saturday, October 18th, 2008
Wealth Guide Section II Nature of Risk
Chapter 2 Uncertainties, Choices, & Catalysts
The word “risk” derives from the early Italian
“risicare”, which means to “dare”.
… The actions we dare to take, which depends
on how free we are to make choices, are
what the story of risk is all about.
-Peter Bernstein Against The Gods
Key Points
  • Quantitatively deduct or intuitively feel?
  • Hindsight doesn’t tell the full risk story
  • Play the odds carefully
  • Who do you trust?

Link to Full Version BWM Wealth Guide Chapter 2

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Banach Wealth Management Oct. 1, 2008 Letter

Wednesday, October 1st, 2008
Third Quarter 2008 Markets Review
Chaotic Credit Markets
A September To Remember
Key Points
  • Year To Date 2008 Total Returns
    S&P 500 (1164) -19%
    US 10 Yr Bond (3.84%) +2%
    NASDAQ (2082) -22%
    Foreign (EAFE) Stocks -27%
  • 2008 US GDP expected growth = 1%
  • 2008 earnings expected decline =-4%
  • Negative 2008 portfolio returns

Link to full version BWM Letter

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Banach Wealth Management Oct. 1, 2008 Guide Draft Intro

Wednesday, October 1st, 2008

Linked Lifetime Wealth Guide
A Resource for Managing Personal Financial Risks
rough draft Table of Contents and Chapter 1 Intro to
Wealth Flow Concepts are provided as continual education.

Link to Table of Contents

Link to rough draft Chapter 1

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Banach Wealth Management Aug. 31, 2008

Sunday, August 31st, 2008
August Month End 2008 Markets Review
Market Churns; Long Shallow Recession
Key Points
  • Year to Date 2008 Total Returns
    S&P 500 (1282) -11%
    US 10 Yr Bond (3.85%) +3%
    NASDAQ (2367) -11%
    Foreign (EAFE) Stocks -19%
  • 2008 US GDP expected growth = 1%
  • No 2008 earnings growth expected
  • Negative 2008 portfolio returns likely

Link to full version BWM Letter

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Banach Wealth Management Aug. 16, 2008 Letter

Saturday, August 16th, 2008
Wealth Distribution
Part 2 : Specific Issues
Why Simulate and Focus on Withdrawals?
Key Points:
  • Simulated distributions: helpful but limited
  • Focus on risk reduction and flexibility

Link to full version BWM Letter

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Banach Wealth Management Aug. 8, 2008 Letter

Friday, August 8th, 2008
Wealth Distribution
Part 1
Selecting Your General Approach
Key Points
  • Time horizon overshadows other factors
  • Risk tolerance changes and adjustment
    capacity critical for robust spend plan
  • Part 2 - specific issues analysis will follow
    in the next BWM Letter

Link to full version BWM Letter

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Banach Wealth Management July 31, 2008 Letter

Thursday, July 31st, 2008
July Month End 2008 Markets Review
Stock Market Retreat Due For A Pause
Key Points
  • Year To Date 2008 Total Returns
    S&P 500 (1267) -12.0%
    US 10 Yr Bond (3.98%) 1.5%
    NASDAQ (2325) -12.4%
    Foreign (EAFE) Stocks -12.3%
  • 2008 US GDP expected growth = 1%
  • No 2008 earning growth expected
  • Negative 2008 portfolio returns likely

Link to full version BWM Letter

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Banach Wealth Management July 21, 2008 Letter

Monday, July 21st, 2008
Investment Risk Awareness
Physical Sciences Provide a
Perspective of Uncertainty
Key Points
  • Physical Science inquiries into uncertain
    issues are more detailed and complex than
    investment analyses
  • MPT mean variance distributions are inadequate
  • Added risk factor considerations

Link to full version BWM Letter

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Banach Wealth Management June 30, 2008 Letter

Monday, June 30th, 2008
Bear Market Blues
First Half 2008 Market Review
Key Points
  • First Half 2008 Total Returns
    S&P 500 (1280) -11.5%
    US 10 Yr Bond (3.98%) 1.5%
    NASDAQ (2293) -13.8%
    Foreign (EAFE) Stocks -11.8%
  • 2008 U.S. GDP expected growth = 1%
  • Little 2008 earnings growth expected
  • Negative 2008 portfolio returns likely

Linked to full version BWM Letter

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