Archive for the 'BWM Letters' Category

Banach Wealth Management July 30, 2010 Letter

Friday, July 30th, 2010
July 2010 Financial Markets Review
Key Points
  • 2010 Year to Date Total Returns
    S&P 500 (1101)                             0%
    U.S. 10 Yr. Bond (2.91%)               9%
    NASDAQ (2254)                           -1%
    Foreign (EAFE) Stocks                  -6%
  • 2010 U.S. GDP expected expansion  2.9%
  • 2010 earnings expected increase       34%
  • Trading range bound stock market

Link to full version BWM Letter

Banach Wealth Management June 30, 2010 Letter

Thursday, July 1st, 2010
First Half 2010 Weak Financial Markets Review
Expect Second Half Trading Range Bound Market
Key Points
  • 2010 Year to date Total Returns
    S&P 500 (1030)                                 -7%
    U.S. 10 Yr. Bond (2.94%)                    8%
    NASDAQ (2109)                                -7%
    Foreign (EAFE) Stocks                      -16%
  • U.S. GDP expected expansion      =      3%
  • 2010 earnings expected increase  =    34%
  • Stock market correction after 14 mo. advance
  • Economic recovery in process

Link to full version BWM Letter

Banach Wealth Management May 31, 2010 Letter

Monday, May 31st, 2010
May 2010 Financial Markets Review
Economic & Political Events
fuel panic selling

Key Points
  • 2010 Year to date Total Returns
    S&P 500 (1089)                       -1%
    U.S. 10 Yr. Bond (3.30%)          5%
    NASDAQ (2257)                      -1%
    Foreign (EAFE) Stocks            -14%
  • U.S. GDP expected expansion =     3+%
  • 2010 earnings expected increase = 35%
  • Stock market correction after 14 mo. advance
  • Solid economic recovery in process

Banach Wealth Management Apr. 30, 2010 Letter

Friday, April 30th, 2010
April 2010 Financial Markets Review
Sell in May or Stay?
Key Points
  • 2010 Year To Date Returns
    S&P 500 (1186)                              7%
    U.S. 10 Yr. Bond (3.66%)                3%
    NASDAQ (2461)                              9%
    Foreign (EAFE) Stocks                    -1%
  • U.S. GDP expected expansion     = 3+%
  • 2010 earnings expected increase = 35%
  • 14 month stock market advance continues
  • Solid economic recovery in process

Link to Full Version BWM Letter

Banach Wealth Management Apr. 01, 2010 Letter

Thursday, April 1st, 2010
First Quarter 2010 Mild Advance
Cautiously Enjoy Strong Earnings Impact
Key Points
  • 2010 Year to Date Returns
    S&P 500 (1168)                   5%;
    U.S. 10 Yr. Bond (3.83%)     1%;
    NASDAQ (2397)                   6%;
    Foreign (EAFE) Stocks          1%
  • U.S. 2010 expected growth          3%
  • 2010 Expected Earnings increase 31%
  • 12 month stocks advance continues
  • Solid economic recovery

Link to Full Version BWM Letter

Banach Wealth Management Jan. 28, 2010 Letter

Thursday, January 28th, 2010
January* 2010 Markets Review
Watch Market Volatility
*written prior to last trading day (Jan. 29)
Key Points
  • 2010 Year to date Returns
    S&P 500 (1084)                               -3%
    US 10 Yr Bond (3.65%)                   +2%
    NASDAQ (2179)                              -4%
    Foreign (EAFE) Stocks                     -4%
  • U.S. GDP expected expansion      = 2.9%
  • 2010 earnings expected increase =  31%
  • Stock markets advanced for 10 months
  • Economic upturn strength approaching peak

Link to full version BWM Letter

Banach Wealth Management Jan. 03, 2010 Letter

Sunday, January 3rd, 2010
2009 Financial Markets Review
Extraordinary Monetary Leverage
Stabilized Private Entities Deleveraging
Mid 2010 markets likely to be volatile
Key Points
  • 2009 Total Returns
    S&P 500 (1115) 28%
    U.S 10 Yr Bond (3.85%) -11%
    NASDAQ (2269) 44%
    Foreign (EAFE) Stocks 24%
  • U.S. GDP likely contraction -2.3%
  • 2009 earnings expected decline -5.6%
  • Stock markets hit bottom in March
  • Economic recovery in process

Link to full version BWM Letter

Banach Wealth Management Nov. 13, 2009 Draft Guide Chapter 17

Friday, November 13th, 2009
Lifetime Wealth Flow Guide
Section VII. Wealth Cycle Management
Chapter 17. Orchestrating Your Resources
Key Points
  • A Wealth Blueprint documents the plan
  • Risk Tolerances shape wealth strategies
  • Ultimately cash flows must be matched

Link to full version BWM Letter

Banach Wealth Management Oct. 31, 2009 Letter

Saturday, October 31st, 2009
October 2009 Month End Markets Review
Normal Market Correction in process
Key Points
  • 2009 Year to Date Total Returns
    S&P 500 (1036)                      17%
    U.S. 10 Yr. Bond (3.38%)      -18%
    NASDAQ (2045)                     29%
    Foreign (EAFE) Stocks            19%
  • U.S. GDP expected contraction  = -2.3%
  • 2009 earnings expected decline = -7.1%
  • Stock markets hit bottom in March
  • Economic recovery in process

Link to full version BWM Letter

Banach Wealth Management Oct. 18, 2009 Draft Guide Chapter 16

Sunday, October 18th, 2009
Section VII. Wealth Cycle Management
Chapter 16. Tactical Adjustments to Support Wealth Strategies
Key Points
  • Tactics smooth out strategic portfolio return changes
  • Tactics change with time horizons and risk tolerances
  • Satellite asset tactics must often be more complex
    than core asset tactics
  • Tactics include both change from and return to
    strategic wealth allocations and cash flows
  • Tax management tactics smooth out returns

Link to full version BWM Letter