Due to increasing market volatility, I am offering a free investment portfolio review to concerned investors.
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Hello, my name is Kirk Spano. I am widely followed on MarketWatch.com of the Wall Street Journal network and around the media. I founded Bluemound Asset Management as a fee-only Registered Investment Adviser to help people build and secure their retirements in an age of unprecedented changes to the global economy.
While most financial advisors focus on outdated theories of investing, I am focused on what is coming. In a world of slower growth, higher debt, increasing taxes, aging demographics and central bank interventions, I am looking first to protect people’s nest-egg and grow it when markets offer us opportunities. As an American and a financial advisor, I care about your happiness and helping you maintain your financial freedom.
Contact me before the next market moving events.
The saying “sell in May and go away” might have a more true meaning this year than most. Global risks to the economy and markets are rising at a rate I have not seen since 2006-07.
The S&P 500, which represents the large companies in the stock market, has been staging a rally since the early February mini-correction lows on hopes that everything will be okay. There is a good chance this rally keeps going for another month or two as it sucks in folks who catch a case of “I’m Missing-it-itis.” We shall see.
Regardless of what the stock market does in the very short-term, there are a host of risks piling up that threaten to not only cause a very significant stock market correction this year or next, but also throw the global economy into a shallow recession or possibly even another financial crisis — although as I’ll explain, the financial crisis scenario is not likely.
As I have discussed on multiple occasions, global economic growth going out at least another decade, and more likely to the middle of the century, is going to be about half what we experienced from the post World War II period through the early 2000s.
There are two primary causes of the slower economic growth that we are destined to see — which I have dubbed “slow growth forever” on MarketWatch. The first is aging demographics in the four largest economies on the planet — America, Europe, China, Japan — as well as, in many emerging markets that we had counted on for growth to offset the more mature economies slowing down. The second major cause of slower economic growth is the massive amount of debt that the world has accumulated.
I don’t want to paint a picture of gloom and doom however. I merely want to point out reality. Among the realities are that the Millennial Generation is doing a great job so far helping America become an island of economic stability in a world that is troubled. Another is that climate change, while ideologically a sore subject for many, for better or worse, is going to help create the jobs necessary to avoid a major demographics and debt induced depression.
Bluemound Asset Management, LLC is a fee-only Wisconsin Registered Investment Advisor • 855–445-4321
Kirk Spano works with clients throughout Wisconsin, as well as, accepts clients nationally.
All information herein has been prepared solely for informational purposes, contains no guarantees of any kind and is not an offer of case specific advice. Opinions subject to change.