Investment Outlook Seminar 2012
Disparaging the negativity that seems so prevalent lately, Bob Landaas pointed out to clients recently that the U.S. economy has never been bigger and corporate profits never higher.
The president of Landaas & Company told more than 1,000 investors participating in two client seminars that economic headwinds are dissipating, and the financial outlook is brightening.
“It will be a while before they become tailwinds, but many of the issues that were holding back the U.S. economy are starting to fade,” Bob said.
He added that he has some concerns about debt in Europe, slowing growth in China and unclear fiscal policies in the United States, but he’s upbeat for investors with balanced, diversified portfolios.
“Low interest rates and low inflation historically are very good for stocks. That’s what we have now,” Bob said.
He also cautioned that those relying on traditional savings vehicles for relatively low-risk income need to look wisely for other assets to add to their holdings.
“It’s important that investors position their portfolios properly in advance of eventual higher rates as the economy strengthens,” Bob said, “not today, not tomorrow, perhaps the year after next. The risk that currently comes from being overweight in high-quality fixed-income exceeds the reward, after a 30-year bull run in bonds.”
Video produced by Reuben Neese.
initially posted Oct. 12, 2012