Jeffrey Gundlach: "Life Is Great!" by Stephen B. Blumenthal, CMG Capital Management
By Steve Blumenthal
“Everyone has to think about what will happen to their wealth when interest rates change direction.”
– Peter Briger, CEO and Co-CIO of Fortress Investment Group
“By 2020, 70% of assets will be held by retirees and pre-retirees.”
– Salim Ramji, BlackRock’s Global Head of Corporate Strategy
Place those two quotes front of mind. The primary need of investors is shifting and the risk dynamics has changed. Gone are those wonderful defined benefit plans. This is the first generation of retirees retiring with control of their financial assets. That’s good news for your advisory business, yet, with zero bond rates and 10-year forward returns for equities in...
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