Is the trend of increasing state legalization of cannabis, commonly known as marijuana, making it the investment flavor of the day, or something that should be part of an investment portfolio? There are many issues surrounding legalization of recreational and medical use of marijuana. Pot is still federally illegal to grow and transport across state lines, which makes traditional banking and financial services more difficult until these rules are eased; and the long-term health impact of habitual use is unknown. These basic issues have yet to be addressed.
Chris works one-on-one with clients, helping them achieve their investment objectives. Chris is also responsible for conducting fundamental research and portfolio construction and oversees Covenant’s technical analysis. He is also a member of the firm’s Investment Committee. Chris has been employed in the financial services industry since 1992. Prior to joining Covenant Asset Management in 1999, Chris spent four years as an investment portfolio manager at Summit Bank, where he co-managed the Pillar Equity Growth Fund.
Chris has a B.S. in finance from Lehigh University and received the Chartered Financial Analyst designation in 1998. He lives in Hoboken, New Jersey, with his wife April and three daughters and a son.
Should Britain stay part of the European Union (the EU) or should it leave and go it alone, commonly referred to as “Brexit”. As of now, Britain is part of the European Union (though not part of the Euro currency). Britain's $3 Trillion in gross domestic product (GDP) makes up 17% of the $16 Trillion GDP of the entire European Union. For perspective the US GDP stands at $18 Trillion. On June 23, 2016, British citizens will be voting on whether to stay a part of the EU or not. Current polls show by a slim margin that they will stay in the EU. However, polls have not been very reliable lately as predictive tools and consequently there is no certainty as to what the outcome of the vote will be. In this note, we will try to highlight the potential impact of staying in the EU and for a British exit (Brexit) from the EU.
Market volatility or the daily and weekly market ups and downs is a measure of market risk. Nowadays, with multiple business channels vying for viewership, alleged increasing volatility is used as a tease to draw viewers. In addition, new investing instruments and a change in market structure have contributed to bursts of volatility that are very short lived and in-actionable and should be ignored as noise by the long-term investor. Understanding what and who is driving volatility, and its brevity is critical in keeping your fears in check and your long-term strategy intact.