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  • April 15, 2015 Dear Client: LIFE GOAL INVESTING The date of this letter is April 15. On this day, many of us in the United States will write a check to the IRS to pay our taxes. This reminds us of our yearly budget: daily living expenses, healthcare, taxes, education, insurance, transportation, travel, entertainment, etc. […]

    January 15, 2015 Dear Client: 2014 Review   The U.S. stock market posted its third consecutive annual gain in 2014, overcoming headline news events of global recession fears emanating from Europe and emerging markets, Russian military maneuvers on the Ukraine border, and a potential Ebola epidemic among many others. This was a welcome result based […]

    October 15, 2014 Dear Client: 2014 Year-to-Date Recap 2014 has unfolded as expected in many ways. As the year began, we looked for inflation to remain subdued, for increased volatility in both the equity and bond markets and for the European Central Bank and the Bank of Japan to maintain their respective monetary stimulus. We […]

    July 15, 2014 Dear Client: We want to share with you what we learned at the recent CFA Institute annual conference in Seattle. One of the main topics was behavioral finance, which studies human behavior and its impact on financial decision making. Not to our surprise, it shows that market participants do not act as […]

    April 15, 2014 Dear Client: Equity Review & Outlook After sustaining intra-quarter profit-taking, the U.S. equity market posted slightly positive gains with the S&P 500 Index adding 1.3% and the NASDAQ Composite rising 0.54 %, exclusive of dividends. We suspect the combination of lowered earnings expectations, coupled with the Federal Reserve’s reduction of bond purchases posed a challenge […]

    January 15, 2014 Dear Client: 2013 In Review The final quarter of 2013 capped off the best year for U.S. stocks since 1995 with the S&P 500 Index rising an additional 10.5%. Industrial and technology stocks led the way during the fourth quarter as the U.S. economy rebounded surprisingly well during the second half of […]

    October 15, 2013 Dear Client: The third quarter was a relatively uneventful quarter. Not much we need to address. As such, we have the luxury of taking the time to review our philosophy and principles and discuss some changes at Noesis. I hope this will help you further understand the team you entrust your money […]

    July 15, 2013 Dear Client: Ben Bernanke finally clarified his exit strategy at the June 19th Federal Open Market Committee (FOMC) meeting. The Fed plans to keep its target interest rate near zero as long as unemployment remains above 6.5% and the near-term inflation outlook stays below 2.5%. The central bank will begin reducing Quantitative […]

    Joe is a regular speaker at the South Florida Chinese community events. On September 15, 2012, he made an annual Economic Outlook presentation  to the Florida Taiwanese Business Association.  His topics included the outlook on stock markets, employment, housing recovery, inflation and bond markets.  Some of the highlights were included in this news article on […]

    April 15, 2013 Dear Client: “In coming decades, many forces will shape our economy and our society, but in all likelihood no single factor will have as pervasive an effect as the aging of our population.” Fed Chairman Ben Bernanke (October 4, 2006) The world is going through a dramatic demographic transition as fertility declines […]