Now that we have finished the first decade of the 21st century, what is in store for investors the next 10 years? Find out why the principals of Pring Turner Capital Group believe investors should prepare for “another lost decade” and what market benchmarks will look like when we have reached the end of this current secular bear market. Why is the business cycle more critical than ever for investors and where are markets in relation to the current business cycle? Valuable insights, original research and experience drawn on by our guest speaker, Tom Kopas, a principal at Pring Turner Capital Group, are all part of the concepts covered in this timely presentation. Tom will discuss what asset allocation decisions will bring investors profitably through this cycle, and where the risks and opportunities are for investors now and in the coming months and years.
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Pring Turner Capital AAII Presentation (March 2010)
1. AAII San Francisco Meeting Saturday March 20, 2010 Presented by: Tom Kopas www.pringturner.com Since 2000 a “Lost Decade” For Investors… Are you Prepared for Another “Lost Decade?” The Secular and Cyclical Outlook for Stocks, Bonds, and Commodities
2. U.S. Stock Prices www.pringturner.com Pring Turner Capital Group 1 2 3 4
8. Financial markets are linked in a logical, rational, and sequential relationship to business activity. Financial markets have been tracking these business cycle sequences for over 150 years. Pring Turner Investment Approach
9. The Random Noise of Economic News www.pringturner.com Pring Turner Capital Group 9
10. Money Supply Bond Prices Stock Prices Economy Commodities ? www.pringturner.com Pring Turner Capital Group 9
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13. Bearish March 2010 Secular Bear Market 30 Year Secular Bull Market 3 % 7 12 15 % www.pringturner.com Pring Turner Capital Group 9 10 03 78 54
18. Tactics to Protect and Grow Wealth Secular Trend at Critical Juncture March 2010 www.pringturner.com Pring Turner Capital Group Tactics Cyclical Secular Class Favor Natural Resource Companies “ Chindia” Theme, Global Resource Demand Precious Metal Exposure Resource Based Countries Canadian Royalty Trusts Bull Bull Inflation Sensitive Assets Review and Reconsider Risks Lower Bond Allocation Reduce Bond Maturities Set up Short-term Bond Ladder Hedge Bonds with Inflation Sensitive Securities Bear Bear? Bonds Use Business Cycle to Tactically Allocate Assets Inflation Themes are in Secular Bull Resourced Based, Foreign-Emerging Markets Quality with International Exposure Income Producers Bull Bear Stocks
19. Thanks for Listening… You are welcome to visit our website www.pringturner.com for research updates