In 2011, he famously called for an exit on Treasuries.
In 2012, he called the "cult of equities dead."
In 2013, he said stocks would be low 4-5% single digit returners.
In 2011, Treasuries continued to run far higher, prompting an apology from Gross to his clients — many of whom he had taken out of Treasuries and for whom he'd caused tremendous underperformance.
In 2012 equities ran up sharply in 2012, with the S&P 500 finishing the year 13.41% higher than when it started.
In 2013, adding insult to injury, the S & P had its best year in 16 years!!!
Thanks for sharing this post and YES....Bill is not a dummy. He's one of the smartest speakers I've ever seen....but.......... he hasn't got the best crystal-ball predictions record :-/
Maxing out your retirement account is usually a good call. However, if you're doing so without creating an emergency fund and assessing your cash flow first, you could be setting yourself up for a future mess.
#401k #retirementplanning #financialplanning
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- Summit Professional NetworksExecutive Editor of ThinkAdvisor, 2010 - present
Ron joined ThinkAdvisor in 2010 and is its executive editor. Previously, he was a staff editor at The New York Times News Service for 18 years, editing TimesDigest, a daily digest of the paper distributed worldwide, and International Weeklies, a distilled broadsheet version of The Times included in foreign- and English-language papers across the globe.
Prior to working at The Times, he owned and operated Multi Vision Productions, a video production company in Washington, D.C., where he directed and edited a cable TV news magazine show called "Focal Point." Ron received a BS in Communications from University of Texas at Austin. He also attended University of London, studying Art, Architecture and Theater. Ron can be reached at email@example.com.
- University of Texas at AustinCommunications
- University of LondonArts, Architecture, Theater
- James Madison UniversityTV/Film