Monthly Archives: September 2015

Proverbs 9:2

Fortune favors the bold.

Truth is one of the highest ideals.

Free will is a key moral concept.

Knowledge is never wasted.

Without a vision you cannot manage your life.

Mental toughness is having an ironic sense of humor free of self-pity.

Embrace miracles.

Swallow your pride.

Expressing doubt may destroys the confidence that others have in you.

There’s nothing that the Irish don’t know about lost causes.

The solution to one problem may create another.

Better late than never.

Reconcile talent, ambition and ego.

Turn a negative experience into a positive one.

Question your habits.

Do not seek acclaim; deserve it.

Some things have to be believed to be seen.

To avoid criticism, do nothing, say nothing and be nothing.

Stay Hungry. Stay Foolish.

Yogi Berra

The Economy:  Yogi Berra’s passing, yesterday, trumps the economy. So annotated from Wikipedia, “Here’s Yogi!” Lawrence Peter “Yogi” Berra (May 12, 1925 – September 22, 2015) was an American Major League Baseball (MLB) catcher, manager, and coach. He played almost his entire 19-year baseball career (1946–65) for the New York Yankees. He is widely regarded as one of the best catchers in baseball history. He was elected to the Baseball Hall of Fame in 1972.

Berra was an All-Star for 15 seasons. He is one of only four players to be named the Most Valuable Player of the American League three times and is one of seven managers to lead both American and National League teams to the World Series. As a player, coach, or manager, Berra appeared in 21 World Series and won 13 of them. He was named to the Major League Baseball All-Century Team in a voting of fans in 1999.

Berra, who quit school after the eighth grade, was also known for his pithy and paradoxical quotes, such as “It ain’t over ’til it’s over”, while speaking to reporters. Simultaneously denying and confirming his reputation, Berra once stated, “I really didn’t say everything I said.”

Yogi Berra was born in a primarily Italian neighborhood of St. Louis called “The Hill”, to Italian immigrants Pietro and Paolina (née Longoni) Berra. Pietro, originally from Milan in northern Italy, arrived at Ellis Island on October 18, 1909, at the age of 23. In a 2005 interview for the Baseball Hall of Fame, Yogi said, “My father came over first. He came from the old country. And he didn’t know what baseball was. He was ready to go to work.

He began playing baseball in local American Legion leagues, where he learned the basics of catching while playing outfield and infield positions as well. He received his famous nickname from his friend Bobby Hofman who said he resembled a Hindu yogi whenever he sat around with arms and legs crossed waiting to bat or while looking sad after a losing game.

Yogi served in the US Navy during World War II. He participated in the Normandy invasion during D-Day.

In 1958 Yogi Bear and his side kick Boo Boo appeared as Hanna-Barbera (H-B) cartoon characters. Yogi’s name was similar to that of Yogi Berra, who was at the height of his fame. The H-B management team claimed that the similarity of the names was just a coincidence. but the defense was considered implausible and sources now report that Berra was the inspiration for the name.

Food for Thought: Yogiisms:
“It ain’t over till it’s over.”
“It’s déjà vu all over again.”
“You can observe a lot by watching.”
“When you come to a fork in the road, take it.”
“If you don’t know where you are going, you might wind up someplace else.”
“In theory there is no difference between theory and practice. In practice there is.”

Proverbs 9:1

Things change when people want something to stay the way it is.

Coincidence is God’s way of remaining anonymous.

It’s either a dog-eat-dog world or it’s the other way around.

They made their money the old-fashioned way, they stole it.

Being brave is doing what scares you.

The whole point of sobriety is to stop missing out on your own life.

When you are ready to learn, a teacher will appear.

Ask little of life and you’ll get less; you never get more than you ask for.

Never reinforce failure.

Always be polite to people who are not allowed to be rude to you.

There are some things that you just cannot have.

Success is sometimes a matter of natural aptitude not opportunity.

For everything you love there is a price.

Debbie Higgins at CDIAC Webinar

*************** Press Release ***************

Higgins Capital President is Presenter on CDIAC Certificate of Deposit Webinar

On Tuesday, September 8, 2015, Deborah M. Higgins, President of Higgins Capital was a presenter for a webinar on investing in Certificates of Deposit. The webinar was presented by the California Debt and Investment Advisory Commission (CDIAC),http://www.treasurer.ca.gov/cdiac/introduction.asp. It was attended by more than 275 California Treasurers, Finance Directors and Investment Officers.

Headquartered in La Jolla, California, Higgins Capital is a woman and veteran owned Broker Dealer/Registered Investment Advisor co-founded by Deborah M. Higgins in 1995. The Firm provides investments to California Public Agencies. Higgins Capital is a family owned corporation with more than 60 years of combined experience in the financial services industry. We Shop The Street® for our Public Agency Clients. We Quarterback Money®.

Ms. Higgins began her career in finance in 1974. She founded the Merrill Lynch Institutional Group in San Diego in 1990 and Higgins Capital in 1995. The California State Treasurer appointed Ms. Higgins to the Technical Advisory Committee (TAC) for CDIAC to create the Local Agency Investment Guidelines (LAIG). She has served three terms. Ms. Higgins serves as the Treasurer on the Board of San Diego’s Center for Community Services (CCS). She is a founding member of the Miracle Circle’s Auxiliary for Miracle Babies which provides support and financial assistance to families with critically ill newborns in the Neonatal Intensive Care Unit.

For more information please email: info@higginscapital.com.

*************** Press Release ***************

Protecting Your Assets During Troubling Times

The Economy: This is a holiday shortened week with little of note; except for the screams of vertigo fatigued stock market investors. Next week is the Fed Liftoff Meeting that has been the topic du jour for months. “Just Do It” so that we can get on to other things worthy of attention; the direction of hemlines for example. Financial markets may blow a fuse when the Fed finally shakes off its lethargy, but the economy should continue to expand. San Diego is particularly well positioned to move ahead regardless of what Janet and The Jets serve up. Annual tourism brings 35 million people to San Diego to spend and shop till they drop. Defense spending is increasing as the Pacific First strategy continues to unfold. High-Tech/Med-Tech looks bright with the smart set in love with sun, sand and surf. Real estate has recovered from its swoon and records are again being broken. Gentrification is adding value to neighborhoods throughout the county. Scrape and remodel is the old new. Construction cranes again dot the skyline downtown. Optimism is the order of the day.

Food for Thought: 400 point daily moves have become the norm in global stock markets during the past month. Earlier this week, Japan was up 7% one day then down 3% the next. A few weeks ago the Dow was down over 1000 points shortly after the open before staging a comeback. It was the largest drop in history. Tuesday it was up 400 points, Wednesday down 230. Ride ‘em cowboy. With this volatility we continue to maintain large cash reserves; both for protection and for opportunity. If you are still fully invested, taking some money off the table would be a prudent move. Pundits are comparing this roller coaster ride to past meltdowns. I’m not convinced that comparisons are valid. I see time as being more like a corkscrew than a straight line. Events that appear to be repeating are occurring under different circumstances. Buy and Hold was a sound approach in 2009. Beware your own complacency. Contact us if you have questions about how to protect your assets in these volatile times. We Quarterback Money®.

San Diego Labor Day Advice

Investing as Entertainment

A headline shouts, “Roger Federer talks … market volatility” and I think, “Here we go again!” CNBC, Bloomberg TV, Fox, CNN and thousands of blogs and websites cater to the investing public. Daddy gave you a quarter for an allowance when you were 5 years old. You’ve been writing and cashing checks for a lifetime. You know money. The internet and the media tell you that you should be investing your own money. You can do it for free. Even a Neanderthal can do it.

Seriously? Can you be a part time astronaut, a part time neurosurgeon, a part time NFL quarterback, a part time Supreme Court Justice? Every successful endeavor requires dedication, discipline, hard work and luck. But the zeitgeist is that investing is for part time fun. The meaningless noise from the Talking Heads is deafening. Not to mention the theatrics of shouted insults, horns, bells, sirens, cream pies and fashion.

The snake oil salesman has been recast as the investing guru screaming at you to gamble with your estate. Why are you listening? As a prudent investor you should avoid the Las Vegas casino mindset. Seek professional advice. At Higgins Capital We Quarterback Money®.

China, ECB Super Mario Draghi and the Fed

The Economy: Heading into the holiday weekend, the mixed bag of economic reports continues unabated. Looking ahead, we’re on the home stretch for the Fed meeting in 2-weeks. The last word from the Fed is that there is insufficient data to determine whether liftoff will occur at this meeting. That comment is about as transparent as it’s going to get. Read, “No comment.” We wouldn’t expect anything less. As we’ve said before. If the Fed doesn’t act at this meeting, we would expect liftoff to happen in March 2016. The hitch at this point seems to be the volatility in the stock market.

Food for Thought: Summer wraps us this holiday weekend. Have a great time out there! We Quarterback Money®.