Tag Archives: fixed income

Party on Garth

The Economy: The economy appears to be expanding quite nicely and business optimism continues to rise as it approaches new records. The Left Coast, with its gateway to Asian trade, technology and Pentagon spending continues to boom along. Construction cranes fill the skies. New homes are stuffed into every nook and cranny. Roadwork and infrastructure projects are everywhere. New cars abound. Recently launched multi-million dollar yachts overwhelm the docks. Planes are jammed. Restaurants are packed. Exotic vacations are booked years ahead. The stock market confirms this rock ‘n roll fantasy narrative with many indices at or near their highs. Understand that only 3 tech stocks account for 70% of index gains this year. So the question is, “Can you be a cockeyed optimist and a contrarian at the same time?” The answer is yes. Now we’re entering earnings season with projections for year-over-year increases of 20%, Is this the beginning, the end of the beginning or the beginning of the end. Only Elon Musk knows for sure. China, Russia, North Korea, Syria, Turkey, UN, NATO, Trade Wars, Immigration Wars, SCOTUS Wars, Mid-Term Election Wars, Culture Wars, Religious Wars … and rising interest rates. Not to worry.

Food for Thought: Youth is wasted on the young and the wisdom of the ages is simply wasted. We will continue to emphasize the importance of interest rates and what the yield curve is telling us. While there will always be a bull market somewhere, most investors have a significant portion of their financial assets in fixed income. The old saw, “Stocks, bonds and cash.” The beginning point for most portfolio allocations is about 40% in fixed income; e.g. the bond market. So when I emphasize having an exit strategy, I’m particularly talking about having an exit strategy for fixed income.  Contact me if you have questions on how to risk proof your portfolio.

Debbie Higgins at CDIAC Webinar

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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.

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