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NetWorth Radio


The unique NetWorth Radio broadcast delves deep into the most important headlines and the actual meaning for investors. Interviews with nationally acclaimed authors and Dallas business leaders bring to life investment strategy in a unique and exciting format. The author of two books and 31 investment articles, Spencer is a Certified Investment Management Analyst who manages portfolios for successful families.

Jun 20, 2014

Click here for this week's charts.

This week’s powerful interview:

Spencer McGowan interviews Director SMU O’Neill Center Dr. W. Michael Cox

What did the recent European Central Bank actions mean for investors?

Dr. W. Michael Cox
Director SMU O’Neill Center for Global Markets and Freedom
Former Chief Economist Dallas Federal Reserve
Author “Myths of Rich and Poor”

 

 

 

ECB

Super Mario Dragi announces that European Banks will now be charged for maintaining reserve deposits with the ECB, -0.1%, and then lowers the interbank posted borrowing rate to 0.15%. The move appears to be designed to motivate the banks to make loans to the private sector. Unicredit (Italy) and Banco Santander, (Spain) moved higher on the day of the announcement by over 1% and contributed to a year to date gain for the Euro Stoxx index of over 5%. The implications for investors is a signal that the ECB is pro growth and calling into question the long held convictions that global interest rates would have to rise.

MGAM Long Term Investment Themes

  • Energy
  • Infrastructure
  • Water
  • Healthcare and Wellness
  • Emerging Market Ascendancy
  • Real Estate

Planning Tip of the Week

Be careful not to take on more risk in your portfolio than you are comfortable with. If you do, you may succumb to panic selling should a downturn happen.

This Week’s NWR Package Includes:

Market Commentary

Investment Information

  • Cash Flow Strategies
  • Candidate List
  • Dividend Report

To receive the entire package, please call our office at (214) 720-4400 or click/touch here to Request a NetWorth Radio Package.

The Next Step

To schedule your 2014 planning session, call (214) 720-4400 or Set an Appointment. Complete our questionnaire to start your plan with specific insights and recommendations and performance tracking. For more information on our performance tracking software, visit Advent.

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McGowanGroup andSpire only transact business in states where it is properly registered or notice filed, or excluded or exempted from registration requirements. Follow-up and individualized responses that involve either the effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, as the case may be, will not be made absent compliance with state investment adviser and investment adviser representative registration requirements, or an applicable exemption or exclusion.