Tag Archives: wealth managers

Are we in a Recession?

Posted December 8, 2011 by admin. tags:Tags: , ,

 

Some people say we are currently in a recession. Others say we aren't… 

Watch this short video to learn Paragon's wealth managers thoughts on being in a recession. 

What do you think? We'd like to hear your feedback. 

This video was filmed on Nov. 30, 2011.

Disclaimer
Paragon Wealth Management is a provider of managed portfolios for individuals and institutions. Although the information included in this report has been obtained from sources Paragon believes to be reliable, we do not guarantee its accuracy. All opinions and estimates included in this report constitute the judgment as of the dates indicated and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results.

Happy Thanksgiving!

Posted November 25, 2010 by admin. tags:Tags: , , , , ,

Happy Thanksgiving! We hope you enjoyed your holiday with family and friends.

Every November we celebrate our anniversary. This year we are thankful for being in business for 24 years. To celebrate our anniversary this month, we will launch our new website on Monday, November 29 and start a new show on Paragon TV. Below is the first Paragon TV show. Let us know what you think!


 

 

Paragon cannot guarantee the accuracy of information from other sources. Opinions are as of the dates indicated only. This report is not a solicitation for any security. Past performance is not a guarantee of future results. Investments in securities involve the risk of loss. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax advisor and should only be used in conjuction with his/her advice.

 

Advice on Investing in Long-term Bonds

Posted November 11, 2010 by admin. tags:Tags: , , , , ,
Climbing a mountain


photo by Shutterstock

Although bonds have become popular the past two years, our wealth managers advise investors not to put their money into long-term bonds because we believe investors could be hurt significantly if rates increase.

“It is our opinion that bond investors will be the next group of investors to get hurt,” said Dave Young, President and founder of Paragon. “In the 2000 bear market, stock investors got crushed. Then, many of those same investors moved to real estate for protection and got beaten up again in 2008. Treasury bonds performed well the entire time. As a result, since the beginning of 2009, investors have put a net $620 billion into bond funds while they have withdrawn $100 billion from stock funds. This has pushed rates to all time lows.”

Our portfolio managers claim that the current quantitative easing by the Fed may temporarily slow down increasing rates, but it won’t stop them.

“Many bonds do not have near enough return to compensate for their downside risk,” said Nathan White, Paragon’s Chief Investment Officer. “With interest rates so low, we believe that investors will not find the safety or the returns they seek in most bonds.”

Nathan said bonds have been in a 30-year bull market, which lulled investors into a false sense of security.

“Going forward, the returns that people will likely see in bonds will be very low at best or sharply negative at worst,” said Nathan. “Unfortunately for bond investors, we believe it could be the negative scenario.”

We advise investors to be aware of the maturities and quality of their bond holdings. We encourage investors to consider shortening the maturity of their bonds and adding high quality dividend stocks as an alternative.

About Paragon Wealth Management
Paragon Wealth Management is a wealth managementfirm that actively manages all types of traditional and retirement accounts such as IRA and 401(K) rollovers, and pensions and trusts. Paragon is a registered investment advisor and has fiduciary responsibility. Paragon received the Best of State Award in Financial Services in 2008, was listed on Wealth Manager Magazine’s Top Wealth Managers List in the U.S. in 2008, received the Small Business of the Year Award in 2008, and was listed on WealthManagerWeb’s Top Wealth Manager’s list in 2010.
Paragon cannot guarantee the accuracy of information from other sources. Opinions are as of the dates indicated only. This report is not a solicitation for any security. Past performance is not a guarantee of future results. Investments in securities involve the risk of loss. Do not rely upon this information to predict future investment performance or market conditions. This information is not a substitute for consultation with a competent financial, legal, or tax advisor and should only be used in conjuction with his/her advice.

Dave Young Gave Investment Tips on PCTV

Posted October 7, 2010 by admin. tags:Tags: , , , ,


 

Dave Young, President and founder of Paragon Wealth Management, was a guest on Park City TV's Mountain Morning Show a few weeks ago. 

Karilyn Frazier, Park City TV's Mountain Morning Show Host, asked Dave several questions about where investors should put their money and which markets are doing well.

"At Paragon we make our decisions based on our quantitative models," said Dave. "Currently, Brazil, China, and the Pacific Rim are showing a lot of strength in our models. We suggest investors talk to a financial advisor before making decisions on where to put their money in the stock market."

Karilyn also asked Dave what investors should do if they have $100,000 and are not sure what to do with it. She asked Dave if investors should put their money in a CD.

"Each investor has a different situation," said Dave. "At Paragon, we determine each investors' risk tolerance level, their goals and objectives, and then help them create an investment strategy that is right for them. If five people came to us with $100,000, we would help each person differently."

Dave said if investors determine their risk tolerance and goals and objectives properly, they will be able to stay invested for the long-term.

Paragon Wealth Management is a provider of managed portfolios for individuals and institutions. Although the information included in this report has been obtained from other sources Paragon believes this to be reliable, we do not guarantee its accuracy. All opinions and estimates included in this report constitute the judgment as of the dates indicated and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. Past performance is not a guarantee of future results.

Paragon Included in the NABCAP Premier Advisors List

Posted September 30, 2010 by admin. tags:Tags: , , , ,
NABCAP Logo


Paragon Wealth Management was
notified today that they will be included in the National Association of
Board Certified Advisory Practices (NABCAP) Premier Advisors list in
the November issue of Utah Business Magazine.

“We feel privileged to be included on this list,” said Nathan White,
Paragon’s Chief Investment Officer. “It is an honor to be recognized
among these firms.”

NABCAP is a non-profit 501(c)(3) organization that selects an
exclusive group of advisory firms each year who represent the best in
quality wealth management. They are the first organization to create a
discerning process to help the top quality advisory practices in order
to better serve the investing community.

“One thing that sets us apart from other investment firms is our
unique investment strategy,” said Elizabeth Michalek, Paragon’s Director
of Client Services. “Our wealth managers use quantitative models, which
allow them to act in our clients’ best interest. It removes emotion and
guessing.”

Paragon Wealth
Management
is a provider of managed portfolios for individuals and
institutions. Although the information included in this report has been
obtained from other sources Paragon believes this to be reliable, we do
not guarantee its accuracy. All opinions and estimates included in this
report constitute the judgment as of the dates indicated and are subject
to change without notice. This report is for informational purposes
only and is not intended as an offer or solicitation with respect to the
purchase or sale of any security. Past performance is not a guarantee
of future results.

Historical Data Shows Best Performing Investments After a Recession

Posted September 10, 2009 by admin. tags:Tags: , , , , ,

The latest news from Paragon…

Wealth Management Firm Offers to Help Investors Position Their Portfolios for Recovery

PROVO, UT — 09/10/09 — Paragon
Wealth Management
advises investors to position their portfolio in the
areas of the market that have historically performed well after a recession
and has offered to help by providing complimentary portfolio reviews.

"We pay close attention to the economy," said Paragon's President and
founder, Dave Young. "In July our economic models indicated it was highly
likely the recession ended in June."

Paragon's wealth
managers
have encouraged investors to become fully invested in the
stock market since March of this year. They recommended moving to a fully
invested position when most investors were selling.

"The first and sharpest stage of the market recovery usually occurs right
after the initial market plunge and takes about three to four months," said
Young. "We believe stage one occurred between March 9 and June 30. The
second stage of recovery occurs after the recession ends, which we believe
was around the end of June."

"This difficult market highlights why active wealth management is so important," said Young. "Because market
dynamics are constantly changing and evolving, we believe the best
investment approach is one that actively adjusts, moves and changes based
on market conditions."

Following these strategies from January 1998 through August 2009, Paragon's
growth portfolio has generated a total return of 312.43 percent, net of all
fees. During that same time the S&P 500 posted a total return of 28.51
percent.

Investors can visit www.paragonwealth.com to schedule a portfolio review.

About Paragon Wealth Management

Paragon Wealth Management is a wealth management firm that was established
in 1986. They actively manage all types of traditional and retirement
accounts such as IRA and 401(k) rollovers, and pensions and trusts. Paragon
has fiduciary responsibility. Call 800-748-4451 for more information.


Although the information included in this report has been obtained from
sources Paragon believes to be reliable, we do not guarantee its accuracy.
All opinions and estimates included in this report constitute the judgment
as of the dates indicated and are subject to change without notice. This
report is for informational purposes only and is not intended as an offer
or solicitation with respect to the purchase or sale of any security. Past
performance is not a guarantee of future results.

Investment performance
reflects time-weighted, size-weighted geometric composite returns of actual
client accounts and not back tested hypothetical returns or performance.
Investment returns are net of all management fees and transaction costs,
and reflect the reinvestment of all dividends and distributions. The S&P
Index is a market-value weighted index comprised of 500 stocks selected for
market size, liquidity, and industry group representation.


How are Your investments Doing?

Posted June 12, 2008 by admin. tags:Tags: , ,

At Paragon Wealth Management, we think it is important to publicize our performance numbers on a monthly basis.

Our two most popular portfolios are a conservative portfolio called Managed Income, and a growth portfolio, which is more aggressive, called Top Flight. Our 2008 numbers are listed below compared to their indexes or benchmarks.

                              2008 Performance Numbers

            Managed Income        Lehman B        Top Flight          S&P 500          

Jan-08          -1.31%                     1.68%               -5.26%             -6.00%

Feb-08           0.01%                     0.14%               -0.96%             -3.25%

March-08      -0.16%                     0.34%               -3.08%             -0.43%

April-08         2.19%                    -0.21%                6.8%              4.87%

May-08          1.07%                    -0.73%               3.91%               1.30%

Although, past performance is no guarantee of future results… you may be interested to see our past performance numbers.

                             Paragon’s Track Record

          Managed Income        Lehman B        Top Flight        S&P 500

2008          1.78%                      1.21%               1.01%             -3.80%   

2007          2.24%                      6.96%              16.98%             5.50%

2006          5.73%                      4.33%              5.91%             15.79%

2005          5.72%                      2.43%              6.30%              4.89%

2004         12.81%                     4.34%            10.15%            10.87%

2003       29.55%                    4.10%              50.31%            28.69%

2002         -3.72%                    10.25%             -13.60%            -22.12%

2001       4 Qtr  9.65%          4 Qtr  0.05%          9.10%             -11.92%   

2000              —                           —                  62.42%             -8.82%

1999              —                           —                  17.69%             20.66%

1998              —                           —                  31.67%            28.58%                

Click here to learn more about our investment services or call us at 801-375-2500.


An investor’s actual returns may vary due to timing of withdrawls, contributions and other factors. Past performance is no guarantee of future results. Before investing, contact Paragon to discuss your investment objectives, risk tolerance and fees. Investments in securities involve the risk of loss. The S&P Index is a market-value weighted index comprised of 500 stocks selected for market size, liquidity, and industry group representation. It is not possible to directly invest in this index.
 

Where is the Stock Market Going this Year?

Posted June 10, 2008 by admin. tags:Tags: , , ,
A business on Wall Street

In the past we have written articles about market forecasting. This article was written by Charles Martineau, and it goes right along with our philosophy on marketing forecasting. It was taken with permission from Invest by Simplicity.

“So where is the stock market going this year Charles?”

– I don’t know.

“Why don’t you know? Aren’t you supposed to be one of the top finance students at your university?”

– What do you mean by top? I have good grades, but that doesn’t mean I know where the market will go this year or next year… actually no one can!

“Why?”

– Do you know anyone who can actually predict where the market is going on a consistent basis?

“Well I thought someone could because of all the news on TV, etc… Those stock specialists sound smart, right?”

– Well they need to sound smart, otherwise they don’t get a pay check! I could give you lots of reasons why the market will go up or down by the end of the year.

“No, what do you think?”

– I still don’t know…

“I am confused!”

– PERFECT! Now you understand the market!

“What do you mean?”

– You are CONFUSED! That’s the whole point… the market is simply a weird non-sense confusing thing!

“I still don’t get it…”

– good.

I’ve had this this famous conversation a couple of times with my dad, family, and some school friends.

Everyone needs to realize that no one can predict the market and where it will be by the end of year or the next year or in three to four years.

There are two types of Stock Market Specialists:

1- Some who don’t know where the market will go

2- Others who haven’t realized yet that they don’t know where the market will go

Sounds simple right?

Not really because it goes against human nature for not knowing something. Humans seemed to be programed to find trends where there are actually none.

But why is the market really confusing? I could go into details, but I won’t.

Simply ask yourself:

“What is the market? or Who is the market?”

The population of the world is forming the market and since humans often act in manners that are so unpredictable, how can we predict the market? We can’t!

However, there’s something I can say for sure about “predicting” the market, if you can actually call this a market prediction.

In the past, Bull markets are followed by Bears but Bull periods tend to last longer than Bears… there you go!

Now everyone understands the stock market. Right?

Why Investors Should NOT Listen to Market Forecasts

Posted January 24, 2008 by admin. tags:Tags: , , , , ,
Stock Market Cartoon

Posted by Dave Young, President

A few weeks ago I wrote a post called, “Market Forecasting:  Investors Beware.” I talked about how economists and stock market gurus seem to be consistently wrong, and I provided numerous examples to make this point. In the January 14, 2008 edition of By the Numbers from Direxion Funds, they published a report showing how the forecasters did last year. The year 2007 appears to be a different year, but the same story. One thing the forecasters can claim is consistency because they are consistently WRONG!

* The average prediction made on January 1, 2007 by 58 Wall Street forecasters for the yield on the 10-year Treasury note as of year-end 2007 was 4.88%, an increase of +0.17% over its 4.17% level from December 31, 2006. Instead the actual December 31, 2007 yield did not rise from a year earlier, but fell to 4.02% (source:  BusinessWeek).

* 82% of money managers believed in late December 2006 that long-term interest rates in the US would be “unchanged or higher 12 months later.” The yield on the 30-year Treasury bond was not “flat to higher” but rather declined from 4.81% to 4.45% during calendar year 2007 (source:  Merrill Lynch).

* 56 economists who were surveyed in mid-January 2007 predicted that the average price of oil would be $58 a barrel in the 4th quarter 2007, down $3 a barrel from its $61.05 price of 12/31/06. However the price of oil did not fall but rather rose +57% during 2007, closing last year at $95.98 a barrel (source:  USA Today).

* The S&P 500 was up +9.2% YTD (total return) through Friday July 20, 2007, closing at 1534. The headline in Barron’s over that weekend stated “It’s Still Time to Buy” forecasting an additional +6% rise to 1625 by December 31, 2007. Instead the stock index fell 4.3% to finish 2007 at 1468. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source:  Barron’s).

* As of Labor Day Monday last year (Sept. 3, 2007), there were just four months remaining in the calendar year. The S&P 500 had closed the previous week at 1474. Barron’s asked eighty equity strategists to predict where the S&P 500 would finish the calendar year. Seven of the eight saw a rising stock market by year-end with one prognosticator foreseeing a December 31, 2007 value of 1700. The S&P 500 actually finished the year at 1468. (source:  Barron’s).

Also, from a long term historical perspective here is some more interesting “market forecast” trivia. This is also courtesy of Direxion’s “By the Numbers” publication.

* On the morning of October 19, 1987, the trading day that ultimately resulted in the largest one-day percentage loss in the history of the S&P 500, the Wall Street Journal ran a front-page article with the subtitle “Some Stay Bullish, Believing Downturn is Temporary.” The S&P 500 fell 20.5% that day (source:  Wall Street Journal).

* On August 13, 1979, BusinessWeek ran a cover story titled “The Death of Equities.” The S&P 500 closed at 107 on August 13, 1979. The S&P 500 closed calendar year 2007 at 1468 (source:  BusinessWeek). Apparently equities didn’t die…

* At the close of business on Wednesday October 9, 2002, the S&P 500 bottomed at 777 before beginning a bull market run that gained +101% to peak at 1565 on October 9, 2007, exactly five years to the day after the bear market bottom. The headline in the business section of USA Today on Thursday morning October 10, 2002 was “Where’s the Bottom, No End in Sight” (source:  USA Today).

The moral of the story is that forecasts make interesting conversation and trivia. Just don’t use them to try to make money.

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