Saturday, June 7, 2014

Fw: CONSUELO MACK WEALTHTRACK: A Message from Consuelo, June 06, 2014

------Original Message------
To: MW/AdvisorVille
Subject: Fw: CONSUELO MACK WEALTHTRACK: A Message from Consuelo, June 06, 2014
Sent: Jun 6, 2014 3:13 PM

------Original Message------
From: Consuelo Mack
Sender: Consuelo Mack
To: HOTMAIL
ReplyTo: Consuelo Mack
Subject: CONSUELO MACK WEALTHTRACK: A Message from Consuelo, June 06, 2014
Sent: Jun 6, 2014 2:04 PM

Email not displaying correctly? View it in your browser. June 5, 2014


Dear WEALTHTRACK Subscriber,

With the market setting new records are investors missing a big income opportunity? Say what????  Aren't income producing investments really expensive and yields really low? Well, yes they are which is why one of this week's guests is telling investors to take advantage of income opportunities that are in "plain sight!" 
According to Christine Benz, Morningstar's Director of Personal Finance, income hungry investors should be taking some profits in stocks and using the capital gains proceeds as income, especially retirees. Here's a link to her recent article on the topic.  (May require a free Morningstar account)

Earlier today Benz and I talked on the phone about her favorite retirement strategy, pioneered by financial planning guru and past WealthTrack guest, Harold Evensky. It's called the "bucket approach" and it involves having three investment buckets, one short-term, another intermediate- term and the third, long-term. Benz will explain why she thinks it's an approach that can work well for just about everyone. 

She also makes specific recommendations for each bucket. One of them was Harbor Bond fund, the no-load version of PIMCO's Total Return fund run by legendary bond investor and past WealthTrack guest, Bill Gross. I asked Christine about the controversy surrounding Gross and the underperformance of his famous fund over the past year. 

Here is part of what she said: 

We are not too concerned about the short-term underperformance, even though some of the calls have been off the mark recently. We still think that the resources that you get when you buy a PIMCO fund, particularly a core fund like that are worth sticking with… We've still got PIMCO Total Return as well as Harbor Bond at our highest rating, which is gold. So we are still standing by our recommendation of the funds.    

Premium subscribers can hear the entire interview with Benz starting later tonight. We will also post it in EXTRA tomorrow nig
Sent from my Verizon Wireless BlackBerry

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