News & Releases
New!
- Harrisonburg, VA - January 15, 2010 GOOD WEALTH MANAGEMENT, an Independent Financial Advisory Practice, is pleased to announce the release of Ed Good’s latest commentary: A Look Back at the Decade of the 2000s - A Look Forward to the 2010s . In this document, Ed Good shares his point of view about the economic and market ewnvironment over the past decade:
• Buy and Hold? During the period 12/31/99-12/31/09, the performance of the S&P 500 Index was -9.10%, and many blue chip stocks also lost value during the decade.
• Traditional Portfolio? Bonds and emerging markets have provided good returns as have Alternative Investments, during the same period.
• Best-performing US stock in the decade. A small company that sells diet products and runs weight-loss centers. This goes to show you that even during a decade like the 2000s, it paid to bet on dieting in America as a growth industry!Keep your eye peeled, but in this economic feel-good time before the storm, invest in a fairly normal allocation. The world of make-believe growth based on money from Washington may keep stock prices and other assets at price levels higher than some expect. It may still be okay to “rent” the current stock market rally. (Download the PDF document now ) - Harrisonburg, VA - December 23, 2009 - LPL Financial, GOOD WEALTH MANAGEMENT’s Broker Dealer, released today its “OUTLOOK 2010, From Tailwinds to Headwinds.” “As 2010 gets underway, the markets are likely to continue to perform as well as they have through the latter part of 2009. However, following a solid start, we expect a challenging second half of 2010. We anticipate the extraordinary global policy efforts that created a tailwind for markets in 2009 will fade, or even transition, to headwinds that may contribute to a renewed slowdown in the economy and a potentially challenging latter half of 2010 for investors.” (continue reading the pdf version)
- Harrisonburg, VA - November 5, 2009 - GOOD WEALTH MANAGEMENT, an Independent Financial Advisory Practice, released today its 2009 - Third Quarter Commentary.
• Recession. According to LPL Financial, the recession, which began in December 2007, most likely ended in late Q2 2009 or early Q3 2009.
• Unemployment. The US economy lost another 263,000 jobs (in September) and 190,000 (in October). The unemployment rate rose to 9.8 percent (in September) and 10.2 percent (in October) –according to the Bureau of Labor Statistics of the U.S. Department of Labor.
• Inflation. Despite current Monetary and Fiscal policies, we do not expect inflation will be an issue in the short term. We still see deflationary conditions.
• Market Barometer. Despite the S&P’s performance this year, we continue to think that the current environment will not reward a simple buy-and-hold approach. (continue reading the pdf version) - GOOD WEALTH MANAGEMENT ADVISORS ATTEND LPL FINANCIAL 2009 NATIONAL CONFERENCE - August 26, 2009 - Edwin Good and Daniel Uribe recently attended Focus09, a leading financial services industry conference hosted by LPL Financial, the nation’s number one independent broker/dealer.* (*Based on total revenues, Financial Planning magazine, June 1996-2009)
- LPL Financial Advisors Ranked #1 in “Client Satisfaction with Advisors” in 2009 J.D. Power Study, - August 17, 2009. -We are proud to announce that LPL Financial advisors obtained a #1 ranking in the key category of “Client Satisfaction with Advisors” in the 2009 J.D. Power Full Service Investor Satisfaction Study. LPL Financial ranked #2 in the overall ranking. This important industry survey of investors clearly demonstrates the value LPL Financial advisors provide to their clients, as well as the value these investors place on the delivery of independent and objective advice. (read the report in pdf)
- Good Wealth Management’s President awarded top performer distinction - Harrisonburg, VA - April 22, 2009 – For Immediate Release. Good Wealth Management, an Independent Financial Advisory firm based in Harrisonburg VA, announced today that Edwin Good, President of Good Wealth Management was named to the LPL Financial Chairman’s Club. This prestigious status, based on a production ranking of all nationwide registered advisors at LPL Financial at year end 2008, is reserved for top achievers and represents less than 6% of the 11,887 financial advisors that LPL Financial supports.**
- “Roadmap to Stock Market Investing” discusses short-term, intermediate-term and long-term stock market outlooks based on past and current market conditions. The author received an MBA from Georgia State University and completed the Chartered Financial Consultant professional designation from the American College.
Held in San Diego August 16 -19, Focus09 was one of the industry’s largest gatherings of independent financial advisors to date, and remains the industry’s premier sales and education event. (continue reading the pdf version)
“The Chairman’s Club advisors are among the premier independent financial advisors in the industry,” said Bill Dwyer, president of LPL Financial Independent Advisor Services. “They serve as trusted resources and counselors for their clients and their communities, particularly in an economically challenging environment.”About Good Wealth Management:Headquartered in Harrisonburg VA, Good Wealth Management provides conflict-free financial planning services, independent investment advice and asset management services to over 200 families clients in 17 States. The team includes Edwin L. Good, President, Daniel O. Uribe, Financial Advisor, and David L. Secrist, Financial Advisor. (Continue Reading)
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Good Wealth Management’s Quarterly Commentary
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- Third Quarter 2009 - Commentary (November 5, 2009) (click to read pdf); According to LPL Financial, the recession, which began in December 2007, most likely ended in late Q2 2009 or early Q3 2009. Despite current Monetary and Fiscal policies, we do not expect inflation will be an issue in the short term, we still see deflationary conditions.
(continue reading the pdf version)
- Second Quarter 2009 - Commentary (July 22, 2009) (click to read pdf); The US economy lost another 467,000 jobs in June and the unemployment rate rose to 9.5 percent –according to the Bureau of Labor Statistics of the U.S. Department of Labor. (continue reading the pdf version)
- First Quarter 2009 - Commentary (April 27, 2009) (click to read pdf); The duration of the last big recession (1982) was 16 months. So far, the current recession (which started in December 2007) has reached a similar duration — 16 months. The US economy lost another 663,000 jobs in March, and the unemployment rate rose to 8.5 percent –according to the Bureau of Labor Statistics of the U.S. Department of Labor.(continue reading the pdf version)
- Fourth Quarter Commentary (January 28, 2009) (click to read pdf); The Dow Jones Industrial Average touched 7,552.29 on November 20, 2008. The market weakness observed over the first half of January raises some concerns. As investment advisors we will continue to diversify into non-stock market assets and remain cautious. As we said last quarter, we continue to look for asset classes that offer potential positive returns, use money managers that are controlling risk in this kind of market, and remain poised for a more aggressive investment position when opportunities arise as a result of market declines… (continue reading the pdf version)
- Third Quarter Commentary (October 10, 2008) (click to read pdf); Beginning in October 2007, the US stock market has declined for four straight quarters. In the recent quarter we saw breathtaking daily surges and plunges — including the DOW’s record-breaking one day decline of 778 points on Monday, September 29… (continue reading the pdf version)
- Read our commentary: “Roadmap to Stock Market Investing,” by Edwin L. Good, ChFC, MBA.
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