Brent M. Wilsey is a highly regarded registered investment advisor and a seasoned financial strategist with over 25 years experience in the field. Wilsey currently owns and operates San Diego-based Wilsey Asset Management through which he offers day-to-day investment guidance to both individual investors and corporations. All of Wilsey’s client relationships are grounded in an exemplary service philosophy. Wilsey has also served as an Accountant for Foodmaker, Inc., a Registered Representative for the Principle Financial Group, and as an Investment Director for Pamco Securities in the mid-80’s. In the latter role, Wilsey was among the first in Southern California to provide investment services within a banking environment, having invested and managed an average of nearly $45 million for Great American First Savings Bank. He worked in this capacity until opening his own LPL branch office in 1992. Wilsey’s industry expertise and credibility has made him a sought after expert source, having served as a guest commentator on numerous broadcast television and radio talk shows including a frequent guest on CNBC and called upon from such names as Barron’s, Business Week and Forbes for Brent’s input on columns. Currently, Wilsey hosts AM760 KFMB’s weekly Smart Investing show, providing listeners with fundamental analysis on stocks and mutual funds, along with other investment tips. In addition to his radio duties, Wilsey pens a weekly article for the San Diego Daily Transcript that focuses on the fundamentals of investing.
An accounting graduate of National University, Wilsey received his MBA degree from the same institution in 1986. His various licenses and designations include a Life and Health Insurance License, and Series 7 NASD Registered Representative and Series 24 NASD Registered Principal designations (Licenses held with LPL). For two year, Wilsey has earned the Five Star Wealth Manager Award. In 2010 he was names Top Influential in Business in San Diego. He currently resides in Poway, California with his wife and their four children.
Well it’s mid-August, and that means kids are going back to school. I know many parents are happy about getting the kids out of the house, but money will need to be spent on pens, notebooks and making sure kids show up to school in the latest styles.
I continue to see TV commercials by insurance companies about how safe their annuities are.
The stock market had some troubles last week with some global concerns in Russia and Argentina. Economic data overall looks pretty good with the gross domestic product, or GDP, gaining 4 percent in the second quarter. This far surpasses the estimate of 3.1 percent; also, the first-quarter GDP was raised to -2.1 percent from -2.9 percent.
I have heard many people say “Invest in what you know and what you love.” While I think that may be a good place to start, it may not be the best overall investment strategy.
Last week, the Dow Jones saw another new high. While some companies are very pricey, there is data showing there is more left in upside potential to come. Investors need to be careful what they buy.
Despite the market decline last week, there was some great economic news that was positive for long-term investors.
Last week, the U.S. came up with new oil export rules that perhaps will allow us to export oil for the first time in 40 years. It was in the 1970s, during the oil embargo, when oil was going crazy. And that’s when the exportation of U.S. oil stopped.
As the market goes up week after week it becomes harder to find good buys. I’m not saying that there are no good buys, but now is when years of experience really pay off.
I’m getting more questions from people wondering whether we are going to have a correction.
There are many places one can look to find a company to invest in, and one of those places may be the company you -- or your friends or relatives -- work for.
Here we are in the first week of June, and I’m sure you know what that means: We receive the employment situation report from the government Friday.
I have written in the past about non-publicly-traded REITs (Real Estate Investment Trusts) and they are probably one of the most legally abused investments that investors fall prey to.