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.
A couple of weeks ago I got a call on my radio show about Qualcomm, which had just taken a small beating in the stock market after reporting earnings. The numbers, as I reviewed them, looked pretty good but, as I always say, you have to understand the business. There were some items that Qualcomm brought out that could be a problem for the company in the future.
I have been managing money for more than 30 years now. One thing that comes up every once in a while is clients who have a direct stock purchase plan or a dividend read investment plan, also known as DRIPS.
Well, we made it through October, probably one of the most hated months of the year in the stock market, but as I said earlier, it gets a bad rap.
After last week’s column and my comment on the markets not being too volatile in October, we’re halfway through the month and it has been very volatile.
Here we are in October and the market is up and down. It feels kind of scary, a little scarier than Halloween.
Last Friday, we had a good jobs report released. Before I talk about the employment numbers, let me comment on the participation rate, which is down to lows not seen since the late 1970s.
The stock market has been seesawing recently and investors seem to have become complacent. Remember: The stock market does go down and there is no reason for panic that there will be a big drop soon.
The dollar has shown signs of strength recently as the world sees our economy improving.
The buzz on Wall Street lately is about corporate inversions -- when U.S.-based companies merge with foreign companies to take advantage of lower corporate taxes.
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.