Silver prices have risen more than gold prices and stock prices over the past 10 years. Silver is seen as an alternative investment during times of economic uncertainty like the current issues with sovereign debt in Greece, Portugal, and Ireland. While rising precious metals prices and debt problems are interesting to financial professionals, they can also impact everyday investors which is why advisors are trying to profit from these situations and protect clients.
2. People who stay up-to-date on current events through regular reading and watching the news can guess what is likely to happen about as accurately as the experts quoted in the papers and on the news shows.
3. Experts tend to fall in love with their ideas and display a double standard, i.e., they accept information that supports their position much more easily than information that contradicts their position.
4. After the fact, experts tend to claim a higher degree of accurate forecasting than they actually achieved.While experts may not be so “expert” after all, there is hope. Tetlock discovered that when it comes to making predictions, it’s better to know a little about a lot than a lot about a little. He said people who had a broad understanding about many things tended to be more flexible and willing to stitch together diverse information to reach an opinion. By contrast, experts tended to try and expand their deep expertise in one area into other areas that were not really relevant. <br />In other words, be well-read… like Leonardo da Vinci.<br />Weekly Focus – Think About It <br />“Each man should frame life so that at some future hour fact and his dreaming meet.” <br />--Victor Hugo <br />Best regards,<br />Jim Hyre, CFP®<br />Registered Principal<br />P.S. Please feel free to forward this commentary to family, friends, or colleagues. If you would like us to add them to the list, please reply to this e-mail with their e-mail address and we will ask for their permission to be added. <br />Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC.<br />* The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.<br />* The Dow Jones Industrial Average is a price-weighted index of 30 actively traded blue-chip stocks. <br />* The NASDAQ Composite Index is an unmanaged, market-weighted index of all over-the-counter common stocks traded on the National Association of Securities Dealers Automated Quotation System. <br />* Gold represents the London afternoon gold price fix as reported by www.usagold.com.<br />* The DJ/AIG Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.<br />* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.<br />* The DJ Equity All REIT TR Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones<br />* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.<br />* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. <br />* Consult your financial professional before making any investment decision. <br />* You cannot invest directly in an index. <br />* Past performance does not guarantee future results. mc101507<br />* This newsletter was prepared by PEAK for use by James Hyre, CFP®, registered principal<br />* If you would prefer not to receive this Weekly Newsletter, please contact our office via e-mail or mail your request to 2074 Arlington Ave, Upper Arlington, OH 43221.<br />* The information contained in this report does not purport to be a complete description of the securities, markets, or developments referred to in this material. 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