Posts By "Michael Devers"

To underscore what I posted previously about innovation – this clip is from just 17 years ago. Enjoy!

We proudly take on the responsibility to share information that many are missing and show them how to properly act on it. In America’s top industries – medical, information technology, transportation, defense and more – ground-breaking innovation is the norm. The financial industry is no stranger to this, however, many are not aware of the powerful strategies that now exist and allow you to achieve opportunity and safety on the same dollar at the same time.

The U.S. stock market today showed how nervous and fragile it is as riots in Egypt triggered a sell-off of 166 points (1.4%) on the Dow, 23 points (1.8%) on the S&P 500, and a breath-taking 2.5% (68 points) on the NASDAQ.

That’s the story the press is going with, at least. I follow all three indexes and how they compare to where they were in the year 2000 (the day of week and dates conveniently match up), and I noticed an even bigger sell-off occurred on the same day 11 years ago. Let’s look at the DJIA numbers:

The next great financial crisis is well on its way. States from East to West and all points in-between are facing budget shortfalls and entitlement obligations that are unsustainable.

Included here are some recent stories regarding the looming financial crisis States in the U.S. face in 2011.

Devers Financial Group will be hosting 2 Highly Educational Dinner Seminars in New Braunfels this month. The seminar includes a free dinner. Please contact us if you are interested in attending. Seminars are in the evening October 21 & 26.

Surveys say that Americans now fear outliving their savings more then death.

Boston College’s Center for Retirement Research has conducted a study into American’s retirement funds.  They found that Americans are $6.6 trillion short of what they need to retire.  The major source of this savings squeeze is largely due to declines in stock and housing values.  Click here for the full story from CNBC.  This article continues on to tell us that “Milliman Inc., a Seattle-based actuarial and consulting firm, reported this week that the funded status [...]

The PEW Center on the States has an important study that shows many states’ pension liabilities as underfunded according to the data available.  The study shows that many of these states were fully funded as recently as the year 2000.  The current levels have created a $1 trillion gap between what has been promised and what is currently set aside.  Click here to see the full study. Everyone will be affected by these underfunded pensions [...]

High unemployment is threatening your benefits and its going to get worse before it gets better View this powerful video that shows our country’s employment decline.  It begins in January 2007 and forwards through May 2010.  With less people working and paying taxes on that income, how will the government continue to pay for the many benefits it has promised?  Social Security, Medicare and even the market are greatly impacted by continued high unemployment.  Contact [...]

More and more corners of the financial markets are recognizing the poor underlying fundamentals of the markets. With the Dow closing below 10,000 today, the red flags are going up all over the place.

Earlier today, the folks over at Yahoo Tech Ticker looked at the Hindenburg Omen – a technical indicator that has been roughly 25% accurate in predicting big market upheaval since 1987.