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PETERSEN HASTINGS ANNOUNCES

CEO Report: Fourth Quarter

February 8th, 2016
By Jeff Petersen, CEO

As I begin my 30th year at Petersen Hastings, I feel truly blessed by the many relationships that have been formed over the years. Some of these relationships are still relatively new, and some have endured the test of time and extend as far back as 1986. I cannot help but reflect back on what has changed.... Continue reading →

Market Commentary: Fourth Quarter

February 8th, 2016

Have you ever noticed how a newborn’s favorite game is peek-a-boo? Now you see it. Now you don’t. What fun! But somehow, by the time we’re investors, we’ve grown disenchanted with the element of surprise – especially when the “now you don’t” periods last longer than we’d like. In 2015, global markets... Continue reading →

Social Security Changes: Questions Clients are Asking

November 25th, 2015
By Donna Yakawich, Wealth Advisor

There is new legislation that will be effecting Social Security benefits. Some of our clients have been asking about these changes, and we have provided additional strategy reviews. Social Security benefits are an important part of the  total income pictures of retirees. Selecting the correct strategy and the proper time to commence Social Security benefits can mean more monthly income for... Continue reading →

CEO REPORT: Doing the Right Thing

November 19th, 2015
By Jeff Petersen, CEO

MARKET COMMENTARY: Third QTR - Behavioural Finance and the

World Around Us

November 19th, 2015

What Should You Do About the Market?

August 25, 2015
By Jeff Petersen, CEO

The recent stock market volatility may be a little unsettling to some investors, especially for new clients of Petersen Hastings. Even some “seasoned” clients may wondering if this time is “different”. As I complete my 29th year at Petersen Hastings, the one constant has been the regular journeys through both Bull (prices rising) and Bear markets (prices falling). This price volatility has and continues to be important to investors. Smart investors require additional reward for accepting additional volatility. The historical reward for this risk has been significant, with stocks providing approximately 6.5% annual compound return in excess of Treasury Bills from 1926-2014. The additional annual compound return was over... Continue reading →

CEO REPORT: Why Petersen Hastings is a Learning Organization

July 29th, 2015

Most of us are familiar with the quote, “The only constant in life is change”. Our industry is no exception to this quote, which is why Petersen Hastings embraces being a learning organization (yes, curiosity also has something to do with this fact!). Over the past several years, we have adopted developments in research and technology that include advances in portfolio rebalancing, tax management, withdrawal strategies, and Social Security optimization. We have also learned more about generational differences, and how those affect communication, decision-making, and priorities in life. Why are these topics important to our clients... Continue reading →

MARKET COMMENTARY: Second QTR - What We Know

July 7th, 2015

It seems like every year, some sort of financial crisis arises to cause investor anxiety. During the crisis, sometimes investors ask, “How could this have been avoided?” Another question asked to their advisor might be, “What are you going to do about it”?

 

Investors already know that the heightened levels of uncertainty we’re experiencing as a result of the unfolding Greek debt crisis, is the exact kind of market risk that is constantly out there. It’s the kind that drives future expected market returns. It also explains why we urge investors to maintain appropriately diversified portfolios, so their portfolios and subsequent income streams do not take permanent damage whenever various market factors experience their inevitable turns at adversity. To add some perspective, the percentage of Greek equities in our client portfolios is very small; only about .03% of equities and the portfolios do not own any... Continue reading →

A Primer on the Greek Crisis: The Things You Need to Know From the Start Until Now ~ Anil Kashyap (University of Chicago, Booth School of Business)

July 7th, 2015

 

 

 

MARKET COMMENTARY: First QTR

 

February 12th, 2015

Another quarter-end in which the most certain lesson we can draw about the future is that it is difficult to predict.   Last year, client questions were generally around the under-performance of the international stock market compared to U.S. large companies.  So far this year, the international markets are outperforming U.S. large companies, illustrating that diversification is still important.

 

The differential would be even larger if the U.S. dollar was not gaining strength compared to the Euro currency.  For instance, an investment that is made in Euro and converted back to U.S. dollars loses some of its value because purchasing the dollars is... Continue reading →

 

CEO REPORT: James T. Petersen

February 5th, 2015

By Jeff Petersen, CEO

With the recent passing of my father, these past several weeks have been difficult for both our family and the Petersen Hastings team. These past several weeks have also been very heartwarming; as there has been outpouring support from so many of our clients. Our family is appreciative and thankful for all of the cards, flowers, letters, e-mails, participation in Dad’s Celebration of Life and reception, and the many kind and thoughtful comments about Dad... Continue reading →

Do Not Abandon Your Diversified Strategy

February 5th, 2015

2014 may go down in financial history as the year that a lot of things didn’t happen for investors. For example, despite numerous nervous headlines that it might be best to prepare for the worst, there was no universal stock correction. And despite Federal announcements on tapering quantitative easing in the U.S., there was no major slump in the bond markets.
 
Another non-event for globally diversified investors was that we were not rewarded with higher annual returns relative to a concentrated, stay-at-home position. Large U.S. companies happened to enjoy a remarkable, double-digit year, even as other markets experienced negative to ho-hum results, especially for international, emerging market... Continue reading →

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