Crude’s fall from grace a buying opportunity?

October 3rd, 2014 by

Lee Munson, Chief Investment Officer of Albuquerque based Financial Planning firm Portfolio Wealth Advisors is asked to explaine how to take advantage of the drop in oil – and how to avoid misinterpreting the move.

“This is about the Fed messaging to the market that we’re not going to get any inflation.”

Lee Munson suggests looking at asset classes that have made a major downward move and have positive expected return going forward. Emerging markets and REITs are prime candidates to rebalance in a well diversified portfolio. Or, to sum it up in a sound bite:

“Look at things that got hit recently and go make some money.”

If you would like to have a more meaningful conversation with Lee Munson to discuss how to retire and stay retired, reach us at 505.884.3445 or contact Lee Munson directly at

Why Buy Emerging Markets? Inflation!

October 3rd, 2014 by

Maria Bartiromo asks Albuquerque Financial Planner and Market Expert Lee Munson why investors should own emerging markets. Avoid making the mistake of hedging inflation with the wrong tools.

“There is little reason investors should own gold when emerging markets stocks correlate with commodities and inflation. But, emerging market stocks earn money, own real assets, and often pay dividends. Plus, over time emerging markets have higher expected returns than US domestic stocks because of the added political risk.”

If you want to learn more about how Portfolio Wealth Advisors can protect our retirement from inflation, call us at 505.884.3445 or reach Lee Munson directly at

Munson says there’s bigger problems with CSCO

October 3rd, 2014 by

Albuquerque Financial Planning expert Lee Munson is asked his opinion on CSCO, John Chambers, and Silicon Valley by Jeff Macke from Yahoo’s The Breakout.

“we still have problems in Silicon Valley. We still have issues with shareholders rights. We saw it with Alibaba, we’re seeing with Google and this is just another systemic issue,” Munson says, adding, “you can’t get these people out.”

“We always like to talk about shareholder rights. That’s not really something that’s discussed in Silicon Valley.”

For more information oh how Portfolio Wealth Advisors can help you retire and stay retired – reach us at 505.884.3445 or contact Lee Munson directly at

Financial Services Roles Need Redefining

September 15th, 2014 by

The Suit Magazine interviews Financial Expert Tracy Ann Miller, CEO of Portfolio Wealth Advisors. For the full interview click here and here to see the print version.

Tracy The Suit

“It is an idea that has a lot of merit, but also has a lot of difficulties,” Miller said, noting that much of the difficulty comes from within the industry itself. “The industry needs to put aside its differences and step up and do what is right for our individual clients.”

A longtime veteran of the financial services industry, Miller is asked her opinion on the jargon that plagues the industry.

“All of these terms can relate to the exact same activity in any given instance, so it is no wonder people are confused. From that point of view, establishing a national uniform fiduciary standard might make sense and clear things up,” Miller pointed out. “There simply is too much jargon in our industry that our clients do not understand. If we don’t work on cleaning that up, we are not going to make any progress.”

If you would like more information on how Tracy Ann Miller can help you retire and stay retired, reach her at 405.917.5309 or

CNBC asks Lee Munson: Buy the Dip?

September 2nd, 2014 by

Albuquerque financial expert and money manager Lee Munson is asked his opinion by Elizabeth Schulze from how to buy on the dip. Here is the link and an except of the interview:

“You are rewarded by taking on uncertainty,” Portfolio Wealth Advisors CIO Lee Munson said. “You do not make money by getting rid of uncertainty. So you want to look at buying the dips or rebalancing the dips as ‘if I get rewarded for taking on uncertainty risks, then why on earth would I want to spend much time not taking on uncertainty risk?’”

Munson said investors who have globally diversified portfolios, including stocks and bonds, are positioned to take on a market correction. When it comes to investing in individual stocks, he said it is important for investors to “do their homework.”

“Set the price and the position size,” he said. “At what price will I buy, how much of my portfolio will I dedicate to it, and am I going to buy all at once or am I going to buy multiple times?”

If you would like more information on how Lee Munson and his team can help you retire and stay retired – call us! Reach us at 505.884.3445 or Lee Munson really does talk to people one on one and will help you invest for today and plan for the future.

What kills a bull market?

August 29th, 2014 by

CNBC’s Steve Liesman, and Lee Munson, Portfolio Wealth Advisors CIO, discuss how the Fed has impacted asset prices and if exiting QE will freak the stock market.

“Business cycles don’t die on their own, the Fed kills them.” Munson had strong words for those that suggested this business cycle is ready to end. “We don’t have a crystal ball anymore than the next person. You invest for today and plan for the future.” Discussing how client’s should be more mindful of their overall plan than trying to time the market based on what the Fed may or may not do could damage your financial health. “Right now we have inflation under target and slack in the labor market. With no clear signs of wage inflation, there is no reason to jump off the ship just because we know eventually the Fed will raise rates. We know cute babies turn into teenagers, but that is not a reason to avoid having children.”
When asked about the Fed hawks that appear to be breathing down Fed boss Janet Yellen, Munson was pretty clear. “A few Fed members that are trying to get the keynote speech at a Rotery meeting is different than actual change in policy. Don’t let the hype fool you.”

For more information on how Portfolio Wealth Advisors can help you plan for your retirement, call us today at 505.301.7399 or reach Lee Munson at

Portfolio Wealth Advisors honored as fastest growing companies 2014

August 15th, 2014 by

This week Portfolio Wealth Advisors was honored as one of the fastest growing firms here in Albuquerque. This year the requirements to be eligible for the increased from growth of 25 percent or more to 30 percent. Portfolio Wealth Advisors was an honoree in 2013.

Albuquerque Business First Publisher Ian Anderson said the high number of eligible businesses and the stiff competition for fastest-growing company are good signs for the future of business in Albuquerque.

“Growth is back,” he said. “These companies are driving economic development firsthand, right here in New Mexico. They are increasing our tax base, creating jobs and spurring innovation, all while facing the headwinds and uncertainty of the last three years.”

President and Chief Investment Officer, Lee Munson, responded to the ranking. “The quality of growth going forward is our top priority. While there has been demand for outside advisors to join our firm, most don’t fit our vision. Once those that didn’t fall ino our vision were able to move on, growth actually increased and our internal happiness gauge went up. This has led to higher client satisfation and the ability to invest more capital in people and technology that delight our clients.”

If you would like to learn more about how Portfolio Wealth Advisors can help you retire and stay retired, call us at (866) 222-4391 or email us at

2014 Fasets growing AVQ

Importance of Planning I Portfolio Wealth Advisors I Tracy Ann Miller I Lee Munson

August 14th, 2014 by

Portfolio Wealth Advisors Senior Managing Partners, Lee Munson and Tracy Ann Miller, discuss the importance of planning.

On our website in all of our marketing stuff we have this tag line, “The plan is everything; the plan is useless.” What does this mean?
First of all the phrase is “Plans are useless, but planning is indispensable.” This goes back to our active/conservative investment style. If we are not actively helping clients with their planning process all the time, what is the use of having a plan?
So basically, we have to really paint the picture and differentiate ourselves from all the competition that is looking to sell a product or single solution. We have to say stop, lets figure out what it is you need to have done, and then what ever that is, we go 110% into it.
That is how we create calm and clarity out of chaos. Our clients love it!

Learn more about how Portfolio Wealth Advisors can help you secure your financial future so you can retire and stay retired – reach us at (866) 222-4391 and

St. John’s College breeds money managers and fine wine

August 9th, 2014 by

sjc books

Albuquerque Wealth Consultant and founder of Portfolio Wealth Advisors, Lee Munson, reflects on his alma mater Saint John’s College in Santa Fe.

Here is a link from a Washington Post article that was published this week that discusses why St. John’s College is a crucible of winemakers including one of the most famous in Napa Valley history and founder of Stag’s Leap, Warren Winiarski.

“One thing that people ask me what kind of education I received to do the type of math and finance heavy work my job requires. Sure, I and a Chartered Financial Analyst charter holder and a Certified Financial Planner. However, that was mostly post-graduate level training that happened years after I was already in the business. The real education, outside of my New York City days on Wall Street, came from St. John’s College. For those that are unfamiliar with the college should take a moment and read this fascinating article that describes some of the most famous figures in Napa Valley – all that came from my college.”

Lee Munson is not new to the fascination with his relatively unknown school. Back in 2000 he was interviewed alongside such investment titans like Charlie Munger of Berskshire Hathaway. The book was titled Latticework, by Robert G. Hagstrom. Hagstrom also authored The Warren Buffet Way and The Warren Buffett Portfolio. An excerpt of Munson’s interview is below:

“My education at St. John’s gave me a sense of perspective, a broader view of the world. It was very clear that to be successful, I would have to consider all the possibilities, not just the tunnel vision you get from the standard finance classes. As a trader I rely on the idea that I’m seeing the same pattern over and over again; it may look somewhat different, but it’s really all the same thing. I have a much better perspective than people who think this is the first time these things have happened.
“At business school they teach you things – formulas, theorems, charts. But that’s just punching in numbers in a calculator. What’s worse, you learn just one way to do things, and then you can’t change your thinking fast enough to keep up with the market. Of course it’s important to do all the research, and do it thoroughly, but after that, don’t just look to the market or the industry itself to help you with your decisions. Look outside, at the broader picture; that is what lets you think freely. If you don’t know how to think, you’ll always lose money.”

Not bad for a 20-something working on Wall Street during a time when irrational exuberance was taking hold of markets during the boom and bust. These words still hold true for Munson and the philosophy of the firm.

If your would like more information on how Portfolio wealth Advisors can help you retire and stay retired by taking a bigger picture approach reach us at (866) 222-4391 or

McDonald’s faces problems, avoid individual stocks

August 8th, 2014 by

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Albuquerque financial advisor and market expert Lee Munson is asked to appear on CNBC’s closing bell to discuss the agony and ecstasy of owning individual stocks. As founder and Chief Investment Officer of Portfolio Wealth Advisor Munson is asked why he doesn’t like the stock. Discussing ugly sales data from McDonald’s in July, with Kevin Caron, Stifel Private Client Group, and Lee Munson, Portfolio Asset Management CIO.

“McDonald’s was one of the only stocks in the Dow Jones Industrial Average along side Wal Mart to go up in 2008. The market knew that there would be poor people out of work living off of the dollar menu. Fast forward to today and every person that gets a new job is asking why they would ruin their health eating this crap.”

Munson believes that to buy McDonald’s now is speculating on the business cycle. “If I wanted to speculate, versus invest, I would need to see it real cheap, like Russia right now – totally out of favor.” Furthermore, the improving economy is leading some to upgrade. “Who wants to buy a McCafe or a premium salad when they can spend a few bucks more and go to Starbucks or Panera.”

The bottom line is that individual stocks are a lot of work for not much extra gain. Plus, you have to be right all the time.

If you want a more sensible approach to investing, call us today at (866) 222-4391 or reach us at

After the interview Munson commented “I love the energy of Closing Bell. There is nothing better than talking shop on a Friday afternoon. Plus, it gets me out of the office so I can listen to the radio with the sunroof down. It’s just what I need to let my mind relax and think. Also, you get to meet new people that reach out after seeing one of my appearances. The connection with the viewers is worth putting on the make-up and a coat and tie. But rest assured, that tie and coat come off before I leave the studio.”

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