Are Emerging markets a better hedge against inflation than gold?

July 28th, 2014 by

Fox Business Network’s After the Bell w/ David Asman & Liz Claman asked financial expert and wealth consultant Lee Munson his opinions on how to hedge inflation. As founder and Chief Investment Officer of Portfolio Wealth Advisors, Mr. Munson was asked about the best way to hedge inflation. “Not many people know that gold and emerging market stocks have a strong correlation with each other. The difference being emerging market stocks earn cash flow, some pay dividends, and today have cheaper valuations that gold. Let’s be honest, stocks represent companies making things and gold just sits there looking pretty.”

Watch the interview here.


If you want to know how to secure your financial future – no matter what the market or your personal situation throws at you – call us! Lee Munson can be reached at 505.884.3445 or

We can help you retire and stay retired.



Lee Munson reflects on Ace Greenberg and Bear Stearns

July 28th, 2014 by

Financial Advisor and investing expert, Lee Munson, was interviewed and referenced several times after the news that Ace Greenberg had passed away last week. Munson, founder and President of Albuquerque, New Mexico wealth consulting firm, Portfolio Asset Management, had only positive things to say about his interactions with Ace Greenberg.

From Marketplace interview: As former Bear Stearns trader Lee Munson remembers it, the note said, “You have 50 rubber bands and a box of paper clips, and use them wisely throughout your career at Bear Stearns because you’re not going to get any more.”

Business Insider: Wall Street Legend Alan ‘Ace’ Greenberg Has Died. Read more:

If you would like more information on what Lee Munson does today to help people retire and stay retired, contact us at 505.884.3445 or email Lee directly at




Lee Munson blasts Yellen with Larry Kudlow

July 19th, 2014 by


If you like radio and conversation that lasts longer than a sound bite – check out the half hour market segment on The Larry Kudlow Show this week. You don’t need to turn on your AM radio, just click the link here for the podcast. The segment is 90 minutes into the program, but stick around and keep listening. This is the only place you can hear Larry discuss the top issues where money and politics collide.

Albuquerque wealth consultant and market expert Lee Munson, is asked about the economy, Fed Chairman Janet Yellen’s comments, and what he thinks about higher gas tax. Ironicly, Lee accuses Larry Kudlow and Barry Ritzholz of being east cost liberals with the idea of toll roads or higher use taxes for larger trucks. “You east cost guys just don’t get how things work out here in the west,” Munson said to Messrs. Kudlow and Ritzhoz. In the end we did agree we need better roads to drive on, but a simple gas tax would be more appropriate than more regulation on what you drive or where.

If you would like more information on how Lee Munson and his expert team can help you retire and stay retired, call us today at 505.884.3445 or email lee directly at He returns all emails personally.


E-cig’s: Risks to tobacco bonds and stocks

June 24th, 2014 by

Albuquerque financial advisor Lee Munson is asked his opinions on the rise of the e-cig market. So, why do people care about this? Well, back in 1998 the government came up with a Master Settlement Agreement with big tobacco. Essentially, the tobacco companies floated a bunch of bonds to raise money for the states. You want to keep selling cigarettes? Pay us! It’s that simple. When they did that, it was expected the tobacco sales would decline around 3% a year. Well, e-cig’s are making that number increase. Meaning, less people smoking traditional cigarettes for vapor. If you hold those bonds, you care. If tobacco companies go out of business, you are left holding the bag. Now wait a minute. You want to bet against big tobacco? Not me. Also, many states rely on tobacco revenue to fund their wasteful spending. So, the state doesn’t want people to quit smoking just yet. Now that e-cig’s are cutting into the tax revenue, it is resonable to assume that they will tax it like cigarettes eventually. Don’t think for a minute that big tobacco is in denial of this trend. Once the taxes in place, they will be out there selling their own versions and consolidating the industry. Thus, states will get their money, big tobacco will get their money, and investors will get their money. Sad but true.

Here is a great interview discussing the point on CNBC:

If you would like more information about how we can help you retire and stay retired, reach us at 888.222.4391 or

How Emerging Markets fit into your retirement portfolio

June 3rd, 2014 by

Jun. 02, 2014 – Portfolio Wealth Advisors CIO Lee Munson, is asked by Fox Business News his opinion on emerging markets and how they can help investors plan for retirement. Top financial hosts David Asman & Liz Claman interview Albuquerque financial advisor and market expert Lee Munson to explain where the deep value is in the global stock markets. Now more than ever Mr. Munson’s clients need to seek out returns beyond the US stock markets. International stocks account for over 50% of the global equity markets.

If you would like more information on how Portfolio Wealth Advisors can create a financial plan to secure your financial future – reach us at 888.222.4391 or

Don’t listen to Social Security scare tactics

May 14th, 2014 by

The financial media aren’t your friends.



Every day, there’s something new on the cable channels to scare people. What’s Washington’s next plan for reaching into your wallet? What horrible event will send markets into a nose dive? What surefire opportunity did you just miss?

Scare tactics drive ratings and Web clicks, but the well-coifed TV anchors don’t have any kind of legal, moral or ethical responsibility for your financial health.

When it comes to one of the key components of retirement income, Social Security, you don’t have to look far to find scare tactics. I teach Social Security workshops in Santa Fe, Albuquerque and Los Alamos. At every event, there is at least one person — usually more — who is genuinely concerned that Social Security is going broke in the near future.

In the unlikely event that Congress takes absolutely no action to reform Social Security, all benefits would be fully payable through 2032. After that, the amount that the Social Security Administration could pay drops to 75 percent until 2086, when it drops to 73 percent.

That’s hardly “bankrupt.” But it’s important to keep in mind: Congress regularly institutes small changes that maintain solvency. For example, the maximum earnings subject to Social Security taxation rose to $117,000 this year, up from $113,700 in 2013.

Just to give you a sense of how that number has increased over time, when Social Security was instituted in the 1930s, the maximum taxable earnings amount was $3,000.

Also, the full retirement age has gradually been raised. For people born between 1943 and 1954, the full retirement age is 66. Starting with people born in 1955, that age goes up incrementally, two months at a time. In other words, for people born in 1959, the full retirement age is 66 and 10 months. For everybody born in 1960 or later, full retirement age is 67 currently, but that’s almost certain to also go up at some point.

So when you hear the shouting class on TV insisting that one political party or the other is taking away your Social Security, just turn it off. In fact, it’s better to just never watch the financial chatter on the cable channels at all. I was once a CNBC junkie, but I stopped watching about a year ago and feel much calmer now.

Now that we’ve established that Social Security will indeed be there for the baby boom generation, let’s move on to some strategies to maximize your income. Plenty of people underestimate the value of Social Security, but for the average retiree, it makes up about 40 percent of his or her retirement income stream. That’s not something to take lightly!

But that “average” retiree makes some serious Social Security mistakes. According to data from Annexus, a Scottsdale, Ariz.-based distributor of fixed indexed annuities, the average retiree leaves $100,000 in lifetime Social Security benefits on the table. That’s due to claiming benefits too early or not having a strategy for maximizing Social Security income. The average married couple forgoes $250,000 in lifetime benefits.

Don’t be those people.

Here’s another statistic that illustrates how people shortchange themselves. Nearly three-quarters of retirees claim Social Security benefits at age 62, the earliest age at which they are eligible. But when you do that, you only get 75 percent of your full retirement benefit.

I understand that plenty of people need the money and don’t have much of a choice. But I’ve met others who simply didn’t realize the financial impact of waiting. For every year you delay Social Security, you get paid 8 percent by the government. When you layer cost-of-living adjustments on top of that, the difference is even more substantial.

Social Security strategy is a big topic, and it’s worth continuing in my next column. There are more than 8,000 different strategy combinations, when you take into account different courses for singles, married couples, widows and widowers, and divorcees.

In my seminars, I frequently get questions about strategies for married couples, such as “file and suspend,” or “claim and switch.” Many of the same strategies also apply to divorced people. In June, I’ll delve into some of these options and examine some situations in which they are best applied.

Please send any financial planning questions to I’m interested in hearing about your concerns, and I’m happy to help.

Kate Stalter is a financial planner with New Mexico-based Portfolio Wealth Advisors. She is also a columnist for, Forbes and Morningstar. You can reach her at 884-3445 or

Investing still best way to build long term wealth

April 17th, 2014 by

In the video link here Lee Munson of Portfolio Wealth Advisors welcomes the show of regulatory force against High Frequency Traders, but warns investors against thinking Wall Street has suddenly become a safe place for investing naifs.

Wall Street “has never been safe for nearly 400 years. Why should it be safe now? This is always going to be a pit of vipers.”

Investors are all too aware of the risk. Stocks have been sitting near record highs for three months but according to a recent Gallup poll fewer than half of the country thinks putting money in stocks is “a good idea.”

Americans' Views on Investing in the Stock Market

A lack of confidence in Wall Street is a serious problem. Not for the vipers and wolves, they obviously do fine with or without Main Street investors. In fact the entire gist of the HFT scandal is that it’s largely a matter of institutions stealing from one another.

It’s never been easier or cheaper for individual investors to invest. The problem with the anger and distrust is that it’s kept too many Americans from investing during one of the great bull markets in history. Stocks have doubled in five years while most of the country stood on the sidelines.

The answer to what ails your investments isn’t taking down High Frequency Traders. Hanging the HFT thieves will be satisfying but it won’t help you retire.

Investing for the long haul is still the safest, smartest way to build wealth. Everything else is a sideshow.

If you would like more information about how Lee Munson and the team at Portfolio Wealth Advisors can secure your financial future – just pick up the phone and call him. 505.884.3445

Save your tax refund

April 8th, 2014 by

Oklahoma City Financial advisor and planning expert Tracy Ann Miller is asked by Fox 25 to discuss what to do with your tax refund. The bottom line is that you should save it barring any high priced debt on your books.

If you would like to speak to Tracy Ann Miller personally to talk about how we can secure your financial future – just call her at 405.917.5309 or


It’s the biggest check most Americans see every year—their tax refund.

And while it’s tempting to buy that new TV or gaming system, financial experts say there are better things to do with your new cash.

“Resist the urge to splurge,” said Tracy Ann Miller, CEO of Portfolio Wealth Advisors in Oklahoma city. She says every year, her advice is to put that money to work for you.

“Everyone wants to take that tax refund and go right out and spend it. If you think in advance and make a plan, then you’ll make sure that every dollar that you get has a job,”

Miller’s advice when making your plan: remember that the money is yours. You earned it by working, so think about how many hours you worked to earn that cash. Then start with who you owe.

“If you have high interest credit cards, pay them down first,” Miller said.

The next best thing: save it. Put it in an emergency fund or a retirement account.

As much as we may want something shiny on the shelf, Miller says those short term purchases do nothing to help you in the long term.

“If you can resist the urge for that short term fulfillment, you’ll have a much better long term result, and think in terms of things that gain value through time. Credit card debt detracts from value through time.”

Miller also suggests donating to charity or starting a college fund for your kids or grandkids.

Michael Lewis is wrong

April 7th, 2014 by

Albuquerque Financial Advisor and market expert, Lee Munson of Portfolio Wealth Advisors, is asked by Maria Bartiromo to explain why the new book Flash Boys by Michael Lewis is causing such a storm in the media. Lee explains how the system is far better set up today than years ago when liquidity was hard to find and expensive. It has never been cheaper for the average American investor to invest. Now more than ever we need the truth about investing, not fear mongering from a writer trying to sell a book to the detriment of baby boomers trying to get a fair shot at retirement.

If you want to secure your financial future – talk with Lee Munson personally by calling 505.301.7399 or

Tax Refund Planning

March 27th, 2014 by

Financial Planning expert Tracy Ann Miller of Portfolio Wealth Advisors discusses common tax refund planning tips and the pitfalls of not listening to them.
1. Pay down your debt! Don’t waste a golden opportunity to pay down high interest consumer credit with your refund.
2. If you debt is under control and you only have ‘good’ debt like a mortgage, set up an emergency fund. Remember that people with credit card debt didn’t have an emergency fund in the first place.
3. If your debt is manageable and an emergency fund exists – fund your IRA.
For more information on how Portfolio Wealth Advisors can help you plan for retirement while keeping your current lifestyle, call us at (866) 222-4391 or reach us at Don’t forget to visit our website for more information
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