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 info@portfoliollc.com

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 info@portfoliollc.com

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 info@portfoliollc.com

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 dot.com 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 info@portfoliollc.com.

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 info@portfoliollc.com

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.”

Active Conservative Investing

July 28th, 2014 by

Portfolio Wealth Advisors senior managing parters, Lee Munson and Tracy Ann Miller, discuss what Active Conservative Investing is really about.
Lee has a great phrase about money management.
“Active conservative investing” For example, imagine you are starting a firm that is there to
help people through any personal or market conditions in the midst of the 2008 crisis. Active is really the acknowledgement that as people go through different phases of their life and you have to actively manage and change that risk. Conservative is pretty self-explanatory. So many clients are taking too much risk. We also had a lot of new clients that weren’t taking any risk; that were just in cash. It’s the same problem. And we solve it!
That’s why clients love us!

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 info@portfoliollc.com

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.”

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 Lee@PortfolioLLC.com

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.” http://www.marketplace.org/topics/business/ace-greenberg-and-rise-and-fall-bear-stearns

Business Insider: Wall Street Legend Alan ‘Ace’ Greenberg Has Died. Read more: http://www.businessinsider.com/alan-ace-greenberg-has-died-2014-7#ixzz38mpC3En6

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@portfoliollc.com




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 lee@portfoliollc.com. 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 info@portfoliollc.com

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