Your Assets, Your Family, Your Legacy

This week on the broadcast, (listen here) Doug says investors must define their investment objectives before anything else.  The exercise of goal setting is simple, but here’s a game plan to get you started:

Come up with some rate-of-return targets (looking at your portfolio, what rate of return would you be satisfied with?) and decide how much you are willing to lose (maybe you don’t want a draw down of more than 5%, for example.)  Doug has talked with enough clients over the years to know that capitol preservation is one of your highest priorities—he understands that you don’t want to suffer any significant losses—but he thinks it is important to quantify that goal.  Decide on a number that you know is the most you can live with on the negative spectrum—write down something specific.  It will help you in selecting your investing vehicles.

Doug’s second point of discussion is the inventory of your assets.  In one-on-one conversations with clients, he splits assets into three categories:

  • Liquid assets (i.e. taxables assets; assets outside of your IRA.)
  • Retirement assets (including income streams such as penchant plans or social security.)
  • Property assets (vacation homes, real-estate, land, etc.)

The last point is your legacy game plan.  Make sure your paperwork is in good order, you have named an executor for your will and that your spouse, children and grandchildren are taken care of.

Could you use some advice or clarification on any of these points?  Send an e-mail to askdoug(at)dougfabian(dot)com.  If you would like to set up a personal consultation with Doug you can do so by calling 888-300-3684.

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Check out

The purpose of Doug’s podcast is to express his thoughts about what’s going on in the financial markets, and help individual investors move closer to their financial goals.

Another Fabian Wealth Strategies project that aligns with Doug’s passion to help the individual investor is called ETF University (

ETF University is Doug’s way of giving “newbie” investors a helpful leg-up on board the Exchange Traded Fund wagon.  ETFs are new to many people, and educates and informs the inexperienced investor all about ETFs and their important realm in the world of investment.  It’s a free website, and when you’re there you can also access Doug’s nationally broadcasted ETF Success with Doug Fabian radio show. and ETF University is not an investment adviser and does not manage money – it strictly an educational endeavor.  As always, if you have specific investment questions, you can reach Fabian Wealth Strategies at 800-391-1118 or askdoug(at)dougfabian(dot)com.

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Insights from Fidelity Investments

In the past week, Doug attended an event put on by Fidelity Investments that was very informative, particularly regarding fixed income.  He brought back several financially relevant insights (listen to the full podcast here), such as:

  • The U.S. economic growth is slowing but still above 2%
  • Fidelity strategists believe that China is going to stimulate its economy, and this would be a good thing for global growth
  • Long-term interest rates will remain low
  • Because of low interest rates, Fidelity thinks there will be investment opportunities: REITs, consumer staples and health care are possibilities

Fidelity gave three reasons why long-term interest rates will not go up:

  • First, demographics.  Japan, Europe and the United States all have predominantly aging populations, and what do people tend to do when they get older?  They tend to spend less money and to save more money.  When a population is spending money, it increases economic growth—on the flip side, a population that is saving money has little impact on economic growth.
  • Second, the Central Bank policies.  Europe and Japan are continuing to push interest rates lower.  Switzerland, Sweden, Germany and Denmark all currently have negative interest rates.
  • Third, the U.S. still battling deflation.

For further discussion on this topic, listen to the full podcast here, and as always, contact us at 800-391-1118 for information on how our team can help you invest your portfolio today.

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Interest Rate Fears

A lot of people are really worried about the Federal Reserve, and what they might do to interest rates. However, in this week’s podcast, Doug points out a different scenario than the usual high interest rate fears – negative interest rates.

Right now in Europe, there are negative interest rates.  What does that mean?  For analogy purposes, let’s say that you are a German citizen and that you lend money to the German government—-due to the negative interest rate, you will get back less money than you gave the government to begin with.  Some banks throughout Europe are also instituting negative interest rates.  This means that—-if you have your money on deposit in a bank—-the bank is going to charge you for it.  As you can see, negative interest rates are far less than ideal.

What if negative interest rates come to the United States?  This is not something we should be panicking about, but the future is unforeseeable, and to be prepared is always a good thing.

The best thing you can do to avoid the same scenario is to not leave your cash sitting in a bank account earning zero interest—-instead, invest it.

Doug and our team at Fabian Wealth Strategies want to help you make the most of your money.  Call 800-391-1118 to schedule a meeting or email Doug personally at askdoug(at)dougfabian(dot)com

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What Should Investors Do With Cash?

In this week’s podcast, Doug addresses what he thinks you should be doing with your cash.

Most of the podcast this week is inspired from conversations Doug has had recently with  clients of Fabian Wealth Strategies, and lately, we’ve heard from several clients who have large amounts of cash sitting in their bank—earning zero interest.

In light of this issue, Doug brings up some cash alternatives: low-risk opportunities you can take with your short-term cash and still get 1-3% back.  It is better to make forward-moving progress—no matter how small—than to sit stagnant.

Do you have questions or concerns about investing your cash?  As always, do not hesitate to call our office at 800-391-1118 or email us at askdoug(at)dougfabian(dot)com.

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Interview with Dick Fabian on the Podcast

Coming up on the 39th anniversary of the FWS newsletter, listen in as Doug interviews his father, Dick Fabian—founder of Fabian Wealth Strategies.

Dick Fabian speaks of starting out in the world of financial investing and—after learning some valuable lessons—going on to publish his book, “How To Be Your Own Investment Counselor” in 1976.  In this book he pioneered the concept of trend-following, and also explained and promoted the 39-Week Average methodology.

In the radio show, Doug asks Dick the following questions (and more!):

  • What lessons have you learned?
  • What do you feel was the original message of the Fabian Wealth Strategies newsletter, and how does it apply now?
  • What do you think investors today should be thinking about?

Dick’s answer in a nutshell:  keep it simple.  You don’t need to be brilliant to make a good investment; you just need to be disciplined.

Listen to the full conversation between Doug and his father here and glean a few financial insights from someone who has been there.

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Questions Every Investor Should Ask

The following questions should be asked in a free analysis of your portfolio.

Where is your portfolio right now?  Do you own mutual funds?  Do you have any ETFs? What is your stock allocation currently?  Do you have any individual stocks?  What is your tax situation?

Two of Doug’s passions are teaching and coaching.  A coach is not on the field; a coach wins a game by teaching the players who are on the field how to execute his strategies.  If Doug was your wealth coach today, these are the five strategies he believes you should employ RIGHT NOW in order to reach your long-term financial goals:

  • Write down your goals and objectives.
  • Determine who your financial team is.  These five positions should be included on your financial roster: Tax Manager, Assets Manager, Wealth Manager, Estate Attorney, Executor
  • Compile a complete net worth statement.
  • Compile an income statement.
  • Have an assessment made of your asset managers (this is something that can be done by your wealth manager.)

If you would like Doug to look over your portfolio and give you his opinion on changes you may need to make—offensive and defensive—in order to achieve your financial goals, don’t hesitate to call our office at 800-391-1118 or email us at askdoug(at)dougfabian(dot)com and we will help you to move forward.

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Buying Opportunities

Global growth is slowing, the economy is rocky, and people are beginning to worry: is the global economy slipping into a recession?  The United States, Europe and Japan are all in the thick of a market correction, and many people believe that the Emerging Markets (such as China and Latin America) have already slid from market corrections into bear markets. (For statistics and a comprehensive overview of this market action, listen to the full podcast here.)

Investment opportunities are ripe during a market correction, and our advice to you is this: get ready to buy.

If you’ve listened to the last few podcasts and it made you nervous to hear Doug talk about buying lists and investment opportunities—call our offices today at 800-391-1118   Let’s have a conversation about strategy, risk, and what your next investing move should be.

Because one thing is for certain: even during unstable economic times, you will never reach your investment goals just by sitting on cash, and we’re here to help you put that money to work. You can also email Doug your investing questions at askdoug(at)dougfabian(dot)com.

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New Policy on Automatic Stop Loss Orders

Listen to the podcast, recorded on 9/11/15, here, to hear Doug address a strategy change concerning Automatic Stop Loss Orders on ETFs.

Although we have been a proponent of using Automatic Stop Loss Orders on ETFs for the past ten years, the current market is not functioning well, the system is broken and individual investors are being taken advantage of—for these reasons I am recommending that you DO NOT use Automatic Stop Loss Orders on your ETF portfolios.

In the market’s current state, using Automatic Stop Loss Orders is a risk. They could harm your portfolio much more than they will benefit you at this time.

Please listen to the full podcast for details on this new policy, and as always feel free to call 800-391-1118 or email Doug your questions at askdoug(at)dougfabian(dot)com.

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Have you reduced risk yet?

Last week, the markets experienced some of the biggest price swings in history, and though stocks did manage to finish in positive territory,  there’s no denying that the long-term uptrend of the past few years now has been broken.

The recent action in stocks should give you a big reason to pause, and to reflect on where your money is right now.

More importantly, you should now be keenly aware of how much risk you have in your portfolio, and how susceptible you are to a major market correction. Have you reduced risk yet?

If you haven’t reduced risk, then when do you plan to reduce risk?

Risk out there is booming from unknowns such as:

• The severity of the China slowdown and its pull on the global economy
• The unknown on Fed policy and when an interest rate hike is going to hit
• The massive mispricing of many ETFs during last week’s “mini flash crash”

Individually, these risky unknowns should be enough to cause you to consider reducing risk in your portfolio.

Collectively, these risks represent an unholy trinity of potential portfolio damage.

In the podcast I just recorded on Friday, August 28, I talked about the need to reduce risk in the face of the current trifecta of unknowns.

I also provided my thoughts on what you can do if you are struggling with decisions such as when to reduce risk, how to reduce risk—and more importantly, when it will be safe to buy back into this market.

As I’ve said to many of my clients, radio and podcast listeners, and to subscribers of my various newsletters, now is the time to reduce risk.

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