I recently traveled to Boston for a Cambridge Wealth Strategies conference and a New Century Council meeting. I learned a lot of very interesting things during my trip including:
- Never travel to a city that has just experienced a terrorist attack.
- Always pack emergency cold medicine so you don’t have to shell out $15 for a pack of 10 pills at the hotel gift shop.
Yes, that’s right. I was in Boston last week on 4/16 just one day after the marathon bombings and I managed to leave the city at 5:45am that Friday right before they put the entire place on lockdown. As luck would have it, Sondra and I also happened to be in Denver last summer for a women’s conference the night of the Aurora theatre shooting. Except for the nasty sinus cold I managed to bring home, I was able to leave Boston unscathed. However, I will probably have to increase my cell phone plan for the month as I received panicky text messages from nearly every friend and relative in my contact list. It’s amazing how popular you become when you fly directly into the center of a media fire storm.
One presentation I particularly enjoyed from the Wealth Strategies Conference was Heidi Richardson from Horizon Investments talking about what they see coming for the rest of 2013. I found her market commentary insightful and timely. Heidi believes we will see continued volatility over the summer, with stocks remaining pretty flat May to September. She believes we will see positive growth by the end of the year but it might be a bumpy summer. Heidi reasons that the best place for growth this year will be in emerging market stocks and bonds as well as large cap and dividend paying stocks. Like most analysts we talk to, Heidi believes that a selloff in the near future is likely. She believes there is currently no volatility priced into the market. Meaning the market is basically trading on greed and happy thoughts right now without any concern for the current fears and uncertainty facing the world. Before too long the market will have to deal with that uncertainty and price that into the market. That’s when we’ll likely experience a pull back. Overall 2013 is shaping up to be very similar to 2012—market wise.
While I was in Boston I didn’t get to see any of the incredible historical sites that I wanted to see like the Freedom Trail or the site of the Boston Tea Party, etc. But they did take us to the Boston Museum of Science where I had my picture taken next to this giant sequoia tree.
Serenity Melnick is a Registered Representative offering securities through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Legacy Wealth Management, LLC and Cambridge are not affiliated. Cambridge does not offer tax advice.
Copyright ©2013 Serenity Melnick. All Rights reserved. Commercial copying, duplication or reproduction is prohibited.
