Clay Capital Management LLC.
Money Manager and Market Technician
R. Bernard Clay has been in the Financial Services Industry since 1978. Along the way, he has worked both as a Stock Broker and Investment Advisor with his series 6, 7, and 63 licenses.
Although Bernard enjoyed working with his clients, educating the public is his real passion; teaching others how the stock market works, how to make wise decisions with their retirement and investment monies, and even how to trade stocks. He found the typical role of “broker/salesman” tied his hands in this regard. With that in mind, Bernard sold his successful brokerage business in 2008 and in the same year founded Clay Capital Management, LLC, a Registered Investment Advisor with the State of Colorado. Bernard has his Series 63 and 65 licenses with the State of Colorado.
Bernard is currently one of only a handful of professionals in Colorado who have received certification from National Social Security Advisors which is dedicated to the training, certification, and continued education of advisors seeking to assist retirees through the complex maze of Social Security.
He is also currently enrolled in the Market Technicians Association Chartered Market Technician (CMT) program and was featured in the March 2014 edition of their magazine “Technically Speaking".
Introduction - R. Bernard Clay
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The S&P 500 Index is more similar to the assets that the typical 401k account and retirement account would generally contain. An investor could do quite well in investing alone in the S&P 500 Index, provided he or she knows when to be on defense when the market takes a downturn into a bear market like 2000-2002 and 2007-2008. The Nasdaq 100 is made up of the largest non-financial stocks on the Nasdaq and is heavily weighted in Technology stocks. The stocks underlying the Nasdaq 100 would make this index more concentrated with much higher risk. Unless you have an advisor who uses a tactical approach and is a craftsman in technical analysis it would be challenging to say the least. I would recommend that a typical allocation for someone who has 20 years or more for retirement would look like this. 80% S&P 500 Index and 20% Nasdaq 100 Index. If you have at least 10 years before you retire, I would lower the Nasdaq 100 Index to 10% and the S&P 500 Index to 90%. I believe it would be good to have both Indexes in your portfolio. My main concern would be if you have less than 5 years before you retire, then I would stay away from the Nasdaq 100. Have a good retirement!
What an interesting question. First, a successful investor must have a good understanding of risk. In other words he or she would need to know when to cut losses and sell his or her positions. They would have to operate in such a way that they did not allow their emotions of fear and greed to dictate their decisions when it came to buying and most importantly selling their stocks. A successful investor would buy stocks that are fundamentally strong (have good revenues and earnings) and that are leaders in their sector or universe of stocks. A successful investor would also be quick to sell their stock(s) when they become laggards in their sectors or in the market. Finally, it is much easier to make up for lost opportunity instead of lost money. Much success!
Nice to see some traders out there! Yes, a Golden Cross can reverse or maybe what you are asking is if will always follow through. The answer is absolutely no. As you are well aware technical analysis is more of an Art than a Science so, many, many times the patterns do not give you the results you were hoping for. I would agree with the line of thinking that the market is weak and the probability of lower prices is very likely especially since the S&P 500 Index has not been able to break above the previous resistance of 2131-2135. I would use the SPY as your proxy since SDS can flaw the real picture with it's reseting prices daily using daily compounding. I have also found that the 20 Day Exponential Moving Average, 50 Day Simple Moving Average and the 200 Day Simple Moving Average to work real well too. When prices go below or above the 20 Day EMA you can determine whether to go short or long for a quick trade. Also take a look at symbol HDGE. It is a true short and is not leveraged so the prices do not reset or compound daily. Happy trading! You can do this!
This can be a very subjective question. What I mean by that is opinions will vary depending on who you talk to and how much they understand human behavior. I will get straight to the point. In my professional opinion it would be better not to pay off the car. Why? Because you may need some of that savings in case of a "real" emergency. It is very difficult to save a nice nest egg of $47,000 and in comparison it is fairly easy to unload a car that you may no longer want because of expenses. There is nothing that feels quite as good as knowing that you always have a choice to payoff the car if you wish, although you have not opted to do so. You will also sleep better at night. :) To have your savings account decrease to $20,000, I believe, will not set well with you after you spend your hard earned money on a wasting asset (automobile). Keep in mind that if you are really concerned about the debt at this time you could also reduce your debt substantially by finding a clean, reliable, used car. There are many that you can get for under $5,000. I hope this helps and enjoy that retirement!
Congratulations for your choice of an excellent career! No, the sponsor of your series 6 exam does not have to be the company that you work for. Although your sponsors aim is to have you come aboard with them, you can always make the move easily. To register you will complete a U-4 form and will be given a CRD number. All of this will make it portable and possible for you to move employers or Broker Dealers and work for whomever you wish.
Generally an insurance company or bank will be happy with just a series 6. However many banks, along with investment companies, are now requiring series 7. Also, if you go with an insurance company they will likely require you to sell a minimum amount of life insurance. Even though they will be the easiest place to get hired, unless you want to sell life insurance, you might want to stay away from insurance companies. I like the way you are thinking and the process you are following in your financial career. Much success!