The invasion of Ukraine has captured the headlines of the last few days. We are empathetic to the Ukrainians and their fight for their country and their freedoms. We believe this bold move by Russia has far-reaching implications on both the geopolitical and investment fronts.
Since 2014 Russia has been re-drawing its borders and/or regional control through a series of coup d’état and direct invasions as we have seen in Georgia, …
2022 has started a bit rocky in the U.S. equity markets, but we see opportunities ahead as the year progresses. We also want to share some happy news from Riggs Team members. So let’s dive in.
Six weeks into the year and the markets have been driven by:
As tax season nears, so does the uptick in fraudulent spam calls from the “IRS” requesting to speak to you on an urgent matter or risk going to jail. While many are savvy enough to know those calls are fraudulent, many do not. It wasn’t that long ago when our money and assets were safe, or at least there was a high degree …
As we approach the end of year, we have seen economic growth slow down and inflation speed up. Both of these moves are driven by a combination of pandemic-related supply chain issues and a surge in demand for energy (primarily oil and natural gas).
This has created an unusual environment where both interest rates and equity markets are rising simultaneously. Below we discuss some of the drivers of this environment, but more …
Riggs’ Founder, Bob Graham, shares his path from decorated fighter pilot to starting Riggs Asset Management Company.
…
While the quote “May You Live in Interesting Times” is …
The last several weeks have been difficult for America and countries across the Globe. Quarantines, business closures, and social distancing measures have shutdown economies worldwide. This has expanded concerns from the health threat of the virus and loaded economic concerns on top. As a result of the measures taken, the United States and the Global economy have plunged into a recession and the U.S. stock market has seen the sharpest and quickest decline in its history. …
The combination of the Presidential Election process and the Coronavirus is creating a volatile mix for investment markets—with 1,000-point swings in the Dow Jones Industrial Average becoming a frequent occurrence. As you know, over the last year we built an out-sized position in gold to hedge your portfolios. This gold position did its job when markets pulled back. On Friday, we took advantage of this volatility by booking some profits and reducing our gold position …
As you know, we have a significant position in gold in your portfolios. We did this as a counterbalance to market volatility. Gold serves as a store of value and a safe haven to investors during periods of volatility. With concerns of the Coronavirus increasing, investors are stampeding to safe haven assets causing gold to hit multi year highs.
We purchased gold as a hedge to global issues and it is working.
On a day …
At Riggs, we have always prided ourselves on our risk management, contrarian approach. In June, 2016 when the entire world expected Brexit to be voted down, we put gold in your portfolios as a contrarian investment to offset market volatility should Brexit pass. Brexit passed and gold popped. We did something similar in November of that year for the U.S. Presidential election. It is that willingness to view the markets from a risk-management perspective that has allowed …
