Coolness under pressure is what makes a combat veteran so very good at managing money through challenging market cycles. It is a philosophy that Riggs’ founder, Bob Graham, has embedded in the investment team. We sat down with Bob recently and asked him a few questions about the current market correction and where he sees opportunities in the future. We thought you might enjoy his perspective.
You have been …
Coolness under pressure is what makes a combat veteran so very good at managing money through challenging market cycles. It is a philosophy that Riggs’ founder, Bob Graham, has embedded in the investment team. We sat down with Bob recently and asked him a few questions about the current market correction and where he sees opportunities in the future. We thought you might enjoy his perspective.
You have been investing since 1956 …
The first four months of 2022 were a rollercoaster in the investment markets. We believe the first half of 2022 will be challenging for investors, but the year-end will deliver good investment opportunities. For those who have been clients of Riggs for a long time, you know during periods like this is when we put the defensive team on the field with positions in gold, dividend-paying stocks, and/or higher cash allocations. We would expand our allocation to fixed …
The War in Ukraine is now entering its third week. The impact of this war is exacerbating the global inflation challenge. As the Federal Reserve Open Market Committee meets tomorrow, March 16, it will be faced with treading a very narrow line of removing excess liquidity from the U.S. economic system while not chilling economic growth. The geopolitical challenges from Russia’s invasion of Ukraine make the Federal Reserve’s job that much trickier.
In response …
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 …
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 …
