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Affluent Investor | June 26, 2017

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AboutDavid Bahnsen, Author at Affluent Investor - Page 5 of 6

David Bahnsen

David Bahnsen

“Moral Capitalism” David L. Bahnsen, CFP®, works as a Senior Vice President in the private client group of one of the premier Wall Street firms in the country where he provides financial planning and investment management services to individuals and families. He and his wife of nearly eleven years (Joleen) reside in Newport Beach, CA with their seven-year old son, Mitchell, five-year old daughter, Sadie, and 2-year old baby boy, Graham. He is an active board member of the Lincoln Club of Orange County where he serves on the Executive Committee and chairs the Program Committee. He serves on the Board of Advisors of Dr. Art Laffer’s California Recovery Project with the Pacific Research Institute. He has recently been appointed to the Board of the Concordia University Center for Public Policy. He also serves on the Blackstone Faculty of the Alliance Defense Fund and is a Cooperating Board member of the Center for Cultural Leadership where he is the Senior Fellow of Economics and Finance. He is a member of the Investment Management Consultants Association (IMCA), and holds numerous financial designations and licenses. David is a disciple of Milton Friedman, a lover of Ronald Reagan, and a “National Review kind of conservative”. His writings strive to reflect an ideology of freedom principles integrated with transcendent truths. His hero is his late father, Dr. Greg Bahnsen, but he is pretty fond of John Calvin, Abraham Kuyper, F.A. Hayek, Winston Churchill, C.S. Lewis, William Buckley, Margaret Thatcher, George Gilder, Steve Forbes, and Larry Kudlow as well. Hobbies include travel, fine dining, golfing, and sports. His true passions in life include anything pertaining to USC football, the financial markets, politics, Palm Desert, his gorgeous and brilliant children, and his lovely wife, Joleen.

Posts By David Bahnsen

July 1, 2015 |

My Appearance on the Collective Wisdom Podcast

Today I was the featured guest on the podcast for Collective Wisdom, a wonderful little 9-minute blurb that appears on Chuck Jaffa’s Moneylife show. I actually recommend this podcast EVERY week as it: a) always features a HighTower partner sharing … Read More

June 30, 2015 |

Greece, Greece, and More Grease

Sunday afternoon I began receiving text after text and tweet after tweet regarding the Dow market futures reflecting a 450 point drop behind the news that Greek banks would close today and capital controls would be implemented as the country … Read More

June 25, 2015 |

Why I Cannot Support Jeb Bush as the GOP Nominee (Warning: Some on the Right Will Not Be Happy)

If a man named Jeb Smith was running for the GOP nomination, had been the Florida Governor for two terms with the exact same record as the man we know as Jeb Bush, had the exact same immigration policy prescriptions … Read More

June 19, 2015 |

Fed Rates: Here’s What Really Matters

Markets stabilized on Monday and rallied on Tuesday as the Fed did what they have done now for roughly nine years … NOT raise interest rates. The Fed Funds target of 0-.25% remains where it has been since the fall of … Read More

June 17, 2015 |

Looking at Greece

So all eyes were on Greece yesterday, only this is a June, 2015 blog entry, not a May 2010 one, nor a July 2011 one, nor a May 2012 one, nor a December 2014 one. Google any of those four months … Read More

June 15, 2015 |

Interest Rates, the Dollar, Stocks, and You

Volatility in the BOND market has exploded in recent weeks as German BUND yields have blown out from NEGATIVE territory to .84% (using the 10-year). We should note that the 2-year yield remains negative. This move in the German BUND … Read More

June 1, 2015 |

Is Recent Rally in Oil Prices Sustainable?

Executive Summary Market “corrections” of 5-10% happen all the time; market corrections of 20% or more are almost always valuation-driven or recession-driven. We do not believe the 5% variety are: a) avoidable), or b) concerning; we defend against the malignant … Read More

May 7, 2015 |

State of the Economy: Q1

How do you see the overall state of the economy? The presuppositions you bring to the discussion will dictate everything you believe about the economy. My late father used to say, “There are no brute facts.” We interpret everything through … Read More

April 30, 2015 |

What Happens to the Marketplace When Mortgage Rates Rise?

How would you describe the state of the global economy?

This is one area where there is very little need to do deep analysis. Sometimes bond yields are telling you things are going really, really well. And sometimes bond … Read More

April 11, 2015 |

Is Monetary Manipulation the Only Defense Against Economic Malaise?

Is the Fed going to raise rates this year? I suspect not, but they are going to at some point, and you may as well be prepared for it whether it happens this year or next year. The several takeaways … Read More

April 2, 2015 |

Falling Unemployment Doesn’t Mean Rising Wages

It is good to be writing this without any hospital visits having taken place, and with my daughter, Sadie, back in school and joyfully getting every square inch of her pink cast signed by all of her loving friends.  I … Read More

March 24, 2015 |

Market Fundamentalists Beware: Fed To Blame For Volatility

I apologize in advance if this week’s commentary is a little shorter than normal.  I was at a client dinner in Palm Desert last Wednesday night when my wife called to say our daughter had broken her arm in … Read More

March 18, 2015 |

Dollar Rally, Euro Drop, and Fear of Fed Tightening Explain Weekly Volatility

The ugliness of March continued largely led by a continued drop in the Euro.  I explain more about this connection in this week’s commentary.  All things considered it is a highly volatile time in the capital markets and I am … Read More

February 6, 2015 |

The Huge Wildcard of the 2016 Election

I subscribe to the ecclesiastical wisdom that “there is nothing new under the sun,” which is a different way of saying that whenever someone says that all of a sudden something is totally different than it has ever been … Read More

January 19, 2015 |

Don’t Expect Low Market Volatility in 2015

History will remember the year of 2014 as “the year where markets would not cooperate with consensus.” Interest rates went down when they were supposed to go up. Europe declined when it was supposed to have been deeply under-valued. Japan … Read More

January 15, 2015 |

Why Mitt Romney Should Not Run

The Wall Street Journal editorial page ran a compelling piece the other day entitled Romney Recycled in which it laid out all the reasons a third Romney campaign may not be a very good idea. It was not stating that Romney would … Read More

December 19, 2014 |

Energy Destruction and Portfolio Construction: 2015 Reflections

On June 27, 2014, the price of Nymex WTI Crude Oil (per barrel) reached a high level for the year of $107.50. It began a slow, steady decline that, over the next three months, brought the price down to the … Read More

November 7, 2014 |

An Election Postmortem – A Wave by Any Other Name

There is a danger in two things shortly after an election: Excessively mourning the results, and excessively celebrating the results. No election, ever, means nearly as much as we want to think it does. Culture … Read More

November 3, 2014 |

High Market Volatility is Not Going Away

(Please note that the very surprising announcement in the wee hours of the night last Thurs/Fri morning that the Bank of Japan is adding 80 trillion yen – no typos there – to its monetary base did not leave enough … Read More

October 29, 2014 |

Diversifying Investments in High-Volatility Markets

I have been writing for several weeks now about my belief that we are in for an extended period of time of higher volatility than we have been accustomed to the last three years. If nothing else, the eventual … Read More

October 21, 2014 |

The Underlying Causes of Last Week’s (Exaggerated) Sell-Off

How bad can this sell-off get (Friday’s rally notwithstanding)?

Let me answer it this way.  At this exact point three years ago the S&P 500 was coming off two months of (a) A United States Treasury Credit DOWNGRADE for the … Read More

September 16, 2014 |

Investing in Bonds and Equities in Q4

There is a lot of coverage in this week’s commentary on the behavior of the markets in August. The third quarter will come to an end at the end of this month, and a couple weeks into the fourth … Read More

September 9, 2014 |

What Inflation and Deflation Risks Mean for Interest Rates

Executive Summary My top points of the week, noted with an asterisk (*).

1)    Hyper low inflation yields in Germany, Japan, France, and Canada are the result of global deflationary concerns stemming from inadequate growth and excessive debt. Anything and … Read More

September 5, 2014 |

The Truth About Market Corrections

Executive Summary My top points of the week, noted with an asterisk (*).

1)    The legitimacy of this lengthy and powerful bull market in stocks has been doubted and disrespected by many professional pundits who have been bothered by the … Read More

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