Caleb “Spuds” Powell is Managing Director of Kayne Anderson Rudnick Wealth Advisors and also serves on the firm’s Wealth Advisory Investment Committee. He has approximately 22 years of experience in the investment management industry. Before joining Kayne Anderson Rudnick in 2004, he worked as the National Mid-Plan Sales Manager for Financial Engines, a firm founded by Nobel Laureate, Dr. William Sharpe. Before working at Financial Engines, Spuds was a Retirement Plan Consultant for Retirement Plan Strategies, after spending the first four years of his career in a variety of roles at Franklin Templeton Funds. He earned a B.S. in Industrial and Labor Relations from Cornell University, where he was awarded the Cornell Tradition Fellowship for leadership and academic achievement, and played varsity football.
Should we fear a market correction?
Today’s stock market surely provides investors with a lot to think about. On one hand, the market is thriving, with several major indexes recently reaching all-time highs. On the other, we’re in the midst of the second-longest bull market ever, which has made many investors nervous about what could happen if there is a market […]
Should you ignore the “noise” and stay the course with your long-term investment strategy?
In 2016, all the major stock indexes reached all-time highs, including the Dow Jones Industrial Average, the S&P 500, the Nasdaq Composite and the Russell 2000. What’s more, several indexes posted double-digit returns, including the Dow, S&P and the Russell 2000, which returned 21.31 percent last year.1 Despite the stellar year for stocks, most well-diversified […]
When interest rates are low, how can investors focus on total return, growth and diversification, not just yield?
Since 2011–12, investment yields have declined dramatically. Investors have responded by focusing greater attention on various types of income-producing investments. However, higher-yielding securities, whether they be fixed-income securities, equities that pay high dividends or industry-specific securities, such as REITs or MLPs, are all highly correlated to movements in interest rates. Knowing this, investors need to […]
What impact might today’s low interest rates have on my achievement of long- term investment goals?
A recent study by Callan Associates, Inc. highlights the impact that low interest rates can have on investors achieving their long-term financial goals: According to Callan, in 1995, to obtain a 7.5 percent annual return, investors simply needed to purchase a diversified portfolio of high-quality fixed-income securities, with the likelihood that investment returns would vary […]
