The Morningstar Investment Conference opened in Chicago today with PIMCO?s Bill Gross as the keynote. My apologies if the @AdvisorTweets account got too chatty. Gross is a quotable fellow with more than a few cautionaries about the economy and U.S. investing opportunities.
Here are a few additional notes from the conference?s first day. Use the #MIC2011 hashtag on Twitter to follow Thursday and Friday tweets from the conference.
A Precious Metals Play?
I had a moment of distraction while listening to Gross detail the burden of the mounting federal debt, negative real interest rates and financial repression. He has been talking about financial repression since May. Has anybody registered that domain, I wondered and then had to chuckle when I checked it out: Financialrepression.com redirects to SilverStockReports.com.
Non-U.S. Bonds, I Mean
As he has been for months, Gross was categorically negative on U.S. bonds. Toward the end of his remarks, he even named a few stocks that paid attractive dividend yields. Later in the Exhibit Hall, a friend of WiredAdvisor?s Steph Sammons showed the program Gross signed for him immediately after the keynote.
Steph twitpic-ed it and as you can see, old habits die hard?he?s still signing ?Buy bonds.?
Investors Get The Best Treatment
In the session that followed, Morningstar?s Don Phillips said U.S. investors are treated better than any other investors in the world. He was referring to transparency and oversight and fees. But I was struck by the irony of that statement coming on the heels of Gross saying that U.S. Treasury investors were about ?to get cooked like frogs? and their pockets picked.
?We?re telling investors to go overseas with their bond funds, their safe money,? noted CNBC?s Tyler Mathisen.
Meanwhile, What Was This All About?
While advisors were meeting in Chicago for the investment conference, the White House was hosting a Personal Finance Online Summit that got almost no advance publicity. Below here?s a look at the #PFOS tweets that were sent from what looks to have been an intimate get-together that included an update from Elizabeth Warren of?the Consumer?Financial Protection Bureau and?even featured a drop-by by the President.
The tweeting gives us an idea of some of the online writers invited?there were representatives from Minyanville, Business Insider, Polycapitalist, Investor?s Business Daily, Consumer Reports, etc. These are personal finance writers?
Earlier in the week, I wrote about the effect of social media participation elevating financial advisors? visibility online. To add a dose of reality from people who navigate personal finance challenges with their clients daily, a subsequent summit might consider a seat at the table for one of the blogging (and tweeting) advisors followed by AdvisorTweets.com.
On Monday, I announced that AdvisorTweets.com and its assets will be offered for sale via auction next week. For details, please see the AdvisorTweets blog post.
Related posts:
- Investment Search Traffic? Most Leads To Yahoo! Finance
- 2011 For Investors? Here?s What Advisors Say
- AT Advisors Lean Toward Twitter For Business, Facebook For Personal
- Berkshire Hathaway Meeting An Online Twitter Event
Source: http://www.advisortweets.com/blog/gross-investors-and-the-white-house-personal-finance-online-summit
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