Timers take big leap into the stock market

Financial advisers who are members of the National Association of Active Investment Managers Inc. of Littleton, Colo., made a record leap into the stock market late last month.
APR 12, 2009
Market timers are jumping in. Financial advisers who are members of the National Association of Active Investment Managers Inc. of Littleton, Colo., made a record leap into the stock market late last month. NAAIM surveys its members each Wednesday about their overall allocation to equities. On March 25, NAAIM members had a 47.8% exposure, on average, up from just 9.9% the prior week. That was the greatest one-week increase since the group began collecting data from its members in June 2006. "And it's the largest [stock] exposure in 10 months," said NAAIM president Will Hepburn, founder of Hepburn Capital Management LLC in Prescott, Ariz., which runs $20 million for clients. But with timers jumping in, is it time to jump out? No, Mr. Hepburn said. The NAAIM sentiment measure isn't a contrary indicator, though it has consistently lagged market direction. "We're not fortunetellers," Mr. Hepburn said, though he noted that NAAIM members did get more conservative last year as the markets headed down. After June 18, 2008, the NAAIM survey showed that its members were never more than 40% exposed to the stock market, he said.

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.