Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:JPMAM's David Kelly Worries About Investors' PTSD Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 01, 2016

JPMAM's David Kelly Worries About Investors' PTSD

Reported by Neil Anderson, Managing Editor

When it comes to long-term predictions about the markets, analysts and investing professionals tend to be too optimistic, but investors are too pessimistic.

So argued David Kelly, chief global strategist at J.P. Morgan Asset Management [profile] and chief market strategist for J.P. Morgan Funds, in a press lunch today at J.P. Morgan's offices in midtown Manhattan.

"There is no doubt that people are more pessimistic than the economic numbers suggest they should be," Kelly says. "There's a certain post-traumatic stress disorder among the investment community. There's also a lack of understanding ... about basic economic and financial literacy."

"In the absence of knowledge, fear takes over," Kelly adds. "People don't want risk. Risk is the four-letter word of the teens."

The lunch also featured three of Kelly's colleagues: John Bilton, global head of multi-asset strategy; Jed Laskowitz, co-head of global investment management solutions; and Tony Werley, chief investment officer and chief portfolio strategist for endowments and foundations. The quartet presented JPMAM's long-term capital markets outlook for 2017, which will be officially released tomorrow. The 2017 outlook, which runs to nearly 100 pages, is the 21st annual edition published by the JPMAM team.

"Right now people are very focused on the election," Kelly says. "But there is life after the election, and people have to think about long-term investing."

On a personal note, if you're looking for Kelly this coming weekend, you'll find him running the New York City Marathon, his first marathon. (His son is running the marathon, too.)

Kelly and his colleagues offered a host of recommendations. Kelly boiled them down to one three-part mantra.

"People do need to be more active, more diversified, and more inventive," Kelly says. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use