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Jeffrey Voudrie
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Jeff Voudrie (pronounced “Voo-DRAY”) is a Certified Financial Planning Professional (TM) and a nationally recognized financial advisor known for his straightforward (and often opinionated) advice. He’s been interviewed by many prestigious publications, including The Wall Street Journal, CBS... More
My company:
Common Sense Advisors
My blog:
Common Sense Advisors
My book:
Why Variable Annuities Don't Work the Way You Think: Hidden Dangers That Can Devastate Retirees
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  • Will America Heed The Warning Issued On The Anniversary Of 9/11?

    The sovereignty of the United States of America was successfully challenged 11 years ago when suicide bombers flew commercial airplanes into the World Trade Center. Yesterday, as we remembered the sacrifices of those killed on 9/11/01 and those that have died protecting our freedom since then, there were two more successful attacks on our sovereignty on American soil.

    Is this a mere coincidence or is it something that needs to be carefully and prayerfully considered?

    First, a mob attacked the U.S. embassy in Cairo, Egypt. The Egyptian government failed to provide any security to prevent the attack (which I take as a sign of their involvement or approval). The rioters, angry over some obscure video on the internet that denigrated the Prophet, first protested outside the embassy and spray-painted the walls. Rioters were then able to scale the outer wall and penetrate the embassy compound-to the point of being able to capture the United State flag that is the national symbol of all we stand for. News video shows the rioters tearing and burning the flag and brings back memories of the Tehran hostage crisis in 1979. But they didn't stop there. They then raised their own black flag over sovereign U.S. territory that proclaimed 'There is no God but God', essentially claiming sovereign U.S. territory for Islam.

    Second, there was a similar riot that occurred on sovereign U.S. soil at our embassy in Benghazi, Libya. Fire bombs were thrown into the embassy and, according to Reuters "On Wednesday morning, the compound stood empty, with passers-by freely walking in to take a look at the damage." The assault didn't stop with looting, though, as a rocket propelled grenade was fired at the vehicle carrying the U.S. Ambassador to Libya, killing him. Reuters reports that Ambassador Christopher Stevens died when 'gunmen fired rockets' at the vehicle. Three other embassy staff members died of gunshots. Supposedly, Libyan security forces were 'overwhelmed' by the protestors.

    I don't believe that this is a mere coincidence. We need to recognize this as a warning of what may lie ahead. America is vulnerable to physical attack, but also to financial attack. Forensic evidence on the bankruptcy of Lehman Brothers and the ensuing near-collapse of our financial markets in 2008 has revealed the possible involvement of sovereign governments, nation states and terrorist organizations in the events that precipitated the crash. Some speculate that it was a trial run. The U.S. has enemies that are committed to attacking us wherever they think we are vulnerable.

    What bothers me most about the events yesterday was the apparent lack of consequences on those initiating the attacks. It reinforces the message that it is OK to attack the U.S. and only encourages similar behavior in the future. Worse, the response from Secretary of State Hillary Clinton was to apologize to the Egyptian people for any offense against the Prophet Mohammed. APOLOGIZE? Where is the outright condemnation which is then followed by action? Are there sanctions? Is a cut in funding to Cairo or Egypt being considered. If the silence from the current administration is any indication, no.

    The response to these attacks by the current administration follows a pattern that began shortly after President Obama's inauguration. He toured around the world making speeches that were intended to 'repair' our relationship with Muslim nations and to build bridges. Some have coined that trip the 'Apology Tour'. The effect of the trip, in my opinion, was to show America as weak; to signal that the foreign policy of the U.S. was going to be considerably different from that of the Bush administration. The response to this attack on U.S. soil only further reinforces those views by those that wish us harm.

    As financial analysts and wealth managers, we factor in political and economic events into our investment strategies. We build theses based on slowing growth in China, the Japan debacle, the European Debt Crisis, the U.S. Debt Crisis and the U.S. employment situation. It is just as vital, though; that we take into consideration the personal and financial impact that the U.S. foreign policy stance is and will have now and in the future.

    The events that just 'happened' to have occurred yesterday may seem benign and may be quickly forgotten in our 24 hour news cycles, but history may one day show that these events were a warning of worse things to come.

    Sep 12 2:24 PM | Link | Comment!
  • Investor Security: It's About More Than The Value Of Your Portfolio.

    As a wealth manager, my focus is on helping retirees or near-retirees protect and grow their investment portfolios. Wealth management includes more, though, than advice on which investments to buy and when to buy or sell them. It can include things like analyzing and planning for the orderly distribution of their estate, how to minimize taxes and that their insurance needs are taken care of. Wealth managers want to improve their client's quality of life.

    The world we live in today seems very different from the one I grew up in. As a result, there is one more area that we should consider-personally security. With live in a time when well-funded and highly motivated terrorists seek our harm. We live in a time when events like 'Columbine' and the theatre shootings in Aurora Colorado are no longer isolated, once-in-a-lifetime events. There are workplace shootings and other acts of violence; all of which can threaten our lives and our livelihood.

    It's a sad commentary on the state of our nation when this is something that we need to be concerned about, but we do. With that in mind, here is a video that is designed produced by law enforcement that is designed to prepare and protect those that might one day find themselves in the wrong place at the wrong time. I highly recommend it to my clients and to all Americans. The content is concise and practical: Run, Hide, Fight.

    Aug 08 8:20 AM | Link | Comment!
  • Retired Wealth Investors: Drops Like Today Illustrate Bear Market Risk

    Retirees and Retired wealth investors can find navigating difficult stock markets frustrating at best. Today's market plunge should help underscore an understanding of how Bear markets work.

    (click to enlarge)Retired Wealth Investors Cringe Over PreMarket Plunge

    It is common in Bear-type markets to see violent swings both up and down. Take a look at this chart of the S&P 500:

    (click to enlarge)Retired Wealth Investors Need To Understand Bear Market Volatility

    Notice how often we are seeing days where the market is either up big or down big. That's not the way the markets behave during a Bull-type market. For instance, between 2003 and 2006 the market was in a strong, multi-year uptrend. The pullbacks were modest (averaging only around 6%) and were short in duration. Even during the pullbacks, the overall trend remained in place.

    Retirees can easily become over confident or complacent during markets like that, so it is vital that they make the mental transition necessary for investing during Bear-type markets. In a Bull-type market, the default position is to be invested in equities. During Bear-type markets like we are experiencing now, retired wealth investors need to recognize that more conservative bond-oriented investments should be the default position and the timing of equity exposure carefully scrutinized.

    Wealth manager Jeffrey Voudrie comments, "We continue to recommend minimal exposure to the equity markets and that the timing and selection of holdings for that exposure should be carefully considered. In these types of markets individual stocks can surge or crash quickly and without warning, so I tend to focus more on sectors or style-box type index ETFs instead."

    You can purchase Mr. Jeff Voudrie's latest book "How Successful Investor's Tripled The Return Of They S&P 500" here:

    or here:

    Jeffrey D. Voudrie, CFP(NYSE:R)Wealth Manager/Portfolio ManagerCommon Sense

    Common Sense Advisors is a boutique firm-we do not cater to the masses. Instead, we focus on providing a high level of service and active account management to a select group of retirees and near-retirees. Our small size allows us to custom tailor portfolios and management style to each client's needs and comfort levels.


    All information contained in this post is for informational purposes only and does not constitute a solicitation or offer to buy or sell securities or investment advisory services. While every effort has been made to offer the most current and correct information possible, inadvertent errors can occur and the specific facts of each individual's situation may change the results and recommendations provided in this post. This information provided may also be affected by local, state or federal laws, rules and regulations. The accuracy, completeness or timeliness of the information contained in this post cannot be guaranteed. The information provided is not intended to serve as legal, accounting or tax advice and you are strongly encouraged to consult with qualified attorneys, accountants and other financial professionals for advice concerning specific matters before making any decision. Legacy does not represent, warrant or guarantee, or assume any liability in respect of, results based on the use of the information in this post. All investing involves risk.

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in SPY, DIA, QQQ, IVE, IVE, IYR over the next 72 hours.

    Additional disclosure: I may initiate Sector or Style-Box oriented ETF positions in the next few days contingent upon trend, ranking and momentum.

    Jul 23 10:04 AM | Link | Comment!
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