Bob Fitzwilson

Podcast

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Bob Fitzwilson: Investing in a Hall of Mirrors

Surrounded by illusion
Wednesday, July 24, 2013, 11:07 PM

I have been doing this for 40 years, and I have never seen anything like this. This is the most difficult, vexing set of conditions that any of us have ever seen -- in part, because not only is there a combination of many cross-currents in the markets, but you have financial repression going on at the same time. And there are resource constraints that are coming to play here, too.

~ Bob Fitzwilson, The Portola Group

Podcast

Bob Fitzwilson: Charting a Safe Course Through A Market Gone Insane

Stick to the fundamentals and ignore everything else
Saturday, March 16, 2013, 11:14 AM

The Dow Jones has had 10 consecutive days closing in the green, a streak not seen since the mid-1990s. Both the Dow and the S&P are at or near all-time record highs.

That's what happens when you flood the markets with liquidity, which the Federal Reserve has done with trillions of newly-printed money over the past several years. It's currently juicing the money supply to the tune of $85 billion per month. All those dollars have to go somewhere.

So, has the Fed won? Has the crisis been averted? » Read more

Podcast

Bob Fitzwilson: 2012 is the "Most Difficult Year Ever" for End-of-Year Financial Planning

Little time left to make big decisions
Saturday, December 8, 2012, 1:27 AM

"This is probably the most difficult end-of-year planning I have ever seen in my career"

~ veteran investment adviser Bob Fitzwilson

As the Fiscal Cliff looms ahead, as well as the implications of new legislation at both the Federal (e.g., "Obamacare") and state (e.g., California's Prop 30) levels, financial advisers are furiously working to calculate the impact these developments will have on their clients' net worth in 2013 and beyond.

Add to that the ugly macroeconomic environment of spiraling sovereign debts and deficits, currency devaluation, and underfunded entitlement programs. At this point, the prudent assumptions to make are that taxes will go higher over time, the money printing machines will run at maximum speed, and when the system really begins to collapse under its own unsustainability the rules will be changed. Perhaps that means capital controls; perhaps it means new restrictions on large asset pools like pension and retirement funds; perhaps it means wealth taxation. At this point, no one knows for sure.

No wonder this is such a difficult moment for end-of-year planning.

So, what to do? » Read more

guest

Bob Fitzwilson

Bob Fitzwilson

Mr. Robert Fitzwilson is the President and Director at The Portola Group, Inc. He founded the firm in 1979. Mr. Filtzwilson has invested in more than 25 companies and founded several software firms. He is a Director of SOMA Networks. Mr. Fitzwilson obtained a B.S. degree in Industrial Engineering from the Purdue University and an M.B.A. from the Stanford University.

Podcast

Ask the Adviser: Creating a Sustainable Portfolio

Invest before you speculate
Friday, October 19, 2012, 11:55 PM

In this latest installment of Ask the Advisor, Chris and Bob Fitzwilson focus on how to approach creating an investment portfolio with the tenets of the Crash Course in mind.

Bob explains how he believes a prudent process starts with securing the essentials for resiliency; in other words, investing in the resources that will sustain yourself and your family regardless of how the financial markets perform. These are things like your local food supply, your homestead, your health, etc. Only after you've created a plan for procuring those should you then focus on what do with any funds left over.

Then the focus should be on your desired lifestyle. Ask yourself: How much do I need to meet my base-case needs and wishes for my family? » Read more

Podcast

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Ask the Adviser: Bob Fitzwilson

Your investing questions answered
Saturday, August 18, 2012, 12:15 AM

This week, we're trying something new in our regular podcast series. Chris talks with Bob Fitzwilson, founder of one of the financial advisory firms that we endorse.

Last week we invited Peak Prosperity readers to submit their top questions about money and investing. You didn't disappoint.

In the podcast below, Chris puts your questions to Bob. We think you'll be pleased with the results. » Read more