Money Clip

Blog by Matthias Paul Kuhlmey


Matthias Paul Kuhlmey is a Managing Director & Partner at HighTower Advisors, where he serves as wealth manager to High Net Worth and Ultra-High Net Worth Individuals, Family Offices, and Institutions.

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  • Happiness: The Holiday Edition

    Thursday, December 18, 2014

    Posted by: Matthias Paul Kuhlmey

    As featured on HuffingtonPost.com

    http://www.huffingtonpost.com/matthias-paul-kuhlmey/happiness-the-holiday-edition_b_6334450.html

    It is again the time of the year when well-wishes for “happiness and prosperity” are splattered all over the place. With dedicated intent, or none at all, millions of these greetings are being sent. On the receiving end, we may not even recognize the complexity of the matter: happiness, already, is a tricky subject, let alone happiness and prosperity. For starters, instinct and popular wisdom tell us that money cannot buy happiness, and that happy people do not necessarily need money (or a lot of it) to optimize their state of content; although this is a somewhat logical conclusion, the whole topic is a bit more complicated.

    To continue reading, please click here for the full article.

  • COLLECTIVE WISDOM – MONEYLIFE RADIO SHOW

    Wednesday, December 17, 2014

    Posted by: Matthias Paul Kuhlmey

    This morning, my colleagues, Patrick Fruzzetti, Matt Harris, and I made an appearance on Chuck Jaffe’s MoneyLife Show to discuss deflationary pressure in the global economy, opportunities for active management, and our favorite market sectors for 2015. Please click here to listen.

    HighTower was designed specifically not to follow a single viewpoint, or “house view,” in Wall Street jargon. Consequently, as we do not have to sell product, but rather provide advice, our business model allows us to reduce or avoid many conflicts we may have faced earlier in our careers as financial advisors. As partners in our business, we take great pride and responsibility in sharing best practices and ideas to deliver excellence to our clients.

  • The Greenback Stops Here

    Friday, December 12, 2014

    Posted By: Matthias Paul Kuhlmey

    As featured at WealthManagement.com

    http://wealthmanagement.com/viewpoints/greenback-stops-here

    “A dollar is a dollar,” was the daring statement of President Nixon in a 1971 TV address. Whereas we do not want to discuss the logical fallacy of his near-attempt to hoax the American nation that year, it is interesting how the debate of the world’s reserve currency has been playing out. The U.S. dollar, at least on a trade-weighted basis (measured against a basket of international currencies), has been in a declining trend for more than a decade, typically only having experienced strength and provided safety during times of crisis. Current developments, however, appear to be different: the appetite for the greenback has been strong, with net speculative positions pro the dollar at the highest mark since 2008, when, once again, risk avoidance was the key for long position-building.

    To continue reading, please click here for the full article.

  • Collective Wisdom – MoneyLife Radio Show

    Wednesday, December 10, 2014

    Posted by: Matthias Paul Kuhlmey

    This morning, my colleagues, Leo Kelly, Matt Harris and I made an appearance on Chuck Jaffe’s MoneyLife Show to discuss the recent strength of the US dollar and offer a broader perspective regarding currency investing. Please click here to listen.

    HighTower was designed specifically not to follow a single viewpoint, or “house view,” in Wall Street jargon. Consequently, as we do not have to sell product, but rather provide advice, our business model allows us to reduce or avoid many conflicts we may have faced earlier in our careers as financial advisors. As partners in our business, we take great pride and responsibility in sharing best practices and ideas to deliver excellence to our clients.

  • Still Greasy

    Thursday, December 4, 2014

    2014-12-04 WM.com Image

    Posted By: Matthias Paul Kuhlmey

    As featured at WealthManagement.com

    http://wealthmanagement.com/viewpoints/still-greasy

    This blog might as well serve as Part II of my last entry, “The End of Oil … And Other Things.” With energy prices providing a “thrilling” roller-coaster sensation as of late, we have no choice but to focus more closely on the continued and sharp decline of oil. As discussed already, oil most certainly is a volatile investment, with ten-year standard deviation readings doubling that of the S&P 500. Whereas select market observers are now taking the view of oil foreshadowing the onset of deflationary market forces and a consequent sell-off in risk assets, there continues to be a hopeful perspective of “bargain hunting” for the long run. When in doubt, I like to assess potential value from different angles:

    To continue reading, please click here for the full article.

  • The End of Oil… and Other Things

    Thursday, November 20, 2014

    Posted by: Matthias Paul Kuhlmey

    As featured on WealthManagement.com:

    http://wealthmanagement.com/viewpoints/end-oil-and-other-things

    The news of oil having reached a 5-year low last week is nothing but bullish for U.S. consumers and corporations. Even though the black gold has been trading below $80/barrel, down -20 percent since June, the International Energy Agency (IEA) predicts that the current price decline is not over. Needless to say, many investors remain bullish on oil in the long run, and anticipate picking up bargains in many of the energy names that have suffered in the wake of the recent consolidation. The investment case and overall macro impact, however, are rather complex.

    To continue reading, please click here for the full article.

  • Collective Wisdom – MoneyLife Radio Show

    Wednesday, November 19, 2014

    Posted by: Matthias Paul Kuhlmey

    This week, many of HighTower’s brightest minds are gathering in Las Vegas for our semi-annual partners meeting and investment forum, which has proven to be a very exciting and intellectually stimulating means of generating investment ideas for the benefit of our clients. We look forward to sharing some of these ideas in the coming weeks. Related to this topic, this morning I made an appearance on Chuck Jaffe’s MoneyLife Show, along with my colleague Matt Harris, to discuss the various ways the Hightower partnership exchanges investment views, and the notable characteristics of our crowd-sourced asset allocation survey. Please click here to listen.

  • Patchwork Investing

    Tuesday, November 18, 2014

    Posted by: Matthias Paul Kuhlmey

    As featured on HuffingtonPost.com:

    http://www.huffingtonpost.com/matthias-paul-kuhlmey/patchwork-investing_b_6173228.html

     There is nothing like that safety pin to replace a missing button, or piece of tape to give the rearview mirror the last fix; it may not be pretty, but it works–at least somewhat. Beyond these rather frivolous examples, our tolerance for the imperfect has seemingly reached a new high threshold. Yes, I dare to address the state of our nation’s infrastructure, and for my message to be delivered clearly in this opening paragraph, please recall the last time you couldn’t avoid the gigantic pothole while driving down the street, the train that never made it due to flooding of the station or “signal problems,” or–a classic– when the power was out (again) for no obvious reason.

    To continue reading, please click here for the full article.

  • Emerge

    Friday, November 14, 2014

    Posted by: Matthias Paul Kuhlmey

    As featured on WealthManagement.com:

    http://wealthmanagement.com/viewpoints/emerge

    Emerging markets (EM) have fallen out of favor; long forgotten is the exciting heyday of BRIC investing, and tales of who would be the world’s next superpower. To the contrary, we have convinced ourselves that the U.S. has decoupled from the rest of a sluggish global economy, and that the domestic equity story is just about to really heat up. I am not so sure. Whereas it is difficult to develop excitement around many other developed markets, especially within the gridlock of Europe, it is quite apparent that developing markets are under-owned. And whenever the herd runs one way, it is time to emerge from the dust and take a different view.

    To continue reading, please click here for the full article.