The Independent Market Observer

Mick Comiskey, CAIA

Mick Comiskey, CAIA, is an investment risk analyst on the Investment Management and Research team at Commonwealth Financial Network®, member FINRA/SIPC, the nation's largest privately held Registered Investment Adviser–independent broker/dealer. In this role, he provides quantitative risk analysis for Commonwealth’s Preferred Portfolio Services® (PPS) Select program and the Commonwealth Model portfolios. He attended Bentley University, where he earned a BS in economics and finance, and he holds the Chartered Alternative Investment Analyst (CAIA) designation.

Recent Posts

Playing the Long Game: Investor Expectations Vs. Results

August 14, 2019

Brad here. Today's post on playing the long game of investing (and golf) comes to you from Mick Comiskey, an investment risk analyst on our Investment Management and Research team. Take it away, Mick. 

In many aspects of life, if your expectations exceed the range of possibilities, you will be disappointed. This axiom is devastatingly true when it comes to investing—and infuriatingly true in the game of golf. The extended bull market in the U.S. has led to a widening gap between investor and advisor market expectations. A similar gap exists between the weekend golfer playing friends for lunch and the PGA Tour pro playing for a casual million dollars.

Continue reading → Leave a comment

Subscribe via Email
2025Outlook_CTA_IMO_233x400_v2
Crash-Test Investing

Hot Topics
New Call-to-action

In The News

The worst of our fears aren't showing up in stock prices
Money Life, 1/27/2025 

S&P 500 edges higher, Nasdaq dips in choppy session as inflation data eyed
Reuters, 1/15/2025

Advisors Urge Caution As Alternatives Go Mainstream
FA Magazine, 1/13/2025 

Credit Markets Signal Warning for a Relentless Equity Rally
Bloomberg, 1/07/2025

What Does the Latest Fed Rate Cut Mean for Markets?
Advisorpedia, 12/26/24

More

Conversations

Archives

see all

Subscribe

Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly in an index.

The MSCI EAFE (Europe, Australia, Far East) Index is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.

One basis point (bp) is equal to 1/100th of 1 percent, or 0.01 percent.

The VIX (CBOE Volatility Index) measures the market’s expectation of 30-day volatility across a wide range of S&P 500 options.

The forward price-to-earnings (P/E) ratio divides the current share price of the index by its estimated future earnings.

Third-party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided on these websites. Information on such sites, including third-party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRA, SIPC

Please review our Terms of Use. 

Commonwealth Financial Network®