OAKBROOK TERRACE, IL / ACCESSWIRE / July 27, 2022 / Anthony Pellegrino is one of the founders of Goldstone Financial Group (www.GoldstoneFinancialGroup.com), an SEC Registered Investment Adviser. He is a fiduciary and holds a Series 65 securities license and an Illinois Department of Insurance license. Anthony co-hosts the "Securing Your Financial Future™" television show airing on CBS Sunday mornings following "Face the Nation." Mr. Pellegrino has been featured on Kiplinger many times, offering advice on financial planning and retirement planning. In one recent article, he writes about tactical asset management. Anthony discusses the pros and cons of a "buy and hold" strategy as compared with tactical asset management, especially with respect to the increasingly globalized and interconnected nature of contemporary equities markets.
As Anthony Pellegrino states in his article, "Many investment professionals, including Warren Buffett, advise investors to buy and hold a diversified portfolio of stocks ... and hold and hold. But maybe it's time to try tactical asset management instead." Mr. Pellegrino elaborates on some of the complexities of modern equities markets: "The markets have changed; we're in a global economy. When something happens overseas - Brexit, for example, or debt or stock shifts in Greece or China - we feel it here. It may not make sense to buy and hold certain investments long term, possibly riding them as they go down. If you have stocks that appear to have run their course, why not take some of the chips off the table and pull some of the profits while you can? Sure, there are exceptions, but sometimes if you hold onto a winner too long, it can become a loser."
Anthony Pellegrino then explains what it means to take a more active approach with tactical asset management. "Tactical asset management strategy is 100% math-based. It uses short-term and long-term averages to monitor the market, and when the two averages cross over, it's a signal to become either defensive or bullish. Money managers use technical analysis to move to the sidelines into cash when the market statistical indicators look bleak and to buy back in when their market indicators improve. Timing the market is never a sure thing, and investors who try to do it blindly can get burned if they let their emotions rule their decisions. However tactical asset management takes the emotional side out of the market and focuses on the technical and fundamental aspects instead. That analytical approach can potentially eliminate riding a bull market too long."
Mr. Pellegrino advises readers, "Find someone who will help watch your money with you. Look for a financial adviser who is held to a fiduciary standard, who is legally and ethically bound to put your interests first."
About Anthony Pellegrino, founder of Goldstone Financial Group
Goldstone Financial Group's Anthony Pellegrino has dedicated his practice to not only assisting individuals in planning for their financial futures, but also to remaining by their side as a partner in accomplishing their goals. He creates financial programs that aim to provide regular, predictable profits despite market changes and risks. He accomplishes this by prioritizing the demands of his clientele. Anthony Pellegrino, as a fiduciary, has a legal obligation to prioritize his customers' needs over his own and is held to a higher ethical standard than non-fiduciary advisors.
Anthony Pellegrino was named one of the Top 10 Advisors in America in 2013 and ranked in the Top 1% of all Safe Money Specialists in the country. He has also been recognized as a Five Star Wealth Manager by Chicago Magazine twice, based on customer and peer votes. This is a consumer-based financial services award presented to wealth managers in the Chicago area who received the greatest overall client satisfaction scores. Pellegrino's rising popularity led him to share the stage with former President George W. Bush at the Ronald Reagan International Trade Center in Washington, D.C. He considers himself fortunate to be regarded as a financial expert in the Chicagoland area. Anthony Pellegrino has passed the Series 65 securities examination and is an Investment Adviser Representative. He also holds an Illinois insurance license.
More than 1,500 clients have been helped by Anthony Pellegrino and Goldstone Financial Group to bridge the wage gap during retirement by using accounts with lifetime income features to guarantee earnings and provide a paycheck for life. Pellegrino also provides professional asset management services through a broad range of actively managed accounts and assets. On Sunday mornings, Anthony Pellegrino can be seen on CBS as the co-host of the television show "Securing Your Financial Future." The show previously broadcast on WLS 890AM radio station for five years, where it was regarded as one of Chicago's most listened to* financial and economic radio discussion shows. In his spare time and work at Goldstone Financial Group, Anthony Pellegrino enjoys spending time in the Elmhurst community with his wife and three children. He has a passion for supporting the U.S. military and is an active advocate and sponsor of the USO and Operation Support Our Troops.
Jessica Smith | Market News
SOURCE: Goldstone Financial Group
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