NetWorth Radio Advance Report - May 21, 2018

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for May 21, 2018.

Advance Report

Radio Show

Powerful Interviews

Disclaimer: Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended and/or purchased by adviser), or product made reference to directly or indirectly on this Website, or indirectly via link to any unaffiliated third-party Website, will be profitable or equal to corresponding indicated performance levels.

Different types of investments involve varying degrees of risk. No client or prospective client should assume that any information presented and/or made available on this Website serves as the receipt of, or a substitute for, personalized individual advice from the adviser or any other investment professional. Links provided from this website are strictly for informational purposes and are not an endorsement or recommendation of the site, company, content, or its sponsoring organization by McGowanGroup Asset Management, Inc.

U.S. 2 Year Treasury Yield (Approx. 10 Years)

-Courtesy of Bloomberg LP

NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Dr. W. Michael Cox

W. Michael Cox is the founding director of the O’Neil Center for Global Markets and Freedom at the Southern Methodist University Cox School of Business.  The focus of the O’Neil Center is the study of the impact of competitive market forces on freedom and prosperity in the global economy. Additionally, a major new initiative of the O’Neil Center is the The Texas Economic Freedom project which will study the economic system of Texas.

Dr. Cox is formerly Chief Economist and Senior Vice President of the Federal Reserve Bank of Dallas, where he served for 25 years advising the President on monetary and other economic policies.  He holds the unique distinction of being the Federal Reserve System’s only Chief Economist in history.

Cox is widely published in the nation’s leading business press, Fed publications and academic journals.  He is the author of numerous op ed articles for The Wall Street JournalThe New York TimesUSA TodayFinancial Times, and Investor’s Business Daily; and his work has appeared in virtually every major newspaper and magazine worldwide.

Dr. Cox co-authored the Fed’s acclaimed series of annual report essays on capitalism, globalization, and American living standards.  He has contributed to a number of public policy issues, and his research is frequently designated as required reading for Congress.

Dr. Cox has comprehensively documented American progress and its delivery mechanism-free markets.  Looking at multiple aspects of living standards, he proves that capitalism is far and away the economic system that best provides for the progress of nations.  He battles economic doomsayers and capitalism’s enemies with his book, Myths of Rich and Poor: Why We’re Better Off Than We Think.

The media rely on Dr. Cox’s ability to make plain sense out of difficult economic issues.  He is a frequent guest on national radio, television and Internet programs, including ABC’s John Stossel program, CNN, Fox News, ReasonTV, Voice of America, National Public Radio and BizRadio.

He is Past President of the Association of Private Enterprise Education, a CATO Institute Adjunct Scholar, Senior Fellow at the National Center for Policy Analysis, Senior Fellow at the Dallas Fed’s Globalization and Monetary Policy Institute, and a Distinguished Scholar of his undergraduate alma mater Hendrix College.  His thirty four years of university teaching include Virginia Tech, the University of Rochester and Southern Methodist University. 

Cox is President and CEO of W. Michael Cox and Associates, LLP, a Dallas-based private consulting group.  He lives in Dallas with his wife Maria and daughter McKenna.

Dr. Cox’s recommended reading for investors, mentioned in the interview, is available HERE with emphasis on Chapter 7.

Alerian M.L.P. Index and West Texas Intermediate Crude (Approx. 5 Years)

-Courtesy of Bloomberg LP

NetWorth Radio’s Dallas Business Leadership Series: Spencer McGowan Interviews Jay D. Hatfield

Mr. Hatfield has almost three decades of experience in the securities and investment industries.  At Infrastructure Capital Advisors, LLC (ICA), he is the portfolio manager of InfraCap MLP ETF (NYSE: AMZA), InfraCap REIT Preferred ETF (NYSE: PFFR) and a series of hedge funds.  He leads the investment team and directs the company’s business development.

During his career, Mr. Hatfield has gained a broad perspective on the U.S. financial markets with years as an investment banker, a research director and portfolio manager, and as a co-founder of a NYSE-listed company.  A focus on companies that own real or hard assets, like energy infrastructure and real estate, runs through Mr. Hatfield’s career.

Prior to forming ICA, he partnered with senior energy industry executives to acquire several midstream MLPs.  These companies were merged to form a company now known as NGL Energy Partners, LP (NYSE: NGL).  NGL was an IPO in May 2011.  He is a general partner of the publicly-traded company.

In the years prior to forming NGL, Mr. Hatfield was a portfolio manager at SAC Capital (now Point72 Asset Management), running a portfolio focused on income securities.  He joined SAC from Zimmer Lucas Partners, a hedge fund focused on energy and utility sectors, where he was head of research.  Earlier in his career, he was head of an investment banking unit at CIBC/Oppenheimer and a Principal in an investment banking unit at Morgan Stanley & Co.  He began his career as a CPA at Ernst & Young.  He holds an MBA from the Wharton School at the University of Pennsylvania and a BS from the University of California at Davis.

Featured Research Solutions:

Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.

*Energy Stocks: A Surprising Defensive Play?

*Cohen and Steers Updates on Energy Infrastructure.

*Q2 Outlook!

Start the Process Today! Be sure to indicate what size portfolio sample you would like to see. A link will arrive when we receive your questionnaire.

Start the process of updating your investment plan today.