Richard Bernstein: Income-Chasing a Losing Approach

At a recent press luncheon sponsored by Eaton Vance, Bernstein Advisor CEO Richard Bernstein argued that financial advisors and investors who have “spent the last two years looking for income are big-time losers—they just don’t know it yet.” This according to a recent article in Financial Advisor magazine. Bernstein said that back in 2000, “advisors didn’t want income,” but that after a decade of rock-bottom rates, income has become the primary focus for “yield-starved clients.”… Read More

Crisis Predictors Offer Advice

Three of the financial minds who warned of the current credit crisis — Banc of America Securities-Merrill Lynch’s Richard Bernstein, PIMCO’s Paul McCulley, and author and former Wall Streeter Richard Bookstaber — offered their views on the current economy and what investors should do in this market on WealthTrack with Consuelo Mack recently. (Click on the WealthTrack Video on Demand image to watch the video.) Bernstein said it is difficult to form a consistent investment… Read More