At Wilsey Asset Management, our main goal is to provide attractive returns for clients on their investments by using a common sense approach to investing. Brent Wilsey, the President of Wilsey Asset Management, has been in the investment arena for 30 years. Brent uses the old principle of buying low and selling high. This is all based on a fundamental analysis of a company’s financial statements. There is no emotion or hype in investing at Wilsey Asset Management, which is why our motto stands strong "No Emotions, Just Results". All final investment decisions are made by Brent. His money is invested the same as yours with no sales commissions; an advisory fee-only based on account value. Financial independence starts with Wilsey Asset Management.

Whatever your goals, we can help you get there

Our commitment to you; our staff consists of experienced professionals with a "hands-on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about making your dreams a reality. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your dreams.

Daily Economic Update

October 31st, 2014

Personal income and outlays were released this morning, month over month personal income increased 0.2% on top of the prior months increase of 0.3%. Consumer spending fell 0.2% month over month as a decline in gasoline prices along with a little bit lower number for auto sales cause a decline in consumer spending. The decline in lower gasoline prices overall is a positive.

Very good news on the Chicago purchasing managers index which increased 66.2 well above the estimate of 60.5 and the prior month reading of 60.5 as well. The report was called the perfect report since there were gains in new orders, backlog orders and a draw on inventories. Adding to the good economic news this morning was the final reading on consumer sentiment for October which came in at 86.9 beating the estimate of 86.4 and also the prior reading of 86.4.

With this good economic news in both consumer sentiment and Chicago PMI The data continues to back up that the fourth-quarter along with a good holiday season will be very strong. I keep repeating this because I know some still do not believe it but the data is pointing out that it will be a good fourth quarter.

Some still believe in the old saying "sell in May and go away and come back after October" that did not work this year, during that timeframe the stock market was up 6.7%. It did not work in 2013 either, during that timeframe in 2013 the market was up over 10%.

For those that hit the sell button in mid October due to emotional fear they have messed a 7 to 8% rebound in the markets. This is why it is so important to know the fundamentals of the companies in your portfolio and if you don't know them and your advisor doesn't know them it is time to find a new advisor who understands and takes the time to find companies with strong fundamentals.