WELCOME TO WILSEY ASSET MANAGEMENT
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
September 2nd, 2014
A very busy morning here in the office after the long weekend, but economic data was so strong this morning I had to take time out to share with everyone. First the ISM manufacturing index known as Institute of supply managers, showed a strong gain in August coming in at 59.0 up from last month’s 57.1 and well above the expectation of 56.8. New orders were very strong rising to 66.7 on top of a very strong 63.4 in July, production was also strong at 64.5 and even employment held strong at 58.1. All these numbers show that manufacturing in the United States is looking very good. This will contribute to a strong GDP number for the third quarter. I also heard this morning that the 59.0 is the highest number since 2004.
Also strong was construction spending which rose month over month 1.8% with increases seen in the public sector up 3% after dropping 1.8% in June and the private nonresidential spending climbed 2.1% in July after falling 0.8% in June. Private residential outlays also gained 0.7% in July after 80.4% dip in June.
While the stock market continues to dance around new all-time highs from both the Dow Jones industrials and the S&P 500 economic data backs up these high levels as businesses continue to increase profits as the economy continues to grow.