Articles by Nick Massey

About Nick Massey

Nick Massey is President of Massey Financial Services in Edmond, OK. Nick can be reached at www.masseyfs.com. Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through Householder Group Estate and Retirement Specialists, LLC, a registered investment adviser. Massey Financial Services, LLC and Householder Group Estate & Retirement Specialists, LLC are separate entities from LPL Financial.

Timing the market

By Nick Massey | August 2, 2022

There is an old Wall Street expression about market timing that says, “It’s not about timing the market. It’s about time in the market.” People think a lot about price in markets but don’t think much about time. For example, think of the Coronavirus crash of March 2020. Stocks dropped 35 percent (which would rank it among the top great bear markets in history), but they only stayed down for a couple of months. I’m sure most people do not consider it one of the great bear markets in history. It happened so fast that nobody sold, and then everyone was bailed out. It ended up being a hiccup in the context of a great bull market.

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A world of uncertainty awaits us

By Nick Massey | July 5, 2022

Volatility and uncertainty are not uncommon in the stock market and the economy. But that is even more so now. Inflation is running hot, wages aren’t keeping up, tech earnings are slowing down, and rates are creeping higher. Those are the things we know, and because the equity markets are forward-looking, it makes sense that these things are largely already priced into stocks. And yet we’re still waking up to sharp volatility and ugly down days. Welcome to my world.

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Tales from the Bull Pen: Golden Cycle

By Nick Massey | June 7, 2022

Earlier this year, I wrote a story about my first year in the investment business, 45 years ago in 1977. I got a lot of interesting feedback on it, and most people seemed to enjoy the story and the history lesson. So I think I might do a few more stories like that this year. (At my age, you become a walking history book, if you can remember it.) As you may recall, in those days, most of the newer brokers were in cubicles in an open area in the office, which we affectionately called the “Bull Pen” for obvious reasons. It was loud and chaotic.

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What Happened to LIBOR?

By Nick Massey | May 3, 2022

I would imagine that you have been losing sleep and wondering what the heck ever happened to LIBOR.  No? One of the most important numbers in finance died at age 52. Actually I’m kidding a little bit, but not entirely. LIBOR stands for the London Interbank Offered Rate as determined by The Bank of England. It became an international benchmark for short term interest rates and a reference point for many types of loans.

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Predictions are tough

By Nick Massey | April 5, 2022

A famous quote from one of the great philosophers of our time, Yogi Berra, was, “Predictions are tough, especially when it involves the future.” I find myself thinking about that a lot lately as people ask me what is going to happen with the economy, interest rates, investments, etc. With all the uncertainty in the world now, I almost feel like walking around with a name tag that says, “I don’t know.” As I write this in mid-March, the uncertainty is off the chart.

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Marshmallow Investing

By Nick Massey | March 1, 2022

Let’s talk about marshmallows and investing. In case you think I might have finally lost it, there is a point here. We can learn a lot about investing from marshmallows. In the 1960s, Stanford University’s nursery school ran an experiment. A group of four- and five-year-old kids were taken into a room and seated at a table. Right in front of them was a marshmallow on a plate. The researchers gave the children a choice. They could eat the marshmallow that was right in front of them now or wait. And if they could wait, the researcher would give them a second marshmallow.

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Inflation – Phase Two

By Nick Massey | February 1, 2022

Caution!!!!! It is beginning and it’s already here. Inflation that is. It brings up mental images of a Godzilla-like creature stomping down our streets and striking terror in all of us. While maybe not that bad, but it is certainly here and coming for you. We might actually call this the Second Phase of Inflation.

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Are we still in a bull market?

By Nick Massey | January 4, 2022

I don’t know about you, but I’m pretty sick of all the virus and vaccine talk. People get a little nuts when the subject comes up. Everyone has a strong opinion about it, it’s pretty equally divided, and nobody is changing their mind. It seems that people are really touchy about this subject. This has been true for a while, but it is still true. Everybody needs to chill out a little.

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Savings us from ourselves

By Nick Massey | December 7, 2021

If you have ever studied the history of the US Federal Reserve, you would have learned that the Fed is supposed to be independent. Sometimes it is, to a degree, and sometimes it isn’t. The current Fed is constrained by politics.  What is the worst thing in the world for the Fed? People losing their jobs.

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Is it really free?

By Nick Massey | November 2, 2021

There has been a lot of talk lately about commission-free trades by some firms. Now, I like free stuff as much as anybody, but is “free” really free? You need to know about this. There are a number of firms jumping on this bandwagon, and one that has been in the news a lot for about three years is the online brokerage firm Robinhood. Many others are doing the same thing, but Robinhood seems to be getting the most publicity.

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