Capsule: Nick Stonnnington, Stonnington Group LLC

The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets.
JAN 04, 2009
By  Bloomberg
NICK STONNINGTON President Stonnington Group LLC Los Angeles Assets under management: $250 million Forecast: The country is about to enter "an era of sustainability" that will affect both the economy and the financial markets. "We're at a really important point in the development of our economy, and how we adapt will potentially be one of the most critical turning points in our history, following the Revolution, the Civil War and the Great Depression," Mr. Stonnington said. The environment will play an increasingly prominent role in the economy. In coming years, "the question will be how do we maintain the economy and the ecology?" he said. In 2009, sustaining cash flow will be considered more important than a company's growth model, he said. Not coincidentally, Mr. Stonnington said he expects stocks to remain at current levels. The 2009 finish line: The Dow: 8,000 The Nasdaq: 1,500 The S&P 500: 900 Tip sheet: Favorite stock: Broadcom Corp. (BRCM). Favorite sector: Health care. Next big thing: Cooperatives. Biggest concern: Policymakers deferring tough decisions. Reading, watching, listening to: Book: "Eco-economy, Building an Economy for the Earth" by Lester R. Brown (W.W. Norton & Co., 2001). TV: "Lost." Movie: "Australia." Website: hulu.com.

Latest News

Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says
Married retirees could be in for an $18,100 Social Security cut by 2032, CRFB says

A new analysis finds long-running fiscal woes coupled with impacts from the One Big Beautiful Bill Act stand to erode the major pillar for retirement income planning.

SEC bars New Jersey advisor after $9.9M fraud against Gold Star families
SEC bars New Jersey advisor after $9.9M fraud against Gold Star families

Caz Craffy, whom the Department of Justice hit with a 12-year prison term last year for defrauding grieving military families, has been officially exiled from the securities agency.

Navigating the great wealth transfer: Are advisors ready for both waves?
Navigating the great wealth transfer: Are advisors ready for both waves?

After years or decades spent building deep relationships with clients, experienced advisors' attention and intention must turn toward their spouses, children, and future generations.

UBS Financial loses another investor lawsuit involving Tesla stock
UBS Financial loses another investor lawsuit involving Tesla stock

The customer’s UBS financial advisor allegedly mishandled an options strategy called a collar, according to the client’s attorney.

Trump's one big beautiful bill reshapes charitable giving for donors and advisors
Trump's one big beautiful bill reshapes charitable giving for donors and advisors

An expansion to a 2017 TCJA provision, a permanent increase to the standard deduction, and additional incentives for non-itemizers add new twists to the donate-or-wait decision.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.