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 29th, 2014
There was some very good economic news this morning as results were released on personal income and outlays. Month over month personal income rose .3% and year over year is up 4.3%. Consumer spending jumped 0.5% in the month of August and year over year is up 4.1%. In August there was a nice jump in auto sales but nondurables were pulled down by lower gasoline prices. While lower gasoline prices are a positive putting more money in consumers’ pockets they can lower retail sales figures.
The pending home sales index was released and is not look as good as last week’s new home sales. Pending home sales were down 1.0% in August which caused the index to fall to 104.7 from July’s 105.9. The rental market remains strong and appears to be keeping first time buyers from buying a new home. As the rental market remains strong rents will increase and renters will shift to first time buyers in the home buying market. Also mortgage rates are still low but will rise in future months and this will cause some of the fence sitters to get off the fence and make their purchase before rates move much higher.