Two Rules | Rule #1 Do Not Lose Your Principal | Rule #2 See Rule #1

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J. Michael Stolp

J. Michael Stolp is Managing Member of CFO Solutions LLC, founded by Michael in 1991. CFO is a registered investment advisory and boutique financial planning firm with corporate offices in Scottsdale, Arizona. He is based and resides in Scottsdale. CFO specializes in the unique planning needs of doctors, other professionals, and small business owners, and the economic issues facing them.

Keep Your Money Safe for Retirement! You’ve worked hard. You’ve earned your savings. Don’t lose it all now on risky investments. We can help you keep your money safe and create the retirement you want, when you want it. We charge no commissions, and no client of ours has ever lost a dime who followed our risk averse philosophy. Contact one of our CFO Financial Advisors today and find out how.

At CFO Solutions, we hear the following comments all the time, “I wish I would have started this process earlier in my life”, and “I wish I would have heard about you sooner”. It’s never too late, but when it comes to preparing for the future, the sooner you start the better. An earlier start will allow your investments more time to earn and mature.

Healthy retirement planning depends on asset allocation rather than on the performance of one single investment. For this reason, we recommend that you spread your investment capital around. However, don’t just spread your savings for the sake of diversification. Be sure your investments are safe and thoroughly discussed with a professional.


The benchmark S&P 500 index climbed to an intraday record Monday as investors flocked to U.S. equities following a surprisingly strong jobs report last Friday.The S&P 500 SPX, +0.54% most recently was trading 10 points, or 0.5%, higher at 2,139.70, surpassing the previous intraday record of 2,134.72 set on May 21, 2015 when the large-cap benchmark scored a record close at 2,130.82. The index traded as high as 2,140.51in early Monday trade. Gains were led by technology, energy and industrials stocks, while defensive sectors such as utilities, telecoms and consumer-staples were trading lower.“It is amazing to see what very low interest rates globally could do for [equities]. Stocks are being driven to new highs in part because of search for yield and in part on anticipation that earnings will start improving this year,” said Eric Wiegand, senior portfolio manager at the Private Client Reserve, U.S. Bank.Wiegand noted that given the fact that stocks are fully valued, “volatility will remain the name of the game.”

Source: S&P 500 jumps to record intraday-trading high – MarketWatch

Treasuries rallied, with 10- and 30-year yields closing at record lows, as the growing pool of negative-yielding debt worldwide boosted the appeal of U.S. securities.Benchmark yields fell to unprecedented levels as signs of slowing growth in Europe ended a five-day rally in global stocks. A U.S. jobs report July 8 may offer clues to the direction of the Federal Reserve’s next interest-rate move.

Source: Global Negative-Yield Pool Deepens as Treasuries Rally to Record – Bloomberg

Insurers helped cheerlead the creation of Obamacare, with plenty of encouragement – and pressure – from Democrats and the Obama administration. As long as the Affordable Care Act included an individual mandate that forced Americans to buy its product, insurers offered political cover for the government takeover of the individual-plan marketplaces. With the prospect of tens of millions of new customers forced into the market for comprehensive health-insurance plans, whether they needed that coverage or not, underwriters saw potential for a massive windfall of profits. Six years later, those dreams have failed to materialize. Now some insurers want taxpayers to provide them the profits to which they feel entitled — not through superior products and services, but through lawsuits.

Source: Obamacare Insurers Are Looking for a Taxpayer Bailout | The Fiscal Times

As dawn broke over a shocked Brussels, a group of European MEPs warned that last night’s astonishing Brexit vote will cause the EU to ‘crumble to pieces’ within the next five years. Their statement came as Britain voted to leave the EU, contrary to all projections by pollsters, to the bewilderment of the Eurocrats in Brussels. ‘This is the beginning of the end for the EU,’ Peter Lundgren, an MEP from the far-Right Sweden Democrat party, told MailOnline. ‘So many other countries will follow the UK. Europe will fall.’

Source: MEPs say EU will CRUMBLE within five years after Brexit result | Daily Mail Online