Quarterly Investment Update – 3rd Quarter 2017

Dear Clients & Friends, As the stock market continues to go even higher into record territory, our strategy is shifting to a more “cautious” view. We will continue to buy stocks and equity funds, but we are also building up our defenses against the day when Wall Street’s grand old bull finally rolls over. Sometimes, it seems as if a … Read More

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Special Investment Update – August 15, 2017

Dear Clients and Friends, As we stressed in the past, risks are mounting for Wall Street’s long-running and rapidly aging bull. Our defensive strategy does not require us to sell all of our stocks – far from it. In fact, we have continued to buy dividend-rich securities for projected returns in excess of 10%. However, we have and will continue … Read More

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Quarterly Investment Update – 2nd Quarter 2017

Dear Clients & Friends, After three months of going sideways, the Dow Jones Industrial Average finally popped above its March 1 closing high on June 1, at 2,430.06, and continued upward toward gradual new highs throughout the month of June. On Wednesday, June 14, the Federal Reserve raised short-term interest rates another quarter-point to a range of 1%-1.25% for federal … Read More

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Special Investment Update – May 25, 2017

Dear Clients & Friends, Ninety-eight months and counting! Key U.S. stock indexes touched fresh all-time highs in mid-May, cementing the post-2009 bull market as the second-longest in the nation’s history. While it would be nice to believe the good times will roll forever, common sense suggests otherwise. Almost 48 weeks have now elapsed since the last 5% pullback in the … Read More

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Quarterly Investment Update – 1st Quarter 2017

      QUARTERLY INVESTMENT UPDATE 1st QUARTER 2017 Dear Clients & Friends, March 9, 2009. Hard to believe, but it was eight years ago last month that the stock market touched its last major bottom. It was the depths of the global financial crisis. Unemployment was soaring. Investors feared an uncontrollable collapse of the world banking system. Yet, at … Read More

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Special Investment Update – February 10, 2017

SPECIAL INVESTMENT UPDATE Dear Clients & Friends, Donald Trump’s November victory took Wall Street by surprise. From Election Day to January 19, President in-waiting Donald Trump teased the media and tweeted up a storm. But now, President-elect Trump is President Trump. He’s making real decisions with the force of the law. Obviously, Trump is a man with no small ego. … Read More

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Quarterly Investment Update – 4th Quarter 2016

QUARTERLY INVESTMENT UPDATE 4TH QUARTER 2016 Dear Clients and Friends, Donald Trump’s upset victory in the presidential race came as a shock to millions of people. Few presidential elections have stunned so many observers as this latest one. Whether you were pleased with the result or dismayed, you were almost certainly surprised. Investors have displayed their confusion as well.  Stock … Read More

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Special Investment Update – October 31, 2016

SPECIAL INVESTMENT UPDATE Dear Clients & Friends, Soon the election will be over! For investors, that means the end is in sight for the nagging uncertainty that has held the stock market back, so far, from launching into its traditional 4th quarter rally. Even though government policies will differ somewhat depending on which presidential candidate wins, history shows that the … Read More

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Quarterly Investment Update – 3rd Quarter 2016

QUARTERLY INVESTMENT UPDATE 3RD QUARTER 2016 October 3, 2016 Dear Clients and Friends,   It is remarkable these days how quickly investors become unhinged. Whatever the cause, it seems that financial markets are reacting to any news with emotion rather than the mind, which is opposite of how we should behave. As we discussed in our last special update, we … Read More

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Special Investment Update – August 10, 2016

SPECIAL INVESTMENT UPDATE August 10, 2016 Dear Clients and Friends, The financial markets are acting a little confused these days. Stocks, bonds, oil and the dollar all seem unsure of themselves, limping around indecisively from one trading session to the next. Over the past several weeks, the Standard & Poor’s 500 Index has traded in its narrowest range since September … Read More

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