Quarterly Investment Update – 4th Quarter 2017

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Dear Clients and Friends,   The year 2017 provided us with all-time record highs for the stock market.  The Standard & Poor’s 500 Index closed at 2,673.61, up 19.08% for the year.  Down days have been scarcer than usual during 2017 and down weeks and months were even scarcer.  The enclosed chart, provided by Charles Schwab, depicts every monthly change … Read More

Quarterly Investment Update – 2nd Quarter 2017

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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

Quarterly Investment Update – 1st Quarter 2017

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      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

Quarterly Investment Update – 4th Quarter 2016

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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

Quarterly Investment Update – 3rd Quarter 2016

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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