For Thanksgiving Jean & I decided to visit our daughters in Memphis.  It’s about 550 miles one way.  As we started, Jean chimed in with a phrase I’m sure most of us have heard or said, “Are we there yet?”.  8 ½ hours later, we parked at the hotel in Memphis where we were staying.

As we head into December, the same question can be asked about equities, “Are we there yet?  After an extremely positive 2017 for stocks, the market has had a little indigestion this year.  The attached article gives a pretty good summary for being at or near the bottom of this market cycle.

Regardless of whether the markets are at the bottom or close to the bottom, I want to keep repeating what our portfolio managers are doing that is a totally unique and a one of a kind investment strategy.  One factor is a built-in strategy for a yearly cash flow of about 7%+/-, in addition to dividends and interest.  Another ingredient included is that, in the event of a sudden and dramatic drop like 9/11, the portfolios are designed to recover most, if not all, the losses.  The only drawback is that, if the markets trend down as we’ve experienced over the last couple of months, these portfolios will underperform market returns.  (There is no free lunch) And, please always remember there are no guarantees when it comes to investing in the equity markets and investing does have risks.

So, we will soon find out if “We’re there yet”.

I hope everyone has a super week.  And, please don’t hesitate to call or email me should you have any questions.

Doug Alden

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