February is more that half over which means we are 2 months away from filing our annual reports to US & State governments about our annual income and expenses.  A question I’ve always had was “How long should we keep our old tax returns?”  Hopefully, the attached article with help clear up that question.

Last week was another strong one for equities as the S&P 500 Total Return was up about 1.2%, just for the week.  Other equity markets were up as well.  What with Monday being a holiday, equity markets will be closed and, as always since I never make predictions, not sure what will happen for the balance of the week.  I just keep emphasizing the unique factors of the portfolio investment strategy are built into our portfolios.

One factor is a built-in strategy for a yearly cash flow, in addition to dividends, interest and market returns.  In a rising market, the portfolio values tend to go up more than just the market returns.  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, these portfolios will underperform market returns as we saw in the 4th quarter of 2018.  (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.

As always, should you like to talk or meet with me, please call or email and we will schedule something.  We will be closed Monday but open for the balance of the week.  I am in the process of moving my office, but all contact information will stay the same.  Enjoy the Presidents day and have a super week.

Doug Alden

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