As I write this week’s digest, everyone is looking to the US senate to pass their version of a tax bill that, if it’s passed by both houses of congress and sent to the president for his signature, will be the first major overhaul of our outdated tax code since Reagan got it done in the 1980s.  I’ve read as much as I can, short of reading the actual bill, and I think overall this will help the country for both businesses and consumers.  I will be in Colorado next week but will be keeping tabs on what happens and will try to keep you as much up to date as I will be.

However, no matter what happens, please remember the trading strategy we are using for our equity clients is designed to over-preform rising markets by about 7%+/- while under-performing declining markets.  And, while it’s not guaranteed, should the markets crash fast and suddenly, this strategy is designed to recover most, if not all, the losses.

One question I repeatedly get is “How do you get wealthy?”  And I always answer, “It’s simple, just spend less than you make”.  The article, “Five Financial Rules to Live By” gives us some simple rules to implement into our lifestyle.  Even the video is worth watching.  Part of our strategic planning process, “The Liberated Investor Advantage” ™, puts an emphasis on saving at least 15% of your gross annual income.  In our process, we use a rules book and a game board to help you visualize your personal financial engine and see how all your financial choices are working together and what that just might turn out to be for you and your family.

Pretty soon, it’s going to be Amazon vs Walmart with the rest of the big box stores fighting for the crumbs.  Surprisingly, some of the beneficiaries of on-line shopping are the smaller vendors.  The trading strategy used by the money manager of our portfolios has been made available because of technology and how it has democratized investing strategies that were once only available to the very large investors.  The results have been impressive this year as we head toward the end of 2017.

I had some fun with the “State by State Guide to Taxes on Retirements”.  Enjoy playing around with the various states and how they treat their citizens when it comes to taxes.  No matter how you look at it, we are a heavily taxed citizenry.  Finally, no matter what happens, if we get dealt lemons, make some lemonade.  Now, let’s all go out and have a great week.

Doug Alden

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