Recent Articles

Market Recap

While domestic and geopolitical concerns continued to make daily headlines, the major stock market indices experienced another positive quarter. The 3rd quarter extended the upward momentum, allowing equity investors to continue enjoying solid returns for 2017.
Political stories dominated the headlines during the 2nd quarter, but investors were the beneficiaries of another set of solid gains for the major market indices although the ride was somewhat bumpy. Stocks were strengthened by good corporate earnings, the prospect of possible tax cuts, and strong economic numbers in the foreign markets. This extended gains from the 1st quarter, with the Dow’s YTD change at 8.03% closing at 21,350. The S&P YTD change through 6/30/17 was 8.24% closing at 2,423 while the NASDAQ was up 14.07% closing at 6,140 for the same time period.

Investing & Economic Commentary

You may have seen we recently added Apple (AAPL) to your portfolio. We view Apple as an innovative hardware, software and service company with a strong growth trajectory, trading at an attractive ~15.0x expected earnings.
With a mixture of excitement and a touch of trepidation, we are wading into the great Facebook debate. Warren Buffett famously said that it’s wise to be ‘fearful when others are greedy and greedy when others are fearful.”

Financial Planning

While there is virtually an unlimited number of topics in personal finance to write on, I like to address client questions in my articles. This one relates to something I wrote about 2 years ago (here) and is a good reminder to always double check the rules.
The “major tax reform” is coming to a head with the final package agreed to by the House and Senate, soon to be signed into law by the President. On the individual side, not much has really changed and, as a disappointment to the author, it isn’t any simpler. Let’s take a look at the major provisions of the individual tax law beginning 2018.