APR 2014
Q1 2014 Investment letter. We recognize the new high levels in the U.S. Equity markets and fully expect that we might see a correction. But, even at these levels, we do not consider U.S. Equity markets to be overpriced. Q1 2014 Letter
read more...JAN 2014
2013 Year in Review. We hope the markets will provide enough return for investors to make meaningful progress towards their financial goals, without taking undue risk. Investors expecting immediate income from their portfolios to fund current income needs will continue to be stressed for yield. But for longer-term oriented investors with a sensible financial plan […]
read more...DEC 2013
Nov 2013 investment letter. A checklist of some tax topics for year-end investment planning that may be relevant to affluent Individuals and families. 2013 Nov Letter
read more...OCT 2013
Q3 2013 Investment letter. In the upcoming quarter we will review our clients’ portfolios for capital gains and losses. This allows us to make tax aware changes to portfolios and to re-balance them if necessary. Q3 2013 Letter
read more...SEP 2013
Aug 2013 investment letter. I am a big advocate of privacy. But when it comes to our financial matters there is a downside to it that can cost a lot. 2013 Aug Letter
read more...JUL 2013
Q2 2013 Investment letter. Despite the recent strong stock market performance we plan to hold a high percentage of equities in portfolios, as we believe that equity markets are still fairly valued. We also continue to advocate a high level of non U.S. diversification because the U.S. represents less than half of global investing opportunities. […]
read more...MAY 2013
Apr 2013 investment letter. Looking ahead, I allow myself some reassurance that “Things will be alright”. But I am reminded of a quote: “Things will be alright”, does not mean, that “Things will stay the same”. 2013 Apr Letter
read more...APR 2013
Q1 2013 Investment letter. Our current outlook for stocks is cautious, especially given the sharp run-up in their prices, and we have taken some profits. We still find emerging-markets stocks attractive over our five-year time horizon and are tilted towards foreign emerging markets and developed markets stocks, despite their recent underperformance. We also believe that […]
read more...Feb 2013
Do you need a quick reference to key financial numbers like current tax rates or current mileage reimbursement rates? Key Financial numbers (Click on the link) or read pdf 2013 Key Financial numbers. (Click on the title to read a pdf).
read more...JAN 2013
2012 Year in Review. Given continued risks and modest return expectations for most asset classes, our portfolios are positioned conservatively but not excessively cautiously. We also hold some opportunistic assets that may perform well and continue to look for more opportunities. But, this strategy requires patience; fortunately, 2012 was an example of it working. 2012 […]
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