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Economic and Stock Market Update (3rd Quarter 2018)

We value communication with our clients regarding their accounts and the atmosphere surrounding the markets in general. Each client receives a personalize letter each quarter updating them on the performance of their individual portfolios, the assets that they hold and where we think that the market is going.

This is a letter that we send to our clients every quarter. It will be individualized with their personal account performance. Read More

It’s time to use money funds again

By Don Gross, CFA

After the 2008 financial crisis interest rates got so low that all short, safe securities paid almost no interest. Bank savings accounts became attractive as banks pushed rates higher to attract new funds. During this time, we closed our money market funds and spread our client’s cash management funds over multiple banks (due to the $250,000 FDIC limit).

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Economic and Stock Market Update (2nd Quarter 2018)

By Bret Hartman, IAR

We value communication with our clients regarding their accounts and the atmosphere surrounding the markets in general. Each client receives a personalize letter each quarter updating them on the performance of their individual portfolios, the assets that they hold and where we think that the market is going.

This is a letter that we send to our clients every quarter. It will be individualized with their personal account performance.

Read More

Benefit of Naming Beneficiaries

By Karyn Koenig

It is never an easy topic to discuss what will happen to us when we are gone. But sometimes it is the simplest aspects of planning for our loved ones that can be the most beneficial.

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Economic and Stock Market Update (1st Quarter 2018)

This is a sample of the letter that I send to all of my management clients on a quarterly basis.

Economic and Stock Market Update

U.S. GDP grew at 2.9% in the previous quarter and forward-looking estimates show U.S. GDP growth in the 2.5-3% range for 2018.  Current valuations are rich but the following data points support this: “Full employment”, wage growth, tax reform, strong corporate earnings + buybacks and low interest rates (although rising).  However, as we have said in previous letters there are large risks that were not priced into the market.  Most notably a potential trade war.  The market has begun to discount this risk. Other risks that could push the U.S. economy closer to a recession include:  The Fed hiking too quickly, accelerating consumer debt levels, growing deficits and other geo political risks.  We expect GDP growth to come in at the low end of consensus estimates.

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