Category Archives: Letters

On the last day of the quarter, the market closed at a record high, beating it’s record from 2007. This finally brings the general public back to where they were before the market crash of 2008. This is good. It … Continue reading →

I’m concerned about your financial future. Not so much because of the ‘fiscal cliff’ but because we are all living so long. Check out your life expectancy on the internet. If married, look at joint life expectancy. Tom or Rob … Continue reading →

Well the third quarter was great, as was the first (which disappeared in the second quarter). Let’s see if we can’t keep and perhaps add to our gain in the fourth quarter. We face the obvious distraction of the presidential … Continue reading →

Just got a reading of 111 degrees off my thermometer in the sun. If only the stock market could get some heat. The first quarter was great, second quarter – not so much. We still hold a gain for the … Continue reading →

What a difference a new year brings! It was amazing to watch the change in stock market performance from 2011 to 2012. As I mentioned in our last letter, 2011 was a year of angst and gnashing of teeth. The … Continue reading →

As I write this on the last trading day of the year, a gain or loss on the S&P index is still up in the air This, after 12 months of almost continuous volatility. The year included 67 “all or … Continue reading →

The economic malaise which is apparent in our unemployment, gross domestic output, and residential real estate values, continues. A double-dip recession is possible but not probable. Stock values which had held until this recent quarter were supported by rapidly increasing … Continue reading →

Three heads are better than two. With Rob Gephart joining Tom and me, we are even better positioned to help you with any financial issues or questions you have. We are well equipped to handle more clients and more assets, … Continue reading →

We’re very excited to announce an addition to our team effective today. Rob Gephart has joined us to manage our information technology, regulatory compliance and to bolster our office efficiency. Rob comes to us with almost 20 years of experience … Continue reading →

2010 somewhat surprised on the upside. Although we were conservatively positioned, we participated fully in the average market gains due largely to good stock selection and lucrative option premiums. We continue to see anecdotal indications that our economy is gradually … Continue reading →