Go Tax Free

Greetings! ,

Times are busy around A&I Financial Services! Last weekend, some of us made gourmet barbecue, others went to the mountains, and a handful of us ran the Bolder Boulder. If you don't believe me, check the photo with the shoe tags. Although the Frank family isn't setting any public speed records, we had our all-time best run, beating last year's pace by 15 minutes, ending only 63 minutes slower than the winner!

Go Tax Free

I wrote a book! Go Tax Free is available to the public June 10th, on Amazon and in local bookstores. We're looking for a big splash when I speak at the MDRT national conference in Philadelphia, Pennsylvania. MDRT is an international organization of financial professionals, and it is quite an honor to be a speaker.

Go Tax Free

A limited number of early release books are available today for book reviews. If you would like to read the book and provide a review on the Amazon web site, e-mail me!

Inside the book, you'll learn 17 ways to get more control over your taxes and your investments.

Weekly Economic Update


Last month brought a 2.3% gain in new home sales and an 0.6% increase in existing home sales. Distressed properties (short sales and foreclosures) represented only 18% of residential resales in April, the National Association of Realtors noted; compare that with 28% of sales in April 2012. NAR also announced that the median existing home price was $192,800 in April, 11.0% higher than a year ago. The pace of new home buying has improved 29.0% in the past 12 months, according to the Census Bureau.1,2


The May 1 Federal Open Market Committee minutes were released last Wednesday, shortly after Federal Reserve chairman Ben Bernanke mentioned the need to sustain the central bank's current stimulus effort in Congress. The minutes, however, noted that "a number" of Fed officials were open to scaling down QE3 as soon as June if economic indicators sufficiently improved. Concern and confusion about these mixed messages put more volatility into the markets and factored into a 3-day losing streak for the S&P 500.3


This contrasts with March's 5.9% decrease. With transportation orders factored out, the April increase was still 1.3%. Census Bureau reports have noted improvements in hard goods orders in two of the past three months, even with the sequester.4


While the small-cap benchmark fell 1.20% last week, it also made history on May 20: it attained the 1,000 level for the first time. The RUT settled Friday at 984.28. The S&P 500 (-1.07% to 1,649.61), DJIA (-0.33% to 15,303.10) and NASDAQ (-1.14% to 3,459.14) all slipped last week.4,5,6,7

Market Summary

% ChangeY-T-D1 Yr Chg5-Year Avg
DJIA +16.78 +22.13 +4.52
NASDAQ +14.56 +21.83 +8.30
S&P 500 +15.66 +24.91 +3.98

(Source: usatoday.com thestreet.co, bigcharts.com, treasury.gov, (05/24/13). Past performance is no guarantee of future results. Indices are unmanaged, and investors cannot invest in them directly.

Create a beautiful week!

karl signature

Karl Frank, MBA, MSF
Certified Financial Planner (R)
A & I Financial Services LLC


  1. http://csmonitor.com/Business/new-economy/2013/0523/New-home-sales-rise-but-market-still-a-long-way-from-normal [5/23/13]
  2. http://realtor.org/news-releases/2013/05/april-existing-home-sales-up-but-constrained [5/22/13]
  3. http://reuters.com/article/2013/05/22/markets-usa-stocks-idUSL2N0E321R20130522 [5/22/13]
  4. http://thestreet.com/story/11933260/1/sp-poised-for-three-day-losing-streak-amid-qe-wind-down-chatter.html [5/24/13]
  5. http://marketwatch.com/story/russell-2000-index-breaks-above-1000-2013-05-20 [5/20/13]
  6. http://blogs.barrons.com/stockstowatchtoday/2013/05/24/dow-ekes-out-friday-gain-down-for-the-week/ [5/24/13]
  7. http://usatoday.idmanagedsolutions.com/stocks/overview.idms?index

Securities offered through Geneos Wealth Management, Inc., member FINRA/SIPC. Investment advisory services offered through A&I Financial Services LLC, registered investment advisor.


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