Periscope Newsletter & Blog

This is some blog description about this site

Periscope Weekly Investment Newsletter.

With All These Changes, We Remain Consistent

We live in changing times. Recently, our custodian of choice, ETRADE, announced they would be acquired by Morgan Stanley at the end of this year, 2020. Please rest assured that we have no dog in the fight. That is to say, our only obligation is to you, our clients. If the fees go up, or if the service declines, or if we feel conflicts of interest, or for any other reasons, please know that we have many options. We do, and will continue to, put your interests (our clients interests) ahead of our own. In fact, we just negotiated lower fees for all of our clients with ETrade. For details, contact your wealth manager.

Importantly, I’m optimistic about the merger. The combined assets of these huge companies surpass $3 trillion. This may present to you new benefits that otherwise we would not have had. I expect this situation to be invisible to you. I expect you will continue to be happy that you chose a small firm like ours instead of a massive conglomerate. We know you. We will remain consistent through these changing times.

Continue reading
  236 Hits
236 Hits

Coronavirus and Groundhog Day

I thought I would write about this last week, for Groundhog's Day, but God had other plans for our family and so this is a week late but still relevant. As of the time of writing, the Coronavirus is still on the uptrend and the cure has not been found. The number of folks who have died from this virus exceeds other quickly-spreading epidemics...but is far less than die from the common flu, every year. It is sad, but perhaps a little less so when we put it into perspective.

From the point of view of this Periscope, the Coronavirus outbreak is a blip on the radar screen of our investment time horizon. And it may, in fact, present some of our managers an opportunity to buy good companies at lower prices. The fear is palpable and the volatility has increased in 2020. You'll note the word volatility does not mean "downward." Prices, again, are largely setting new highs. We are volatile to the upside, recently, as well as downside.

It's a good time to tune it all out. But, before I do, I want to show the data in some detail below. Notice this nice list of scary epidemics and the resulting short-term affects on the S&P 500 equities market, as measured by the S&P 500 index. (1)

My take on Coronavirus-like outbreaks in the past is either "meh" or it is "wow!” But it’s not, “sell now!”

The future for Coronavirus is as unknown as anything. However, my prediction is that it is likely to be similar to the outbreaks in the past. I don’t know how we will solve it—either in China or in any other country—nor do I know when we will solve it. I rest confidently knowing that we will, because we always have before.

Continue reading
  297 Hits
297 Hits

Go Tax Free

A&I Financial Services - Karl Frank Book - Go Tax Free






An assortment of tools and strategies that give readers of all backgrounds a clear, specific action plan for obtaining the maximum allowable control over when and how they pay taxes.
Learn more

Green Initiative Side Bar 2

Go Paperless 

Addressing Global Concerns on an individualized basis