February 2017 Newsletter to Clients
Submitted by Moneywatch Advisors on February 7th, 2017Enjoy this month’s edition that features an investment portfolio change, economy & stock market update, home selling tip, annual business continuity plan and important tax documents mailing deadlines.
Let’s begin with a little air traffic control humor…
Tower: "TWA 2341, for noise abatement turn right 45 Degrees."
TWA 2341: "Center, we are at 35,000 feet. How much noise can we make up here?"
Tower: "Sir, have you ever heard the noise a 747 makes when it hits a 727?"
Mutual Fund Change: Your investment selection committee made the decision to switch out of a midcap growth fund in favor of a better performer. Janus Enterprise (JAENX) is a five-star rated midcap growth fund and a $1 purchase was made to establish the position before it closed to new investors. During your next quarterly review, Janus Enterprise will replace American Century Heritage for all eligible clients.
Economy & Stock Market: Future economic growth seems assured given the moves by the new federal administration to reduce regulations. White House leadership is committed to economic growth in the U.S.A. The stock market never moves in one direction indefinitely. Yes, the market per the Dow Jones pierced the 20,000 mark but has since settled back. In my humble opinion, based on 50+ years of market watching, equity prices are headed higher for a good time to come.
Home Sale: Thinking of selling your home? Have a professional appraiser visit your home and create a valuable selling tool, an appraisal. Be prepared to sell your home for somewhere between 5% either side of the appraised value. We recommend having a firm deal to sell your home before buying the new one.
Business Continuity Plan: Our updated 2017 Business Continuity Plan is included with this month’s newsletter. Please do not hesitate to contact Ramsey with any questions regarding this policy.
Tax Preparation: In preparation for the upcoming tax season, the following important documents for 2016 will be mailed by:
• Management Fees Paid (Moneywatch Advisors will mail in February)
• Realized Gains & Loss Report for taxable accounts (Moneywatch Advisors will mail in February)
• 1099’s (TD Ameritrade will begin issuing in late February)
Thank you for your continuing confidence.
Past performance is no guarantee of future results. The opinions expressed are those of Moneywatch Advisors, Inc. and are no guarantee of the future performance of any particular fund. This information is for educational purposes only and is not intended as investment advice. Please consult your financial advisor for more detailed information or for advice regarding your individual situation.
