Reduction/sale of Apple Inc.

Reduction/sale of Apple Inc. June 13, 2017

We have reduced and, in a few cases, eliminated your holdings of Apple Inc. (AAPL). This decision was driven by a sense that the Company may be reaching a transition in which its constituency of stakeholders changes from growth investors to more traditional dividend investors, the type of people […]

By | 2018-07-02T10:43:21-07:00 June 20th, 2017|Financial Commentary - Public, Uncategorized|0 Comments

Faith in US Stocks?

I wanted to share some charts that appeared in a recent Bloomberg.com article. They confirm my own experience in speaking with clients and prospective clients at this time: everyone is nervous and untrusting of the stock market. Fortunately, bear markets usually begin from a psychological place of extreme bullishness. So the emotional conditions […]

TFA – Quarter End Report, Sept. 30, 2015

Since “going independent”, that is, changing my relationship with clients from that of “broker” to that of a fee-only investment adviser, in January 2001, the stated objective for Balanced/Value accounts has been to “capture” most of the total returns available from U.S. stocks and with less risk. As shown below, this has been fully achieved […]

By | 2018-07-02T10:43:23-07:00 October 16th, 2015|Financial Commentary - Public, Uncategorized|0 Comments