October has become my new January or, in other words, what I’m coming to recognize as the real beginning of each year when it comes to managing money. Here’s a bit more on that thought.
Susan
October Issues:
Due to what is often heightened market volatility, many new ideas and opportunities emerge. We also learn what to let go of. The last few Octobers left me with a real sense of needing to trust the efficient-market hypothesis (EMH) as developed by Professor Eugene Fama.
It basically states that stock prices reflect all available information making it extremely difficult for investors to beat the market indices by trying to pick stocks.
I’ve had the pleasure of meeting Dr. Fama and work with Dimensional. It does serve clients well.
This October is, in my opinion, also likely to show us that the Warren Buffet style of “look for values with a significant margin of safety relative to prices” may be a good idea too. There’s room for both theories.
The point to take out of this is simply that regardless of what October brings it is the beginning of our next 12 months and I’m confident we’ll find the opportunities.
International Monetary Fund:
For perspective on global growth projections country-by-country, data on currency issues such as the Chinese Yuan, inflation and debt, I encourage you to visit their website @ www.imf.org.
Year-end Planning & Service Update
This is the time to make sure that all required distributions have been taken from IRA accounts, schedule a time to discuss tax projections for 2016, capture gains and/or losses and get positioned for a profitable next year.
LPL Financial has advised that the online Account View will be undergoing maintenance October 7-9. You may not be able to login as usual so be patient and I’ll be available on the 11th if needed.
Thanks to you, I was named once again to the Five Star Wealth Managers list for 2016 as seen in the September issue of Phoenix magazine!
Let me know if you have any questions or need any additional resources.
Until next time,
Susan R. Linkous, AIF®
The Linkous Group, Ltd.
A Registered Investment Advisor