April 2018 Newsletter to ClientsSubmitted by Moneywatch Advisors on April 9th, 2018
Enjoy this month’s edition that features a SUMMARY OF MATERIAL CHANGES for Moneywatch Advisors’ ADV, Brochure Part 2, a reminder about tax return reviews and a chart of the S&P 500 from 1955 to present.
The Summary of Material Changes was included with your monthly statement and is a requirement of Moneywatch by the Securities and Exchange Commission. Annually, we update our ADV to update key items about our firm such as the assets under management of the firm, key officers, and our investment style. It is a publicly available document. If you ever have any questions about our ADV, please contact Ramsey.
Tax Planning: We welcome the opportunity to review your annual tax returns after they’ve been filed. Ramsey reviewed two so far this year and found discrepancies on both that, once discovered, saved each client a few hundred dollars in taxes owed. This isn’t a case of gotcha, just an effort to search for opportunities. Moneywatch wants to serve as the quarterback for all things financial; reviewing the return assists us in this role.
Intra-family finance is an area of Moneywatch expertise. We have assisted clients by serving as the arbiter in loans to children. We can provide advice as to the appropriate interest rate and repayment schedule. Additionally, we help you maintain a record of personal family transactions.
Stock Market: The stock market in 2017 exhibited the least amount of volatility – ups and downs – in more than five decades. Last year, the S&P 500 – a common measurement of the broad stock market – didn’t move 2% in a day even once. 2018, so far, has made up for it. The market, as of the first of April, has moved more than 2% in a day already six times! Similarly, last year the market moved at least 1% only 8 times. This year? 23 times already.
So, as you might expect, the financial commentators are practically breathless as they try and dissect the meaning of these fluctuations. Rest assured, however, because you have us to worry about these gyrations and keep you on target toward your goals. Additionally, the chart below should help put things into perspective. As you can see, when the S&P 500 is viewed through a wide lens, not only are the bumps smoother, but the ride is gradually up.
As always, please call if you’d like to schedule a meeting or talk further.
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.