October 2014 Newsletter to Clients

Enjoy this month’s edition which features a year to date summary of fund performance, a tax planning tip and clarification on TD Ameritrade notification of cash disbursements.

Markets:  The profitability of US companies continues to improve despite the sluggish economic recovery. Once both begin moving in the same direction, we predict even higher stock prices. Low labor costs, low energy costs, more efficient use of assets and low interest rates continue to make US companies an attractive investment. We remain confident in the long term management of the mutual funds we are utilizing.

Data presented reflects past performance. Past performance is no guarantee of future results. Current performance may be higher or lower than the performance shown. Investment return and fund share value will fluctuate, and redemption value may be more or less than original cost. Data assumes reinvestment of dividends and capital gains.

Miscellaneous:  Most states begin mailing property tax bills in October. If you are over 65 it is possible you are eligible for a reduction in your property taxes if you apply for a homestead exemption. Be sure to contact your local PVA office if you believe you might be eligible for such a reduction.

TD Ameritrade (TDA) recently began sending notifications to all clients for cash and/or security disbursements from TD Ameritrade. The notifications are generated when funds are withdrawn or assets transferred to a TDA account that is controlled by another party/entity. Clients will receive these notifications each time a non-recurring disbursement is made and only one-time for recurring disbursements such as monthly IRA distributions. These notifications serve as an additional fraud control so you know when funds are disbursed from your accounts.

Thanks 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.