Recent Newsletters
December 31, 2010 TPWC Newsletter
The letter is in .pdf format and is best read using Adobe Reader. If you don’t have the curent version you can get it at: http://get.adobe.com/reader/
As always your comments and/or questions are welcome.
Jeff
Market & Economic Update
September 23, 2010
The Recession is Over (and Has Been Since June 2009)
The End Was Then
In a formal announcement, the National Bureau of Economic Analysis (NBER) proclaimed the so-called Great-Recession to be over. More, they determined that it actually had ended last June, and somehow no one noticed!…
Bull Market Blues
Investors Flee as Market Rises
As I write this on September 23, toward the end of a month noted for the worst average performance in the U.S. equity markets, the Dow has risen to 10,748 and the S&P 500 to 1,135 mid-day. Not counting dividends, my simple math tells me that the Dow has risen about 64% and the S&P 500 about 68% since the market bottom back March of 2009. Over that same period the Investment Company Institute (ICI) reports that equity (stock) mutual funds have had $145 billion dollars more liquidations than deposits. Meanwhile, bond funds have received about $594 billion more than
was paid out…
Click on the link below for the rest of the story.
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TPWC, A Fee-Based Investment Adviser
By Jeff McClure
The Personal Wealth Coach is a fee-based, independent investment advisory firm. What that means to you, the investor, is that we are a fiduciary firm, and that each of our individual advisers are obligated both ethically and legally to act in all case solely in your best interest!
We at TPWC operate under the Investment Advisers Act of 1940 and as such are obligated to disclose all fees and charges and whenever possible to avoid any conflicts of interest between us and our clients. If there are conflicts of interest, such as payments being made directly or indirectly to a member of TPWC, we will disclose those payments, how much they are, and under what circumstances they might happen. Further, we will state why we believe such conflicts are actually in our clients’ best interests. We do that in writing as well as verbally.
For more details about how we do business and our philosophy, click on the Methodology and Philosophy tabs above.