2018 Folio Institutional 1099Rs mailed out today

Your 2018 Folio Institutional 1099Rs were mailed out today.

For those clients that have both a Folio 1099r (IRAs) and a Folio taxable account, all 1099s will be mailed out in the second half of February.

Steve

2018 Tax 1099s and 8949s will be mailed to all Clients in February 2019

2018 Tax 1099s and  8949s will be mailed to all clients in February 2019.

2017 Tax 1099s and 8949s will be mailed to all Folio Clients on Monday

2017 Tax 1099s and  8949s will be mailed to all Folio Clients on Monday.

Steve

Market Volatility

Volatility has clearly taken the markets up and down in a big way the last couple days.  Big ups and downs may continue another week or two. Many times long stretches of low volatility, like we had last year,  are followed with periods heightened volatility. The quickness of the moves is quite something to watch.

The world economy is doing very well and profits are at an all time high. Due to this fact I think the market will recover and make new highs this year. 

Our managed accounts have 20 to 30 % cash at the moment, so we have a cushion and available funds to invest as the market begins to behave normally.

Stephen

Good Day for large gains in some of our holdings

The world economy has been growing in strength. Company earning have been good. Here is how some of the GWM portfolio holdings really shined today.

The Core Equities Folio

High Tech up sharply.

Microsoft was up 6.49% today

Alphabet (Google) was up 4.4%

Apple was up 3.57%

The Sector Rotation Folio

The S&P Select Tech Spdr ETF XLK)

XLK was up 2.68%

The Equity Growth Folio

The High Tech Sector ETF (TQQQ)

TQQQ was up 8.76%

2017 IRA Required Minimum Distribution Request forms have been mailed to you.

2017 IRA Required Minimum Distribution Request forms have been mailed to you. You should get them next week. Please sign, date and return them to me as soon as you can.

Steve

Vanguard Wellesley Income Inv (VWINX)

I have begun using Vanguard Wellesley Income as a conservative addition to the GWM Portfolios. It is composed of well selected stocks and bonds. 

Market risk is elevated currently due to a number of reasons. The primary risk is a volatile Geo-Political environment that is hard to gauge right now.  The North Korean Nuclear chatter is in the spot light.  

I have both,  reduced market exposure, as well as, employed the Vanguard Wellesley Income Fund as a cautious approach for the moment.

Steve