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

I will be resuming periodic blog post go forward

I will be resuming periodic blog post going forward. Watch your email for notifications.

Steve

Tax Docs dlivery

Folio 1099 and 1099r's have been delivered to your tax preparers.  For those with Taxable accounts require Form 8949. these form will not be available the end of the month.

Steve

2016 Required Minimum Distribution Forms

All 2016 Required Minimum Distribution Forms have been emailed to you. Please check your email for the forms and instructions.


Steve

I will be unavailable this coming week. If you need help or need questions answered contact me on or after the 14th. Email is the best as I will be traveling.

2016 Required Minimum Distributions

I have been submitting 2016 RMD request for most accounts. Some account holders have already had their RMD proceeds deposited in their checking accounts.

I will be mailing RMD forms that require signatures this week. When you get the forms please sign them and return them in the envelopes I will be providing.

Steve

Have a Great and Safe 4th of July!

Have a Great and Safe 4th of July!

GWM Accounts Hold Up Well during the Brexit News Selloff.

We weathered the market turmoil well today. Below are screen shots of our Folio positions and how they performed on a day when the Dow Jones Industrial average was down 600 point. Many, if not most, of our positions made money today.

The UK Brexit vote took the markets by surprise.  I had been re-positioning accounts, taking a more defensive posture, the last few weeks as the storm clouds gathered. It paid off today.

(Click on Chart for Easier Viewing)

Core Equity Folio

Small positions in Bristol Meyers (BMY) and Scripps Co (SSP) were sold at a loss.


Sector Rotation Folio

Power Share DB Ag Fund (DBA) was sold. DBA declined roughly 2% on the day.

Major Markets Folio

DBA was also sold in this folio.



Shareholders Services account were 100% in cash going into today's market.

Rydex Accounts did pretty well too due to our positions in the Precious Metals fund (RYPMX) and the Rydex US Government BOnd Fund (RYGBX). I sold the Rydex Series Commodities Fund (RYMBX). RYMBX declined by 3,07% today.



Special Note:

Catalyst Hedged Futures Strategy Fund   (HFXAX)

HFXAX , one of our holdings is relatively non-correlated to the stock market. IT provides some useful diversification in turbulent times.  It is up 4.97% YTD.

This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.