December 2019 Client Letter

They will probably rise. Our forecast (it’s a guess really) is favorable not only because stocks rise in seven out of every ten years, but also because election years have historically been good for stocks…

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November 2019 Client Letter

For investors who may be new to dividend investing, a tempting first place to look for ideas is with the highest-yielding dividend stocks. If dividends are the goal, the assumption is bigger dividends are better than smaller dividends.

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October 2019 Client Letter

Several years ago, the Wall Street Journal reported the investment success of Vermont resident Ronald Read. The story recounted how Read accumulated an estate valued at almost $8 million.

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September 2019 Client Letter

It’s easy to declare a recession is on the horizon. The economy, like the markets, is cyclical, and eventually, our economy will go from a growth path to one of contraction…

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August 2019 Client Letter

On August 15, the 10-year Treasury note offered a yield of 1.52%. The S&P 500 offered a yield of 1.83% and the NASDAQ composite a measly 0.97%. Think those yields are low? More than $15 trillion of government bonds worldwide now trade at negative yields, with 10-year German government bonds recently hitting a low of -0.71%.

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