It’s not as bad as it looks

If you were to look for the definition of “Volatility” in your dictionary or on the Internet, you would see a picture of the Dow Jones Index for the first quarter of 2018. During this three months there have been thirteen (13) days in which the Dow Jones Index has fallen at least one percent (with a DJI of 24,000 this would equal at least a drop of 240 points) – on two of those thirteen days the correction was actually more than 1,000 points. By comparison, in all of 2017 there were only total eight days that has a movement up or down of 1%! I could say that this was “NUTS” but that is not a good professional or technical term.

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Market Performance 2018 with Liz Ann Sonders

Liz Ann Sonders is the Chief Investment Strategist for Charles Schwab & Co., Inc. because she has a remarkable talent for simplifying securities market data and all the noise that confuses many analysts. Many have asked what we expect for the market performance in 2018 considering the extraordinary gains make in 2017. So now with the help of her presentation we have an educated response. Our major takeaways are the risk of a recession, a correction or Bear Market, and volatility.

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Is Life Insurance a Good Investment?

Is life insurance a good investment? Life insurance can be a wise investment, but not necessarily a good investment tool. Let me explain.

There are two main reasons to have life insurance. One is to cover the cost of a debt in case of the death of the person that is the main source income so that the debt will not be burden to those left behind. Second, life insurance can be used as a source to replace the income of someone who is the main breadwinner in a household.

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What is Family Wealth Management

Family Wealth Management: What is this? A process whereby individuals and couples put together a full financial picture of what they own. A qualified financial advisor can be a great source to help you with this process. They can work along with your CPA, attorney, bank and insurance agent to pull together all that you own for a complete financial picture. Most advisors will provide this as part of their regular service and others may charge a fee.

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A Brief Look at the GOP Tax Proposed Legislation

November 8, 2017

NOVEMBER NEWSLETTER

A BRIEF LOOK AT THE GOP TAX PROPOSED LEGISLATION

Well after months of waiting it has happened – the GOP has presented its legislation to reform and/or reduce income taxes. The new bill entitled “Tax Cuts and Jobs Act” is said to be the most significant rewrite of the tax code since 1986. The attempts to simplify the tax code so that millions of taxpayers may be able to file a postcard size tax return is now facing the grueling process of approval in both the House and Senate. While the final form of the legislation is anyone’s guess at this time, there are some facets of the proposal, effecting individuals, we need to consider.

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Trust- Should You Have One? Can You Afford One?

Should you have one? Can you afford one? Yes and Yes. Trusts are not just for the wealthy. They are the best way to pass your assets to others. Utilizing a revocable trust eliminates the probate process and related costs. Revocable trusts also make the transfer of assets seamless for those that benefit.

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Tax Reform

Alright so what is up with the tax reform proposed by the president and being considered by Congress?

Well as in any legislation there will be winners and losers; or, said another way – those who smile and those who frown. The reform package presented by the president was vague and lacked details, which were left to Congress to fill in the specifics. And remember the reduction in taxes must be offset with additional revenue otherwise the national debt will continue to climb; so, all deductions, credits and tax deferral arrangements are on the table to produce the revenue necessary to fund the tax rate cuts. I have scanned the internet looking for articles reflecting the uncertain effect of the tax reform package as it is being drafted and attached five which I believe are critical to our understanding.

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Services Provided by FMI

To: All clients

From: Jack, Mike and Kayla

July newsletter

Well we hope we can all survive this summer heat wave. As veterans of Oklahoma summers we all knew what to expect, we were just hoping to prolong the spring-like weather longer. Come join us for a cold bottle of water and air conditioning at our new offices at 130 D. St. NW. We have two state-of-the-art conference rooms our clients are free to schedule for meetings with accountants, attorneys or other professionals.

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The BULLS and BEARS

The BULLS and the BEARS

I just came across the attached ‘The History of U. S. Bear and Bull Markets Since 1926” prepared by First Trust Portfolios L.P. this year. The graphical presentations display the durations, total returns and average annual returns, for the eight Bear markets and the nine Bull markets from 1926 to 2016. We thought it was interesting and wanted our clients to be aware of the historical significance of these market fluctuations. These are some of the observations we take away from the data:

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Six Bad Excuses for Not Saving for Retirement

May 2017 Newsletter-Six Bad Excuses for Not Saving for Retirement.

An August 2012 article by Sheyna Steiner published by Fox Business listed the following six bad reasons not to save for retirement are paraphrased here:

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