Tax Deadline Approaching:
The tax filing deadline this year is Tuesday, April 17th. If you have not yet had your 2017 income tax return prepared, don’t forget to take advantage of the CSV (Excel) file that is available to you for downloading the transactions in any taxable accounts directly to most tax preparation software programs. This can save both time and money. We are here to help where we can so don’t hesitate to call if you have any questions. We can also provide this information to your tax preparer for you if you will provide us with their name and email address.
Schedule Your Personal Review Today:
As the second quarter of the year gets into full swing, it’s a great time to call and schedule your personal review if you have not yet done so this year. We can either schedule a review in our new offices or online utilizing our Go-To-Meeting option. Please call today and reserve a day and time that best fits your schedule.
The major U.S. stock indices have continued to see the volatility that started this year back in early February. Even with the market swings the first part of April, the Dow Jones Industrial Average has risen slightly, approximately 1%, since the end of March. The broader based Standard & Poor’s 500 index has risen .6% so far this month through last Friday, April 13th. (Google Finance)
Interest rates have risen slightly over the past two weeks, with the yield for the 10-Year U.S. Treasury increasing to 2.84% compared with 2.74% at the beginning of this month. (CNBC). The national average for a 30-year fixed mortgage is now at 4.35% and 3.75% for the 15-year fixed rate as of last Friday. (Bankrate.com)
In an effort to help offset current market volatility, we took a more conservative approach to our client portfolio allocations during the first half of this month. We have moved the current allocation portion of our client portfolios to fixed income funds, while keeping the equity/stock exposure limited to our current stock models for all risk levels. We will continue to monitor the situation and make changes moving forward if warranted.
The economy and corporate earnings continue to improve in general, and at this time we do not see recession in the months ahead. Tax cuts are just now being realized, both at the corporate and individual level, and should help the economy continue the current growth pattern as we move ahead in 2018. Market volatility will likely be the norm as there are still some headwinds for the markets at this time, which include geo-political issues, interest rates, and the possibility of higher inflation.
As always, please don’t hesitate to contact us at any time if you have any questions or concerns, or if we can be of further service in any way. We truly appreciate the privilege of serving each and every one of you now and in the years to come.
Your TEAM at F.I.G. Financial Advisory Services, Inc.
It is important that you do not use this e-mail to request or authorize the purchase or sale of any security
or commodity, or to request any other transactions. Any such request, orders or instructions will not be
accepted and will not be processed.
All items discussed in this report are for informational purposes only, are not advice of any kind, and are
not intended as a solicitation to buy, hold, or sell any securities. Nothing contained herein constitutes tax,
legal, insurance, or investment advice.
Stocks and bonds and commodities are not FDIC insured and can fall in value, and any investment
information, securities and commodities mentioned in this report may not be suitable for everyone.
U.S. Treasury bonds and Treasury bills are guaranteed by the U.S. government and, if held to maturity,
offer a fixed rate of return and guaranteed principal value. U.S. government bonds are issued and
guaranteed as to the timely payment of principal and interest by the federal government. Treasury bills are
certificates reflecting short-term (less than one year) obligations of the U.S. government.
Past performance is not a guarantee of future performance. Different investments involve different
degrees of risk, and there can be no assurance that the future performance of any investment, security,
commodity or investment strategy that is referenced will be profitable or be suitable for your portfolio.
The information has been obtained from sources considered to be reliable, but we do not guarantee that
the foregoing material is accurate or complete. The information contained in this report does not purport to
be a complete description of the securities, markets, or developments referred to in this material. Any
information is not a complete summary or statement of all available data necessary for making an
investment decision and does not constitute a recommendation.
Before making any investments or making any type of investment decision, please consult with your
financial advisor and determine how a security may fit into your investment portfolio, how a decision may
affect your financial position and how it may impact your financial goals.
All opinions are subject to change without notice in response to changing market and/or economic
1 The Dow Jones Industrials Average is an unmanaged index of 30 major companies which cannot be
invested into directly. Past performance does not guarantee future results.
3 The S&P 500 Index is an unmanaged index of 500 larger companies which cannot be invested into
directly. Past performance does not guarantee future results.