Monthly Client Letters

August 2020

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Watching a Cardinal game with cardboard people in the stands and piped in fan sounds is not tripping my trigger, However, the other night I took a break from reading, put my book down and, idly curious, started to check a few channels.

July 2020

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We’ve written before how we encourage investors to think not of being a ‘stockholder’, but rather in terms of having passive ownership of companies. Our client, Carla, took it one step further with her experience at Destin Commons in Florida.

June 2020

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And now we approach the mid-point of the year, the month that for many of us begins the vacation season. The beach or mountains or lakes, even perhaps a trip outside the country.

Required Minimum Distribution Alert

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The coronavirus bill passed by Congress and signed by the President includes allowing you to not take a Minimum Distribution from your retirement plan this year! If your expenses can be met without tapping into your retirement savings, you could benefit in two important ways:

May 2020

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We think it is time to take a break. The local NBC TV station updates daily the Covid-19 statistics for the St. Louis metropolitan area. Add to that the newspaper and national television radio and TV networks constant reporting of negative news.

April 2020

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Tower to White Swan, “What is your ETA?”
There are Black Swans (most often defined as an anomaly, an unexpected event, with potential negative consequences: we are experiencing that with covid-19!) and there are White Swans, but what about Grey Swans?

Investment Alert

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We are in the midst of the most irrational investor behavior since 1987, as I write about in the letter to our clients quoted below. Our current buy list includes Great American Companies that have strong financials, positive earnings and dividend growth potential, and have increased their dividends annually for over 25 years—several for over 50 years.

March 2020

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Black Monday—1987! Over a 22% decline in one day!
We didn’t have the computer systems then that we have today, so I was up until around 2-3:00 a.m.with a yellow legal pad, a couple of pencils, and a hand-held calculator. The bargains were every where.

February 2020

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How many times in recent years have the media scared the ‘whatever’ out of readers by portending doom in bold headlines?

January 2020

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Here come the pundits with predictions galore. It’s that time again, when turning the corner into a new year brings out the prognosticators. Where will the Dow be? What will be the best performing stock? Will the Fed raise interest rates? Will Trump be impeached?