Schwab has announced that tax documents will be available February 26th. To view or download your documents (after Feb 26) follow the steps below: Go to www.fpai.net. At the top of the page, click the “Clients” link. From the drop down menu links click “Schwab Alliance Login.” If you have previously set up your login credentials, enter them, login and find your documents.… Read more →
Some of our asset management clients will have noticed that I have sold some positions in some of their accounts recently. As a rule, we prefer to not sell positions, especially in taxable accounts. Instead, we have distributions paid to cash and use the cash to purchase new positions in order to rebalance the accounts. In this case, we have sold positions in… Read more →
Our investment management clients will now find preliminary 4th quarter reports posted in their secure folders. It was a pretty good quarter for most, with the average total return being a gain of 1.92%. The cost of living decreased by approximately 0.15%. Final inflation numbers will become available around the 20th of January. Category returns for the quarter, and the year are shown below.… Read more →
This week we Americans celebrate my favorite holiday, Thanksgiving. The idea is to pause from our usual daily pursuits in order to give thanks for all of the really good stuff in life. And when I say really good stuff of course I’m talking about mashed potatoes, gravy, turkey and stuffing. No, actually those are only the “good stuff.” The “really… Read more →
Asset management clients of Financial Planning Associates, Inc. please note that your 3rd quarter preliminary reports have been posted to your secure folder. Our clients lost some value during the quarter, typically 5% to 7%. Because securities have been “on sale” we have been purchasing assets in those accounts where it is appropriate. In the longer term we believe this will… Read more →
