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MAY 2022 Newsletter

May 17, 2022
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On March 17th, 2020, Bank of America Vice Chairman Keith Banks wisely said on CNBC’s Squawk Box, “The reality is, it's time in the market, not timing the market.” Warren Buffet, one of the greatest investors of all time, is quoted as saying, “Someone’s sitting in the shade today because someone planted a tree a long time ago.” This quote reflects the foundational basis of his investment philosophy.  And finally, our favorite Warren Buffet quote references the psyche of investing, as he stated, “The most important quality for an investor is temperament, not intellect.” 

When your psyche is challenged by the volatility in the markets, keeping it all in perspective can be tough at times. But this is one of the many reasons you are not going it alone. When times seem turbulent, it’s good to have someone to reach out to who can help you keep that big picture in mind. Here are six charts from LPL Research to help put the latest bout of volatility in perspective and remind us of the benefits of long-term investing. 

Should you still feel uneasy, please feel welcome to give us a call.

Monthly Points of Interest

  • We are excited to announce that Financial Advisor Eric Howland has earned the professional designation of Chartered Retirement Plan CounselorSM. The CRPC® is conferred by the College for Financial Planning. Congratulations Eric!

  • On May 31st, Tax Form 5498 will be sent to clients and the IRS. Form 5498 is used to report contributions on IRAs, which include traditional and Roth, as well as Savings Incentive Match Plan for Employees (SIMPLE) and Simplified Employee Pension (SEP). You do not need Tax Form 5498 in order to file your final tax return, but is important that you keep this information for your records. Please click here for more information on Form 5498.

  • Our "Client Frequently Asked Questions" (FAQ) page includes answers to many of your questions regarding online account access, secure email, going paperless, and much more. We encourage you to bookmark this page as we regularly update this important information.

  • We are in the process of scheduling annual reviews. Please anticipate a call from one of our team members in this regard, or utilize our convenient online scheduling tool to coordinate a convenient time for you to visit with your advisor.