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Countering Volatility with Counterintuitive Action

April 2017  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
Countering Volatility with Counterintuitive Action
My mom asked me once how I swallowed pills. “Show me,” she said. I went through the motions of pretending to put a pill in my mouth, mimed the act of taking a sip of water, then leaned my head back and swallowed. “That’s exactly the opposite of what you should do,” she said. “Instead of leaning...

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Have we seen the beginning of the Great Rotation?

January 2017  By: MALCOLM BUTLER, JD
Have we seen the beginning of the Great Rotation?
Over the past 35 years, interest rates on bonds have been in a gradual decline. The decline in interest rates has gone hand-in-hand with rising bond valuations since bond values move inversely to interest rates. Bond investors have thus enjoyed a long period of rising returns due to market...

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Expectations for Future Equity Returns

January 2017  By: TFG INVESTMENT TEAM
Expectations for Future Equity Returns
The S&P 500 reported its eighth consecutive year of positive returns in 2016, a feat last achieved in the 1990’s. That winning streak appeared in question in early November, with the S&P 500 up roughly 2% for the year. As the U.S. Presidential election approached, the consensus among market...

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The Benefits of Trusts

January 2017  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
The Benefits of Trusts
Trusts can serve many purposes in a family’s financial, retirement, estate, and tax planning. Trusts can ensure that assets are professionally managed across generations and distributed in line with the grantor’s intentions. Trusts can, among other things, remove assets from one’s estate, carry out...

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An Asset Manager Embraces Financial Planning

October 2016  By: TFG INVESTMENT TEAM
An Asset Manager Embraces Financial Planning
I have been investing other people’s money for over 36 years. As most of my clients are either saving for retirement or living off of their retirement savings and/or trust accounts, my overriding goal has been to build durable, income-producing portfolios that will enable my clients to live off of...

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Chasing Good Companies, Not Yield

October 2016  By: TFGADMIN
Chasing Good Companies, Not Yield
In the second quarter newsletter, we noted there were more than $10 trillion of negative-yielding bonds around the world. While U.S. Treasury bonds are not in that group, they are pretty close: the 10-year Treasury currently yields 1.6%, compared to an average of 6.5% over the past 50 years.

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Primer on Individual Taxes

October 2016  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
Primer on Individual Taxes
Tax planning to minimize tax liability and maximize after-tax returns starts with an understanding of Form 1040, the tax return filed annually by individual taxpayers. My goal in this article is to give the reader a “primer” on Form 1040 and the key considerations that will impact your tax...

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The Reemergence of the Blue Chip Nifty Fifty

July 2016  By: MALCOLM BUTLER, JD
The Reemergence of the Blue Chip Nifty Fifty
“A blue-chip stock is the stock of a large, well-established and financially sound company that has operated for many years. A blue-chip stock typically has a market capitalization in the billions, is generally the market leader or among the top three companies in its sector, and is more often than...

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Navigating Macro Choppiness

July 2016  By: TFG INVESTMENT TEAM
Navigating Macro Choppiness
At the 2016 Berkshire Hathaway shareholder meeting, Warren Buffett and Charlie Munger were asked about the impact of negative interest rates when valuing a business. Warren’s answer touched on the peculiarity of the current environment and how it impacts decision-making at Berkshire Hathaway....

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Gift and Estate Planning

July 2016  By: JULIA BUTLER, CFP®, JD, MBA, CFEI
Gift and Estate Planning
Whenever you transfer assets to another person, whether during your lifetime or at death, there are potential federal and state tax consequences. Good financial planning can help minimize taxes and also help you better accomplish your gifting objectives. Although most households will not face Gift...

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