We want to wish you Happy Holidays! Enjoy the down time with your friends and family. Be safe and reflect on the good times. Call someone you care about that you haven’t spoken to in a while and give someone a hug that needs it. Simple advice for a better life and to put a smile on someones face.
Ronald E. Lang, Principal
Atlas Wealth Management, LLC
Investment Advisors & Estate Planners
401(k) Retirement Specialists
Toll Free 888.403.9400
We take the pain out of Building Wealth and Protecting Assets
(Life Insurance and Fixed-Indexed Annuities)
For Management, Education, Setup and Evaluation of your Company 401(k) or SIMPLE IRA
Market Commentary by Allen B. Lang
Hoping all of you had a great Thanksgiving with family and friends.
And here it is, the end of November and just one month until 2020.
Interest rates have been lowered three times this year, as of this writing, and
it appears that the Fed will pass on anymore reductions this years. But who knows?
Good news and bad news! With interest rates being cut this year, many of our income
oriented securities have reached new highs or close to highs. This means their yields
are lower. Recently we have seen several preferred securities being called in (redeemed)
and finding replacement income investments is becoming challenging. But we are
plugging away seeking quality securities.
Some of you will be receiving calls in the next month from either Ron or me, or both, to
discuss year end tax planning for your investment account, not necessarily IRA’s. We
look to offset gains with losses, reducing tax liability. In these cases we sell securities
with gains and immediately buy them back to establish a higher cost basis. Then sell
securities with losses to off-set the gains. If we determine that the (loss) securities we
sell should be re-purchased, we must wait 31 days to do so. But we will discuss this
on a “one on one” basis.
Merry Christmas and Happy Chanukah to you all and we will be doing our Market Outlook for 2020
at the end of the year.
Allen B. Lang, Senior Portfolio Manager
Toll Free – 888.403.9400