Quarterly Updates

2019 Q1 Letter to Clients

Dear Clients, Spring gardens have finally been planted, baseball is in full swing, the Warriors are closing out their regular season run in the Oakland Colosseum and heading for the playoffs, and the San Jose Sharks are skating well. As we look toward enjoyable spring weather we are pleased to present our quarterly review. First…
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2018 Q4 Letter to Clients

Dear Clients, Happy New Year! Family gatherings have come to a close, and binge-watching of Sopranos, Game of Thrones, or Everybody Loves Raymond have supplanted the desire to have just one more holiday treat. As we have mentioned in prior letters we have upgraded to a new portfolio reporting and management tool. Enclosed is your…
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2018 Q3 Letter to Clients

Dear Clients, As football and hockey take the main stage we must tip our hats and offer congratulations to the boys of summer. The Giants entertained, and the A’s almost pulled it off. We are pleased to report our thoughts on the market below. Third Quarter 2018 in Review US markets climbed to unprecedented levels…
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2018 Q2 Letter to Clients

Dear Clients, Summer is here, baseball is in full swing, we are still floating on the rarified air of the Warriors championship, and vacations are upon us as we continue to explore the financial markets. Please read on for our thoughts about past, current, and musings about future market conditions. Second Quarter 2018 in Review…
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2018 Q1 Letter to Clients

Dear Clients, We know spring is in full swing when the days grow longer and warmer. We also recognize that this is tax season, as the calls from CPA’s, tax professionals, and come at a fast clip. The volatility of the first quarter of 2018 was quite a shock relative to the experience in 2017….
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2017 Q4 Letter to Clients

Dear Clients, In writing this letter, we reflect on the year and try to use this thinking to not only understand what occurred, but also help us shape our thinking for what lies ahead. These retrospectives conjure images, both positive and negative, about the path behind us and compel us to think what surprised us…
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Q3 2017 Letter to Clients

As we enter October, we are now three quarters through a very eventful 2017. Summer has come to an end and Fall is officially here. As the days turn cool and the nights grow long we look forward to holidays spent gathered around tables with a mixture of both friends and family. Please read below…
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Year End Tax Planning for 2015

Dear Clients and Friends, Another year has passed, and the time for year-end tax planning is upon us again. We have survived the second tax season with most of the big changes associated with the American Taxpayer Relief Act of 2013 (ATRA) which was signed into law on January 2, 2013, along with provisions in the…
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Year End Tax Planning for 2014

Dear Clients and Friends, Another year has passed, and the time for year-end tax planning is upon us again. We have survived the first tax season with most of the big changes associated with the American Taxpayer Relief Act of 2013 (ATRA) signed into law on January 2, 2013, and provisions in the Patient Protection…
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