Market Update
Zurich's Monthly Message
September 2010
When I was ten, my grandmother gave me a set of sheets that read, "Happiness Is…" followed by a bunch of pedantic answers (even for a ten year old). Nevertheless, I would lay awake at night and think about happiness.
When I take time to reflect about the last few months, I believe we have reason to celebrate. Happiness is TD Ameritrade Institutional. Migrating our practice from LPL Financial to TD Ameritrade Institutional has been wonderful. (It is amazing what months of planning will do!) Our transition is nearly complete and we’re already finding ways to reduce your costs and improve your financial experience. A special thanks goes to Terry for her diligent processing of all those forms! Also, thanks to Dave for backing Terry up when there was just too much paper! Also, thanks to each of our clients whose prompt return of forms made the process so much easier!
Happiness is no Transaction Fee Models. One of the features that attracted us to TD Ameritrade Institutional was the number of No Transaction Fee funds available. Essentially, instead of paying $10 - $40 every time a mutual fund is bought or sold in your portfolio, you pay $0. For example, if you have 10 funds at $30 each, every time you buy or sell all of the funds, it costs $300 (10 x $30). If you did this twice a year, it would cost $600. Wouldn’t it be better if it cost you nothing?
Happiness is Summer Vacation! Each of us had a fun and exciting summer trip. We’ve heard stories about many of your trips. We would love to hear more about how each member of our community Lives the Life that they love!
Market at a Glance
- Sun Tzu, The Art of War
In financial matters, the enemy is catastrophic loss. Following Sun Tzu, if you know how to avoid catastrophic loss, and know yourself (via a proper risk tolerance), a poor market session will not likely impact your ability to live the life you love.
Certain asset classes do better or worse depending upon the current macroeconomic market cycle. So, to avoid catastrophic loss, and to position your portfolio for positive gains, you must be able to determine the location of the macroeconomic cycle of the market AND know what to do about it.
To learn how to take advantage of the current market opportunities (and avoid catastrophic mistakes), contact us.
Newsletter
Our quarterly newsletter is intended to be a "Live the Life You Love" 101. We provide a high level orientation to how current markets impact your portfolios, what we're doing to improve your experience as our client, a short summary of an issue to consider, and how each of us is Living the Life We Love.
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