To state the obvious, it has been a difficult start to the year for global stock markets. I don’t want to add to the noise you hear on TV or read about. As you know, predictions on where its going from here is not what we do. We believe in taking the appropriate level of risk for your goals and time horizons, then rebalancing back to that level on a regular basis. For the investments you own that have a shorter time horizon, or, that you have chosen to have a more balanced risk allocation with, it is safe to assume you are not down as much as what you hear reported on the news. For your aggressive, longer term investments, it is safe to say you are. That is by design as you have time for them to recover.
On a separate note, we are entering tax season. For those who take distributions from IRAs, you probably have noticed the tax forms beginning to come in. For taxable investment accounts, these aren’t typically available until the end of February. As a reminder, each year we send our you a personalized checklist of the tax forms we expect you to need to file your taxes. We’ll be sending those out to each of you in February, so be on the lookout for that email.