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Year In Review & 2016 Outlook
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During 2015, the markets experienced a number of headlines. The markets set all-time highs in the first half of the year. However, uncertainty in China and an expected rise in rates here in the U.S. increased volatility causing the markets to experience the first technical correction (10% or more) in four years. Markets bounced back somewhat in the fourth quarter, allowing the Fed to raise rates in mid-December. This marked the first Federal Reserve rate increase in nine years. Here’s how the markets finished for 2015:
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ABLE Account Update
"The IRS recently issued changes to the proposed rules for how states can offer and operate these 529 accounts, known by the acronym ABLE (Achieving a Better Life Experience.) One of the biggest benefits of the ABLE account is that the money held there is exempt from the $2,000 limit on personal assets for individuals who wish to qualify for public benefits."
"It will likely be the first or second quarter of 2016 before any state is making the accounts available, according to Andrea Feirstein, president of AKF Consulting. However, two states, Nebraska and Ohio have already begun soliciting possible service providers. Additionally, more than 40 states have initiated or approved legislation to facilitate the accounts."
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Passive Investing & False Claims
"Why do indexing adherents...claim that anything other than indexing is inherently bad, a morally suspect act of folly? Why do so many smart, otherwise honest people perpetuate a position so overstated that it is effectively a lie? Leaders like Bogle chooses to perpetuate an overstatement in order to produce a better investor outcome. Indexing...is not a panacea for all investment problems."
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American Funds Feeling the Love
"American Funds...
has been building a case, through
white papers and wholesalers, that
the way its managers run money can
and does beat the market.
The company measured its funds'
one-, three-, five-, 10-, 20- and 30-year
performance over each month
between 1934 and 2013. In most
cases, those funds beat their benchmark
indexes, the firm said, including
97% over 30 years."
"The appeal of American Funds is based on its consistent performance, low cost and focus on selling mainly through advisers and professional investors...'They're kind of like Coca Cola,' said Mr. Bigler, whose firm manages $422 million. 'You know exactly what you're going to get. When you buy a coke, it fizzes. It tastes right.'"
Click the link for access to the following article:
Love, American Style
Click here to access the American Funds study on Passive vs. Active Management:
The Active Advantage
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Securities are offered through WWK Investments, Inc. - Member: FINRA - SIPC
Investment Advisory Services are offered through WWK Advisors - Registered Investment Advisor
The information contained in this material is being provided for general educational purposes and should not be interpreted as specific legal, tax or investment advice. It does not address or account for your individual investor circumstances. Investment decisions should always be made based on your specific financial needs and objectives, goals, time horizon and risk tolerance. Consult your tax advisor or attorney regarding tax issues specific to your circumstances. Neither WWK Advisors, LLC nor WWK Investments, Inc. offer tax or legal advice. Any legal services are provided through Haelewyn Harris Law PLLC, a completely separate business entity that is not affiliated with WWK Investments, Inc. or WWK Advisors, LLC.
Investors should carefully consider the investment objectives, risks, charges and expenses of any investment. This and other important information is contained in the prospectuses (links to prospectuses can be found here), which can be obtained from your financial professional and should be read carefully before investing. Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity.
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CONTACT US:
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Phone:
248-449-8300
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