February 2015 Commentary

Market Volatility Continues

January ended on a sour note for U.S. large value, large growth and small cap stocks. International stock fared better eking out small gains.

Better news was found on the fixed income front where intermediate and treasury inflation protected bonds performed well. Foreign, high yield and short-term bonds were essentially flat.

Tax Statements

Several years ago the IRS changed the deadline for custodians to issue consolidated 1099 tax statements from January 31st to February 15th.

Unfortunately, your tax professional now has less time to prepare your tax information. Fortunately, the change has resulted in far few corrected statements being issued.

Hindsight Investing:

Steve Jobs once offered one third of Apple for $50,000 – there were no takers. One third of Apple is today worth over $230 billion dollars!