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“Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful.”

Albert Schweitzer

Market Updates and Economic Monitor

December 3

Investment Strategy: Perception vs. Reality

by Jeffrey D. Saut
“Living with a loss is folly, taking a loss is wisdom.”
. . . Lewis Owen
November 26

“Jesse Livermore”

by Jeffrey D. Saut
“There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they kept regard for precedent.”
November 19

Investment Strategy: “Leonid Meteor Shower”

by Jeffrey D. Saut
The Leonid meteor shower hit its zenith over the weekend, and you didn’t even need a telescope to see it. You did need a warm blanket, but all you had to do was lay down on your back to enjoy a great show. A meteor is a space rock, or
meteoroid, that enters the Earth’s atmosphere, and as it falls to Earth, the air resistance makes it extremely hot. What we see is a “shooting star.” When Earth encounters many meteoroids at once, we call it a meteor shower.
November 12


by Jeffrey D. Saut
“The true prophet is not he who predicts the future, but he who reads history and reveals the present.”
. . . Eric Hoffer, an American moral and social philosopher. He was the author of ten books and was awarded the Presidential Medal of Freedom in February 1983.
November 6


by Jeffrey D. Saut
Up until last Monday (October 29, 2018) we had focused on our short-term model’s “sell signal” of October 2, 2018. The “S” word alone makes most investors uneasy. They find the “B” word, “buying” more pleasant. The reason for this is perhaps best explained in a book written by Justin and Robert Mamis titled “When to Sell.” Here are some pertinent excerpts:
November 2


by Raymond James
A Monthly Chart Presentation and Discussion Pulling Together the Disciplines of Economics, Fundamentals, Technical Analysis, and Quantitative Analysis
View the latest Gleanings report here.

Monthly Newsletter


Why You Need a ‘Business Plan’ for Your Family

When business owners start a new venture or seek out funding, they always create a detailed business plan first. But chances are, most parents have never once thought about creating a similar type of plan for their most important asset: their families.


The Value of Multigenerational Family Meetings

If you’ve amassed sizable wealth, or are on the right path and getting there, it may be time to consider how to pass on some of that money to children and grandchildren—without creating big problems that could harm their futures and destroy family harmony.

The fact is, family wealth—how it’s managed, transferred and used—can generate major drama among family members. As wealth grows, so does the potential for that money to foment conflicts and bad financial decisions that can reduce a family’s financial position and even ruin intra-family relationships forever.


The Importance of Personal Umbrella Policies

What would happen if you or your child caused a car accident that resulted in serious injuries or the deaths of others?

How would you pay for the treatment and damages of someone who was hurt in your home and claimed negligence? What happens when they claim to have suffered greatly because of the injury?

What if your dog was attacked by a stranger on your property and bit the person in self-defense—but you were still sued?


The first television spot of the “Tales of Financial Pragmatism” campaign for Raymond James, entitled “The Woman Who Lived Longer Than Any Person Who Has Ever Lived,” tells the story of fastidious librarian Emily Skinner who, at the age of 187, still enjoys life to the fullest thanks to careful planning with her Raymond James financial advisor.

Brilliantly practical scientist Harriet Tuttle’s tireless search for a more efficient life concluded with the most unorthodox solution. Harriet created four more Harriets. Together, they were a model of efficiency, accomplishing any number of tasks each day. However, while they looked identical, they were actually quite different.