Last updated: 27 Jul 24 07:08:07 (UTC)

Michael's Client Newsletter #146, May 2024

Greetings Valued Clients, welcome to my May Client Newsletter #146 for the goal-focused, long-term, equity investor.

P.S. American Funds has been in the news lately. See the memes at the end of this newsletter.

By the way, if you know people who might benefit from the sort of investments you have with me I would certainly appreciate an introduction. Thank you again for being my client.

Nick Murray’s May Client’s Corner

The Natural, Normal Human Impulse That Dooms Investment Success

Every month Nick Murray publishes a one-to-two page client newsletter for the Lifetime Equity Investor. I hope you find it as valuable as I do.

Click the title above.

His previous newsletters are here.

This Month’s Financial Tip

Dollar Cost Averaging

““Dollar-cost averaging is almost real-time re-balancing.”” ―Nick Murray

DCA is an investment strategy designed to reduce volatility in which mutual fund shares are purchased in fixed dollar amounts at regular intervals, regardless of what direction the market is moving. Thus, as prices of securities rise, fewer units are bought, and as prices fall, more units are bought.

Read my article on Dollar Cost Averaging

Podcast of the Month

What’s the state of the states?

As pandemic-era stimulus dries up, municipal bond investors must weigh how fundamentals of state and local governments will cope. Capital Group fixed income portfolio manager Lee Chu discusses how she finds value in this space amid this shifting dynamic, potential impacts of the coming election and broader economic uncertainty.

Video Interview of the Month

Conversations with Mike Gitlin: Featuring Jessica Spaly

Capital Group CEO Mike Gitlin interviews Jessica Spaly, an equity portfolio manager based in our San Francisco office. A former retail industry analyst, Jessica discusses why she was drawn to Amazon in the early days of the e-commerce revolution and how her teenage daughters help her assess cutting-edge retail trends today.

Financial Book of the Month

The Wisdom of Great Investors

A compilation of quotes and essay of history’s finest investors.

Money Memes and a Little Humor

Resources

About Me

Michael Paulding Thomas Financial Advisor, Registered Representative, Securities Principal, Series 6, 26, 63, 65, Life

For over 34 years I’ve tried to build my business by offering a second opinion to those who may need investment advice. As a result, my business now comes almost exclusively via introductions from existing clients. So, if you’re approached by a friend who may have questions about investing, please let them know that I will find the time to listen, and I’ll do my best to help.

^{Securities offered through Innovation Partners, LLC. Member FINRA/SIPC}