Last updated: 3 Jul 24 23:17:34 (UTC)

Michael's Client Newsletter #142, January 2024

Greetings Valued Clients, welcome to my January Client Newsletter #142 for the goal-focused, long-term, equity investor.

Morningstar has released its annual report, The Thrilling 30, which lists their favorite 30 funds from 15,000. Seven American Funds make the list. See the attached PDF.

My Year-End Client Letter

My 2023 mid-end report to you is divided into two parts. First is a brief recap of our shared investment philosophy; second is my perspective on the current market.

Click the title above.

Nick’s January Client’s Corner

On Black Friday Weekend, a Great Investing Lesson

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

The 2024 contribution limit for Roth and Traditional IRAs is $7,000 for those under 50, and $8,000 for those 50 and older.

Let me know if you’d like to increase your monthly contribution (if you have one), or if you want to manually contribute to your IRA.

Note: you have until April 15, 2024 to fully contribute to your 2023 IRA.

Podcast of the Month

Through the years: An interview with former Capital Group CEO Tim Armour

Tim Armour, Capital Group’s recently retired CEO, reflects on his 40-year career as an analyst, portfolio manager and eventual leader of the company. He shares what he learned along the way and how he navigated some of the biggest market events over the past four decades.

Financial Book of the Month

Stop Acting Rich

By Thomas Stanley.

How the less affluent have fallen into the elite luxury brand trap that keeps them from acquiring wealth and details how to get out of it by emulating the working rich as opposed to the super elite.

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.

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