Join us at Encore Bank for a discussion on Retirement Strategies and how we can help you plan path that’s right for you:
Highland Village Encore Bank Branch
3754 Westheimer Road
Houston, Texas 77027
Thursday, October 27, 2011
6:00 pm – 7:30 pm
*Complimentary Valet Parking Available
To RSVP, please contact Libby McGee via email at: lmcgee@encorebank.com or phone at: (713) 622-4606
The Alzheimer’s Association, the leader in Alzheimer research, care and support, is the first and largest voluntary health organization dedicated to supporting all affected and to finding prevention methods, treatments and a cure for Alzheimer’s.
Walk to End Alzheimer’s is the nation’s largest event to raise awareness and funds for Alzheimer care, support and research. Since 1989, this all age, all-ability walk has mobilized millions to join the fight against Alzheimer’s disease, raising more than $347 million for the cause. This year Linscomb & Williams joins the cause!
Serving the Greather Houston area for over thirty years, the Alzheimer’s Association Houston & Southeast Texas Chapter will be hosting the annual Walk to End Alzheimer’s event on Saturday, October 22, 2011, at Minute Maid Park.
If you would like to help end Alzheimer’s please donate to Team Linscomb & Williams. All Walk to End Alzheimer’s donations benefit the Alzheimer’s Association, the leading voluntary health organization in Alzheimer care, support and research. For more information contact the Alzheimer’s Association Houston & Southeast Texas Chapter at walk@alztex.org and 713-314-1313.
View the July/August edition of the Monthly Market Comment for more insight in Standard & Poor’s unprecedented action of downgrading our country’s debt rating to AA+ from AAA.
America’s Credit Rating
Standard & Poor’s (S&P) Sovereign Debt Policy Committee had telegraphed this move well in advance by stating a number of weeks ago that Congress and the Administration would need to reduce the long-term deficit by $4 trillion in order to avoid a downgrade in the U.S. Debt rating. As well all know, Congress fell considerably short of that amount, enacting only $2.1 trillion in spending reductions (not the $2.4 trillion widely reported) over the next 10 years. The reduction for 2010 provides only a reduction in spending of 0.3% as most of the reduced spending is postponed to the final five years of the ten-year period. S&P stated, “the downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administraion recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.”
View the June edition of the Monthly Market Comment for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve.
“Stocks declined in June continuing the market downturn that began the last day of April. Prices dropped seven out of eight weeks until the last week of June, as European sovereign debt issues and the end of quantitative easing by the Federal Reserve continued to weigh heavily on the minds of investors. For the month, all major market averages declined, with the Dow Jones Industrial Average closing down 1.24% to 12414.34 and the S&P 500 Index dropping 1.83% to 1320.64. The Nasdaq declined 2.18% to 2773.52, while the Russell 2000 Small Cap Index closed at 827.43, down 2.46%. International markets were weak as well, as the EAFE Index of international stocks fell 1.43% to 1708.08.”
View our recent company profile on Examiner.com
Trustworthiness, Holistic Advice led to 40 Years of Success for Linscomb & Williams
“Whether the concern is retirement, taxes, estate planning or investing, hundreds of people trust and turn to Linscomb & Williams for wealth management. The Houston-based fiduciary takes care of roughly $2.7 billion in assets for more than a thousand clients worldwide. The company credits its business development success to a fixation on becoming a trusted source for clients.” Read the entire article
View the Monthly Market Comment from April & May for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve..
“The stock market continued to rise in April, marking its best month of the year so far. The S&P 500 Index gained 2.85% in April to 1363.61, while the Dow Jones Industrial Average rose 4.0% to 12810.54. The Nasdaq gained 3.3% to 2873.54, and the Russell 2000 Small Cap Index rose 2.6% to 865.29. The EAFE Index of international stocks was the best performer, up 5.58% to 1797.52. During the first two weeks of May, the market seemed to be digesting the strong gains from the previous four months, as the major market averages were down from -0.67% on the S&P 500 to -4.42% on the EAFE. Such a rest is not surprising after mid- and small-cap stocks hit all-time highs a the end of April, in addition to the Dow Jones Transportation Index. Meanwhile, large stocks reached the three-year highs while the Nasdaq surpassed its credit-bubble peak to reach its highest close since December 2000- a clear confirmation the current bull market is still intact.”
View March’s Monthly Market Comment newsletter for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve..
“Market UpdateAfter dropping more than 6% from mid-February to mid-March, the stock market recovered from its first correction of 2011 and performed remarkably in March. In the face of earthquakes, tsunamis, and nuclear reactor meltdowns in Japan, European sovereign debt issues, revolution and political unrest in the Middle East and Africa, soaring oil prices (to more than $100 per barrel), and the threat of a Federal government shutdown thanks to Congress’ inability to work together, the stock market was somehow inoculated. For the month, the Dow Jones Industrial Average rose by 0.76% to 12319.73 (below its average gain of 1.4% over the past 21 years), while the S&P 500 Index was essentially unchanged, dipping a slight 0.11% to 1325.83. The Nasdaq closed relatively flat as well, down 0.04% to 2781.07. The Russell 2000 Small- Cap Index was the month’s best performer, gaining 2.44% to 843.53. The EAFE index of international stocks was the worst performer of the major indices, dropping 2.66% to 1702.66 in spite of gains in the Euro.
The stock market’s strength seemed to stem from a growing belief by investors that the economic recovery had become self-sustaining, and increased optimism about firstquarter earnings, evidenced by the strongest first quarter for US stocks in 12 years.”
Read the Full Article (PDF)
February’s Monthly Market Comment newsletter is now available. Read our commentary on the market, the Federal Reserve and our outlooks on oil and inflation.
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August Edition: Monthly Market Comment
View the August edition of the Monthly Market Comment for more insight on the market, investing in the U.S. and current monetary policy of the Federal Reserve.
“August provided a wild ride for the stock market, with dramatic daily moves, as volatility returned with a vengeance. The Dow Jones Industrial Average dropped 4.36 t0 11613.53, after falling more than 11% during the first eight trading days of the month, followed by a rally at the end of the month that failed to overcome the earlier loss. The S&P 500 Index saw a similar decline, down 5.68% to 1218.89. The Nasdaq declined 6.41% to 2579.46, and the Russell 2000 Small-Cap Index fared worse, finishing at 726.81, down 8.81%. The EAFE Index of international stocks was the worst major performer, declining 9.30% in August.”
Read the Full Artcile (PDF)