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It is the peak of summer, and we hope you are enjoying it!
Here in Maine summer is priceless, but very short. The seasonal changes coming will be quick and carry a punch. Mainers know we need to prepare for the changes soon or risk not being prepared for what's coming.
Changes to personal financial circumstances are less predictable but can also happen quickly and with great consequence. We help individuals and families be prepared financially to address change.
In this newsletter, you will find our perspective on investing in today's economic and market environment in our Q2 2011 Investment Commentary.
We have added additional commentary addressing the aftermath of the debt ceiling debate. Immediately after a deal was reached, investor focus shifted to the economic outlook. Fear, frustration, and uncertainty levels are high. We offer some perspective for investors to consider.
Lastly, we are very excited to invite you to visit our newly designed website www.oncoursefinancial.com. In addition to graphic enhancements, we have a goal of making the site easier to navigate and more useful to our visitors and clients. We hope you will agree that the new site is a significant step forward. Please let us know what you think!
Karen Elise Kilbride, CFP®, CPA
Michael G. Donahoe, CFP®, MBA
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Q2 2011 Investment Commentary
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The second quarter of 2011 was characterized by a lot of high stakes drama around the globe.
Here in the United States we were in the midst of a contentious debate over the debt ceiling. In Europe, leaders were working frantically to mitigate the financial crisis that began in Greece and started to spread to other European countries. Meanwhile, in emerging markets such as China, government and economic policy was being tightened to prevent debt and real estate bubbles.
Investor thinking has been dominated by bad news over the last few months.
Read Investment Commentary |
Aftermath of The Debt Ceiling Debate
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After months of political theatrics, a deal has been reached to raise the U.S. debt ceiling. We are not sure anyone is happy with the results as long term measures still to be implemented. Although there are no guarantees, there is a high likelihood of more political wrangling to come over spending cuts, tax reform and entitlement changes. Stay tuned for more political theatre!
Doomsayers Change Focus to Economic Outlook
Unfortunately, the doomsayers have a lot to talk about. Housing still has a long way to go before recovery. Jobs are still hard to come by and the unemployment rate is just below 10%. Add to it lost confidence in our own government and uncertainties surrounding the European debt crisis, and it is easy to understand why investor fear has risen so dramatically.
Read Full Commentary
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Visit Our New Website!
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The role of websites in our profession is changing rapidly from "electronic brochure" to a critical means of ongoing communication with clients and prospects.
We rearranged our website to make it easier to navigate. The site is updated frequently with blogs, tools and other value added resources.
We anticipate that more and more communications and information will be safely and conveniently shared on the web. What you will see on your next visit marks a significant step in that direction.
Visit new website
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