Last week, the markets ended May with a wham - and the news reported a bad month for stocks. June begins with a thud. It looks like more of the same.  Bad news sells newspapers, but stocks don't necessarily sell on bad news.

Good news reporting is the enemy of good investing. We'll always hear about the bad news and will not hear nearly enough good news.  For the remainder of this year, you are going to hear a plethora of bad news.  Blame the elections.
Politics is the enemy of good investing. Over the long-term, the results of this year's elections are unknown. In the short term, the results will be more clear: at least after November.

Investing is the opposite. Stocks are full of risk over the short term.  The results are unknowable. Over the long term, however, the results are absolutely clear.

Call us with your concerns. We are here for counsel, and remember that we offer a 2nd opinion service to your friends who also need guidance. 

Fraud Alert 

Here is an important fraud alert from the Colorado Division of Insurance: 

Denver - A possible scam surfaced yesterday targeting Colorado consumers. The Colorado Division of Insurance warns consumers never to give out personal banking information over the phone. 

Here's the setup: a caller claims to be a representative of the "Colorado Insurance Commission." The caller says the state has taken over the consumer's insurance company.

The caller claims the state sent the consumer a check for $399 to refund copays, but the check was returned by the U.S. Post Office. The caller then says he can direct deposit the check into the consumer's banking account if the consumer would provide account information. 

The Division wants consumers to know that Division representatives never ask consumers for banking information, nor does anyone identify himself or herself as being with the "Colorado Insurance Commission." There is no such entity; the office is known as the Colorado Division of Insurance and is part of the Colorado Department of Regulatory Agencies. If you believe you may be the victim of a scam, please contact your local law enforcement.