Latest Quarterly Commentary

Portfolio Comments
For the Quarter Ending March 31, 2019

Getting straight to the point, the U.S. equity markets have recovered quite nicely during the past three months on the back of a very rocky end to last year. It is undoubtedly more heartening to both compose and read these quarterly missives in periods of positive returns, but our strategies have never been based on market timing. We take Mr. Buffett’s cautionary words to heart when he reminds us: “All time is uncertain. It was uncertain back in 2007, we just didn’t know it was uncertain. It was uncertain on October 18th, 1987, you just didn’t know it.” Certainty is elusive, but diligently applying our experience and skills in identifying quality investments trading below their intrinsic value, by our estimation, provides us with a measure of confidence not dictated by market sentiment, gloomy or exuberant. Still, the first quarter of 2019 was a positive one! Continue reading

Stolper adds Strategic Equity Portfolio

In December 2017, Stolper Asset Management added a fourth portfolio, the Strategic Equity Portfolio, to its managed programs.  The portfolio’s primary objective is to provide investors with broad, but selective, exposure to both domestic and international equity markets.

2016 Delivered Surprises and Positive Returns

After a rocky start to the year, 2016 proved to be a decidedly positive one for the broad U.S. equity markets as well as the portfolios in Stolper Asset Management’s managed programs.  Contrary to most predictions, the November 2016 American Presidential election victory went to the Republican candidate Donald Trump and the equity markets reacted favorably to the change in regime.  The new presidency brings with it plans to cut personal and corporate taxes, increase defense and infrastructure spending, reduce regulation in a number of sectors, and bring changes to healthcare and immigration.  Concurrently, the expectation is for more interest rate rises going forward.  The hoped-for result is accelerated growth and a more robust domestic economy.  Positive macro changes are always welcome but, as always, regardless of the prevailing environment we are committed to seeking to identify quality investment opportunities based on fundamental analysis.  May the coming year be healthy and prosperous for you!

Any opinions are those of Jon Stolper and not necessarily those of RJFS or Raymond James.  Expression of opinion are as of this date and are subject to change without notice.  The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.  There is no assurance that any of the trends mentioned will continue in the future.