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Latest Quarterly Commentary

Portfolio Comments
For the Quarter Ending December 31, 2019

In a rare long form interview granted to the Financial Times newspaper in April of this year, legendary value investor and octogenarian, Warren Buffett, remarked: “If you played golf and you hit a hole in one on every hole, nobody would play golf, it’s no fun. You’ve got to hit a few in the rough and then get out of the rough . . . That makes it interesting.” As we reflect on our commentary this time last year, 2019 may be characterized as a year when the markets made it out of the rough, for now. We’ll leave it to you decide which part of the investment cycle is more interesting! 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.