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Newsletter – April 2018

APRIL 11, 2018 Dear client: Recent goings on in Washington and the financial markets remind us (at least those of us who are old enough to remember) of a line in one of John Lennon’s hit songs titled “Nobody Told Me”. The line we refer to is “strange days indeed”. More on that later. The […]

Newsletter – January 2018

JANUARY 8, 2018 Dear client: 2017 has turned out to be quite a year in the financial markets. We can think of few individuals who thought that the stock market (S&P 500) would return close to 20% when all were prognosticating in January of last year. We have to admit that GSB Wealth management was […]

Newsletter – October 2017

OCTOBER 26, 2017 Dear client: This quarter’s newsletter will be somewhat abbreviated compared to previous newsletters as many of the trends we spoke about in June are still in place. The stock market, as defined by the S&P 500 has gained approximately 14% year-to-date. We are somewhat surprised by such a move given the ongoing […]

Newsletter – July 2017

JULY 14, 2017 Dear client:   We have made it half way through 2017 and a number of interesting scenarios are playing out as referenced further along in this letter.  Surprising to most, the domestic stock market, as evidenced by the S&P 500 index, has returned 8.24% since the first of the year.  Interest rates […]

Newsletter – January 2017

JANUARY 18, 2017 Dear Client: The year 2016 is now in the books and what a year it was for both the U.S. bond and stock markets. The year was progressing in rather calm fashion through November 4 with the stock market (S&P 500) up just over 2% and interest rates sliding throughout the year […]

Newsletter – October 2016

OCTOBER 13, 2016 Dear client: We have now closed on the third quarter of 2016 and thought it would be a good time to revisit our investment management philosophy. GSB Wealth Management’s Investment Philosophy: The majority of our client portfolios will contain a mix of common stocks, fixed income, and cash. The weightings within these […]

Newsletter – April 2016

APRIL 5, 2016 Dear client: Last quarter we wrote about how stock markets were rather boring in 2015 finishing the year relatively flat from January 1 of 2015. Welcome to 2016. The stock market started descending right out of the gate, dropping 10% to 12% by mid-February, only to come charging back finishing the first […]

Newsletter – January 2016

JANUARY 5, 2016 Dear client: The year 2015 is now in the books and the weather has been arguably more memorable and exciting than the stock market. While the summer was abnormally long and dry and winter so far has been anything but wintry, the domestic stock markets have been relatively uninteresting. To wit, both […]

Newsletter – November 2015

NOVEMBER 20, 2015 GSB Wealth Management Investment Philosophy: The majority of our client portfolios will contain a mix of common stocks, fixed income, and cash. The weightings within these three major assets classes are determined by seven investment objectives, ranging from conservative to aggressive. Conservative objectives will normally have relatively high weightings in fixed income while […]