October was unusually cooperative this year. As we expected, the government went back into “normal operation” and the debt ceiling issue was temporarily addressed (at least until February 2014). With this news, the markets were able to focus on corporate earnings again, which came in at all-time highs. As a result, the S&P 500 was up a healthy 4.5% in the month and set an all-time high for itself. The interesting thing about this year’s stock gains is that almost every sector is contributing, a sign that we may have finally shaken off the emotional effects of the financial crisis we felt over the past five years. Bonds made progress as well, but are still down slightly for the year. Overall, October was a well embraced month for investors.
With the Fall colors finally showing and the cool temperatures setting in, we are officially experiencing the changing of the seasons. The weather isn’t all that is changing around here. We welcome Mel Krueger to our Volkers Group family as a new registered representative of Investment Planners, Inc. Mel has been spending the past few months passing examinations and getting acclimated to how we service our clients. Now he is ready to go to work! Mel has been a long time resident of Terre Haute and has owned several local businesses over the years. Not only is he able to help individuals with their personal financial goals, but he also has an appreciation of the financial challenges associated with owning your own business. We look forward to helping Mel be a successful member of our team.
The other big change going on with The Volkers Group is happening in just a few days. We have given our website a facelift and the final product will be on display this week! As a result, you may need to change some of your bookmarks. Our website address will still be volkersgroup.com, but the client access area will soon be http://client.volkersgroup.com/reports/ when the switch occurs. Don’t worry, the same client reports will be available and we do not anticipate a significant disruption in service. However, we may have some brief periods where the site may not be available. Feel free to call or email if you have trouble getting the information you need.
With less than two months remaining in 2013, we could be tempted to dwell on the negative and just think about the people we miss, opportunities we lost, or how life just isn’t always fair. However, November is the month of giving thanks and we all have much to be thankful for. Let us focus on our blessings going forward and hope everyone has a healthy and restful November!
Index information is used to represent market performance, but you cannot invest directly in an index. Past performance is not indicative of future results.
Advisory services provided through IPI Wealth Management, Inc. Securities offered through Investment Planners, Inc., member FINRA/SIPC.
The Volkers Group, LLC is not affiliated with Investment Planners, Inc.
Investment Planners, Inc. and The Volkers Group, LLC do not provide tax advice.
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