Quarterly Newsletter July 2, 2018

As of July this year, I will have been in the investment business 50 years.  The first 26 years were at Fort Wayne National Bank’s trust department and the last 24 at Monarch Capital.  A lot has happened over those 50 years, but by far there has been more positive than negative.  We have had […]

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Quarterly Newsletter April 2, 2018

The Old Bull Market is Stumbling.  Are Stocks Too Risky? After years of fairly steady advances in the stock market, and repeated warnings that prices were getting too high, February brought a sudden 10% correction — reminding us that equities sometimes go down really fast.  That icy plunge, followed by choppy markets since, have stirred […]

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Flash Crash Redux?

The ink from today’s stock market meltdown is hardly dry, so perhaps it’s premature (and dangerous) to write anything about it.  So far, at 5pm, there is virtually nothing in the news that would seem to justify how quickly the market tanked this afternoon, nor why it ended the day down so much. If you’re […]

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Quarterly Newsletter January 2, 2018

We opened Monarch Capital in August, 1994. A customer brought us the proceeds, $5.5 million, from the sale of his company in October 1994. He had sold it to an Employee Stock Ownership Plan (ESOP), so if he invested the proceeds into common stocks within one year, he did not owe any capital gains taxes […]

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Fall Seminar Recap

Thank you to all who joined us at our “annual” Fall Seminar on October 24.  Quite a few clients were at their very first Monarch seminar.  We will host a couple of lunch seminars this winter, as we do every winter.  Stay tuned…. Also a huge thanks to Lakeland Financial CEO, David Findlay, for taking […]

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Quarterly Newsletter October 2, 2017

Supply & Demand:  What’s the Point (of intersection)? Welcome to fall!  Now that fall stopped trying to be mid-summer, we can think about fall things, like Back to School night.  Dave and I cherish a special memory from one of the (few) times he accompanied me and Mom to Back to School night.  He asked […]

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ADP/PG Proxy War

Welcome to Proxy War season!  If you elected to have proxy forms and annual reports mailed to you, by now you’ve likely received the annual report and proxy form for ADP.  Within the mailing, you’ll find an insert trumpeting ADP’s successes and asking that you vote for their board slate on the “white” proxy form.  […]

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Quarterly Newsletter July 5, 2017

We are always on the lookout for events or trends which might have the ability to change the market.  There is a great deal written about income inequality.  How often have you seen articles about a CEO of some large company being paid $30 million while some poor guy on the line is making $30,000 […]

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Quarterly Newsletter April 3, 2017

  INVESTING IN BANK STOCKS:  WEAR A LIFE JACKET The banking industry has a long and generally honorable history, and many good citizens have grown wealthy by investing in it.  But with the wrong bank, there are big risks.  Bank investing can be like taking a cruise.  Most of the time it’s smooth sailing, but […]

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Quarterly Newsletter January 4, 2017

So what do you think about this Trump rally? This is a question we are getting frequently. I have to admit we were a bit surprised by how strong the market has been since the election. Is the market getting expensive, should we raise some cash? The market is up 5% since the election so […]

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