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| Newsletter |
November, 2008 |
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With many vital factors to consider in responding to current changes, we've focused on some we feel are basic. Be assured that your planning decisions have been made in a reasoned way and are likely to serve you well, even amid the uproar we are experiencing.
Via The New York Times, Berkshire Hathaway CEO and sometimes "worlds richest man" Warren Buffett has wise words for investors as he shares his approach with his own money.
Ward Wilsey, a leading San Diego based estate planning attorney and developer of "Family Protection Planning," reviews likely changes in estate tax next year. He suggests proactive responses.
Trovena's Christopher Van Slyke writes about clients' sometimes emotional, sometimes rational responses to changing market conditions.
We welcome your comments and questions.
Have a great Thanksgiving Holiday!
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Buy American. I Am.
 The financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary. So ... I've been buying American stocks. This is my personal account I'm talking about, in which I previously owned nothing but United States government bonds. (This description leaves aside my Berkshire Hathaway holdings, which are all committed to philanthropy.) If prices keep looking attractive, my non-Berkshire net worth will soon be 100 percent in United States equities. Why?
5 Minutes. You may have to complete a free easy registration with the site to read this but we think it's worth it. Please excuse the inconvenience.
Guest Commentary By Warren E. Buffett, Chief Executive, Berkshire Hathaway
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| Estate Taxes in Light of the New Administration
 The election of Barack Obama as President of the United States creates an interesting estate planning environment. It is clear that the Estate Tax is here to stay, and that planning should be done immediately to help counteract the effects of a government hungry for additional tax revenues. What is not clear is the exact effect of President Obama's election. This article attempts to investigate this issue.
4 Minutes
Guest Commentary by Ward Wilsey, estate planning attorney and developer of "Family Protection Planning," The Wilsey Law Firm, San Diego
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A Tale of Two Clients
 Well, here we are in the 4th quarter of 2008 with the global securities market down over 40%, a new Democrat-run federal government taking over soon, and a confused, worried investing public. As a professional financial advisor, I am in a unique situation in that I get to help many different people wrestle with the psychology of fear that a bear market presents.
I have been seeing two very distinct types of clients recently: people with cash, and people who have been fully invested in this market. Though both are looking at a global market which is near 1997 prices, they see very different things in the same data. I think one of them is right but first let's meet our clients.
4 Minutes
Commentary by Christopher P. Van Slyke, CFP, Trovena
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