Note: if images don't appear please enable "display / load images" in your email program.  Issue #175 • October 2026 Greetings , Welcome to this month's client newsletter for the goal-focused, long-term, equity investor.  Remembering the Stock Markets 900 Days of Hell The human tragedy of September 11, 2001 – with the sharp market panic that ensued – was only one of the serial disasters that befell the economy and the markets between the spring of 2000 and the autumn of 2002. Twenty-five years later, however, 9/11 is quite properly seared into our collective memory, such that the chain of dire events before and after may not be readily recalled. But in fact the 929 days on either side of 9/11 encompass not just the deepest market decline (to that time) since the 1929-32 event, but by far (and to this day) the longest peak-to-trough liquidation since 1950. I’ve chosen to write about the quarter century between the market’s panic trough after 9/11 and virtually the same date in 2026. It is to me a perfect laboratory for the study of American resilience on every level. Article of the MonthNo, A.I. Is Not About to End the World It remains possible that A.I. ISN’T GOING TO KILL US ALL. If one thought it necessary to present a third-party rebuttal, I can suggest Jennifer Huddleston’s brief but compelling essay on the Cato at Liberty blog, titled straightforwardly, “No, AI Is Not About to End the World.”   Luxury, mining and the power of connecting the dots  Will ‘Grand Theft Auto VI’ turbo charge the gaming industry? Quiz of the MonthPremature distribution from a qualified retirement plan can result in tax penalty of...
Answer = Choice 3: 10% penalty in addition to the back taxes that you would have paid if the money was never in a tax qualified plan to begin with. Money Memes and a Little HumorClick image to enlarge
2026 Tax Facts. Click to enlarge.   With over 37 years in the industry, I’ve cultivated a broad network of professionals. If you need guidance on estate planning, living trusts, wills, taxes, bookkeeping, mortgages, real estate, reverse mortgages, notary services, health or car insurance, or even traffic violations, I'd be happy to introduce you to an expert.
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