June Investment Comments

Date posted: June 4, 2014

As winter (thankfully!) turns into spring, the moderate recovery continues.  The National Bureau of Economic Research judges that the U.S. economy began expanding again in June 2009.  This means the recovery, at 59 months, has just surpassed the post-World War II average of 58 months duration for an expansion. The Federal Reserve, Congressional Budget Office, […]

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One IRA Rollover per 12 Months

Date posted: June 4, 2014

What is an IRA rollover?  The IRS defines an IRA rollover as a distribution from an IRA that is payable to the IRA account owner, who must then deposit the proceeds to the same or another IRA within 60 days.  This is not the same as a trustee-to-trustee transfer where one IRA custodian transfers the […]


May Investment Comments

Date posted: May 2, 2014

Weather. Across much of the country, the Midwest and Northeast in particular, this was one cold and snowy winter, one for the record books in many cases. The impact of weather on the economy is actually the subject of much debate among economists. They agree weather is a drag on economic growth. The disagreement is more […]


How Killer are Capital Gains?

Date posted: May 2, 2014

I doubt T.S. Eliot had tax season in mind when he said, “April is the cruelest month” in The Waste Land. Still, that pretty much sums up how most of us feel. Did you have to write the IRS a check this year? I did. One of the main reasons investors often wind up writing […]


March Investment Comments

Date posted: March 20, 2014

Investors have had to navigate some choppy waters this year. In January, the S&P 500 lost 3.5%. According to Lipper Inc., investors reacted by withdrawing $18.8 billion from U.S. stock mutual and exchange traded funds during the first week of February. This comes after U.S. stock funds attracted $172 billion in 2013, the largest inflow […]


The Process of Building Strong Stock Portfolios

Date posted: March 20, 2014

Last fall, I outlined the evolution of Provident Investment Management, the gradual change in our team and the intensification of our processes over the years.  We often talk with prospective clients in detail about this intensified investment process, and it occurred to us that our clients might also be interested to know more about our […]


February Viewpoint

Date posted: February 20, 2014

VIEWPOINT  Introducing Dan Krstevski, CFP® Taking excellent care of our clients and their investments is a team effort.  As leader of the team, it is important for me to find the best way for each member to contribute.   Dan Krstevski’s position consists of introducing Provident to prospective clients and addressing clients’ ongoing administrative needs.  As […]


February Investment Comments

Date posted: February 19, 2014

Investors have had to navigate some choppy waters this year.  In January, the S&P 500 lost 3.5%.  According to Lipper Inc., investors reacted by withdrawing $18.8 billion from U.S. stock mutual and exchange traded funds during the first week of February.  This comes after U.S. stock funds attracted $172 billion in 2013, the largest inflow […]


Another Risk of Owning Mutual Funds

Date posted: January 13, 2014

While we are best known for our stock investing, we also invest in bonds for some clients.  In particular, we are fans of municipal bonds, or “munis.”  Investors are familiar with tax-free munis, but they also come in taxable varieties that can be appropriate for tax-exempt or tax-deferred accounts such as IRAs. The purpose of […]


January Investment Comments

Date posted: January 13, 2014

Let us start by saying happy New Year and wishing you a safe and profitable 2014! 2013 has certainly been a great year to be in stocks. Including reinvested dividends, the S&P 500 is up 29.1% through November.  December has been somewhat soft, but even so this is the best year for the market since […]