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Third Quarter Market Commentary

Posted by Byron Sanders on Oct 7, 2019 3:17:55 PM



Third Quarter Market Comment

October 7, 2019

Global equities opened the third quarter of 2019 amid a sharp selloff, followed by an extended period of advances and declines within a wide trading range, a sustained rally to near all-time highs and finally, late in the period, a moderate decline. At the close of the quarter, net results were mixed with most domestic indexes posting small gains. International and Emerging Markets issues finished modestly lower, pressured by slowing economies and US dollar appreciation.

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Topics: Financial Planning, Dimensional Fund Advisors, USA, Economics, stocks, bonds, markets

A Bucket Plan to Go with Your Bucket List

Posted by Doug Kinsey on Aug 2, 2019 6:53:39 PM

One way to help you prepare.

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Topics: Investments, budgeting, Financial Planning

BonFyre of the Vanities

Posted by Doug Kinsey on Feb 11, 2019 12:11:08 PM

Technology and the meaning of true relationships.

I watched the Neftlix documentary, Fyre, last night and went to bed feeling thoroughly confused. First of all, I was not aware of the "Fyre Festival" that is the subject of the documentary, and the events that transpired leading up to and during its massive failure.

Watching the film is like watching a cataclysmic car accident on a busy highway. One in which all the drivers are either drunk, stupid, exhibitionists, or all three. I felt like I was watching a movie where it was impossible to like anyone, including the "influencers" and ignorant customers of the "event."

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Topics: Financial Planning, Fyre, Fyre Festival, Social Media

Artifex Financial Group 4th Quarter 2018 Economic Update

Posted by Byron Sanders on Jan 10, 2019 4:57:35 PM

Read the quarterly commentary from Byron Sanders, our Investment Strategist.  Click on the image below to download.  Email Byron directly at if you have any questions for him.

Best regards,


Your Artifex Team

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Topics: Financial Planning, Retirement Planning, Economics, stocks, bonds, markets

May 2017 Newsletter - Memorial Day Edition

Posted by Doug Kinsey on May 26, 2017 12:30:47 PM

Macro Overview – May 2017

Fiscal policy has taken center stage as President Trump’s tax proposals will begin a drawn out process for legislative approval. Individuals, small businesses, and large corporations are expected to benefit from the various proposals. Geopolitical risks weighed on global financial markets during early April as investors sought fixed income. Regardless, global equity markets achieved higher levels as confidence returned. French voters are a focal point in the international markets as they decide the probable fate of the European Union (EU) and the euro’s acceptance. A leading candidate, Marine Le Pen, is an advocate of France exiting the EU, which the British voted for last year. Mexico and Canada breathed a sigh of relief as President Trump suggested that perhaps the U.S. could renegotiate NAFTA rather than abandoning it. Trade has been a leading agenda item for the President as suggestions to impose tariffs on imports has raised anger among U.S. trading partners. Contrary to popular belief, the U.S. dollar has actually fallen after recent Fed rate hikes. Some economists see this as a signal that rates may actually stay close to where they are and not rise much until stronger economic numbers are in. The Fed gave no indication of slowing tightening plans this year, even though U.S. economic growth slowed to 0.7% in the first quarter of 2017, the slowest quarter in three years. Consumer sentiment, though, remained at elevated levels in April as the University of Michigan’s Consumer Sentiment Index rose again. It is up 9% from April 2016 to April 2017. The S&P 500 Index finished up 5.5% during President Trump’s first 100 days in office. Timing has become a must when achieving an attractive first 100 days. Roosevelt began his term in the midst of the depression with a rebounding market from collapse in 1933, while Bush saw his first 100 days during the middle of the dot-com bust. (Sources: Eurostat, S&P, Bloomberg, Fed, Univ. of Michigan)

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Topics: Financial Planning

Financial Planning - Will Taxes or Probate Costs Reduce Your Estate?

Posted by Doug Kinsey on Jan 18, 2017 10:57:33 AM

Safeguarding the future of your loved ones is one of the most important parts of what effective Financial Planning is all about. Unfortunately, however, when you don't have a financial advisor who is on your side, chances are that your heirs and beneficiaries will receive only part of your estate. This is because the rest will go towards taxes and administrative costs that can center around commissions or other charges calculated as a percentage of your total assets. True fee-only Financial Advisors don't accept commissions or compensation based on product sales or other related costs. This means you get more comprehensive advice because they don't have to choose between what's best for you or what's best for them. Why is this so important in helping you minimize estate shrinkage and allowing you to achieve your lifetime personal goals?

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Topics: Financial Planning

Financial Planning Shifts: What Will the Next Four Years Look Like?

Posted by Doug Kinsey on Dec 1, 2016 2:12:59 PM

Every time the Presidency changes from Republican to Democrat or vice versa, the American public expects shifts in national fiduciary policy. That being said, we had a recent election, and President-Elect Donald Trump has now proposed many new policies, including adjustments to federal tax rates. He proposes, for example, eliminating the head-of-household exemption, which would impact single parents. Since we live in a period of flux, it's a good time to consider how to shift our financial planning goals, especially if our current investments aren't meeting our needs.

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Topics: Financial Planning

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Commentary on the world of finance, and other things

We at Artifex believe in enhancing the wisdom of our clients and readers.  While most of our topics will be related to investments, personal finance, and the economy, we also endeavor to include thought-provoking commentary on topics that will help you expand your "mental models", as referred to by Charlie Munger and Warren Buffet. We want you to learn from us and others how to think logically and see the world through an informed lens.

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