New Year, New Government, New style President — everyone is making projections, recommendations, and changes. With this in mind, what are we doing in this exciting time? NOTHING.

We did review our recommendations and holdings. What we found was interesting. They said — whomever they are — to buy infrastructure, but we already had three infrastructure companies. Automobile sales will continue to boom, but we already had three auto supply companies. Amazon is wiping out retail except for discount stores, but we had two discounters. Employment is going to increase. Got it covered. The age of smart machines is coming. Got it covered. We are moving toward healthier foods. Covered. Buy real estate investment trusts to fight inflation? We have retirement communities. I think I saw somewhere that the number of retired individuals is going up. We also have the largest chain of convention hotels. With employees working from home, the need for conventions to align goals becomes more important.

Then there are the banks. They say buy the banks. Well, our model says buy safety and quality. Did you ever wonder why, when an individual, business, or any other organization fails, they call it Bankruptcy? Of all the businesses in the country, only the banks need government insurance. I look back at history and find you cannot have a great depression, recession, or crash without bank failures. For some reason, we think banks do not fit into our portfolios.

Maybe next year we will have something exciting to talk about.

In the meantime, we believe continuing to invest now is always the right thing to do, contribute to your IRA for 2017, set up automatic savings monthly from your paycheck, and discuss our newest categories added to our list of buy opportunities.

Sincerely,

Katz Family Financial