Bill Moore and Associates

Bill Moore and Associates

 

Your Personal Team

Our Mission

 

We believe our firm is different.  Human beings are our focus.  Success in investing allows clients to achieve very human goals such as purchasing a home, paying for a child’s or grandchild’s education, or enjoying a comfortable retirement.  We view ourselves  not as aggressive asset gatherers but rather strive to uphold fiduciary values:

 

· Candor

· Trust

· Integrity

· Fair Dealing

 
Text Box: Dear Friends: We are over half way in our annual trip around the sun and what a ride it has been. There are two things we want to make sure are addressed in this issue. First, we have a new face on the front of the newsletter this month. That young man is Tyler Simones. Tyler joined the firm as a Partner on June 1st. We will let you read more about him, his background and his family on Page 3 of this publication. We can’t tell you how glad we are to have Tyler join us as part of the team. He is an important part of the succession plan Bill put into motion almost 5 years ago, when Troy joined the team and became Partner. Now when Bill is out running around the country-side there will be two people trying to fill his shoes. Over the first half of the year the world’s financial markets have been as crazy as the Central Oregon Spring Text Box: weather —- windy, cold and unpredictable. As we have shared with you in our twice monthly emails — if you are not getting these give us a call …. it is most likely due to the fact we do not have your email address — this is one of the strangest markets we have seen in our over 60 cumulative years in the business. Oil seems to have lost its way and been taken over by the speculators. We continue to believe that it is in for a correction, but who knows when. In the mean time the oil market is pushing the stock markets around like the big bully in the school yard. We continue to see an economy that is not as bad as the media would like to paint on the nightly news. The consumer hasn’t gone away and outside of anything related to the housing industry and real estate, companies are increasing their Text Box: profits. However as we always remind you we are not short-term speculators, but long-term investors. We continue to have great faith in the US economy and the ability of Americans to take a bad situation and turn it to their advantage. We believe these qualities have gotten us through other downturns and will serve us well again. We urge you to keep the faith and patience of a long-term investor. All three of us have been buyers, not sellers, of equities over the last six months. By staying the course and holding on to those great companies we all own we will be rewarded. As always thank you for your trust and Text Box: The Roller Coaster Ride Text Box: Volume 5, Issue 3 Text Box: Summer 2008

Disclosures

 

This is neither an offer to sell nor solicitation of  an offer to buy any security.  Such an offer can be made only by prospectus for the specific security.

 

The S&P 500 Index is a composite of the 500 largest Companies in the US. The Dow Jones Industrial is an index of common stocks comprised of major industrial companies. Both indexes are unmanaged and unavailable for direct investment, both assume reinvestment of capital gains and dividends.   Index past performance is not indicative of future results.

 

 

 

Investment Notes

           July 1, and FINALLY it is official.  We are in a bear market.  After 15 months of flirting with the creature (four official market corrections) the markets capitulated last month.  As we’ve pointed out many times in the past, this is a normal event that occurs about every five years on average.  Think back to March of 2003 (5 ¼ years ago) and you’ll remember the S&P 500 at 841.  It then advanced rather steadily to 1550 in October of 2007.

 

             How long we’ll have to live with this furry, smelly creature, we don’t know.  We do know that if you are in the accumulation mode of life you should be excited about the big sale.  If you are in the distribution mode, simply refuse to participate in the madness.  To the extent possible, avoid putting the great companies you own now in the garage sale.  Make a concerted effort to live on your cash (or near cash) reserves while the storm passes.

 

             Times like these give us the opportunity to appreciate really important blessings, like family, sunrises and sunsets, laughter with friends, cool mountain streams, and pleasant walks.  Be patient and have faith.  This too shall pass.  Remember 1982, 1987, 1990, 1994, 1998, 2001-2002.  The problems then appeared as big as the ones everyone is talking about today.  We survived.  We grew stronger.  We grew richer – hopefully not only financially.  Have a great life, drinking deeply the many blessings we all enjoy.

 

             “Abundance consists not only in material possessions but in an uncovetous spirit.” — Charles Sheldon

 

Bill

Mark Your Calendar

August 9th - Bill Moore celebrates his 67th birthday.

 

September 1 - Markets closed in observance of Labor Day.  Our office will be closed.

 

September 11 - Social Security Seminar: “How to Understand Your Benefits and the Program.”  Alan Edwards, Portland Social Security office at the

Bend Golf and Country Club 6:00 pm.

 

October 14 and 16 - Do you have a Financial Plan? Seminar.  McMenamins Restaurant 6:30 pm.

 

November 4 - Election day.  Remember to VOTE!

 

November 27 - Markets closed in observance of Thanksgiving.  Our office will be closed.  On November 28th the market will close at 10am PST.  Our office will close at noon.

 

November 29 - Downtown Christmas Tree Lighting Open House at Bill Moore and Associates Offices. More details in our next newsletter!

 

December 24th - Markets close at 10am PST.  Our office will close immediately upon the closing of the markets.

 

December 25th - Markets closed in observance of Christmas.  Our office will be closed.

 

December 26th - Last day to make a trade in your Pershing account and avoid inactivity fees.

Meet Tyler Simones

Over the last five years we have shared with you our plans to make sure that we continue to serve you for several generations.  Our succession planning efforts are founded in our core belief that everyone needs a financial plan.  We believe if you don't plan you can't reach your goal.

 

Our goal is to keep the promise Bill made 45 years ago-"We are here to help you, your kids, and your grandkids."  As a good example of that, Troy's children are the fourth generation to invest with our firm.  We take this promise very seriously and have worked hard over the last five years to make sure we have an organization in place to keep it.

 

With the addition of Tyler Simones to the firm we now have three generations of ownership to serve you.  You can be assured that barring us all dying in a freak photo copier accident, there will always be a Principal that knows you, understands your important goals, and will keep our commitment to facilitate intergenerational wealth.

 

Neither Bill nor Troy have plans of going anywhere and will still be here to serve you.  Bill will certainly take more time to enjoy life, but will still be part of the firm and part of your lives.  Since Troy still has three small children to raise there will be no slowing him down.

 

Tyler Simones grew up in New Hampshire, ski racing across New England.  He attended the University of Maine at Farmington, where he earned his Bachelors of Science in Business Economics.  His career path was set when he read about Warren Buffet in Roger Lowenstein's book, The Making of an American Capitalist, and was forever hooked on the art of building and managing wealth.  After graduating, Tyler began his career in the investment business with Pioneer Investments in Boston, MA. 

 

He has since lived and worked in Nebraska, Louisiana, California, and Oregon, working mainly on the institutional side of the investment business.  He now looks forward to working directly with clients, helping achieve their long-term financial goals together. When not in the office, Tyler can be found with his nose in a book or investment report, or out on the golf course.  Tyler's wife, Catherina, graciously endured the many moves around the country, always hoping they would eventually settle closer to family in the Pacific NW.  They are excited to make Bend their new home, and to raise their two young children in the beautiful North West.

 

We certainly hope you appreciate our succession planning efforts.  We feel they truly enhance our important relationships.  If you have any questions please feel free to contact any of us.

Bill Moore and Associates

869 NW Wall St., Ste 204

Bend, OR 97701

541-388-9888

 

info@billmooreandassociates.com

www.billmooreandassociates.com

 

Notes From Your Personal Team

My life over the last quarter has been all kids — birthday parties, dance recitals, kindergarten graduations, lacrosse and school.  My oldest daughter Alycen and I were in a one act play this Spring.  It was a great experience and we both learned more about each other.  I had my 46th birthday recently.  I guess like Jimmy Buffett says - “We are the people our parents warned us about.”

When our last newsletter came out the first of April, I mentioned I was looking forward to spring and riding my horse.  Little did I know that was going to be another 3 months (almost) away!  Now that it has warmed up, I am riding more, doing yard work, etc.  Had a great ride at Ogden Camp which I think is one of my most favorite rides.  Also, my husband and I love attending the Bend Elks baseball games.  LET’S GO ELKS!  Have a great summer!

With summer officially here all the activities at our home have made the transition.  The bikes are out of the shed, pool is up and filled and I finally purchased a swing set for our yard.  The only complaint I’ve been hearing from my four children is that it’s still light out … too early for bed!  My wife’s garden is also enjoying the recent heat, however we are being challenged again to try and keep the home cool.  It’s time for us all to enjoy Bend’s summer.

Troy Reinhart

Peggy Foutz

Chad Swanson

There are many things right now in this country that are difficult to accept.  Our economy seems so fragile, I’m sure many of us feel like we’re on a tight rope.  Don’t look down… just kidding!  Some things may seem silly, but a parking ticket on top of the already rising expense of traveling to work everyday was more than an annoyance to me.  I stretch everything I can, and that was not in the budget.  It made me think, however.  This summer I want to focus on something I can be thankful for; my freedom.  I wish I could have the opportunity to extend my hand in person with gratitude to those who have served, or are serving, this country to protect that invaluable commodity.  Thank you, Veterans.  Thank you to the men & women serving today, abroad and in our homeland.  Thank you Police force, thank you Firefighters, EMTs, and all on the front lines, protecting our communities and defending our liberty.  Even when I have to pay the parking ticket, I am deeply grateful!

Kari Wesley

Tyler Simones

Our life has been a blur the last three months.  Selling a house in California and moving a wife and two small kids to Bend was an experience I don’t want to repeat.  Now that we are here in Bend and settled we couldn’t be happier.  I’m enjoying getting to know many of the area’s golf courses, while my two children love the farmers markets, feeding the geese, and the many parks to explore.  We are happy to be in such a family oriented community with so many enriching activities.

The very late spring finally showed its blessings.  The meadows of wildflowers in our out-sized gardens have been absolutely spectacular this year.  A walk in the early morning sets a mood and attitude for a great day.  I look forward to the snow melting enough to hike the cascade wilderness areas, golf, barbeques, the Oregon Coast, fishing, and time with family and friends.

 

Bill Moore