Investment Insights

1st Quarter 2017 Report to Investors

April 26th, 2017

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

– Warren Buffett

Virtually all domestic equity markets in the first quarter of the year reflected continued economic optimism that resulted post the contentious 2016 Presidential election…

Download Investment Insight

2017- A big change is coming, maybe! – Investment Outlook

January 17th, 2017

“Change is the law of life.  And those who look only to the past or present are certain to miss the future.” – John F. Kennedy

Change typically is not necessarily accepted well in the short term by financial markets.  However, the unexpected (for most) election of President-elect Donald J. Trump and the control of both houses by Republicans represents significant change from what had been expected by many to be a Presidential win for Hillary Clinton and the potential that the Senate would flip to Democrat control.  The unexpected, like Brexit, occurred and President-elect Trump will be accompanied by both a Republican House and Senate.  Initially, domestic financial markets responded well.

Download Investment Insight

3rd Quarter 2016 Report to Investors

November 1st, 2016

Despite significant uncertainty during the third quarter, most equity markets prospered while bond markets were mixed with corporates appreciating and municipals declining slightly.  Commodities (gold and oil) were flat to slightly lower and residential real estate seemed to continue its upward trajectory in many markets.  Yet investor uncertainty remains centered around what the Fed might do at the end of the year and beyond; who will win the election between two contentious and disliked Presidential candidates; will Italy (after Great Britain) be the next to leave the Eurozone (vote in December); can corporate earnings and the general domestic economy reaccelerate in the last months of the year; are we facing an imminent recession; and what is a prudent path for the long-term investor?

Download Investment Insight

Are Valuation Discounts Almost a Thing of the Past?

October 11th, 2016

Ideas and Considerations for Passing Wealth to the Next Generation Before the IRS Makes a Change

One of the biggest questions that our clients frequently ask us is “How can we pass on our family’s wealth to our children, and minimize the portion that is lost to estate and gift taxes?”  At First Long Island Investors, we have worked with many clients and their outside professionals to answer that question, and we have developed different and creative ways to reduce the estate tax burden so that more wealth is passed on to the next generation.  Valuation discounts, one of many estate planning strategies that we have successfully implemented for clients are being threatened by proposed new government regulations.  Now is the time to consider if this strategy is right for you and to take action before year-end.

Continue Article

2nd Quarter 2016 Report to Investors

June 30th, 2016

The second quarter ended with significant volatility (both down and up) after an even more volatile start to the first quarter.  However, even after absorbing such volatility, year to date results for the major domestic indices through June 30, 2016 were quite reasonable.  This quarter’s investment perspective covers what caused this latest wave of volatility and how we recommend investors position their portfolios going forward.

Download Investment Insight