Here is the client letter from August 9th.
Note: This link is to a PDF document that is in Landscape mode (wider than tall). Most readers offer a View option to rotate the pages for easier reading on screen, which may help with this document.
A little something from KOIN 6…
Boiler room-style calls are characterized by high pressure sales pitches from people who call you out of the blue, working from a list or simply dialing from a phone book. FINRA is issuing this alert because we have seen an increase in aggressive calls touting the next hot stock. Callers tend to target seniors, and have been all-too successful in conning people of all ages into buying penny stocks and other speculative investments.
We are currently in the process of contacting all our clients for portfolio reviews and to discuss the current market conditions. If you have not yet heard from Lynda and you would like an appointment please either call her at the office, 503.699.9556, or email her at firstname.lastname@example.org. Lynda will be happy to schedule your review appointment. You should meet or speak with your financial advisor at least once a year to review your accounts.
A CNN Money article:
U.S. markets had their worst year since the financial crisis. No wonder making money was tough.
Read the article at the source: Nearly 70% of investors lost money in 2015 – Dec. 31, 2015