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DEIGHAN ASSOCIATES, INC. - REGISTERED INVESTMENT ADVISOR
455 HARLOW STREET BANGOR, MAINE 04401 - TELEPHONE 207.990.1117
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INVESTMENT QUARTERLY
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Year End 2009
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MARKET COMMENTARY
The New Year is often a time of contemplation. It is a time for looking toward the future while reflecting back on the challenges and successes of the outgoing year. At the onset of 2009, few investors dared hope for the type of turnaround we've witnessed. In March, the S&P500 Index fell to 667 points. Since then, it has rallied nearly 70% to over 1,100. On the year, the S&P ended up over 25%. There were more than a few moments when it seemed the world might fall down around our ears. Fortunately, the markets turned, and those investors who had the faith to persevere were ultimately rewarded with a significant bounce.
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THE FEDERAL ESTATE TAX
In early 2001, we wrote an article heralding relief in the federal estate tax. As a result of that relief, the federal estate tax exemption grew from a taxable base of $675,000 in 2001 to $3.5 million in 2009, with a complete abolition of the federal estate tax in 2010. However, a sunset provision was included that whipsaws the original rules back into full force in 2011 with only a $1 million exemption. Nine years ago, we all chuckled at the absurdity of the sunset provision in the law. We never expected to see the death of the federal estate tax and joked that none of us would want to be on life support during the last part of 2010! We are not laughing now.
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Full Newsletter in Adobe Acrobat© .PDF file format
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| Daily price performance for the Russell 2000, S&P 500, and MSCI EAFE
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Deighan Associates, Inc. is an SEC Registered Investment Advisor. It is neither offering nor
rendering personalized investment advice or financial planning advice through this web site.
This site is limited to dissemination of general information about the Advisor's services.
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Deighan Associates, Inc. may transact business only in states in which it is registered, or
in which it is excluded or exempted from registration. Deighan Associates, Inc. is currently
registered in Maine, New York, and Florida, and has de minimus exemption to transact business for clients
in other states.
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Deighan Associates, Inc. can only render advice after the delivery of a Disclosure Statement
and the execution of an Agreement to Provide Investment Management Services or Consultation
Agreement signed by the client and the firm.
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© 1998 Deighan Associates, Inc.
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