Advisors' Roundup - December 11, 2015

Here's what I'm reading this week:

Do you have the nerve to be a stock picker?
The Intelligent Investor

Missouri MOST 529 contribution deadline is approaching:
savingforcollege.com

Big changes coming to money-market funds:
WSJ






If you're a Missouri resident and would like help with your planning, please visit us at: www.comptonadvisors.com.

Compton Advisors, LLC is a Registered Investment Adviser (RIA) firm regulated by the Securities Division of the Missouri Secretary of State office. Compton Advisors, LLC does not render personalized financial, investment, legal, or tax advice through this blog. This information is for informational purposes only and does not constitute financial, investment, legal, or tax advice. This information has not been approved or verified by any governmental authority.

Advisors' Roundup - December 4, 2015

Here's what caught my eye:

Trimming the cost of higher education:
Washington Post

Still think actively managed funds are a good idea?
 A Wealth of Common Sense

Why rebalance:
The Chicago Financial Planner



If you're a Missouri resident and would like help with your planning, please visit us at: www.comptonadvisors.com.

Compton Advisors, LLC is a Registered Investment Adviser (RIA) firm regulated by the Securities Division of the Missouri Secretary of State office. Compton Advisors, LLC does not render personalized financial, investment, legal, or tax advice through this blog. This information is for informational purposes only and does not constitute financial, investment, legal, or tax advice. This information has not been approved or verified by any governmental authority.

Advisors' Rooundup - November 20, 2015

What I'm reading this week:

Stick to it:
Business Insider

Social Security expansion for single women proposed:
Time

Taxable distributions are coming!
The Chicago Financial Planner


Note: We'll be taking a break for Thanksgiving here in the U.S. next week. See you in December!


If you're a Missouri resident and would like help with your planning, please visit us at: www.comptonadvisors.com.

Compton Advisors, LLC is a Registered Investment Adviser (RIA) firm regulated by the Securities Division of the Missouri Secretary of State office. Compton Advisors, LLC does not render personalized financial, investment, legal, or tax advice through this blog. This information is for informational purposes only and does not constitute financial, investment, legal, or tax advice. This information has not been approved or verified by any governmental authority.

Advisors' Roundup - November 13, 2015

Grabbing my attention this week:

The most powerful force in the universe:
A Wealth of Common Sense

Long-term vs Short-term valuation:
ETF.com

Do you want to be fooled?
The Irrelevant Investor





If you're a Missouri resident and would like help with your planning, please visit us at: www.comptonadvisors.com.

Compton Advisors, LLC is a Registered Investment Adviser (RIA) firm regulated by the Securities Division of the Missouri Secretary of State office. Compton Advisors, LLC does not render personalized financial, investment, legal, or tax advice through this blog. This information is for informational purposes only and does not constitute financial, investment, legal, or tax advice. This information has not been approved or verified by any governmental authority.
 
 

Code of Conduct Revised

John Dutemple, President & Chief Compliance Officer has approved a new Code of Conduct for the firm and its Covered Persons effective November 7, 2015.

The major change accommodates the use of exchange traded funds and notes (ETF, ETN) based primarily on futures and/or options of volatility indexes. Specifically:

• Exclusion of these instruments from 24 hour advanced trade posting requirements
• Exclusion of these instruments from the 60 day holding period requirement

These instruments are not exempt from quarterly reporting.

PURPOSE OF THE ADVANCED POSTING REQUIREMENT

The purpose of the advanced posting requirement is to allow clients to evaluate and, if they decide it is in their best interests, trade before the firm's Covered Persons enter the market with their trades.

In the case of individual stocks, trading by Covered Persons may reveal information about their evaluation of the company or the price of its stock. In the case of mutual funds or ETFs, it may signal the Covered Person's conclusions about the relative value of the market or sector represented by that fund or ETF.

Advanced posting requirements let clients trade on that revealed, now public, information before the Covered Person.

PURPOSE OF THE 60 DAY HOLDING PERIOD REQUIREMENT

The firm's stated investment philosophy is that of long-term investment, not trading. The 60 day holding period is designed to support that philosophy and to foster thoughtful entry into an investment position.

THE FINANCIAL INSTRUMENTS BEING EXEMPTED FROM THESE REQUIREMENTS

These exchange traded funds and notes are designed to track public volatility indexes. The indexes themselves tend to increase in more volatile markets, usually falling markets, and decrease in stable markets. Thus, the financial instruments in question serve as a partial hedge in falling markets, albeit at a cost in rising markets.

These instruments do not represent an ownership interest in any company. Because the instruments owned by these funds may be leveraged and because the underlying indexes move quickly in price, we have determined the time constraints imposed by our previous Code of Conduct are impractical for the legitimate use of these financial instruments.



Additionally, we feel the use of these instruments does not signal information about the markets or any particular company and, as such, does not invalidate the purpose of the advance posting requirement.

Finally, we have made a minor change clarifying that this blog is included as a valid forum for Covered Persons posting proposed trades.

Please let us know if you have any questions or if you would like a copy of our new Code of Conduct.