Weekly Market Recap This week saw US consumer confidence hit a new high for this economic cycle topping the January 2015 reading. Jobless claims remained low and GDP growth for Q2 in the US was revised upwards. Other data this week suggested that housing market growth is moderating, though the overall 2016 picture for housing appears positive with US house prices up 5% this year nationally according to the Case-Shiller Index. Portland, Seattle and Denver saw the largest increases of major metro areas. As we start to enter the final quarter of the year and tax comes into focus, we want to remind you of the value of long-term gains for your taxable investment account. As a reminder, a taxable account is a traditional brokerage account where you typically pay tax on capital gains, not an IRA or 401(k) or similar investments since, these can defer tax payments. Under the current US tax code, capital gains on stocks and bonds that have been held over one year are generally taxed at lower rate than capital gains held for shorter periods. So, all else equal, for many investors, holding your successful investments for more than a year can reduce the percentage tax you pay. Under the current US tax code, long-term gains are taxed at absolute rates that can be between 10% and 20% lower (depending on your tax bracket) than your short-term gains. Short-term gains are generally taxed at your federal and state income tax rates. Thus, holding an investment with a gain for more than a year can reduce the percentage of that gain you pay in tax. That's why our algorithm considers long-term gains when managing trades for Premium clients, and why you should similarly consider holding investments for over a year before selling them. Disclaimer:
The views expressed are for informational purposes only and are not intended to serve as a forecast, a guarantee of future results, investment recommendations or an offer to buy or sell securities by FutureAdvisor. All expressions of opinion are subject to change without notice in reaction to shifting market, economic political conditions, and as subsequent conditions vary. The investment strategies mentioned are not personalized to your financial circumstances or investment objectives, and differences in account size, the timing of transactions and market conditions prevailing at the time of investment may lead to different results. This material may contain "forward-looking statements": information that is not purely historical in nature. Clients may lose money. Past performance is not indicative of future results. Investments in securities involve the risk of loss. Any tax strategies discussed should not be interpreted as tax advice and do not represent in any manner that the tax consequences detailed will be obtained. Clients should consult with their personal tax advisors regarding the tax consequences of investing. Your Portfolio Update Over the past month your portfolio was up 0.3%, and we have no recommendations at this time to improve it. Congratulations on maintaining one of the best portfolios among all our clients. We will, as always, continue monitoring your account and alerting you if there are actions to take (periodic rebalancing is required, etc). Ways To Improve Your Portfolio | 0 Accounts with Actions | Your portfolio has no recommended actions right now. We'll watch over your investments and alert you with an email when there are actions for you to complete. Sign in to see detailed steps  |  | Action Required - keep your recommendations accurate | | Your financial institution requested additional authentication to keep your investment accounts synchronized to FutureAdvisor. Keeping your accounts synchronized allows FutureAdvisor to monitor and keep you up-to-date on your investments and recommendations. | | Please log in to fix this in your Financial Profile. | | Sign in to see your full dashboard | * All amounts are as of the sent date of this email | 
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