“And now we welcome the New Year, full of things that have never been…”

– Rainer Maria Rilke

The great thing about another New Year’s Eve is that it gives all of us a precious moment of chance to reflect on the year that is closing, and an opportunity to make the next year better.  It’s a chance to be thankful for a year filled with friends and family (which got bigger this year for us). We were able to see a number of our offspring move closer to realizing their dreams and goals, and a chance to see the opportunities presented to us in the normal challenges of life. Some of the ‘stepping stones’ still look a little like ‘stumbling blocks’, and we’re working on those.

Sadly, the march of time has claimed some of our near and dear. Their passing has wounded us, but we’re grateful for the good memories which we continue to hold in our hearts.

For us, we mostly have had only minor health challenges — we appreciate our good health more and more as the years move along.

I am personally thankful for the fantastic support team that helps keep me on track. Linda continues to keep up with all of the changes all of you have and keeps all the messy paperwork from reaching my desk. Happily, she also manages to keep a smile in her voice — even on the long days. Jack keeps our systems humming — he can find solutions to the most vexing software problems — and also helps us to laugh at ourselves. And of course Pat! You’ve all likely heard me rant about all of the records that we must keep to be in business. It’s so great to know that the records get recorded as they should. Then there’s the informal group of partners that I lean on for assistance with legal and accounting questions. You know, I truly appreciate being able to shoot out an email and get answers to most of the questions that pop up every now and then.

So, on now to 2019.

I do not believe in New Year’s resolutions, per se. However, a long time ago a mentor suggested that at the beginning of each year I write down three categories of things that I would like to see materialize in the New Year. I took that suggestion to heart and here are my choices for 2019:

  1. Things that I want to do. High on that list are: More education, more time with family, more trips for pleasure, etc.,
  2. Things I want to be. One main item here: Be a better listener! (Hey, just ask my wife or Linda!).
  3. Things I want to own. I put this down in third place mainly to remind me that it should be in third place, below and behind the two categories above it. And, I am so blessed to be in a position that there really isn’t much of consequence to put on this list. (Especially now that I got that Patriot’s jersey!).

Experience has shown me that the things that get written down manage to happen, and things that are not written down don’t seem to happen. It’s worked well for me and my family. You might try it, or pass that suggestion on to your family.

We are looking forward to the coming year to be better. To serve you better, assist you in reaching your goals, and generally be more helpful, even if it’s just a friendly ear. We truly appreciate you. We’re grateful for your trust, your friendship and the opportunity to serve you. We look forward to many years of working together as we all move forward.

Here’s to a terrific 2019, Happy New Year!

Market Minute – A Quite Unusual Year

The year is almost over, and many of us are glad to see this particular year come to a close.                                                                                                                                    

It has been a very volatile year in markets, complete with headlines to match. With two trading days left, this may be the first year since 1972 when not one major market or sector, in or out of the US, has managed to gain even 5% for the year. In addition, so far this is the worst December in US markets since the Great Depression. Even the huge-a-mongous ‘up’ day this week did not manage to affect the VIX in a positive way – the fear indicator is quite high – which typically goes hand-in-hand with negative action. With the elevated VIX, we’ve seen huge swings, back and forth in markets.

On the positive side, in a down-trending market it takes more than one big move up to change the trend, but this week did give us one. We will continue to watch for indications that money is again flowing INTO the markets to give us a heads-up that the trend will be changing back to the UP direction. Until then we are maintaining a VERY defensive position. We will have much more to say about 2018 in next week’s e-letter.

 Blessings and best wishes for a Happy New Year, and a less exciting market in 2019.


Ronald P. Denk, CFP®
Investment Advisor

Denk Strategic Wealth Partners
10000 N. 31st Avenue, Suite C-262
Phoenix, AZ 85051
Phone (602) 252-8700
Fax (602) 252-8701
Toll-Free (877) The-Denk

This weekly article reflects news, commentary, opinions, viewpoints, analyses and other information developed by Denk Strategic Wealth Partners and/or select but unaffiliated third parties. DSWP provides Market Information for illustrative and informational purposes only. If you wish to receive this weekly commentary by email please contact us at 602-252-8700 or by e-mail at lindaw[@]denkinvest.com. If you are receiving this commentary via email and would prefer not to please let us know either by email or phone.

Ronald Denk is an Advisory Representative offering services through Denk Strategic Wealth Partners, A Registered Investment Advisor. He is also a Registered Representative, offering investments through Lincoln Financial Securities Corporation, Member FINRA/SIPC.

Denk Strategic Wealth Partners is not affiliated with Lincoln Financial Securities Corporation. Information in this commentary is the sole opinion of Denk Strategic Wealth Partners. Past performance is no guarantee of future returns. All market related investments involve various types of risk, which include but are not restricted to, credit risk, interest rate risk, volatility, going concern risk, and market risk.

The Update provides information of a general nature regarding legislative or other developments. None of the information contained herein is intended as legal advice or opinions relative to specific matters, facts, situations or issues. Additional facts, information or future developments may affect the subjects addressed in this document. You should consult with an attorney, accountant or DSWP planner about your particular circumstances before acting on any of this information because it may not be applicable to your situation.

Lincoln Financial Securities and Denk Strategic Wealth Partners and their representatives do not offer tax advice. Please see your tax professional regarding your individual needs.

*The indices are representative of domestic markets and include the average performance of groups of widely held common stocks. Individuals cannot invest directly in any index and unlike investments, indices do not incur management fees, charges, or expenses, therefore specific index returns will be higher. Past performance is not indicative of future results.