At Goelzer,

Warren Buffet once remarked, “Someone is sitting in the shade today because someone planted a tree a long time ago.” Planting and nurturing a tree to the point that it […]

In the mid-2000s, author Daniel H. Wilson published “Where’s My Jetpack?,” a book for frustrated futurists in search of techno wonders promised long ago. Somewhat like Wilson, investors have spent […]

Among the many decisions facing an investment committee, few are as critical as setting an appropriate spending policy. Comprising a set of rules to govern how a nonprofit will distribute […]

All Good Things May Come to an End   The Tax Cuts and Jobs Act of 2017 (TCJA) received a great deal of attention for providing significant income tax savings […]

Dear Tax Guy: I inherited a lake house, but want to give my share to my sister. How can we do this — and avoid paying taxes?   Director of […]

During the first half of 2023, the S&P 500 Index returned 16.8% with nearly three-fourths of that performance coming from just ten companies.1 The dominating theme driving these lopsided returns […]

Much has been written about the U.S. stock market’s narrow performance this year—and for good reason. At its most extreme, five months into the year, all of the S&P 500 […]

“Is our money safe at the bank?” Until recently, that question probably has not kept you up at night. However, unprecedented times tend to shuffle priorities, and, with the recent […]

The past few years have presented a chaotic landscape of new rules and regulations related to federal income taxes. The recent passing of SECURE Act 2.0 in late 2022 created […]

I am often asked, “When will things return to normal?” Despite their daily routines returning to normal, investors continue to feel the aftershocks of the Covid-19 pandemic in the economy […]

Overall, people are giving more to nonprofits. Over the last 40 years, the average yearly increase in charitable giving in the U.S. has been $10.7 billion and reached an all-time […]

In recent days, state banking authorities and the FDIC have closed three banks: Silvergate, Signature Bank, and Silicon Valley Bank (SVB). Both Silvergate and Signature Bank held a niche in […]

A vital part of comprehensive wealth planning is the estate plan. If you have invested the effort to define your goals, manage your cash flow, and save and invest toward […]

Goelzer Investment Management Selected as a Best Place to Work in Indiana Again in 2023   February 27, 2023   INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered […]

Investors have been through a volatile multi-year stretch. The combination of a worldwide pandemic and erratic monetary policy led to 20% or greater declines for U.S. stock prices in three […]

Dear Tax Guy: I bought a portable oxygen concentrator for a friend with terminal cancer. Could it be a charitable donation?   Senior Wealth Advisor Michelle Jann reviews some of […]

Are you interested in moving your finances in a different direction in 2023? If so, it is time to plan your trip. And like all trips, your financial journey will […]

Opinion: RMD calculation for charitable contributions: Here’s the most tax-efficient way to give   Senior Wealth Advisor Michelle Jann reviews the benefits of qualified charitable distributions (QCDs) for MarketWatch readers. […]

  On November 29th, more than a hundred non-profit leaders, board members, and friends joined us for a special, moderated conversation with Moira Carlstedt, John Elliott, and Ann Murtlow that […]

The Best Way to Construct a Portfolio in Today’s Market   Director of Portfolio Management Gavin Stephens, CFA, joined “Morning Trade Live” host Oliver Renick to talk about fixed income, […]

December 12, 2022   Our core purpose is to Enrich the Lives of our Clients, Colleagues, and Community, and our 2022 Community Engagement Report highlights our many efforts this past […]

As Thanksgiving approaches, our thoughts often shift to loved ones and our communities. The season of giving also begins with Giving Tuesday taking place the week after Thanksgiving. Many people […]

As this difficult year for investors moves ahead, a peculiar logic is taking hold over the markets: what is good is bad, and what is bad is good. In other […]

Munis follow UST rally post-weak GDP; fund inflows return   Director of Portfolio Management Gavin Stephens, CFA, tells The Bond Buyer that most of the damage to bonds is finished […]

Here’s the threat to markets if investors ignore ‘nontrivial’ stagflation risk   In a current state of stagflation, Director of Portfolio Management Gavin Stephens provided commentary to MarketWatch about how […]

In our April 2021 edition of Insights, I wrote that inflation would become the new worry for investors. With the consumer price index above 8% the past three months, that […]

In times of stress, our natural reaction is to either run for the hills, fleeing from what threatens us or to freeze and do nothing, choosing to endure and hoping […]

Stocks Wobble as Powell Testifies Before Congress   Director of Porfolio Management Gavin Stephens spoke to The Wall Street Journal about recent market moves and recession indicators.   To read […]

A discussion on markets and Goelzer’s expansion into St. Louis   Don Hutchinson and Brett Stehl discuss the economy and inflation, market strategies and Goelzer’s expansion into St. Louis with […]

Investment Advisor Adds Institutional Consultant   FIN-News, which provides insights on the institutional asset management space, reported on our hiring of Brett Stehl as an institutional consultant as we grow […]

INDIANAPOLIS, IN – May 31, 2022 – Goelzer Investment Management, an Indianapolis-based investment firm, is proud to announce that Brett Stehl has joined the firm to enhance Goelzer’s services to […]

Stocks could fall a lot further   Director of Portfolio Management Gavin Stephens is quoted on whether the Fed will stay the course and hike rates, despite the stock market […]

Will declining stock prices cause the Federal Reserve to alter its course?     May 2022   During the last hiking cycle—a slow, deliberate cycle that began in December 2015—investors […]

Munis steady in their own lane amid UST volatility   Director of Portfolio Management Gavin Stephens speaks about time-sensitive opportunities in municipal bonds.   To read this article, please click […]

April 2022   Prior to each of the past six U.S. economic recessions, the yield on 2-year U.S. Treasury notes has risen above the yield on 10-year U.S. Treasury bonds—a […]

Analysis: Some investors tiptoe back into Treasuries, as hawkish Fed clouds outlook   Director of Portfolio Management Gavin Stephens discusses Goelzer’s bond strategy amid a hawkish Fed.   To read […]

Munis hit on long end, play catch-up to Treasuries   Director of Portfolio Management Gavin Stephens’ commentary on the chances of a near-term recession is quoted.   To read this […]

April 2022   The new year has delivered a sharp jump in volatility across stock, bond, and commodities markets. Chart 1, for example, shows that daily price volatility for the […]

March 2022   Inflation is at the top of most minds—and with good reason. The most recent information released by the US Bureau of Labor Statistics cites that the Consumer Price […]

March 2022   Following Vladimir Putin’s decision to invade Ukraine, we have fielded many questions about potential spillover effects of the war on the global economy and on financial markets. […]

Stock-market investors should watch this part of the yield curve for the ‘best leading indicator of trouble ahead’   Director of Portfolio Management Gavin Stephens speaks to Joy Wiltermuth about […]

Munis hit hard on short end, damage felt along curve   Director of Portfolio Management Gavin Stephens’ commentary on the 3m/10y yield curve is quoted.   To read this article, […]

The ‘Yield Curve’ Is Close to Inverting. A Different Curve Tells a More Upbeat Story   Director of Portfolio Management Gavin Stephens is quoted on why investors may be watching […]

Goelzer Investment Management Selected as a “2022 Best Places to Work in Indiana” Company   February 22, 2022   INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest registered independent […]

Goelzer Investment Management Named a 2022 Best Place to Work for Financial Advisers in Nationwide Program   February 7, 2022   INDIANAPOLIS – Goelzer Investment Management, one of Indiana’s largest […]

January 2022 “Tomorrow belongs to those who can hear it coming.” —DAVID BOWIE   We have made it our practice to begin each year with an update of our 10-year […]

December 15, 2021   At Goelzer Investment Management, we are committed to enriching the lives of our clients, our colleagues, and those in our community.   We believe that we […]

November 2021   Growing interest surrounding ESG investing, which stands for Environmental, Social, and Governance, requires institutional investors to be aware of the challenges and considerations in successfully implementing ESG […]

October 2021 “I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want […]

Critical Actions for Success   Most business owners agree that having a formal transition strategy is important, yet 80% of owners don’t have one. It’s easy to delay the process, […]

July 2021 Investing involves risks. One type of risk we all try to avoid is the permanent loss of money. But a more common risk faced by investors is temporary […]

July 6, 2021   Goelzer Investment Management is proud to announce the full return of our team to our headquarters on the Circle in Downtown Indianapolis and the full reopening […]

Goelzer Investment Management’s Institutional Advisory Team provides a unique look into capital market conditions with an eye towards the re-opening of the economy, intermediate implications of a shift in fiscal […]

April 2021 Investing is a never-ending struggle between worry and optimism. The past 14 months illustrated that better than any period in recent memory. Beginning with panicked selling set off […]

Goelzer Investment Management Selected as a “2021 Best Places to Work in Indiana” Company   February 2021 Goelzer Investment Management, one of Indiana’s largest registered independent advisory firms, is very […]

“After changes upon changes we are more or less the same.” PAUL SIMON, “THE BOXER”   January 2021 For all the economic turmoil and suffering the pandemic caused in 2020, […]

October 2020 While still below January’s pre-pandemic level, the U.S. economy has made great progress since the lifting of lockdowns and restrictions. Yet today’s economy is far from normal and, […]

October 2020 The CARES Act was passed in the spring in an effort to help Americans through the pandemic and ensuing economic turmoil. It also may provide a few additional […]

August 2020 In Indiana, our county sheriffs protect our communities and enforce our laws, and we are deeply grateful for the safety and security that sheriffs and their deputies provide. […]

July 2020 We’ll start with good news: the recession that began in February has already ended. That is not to say that the economy is back to where it was […]

June 2020 As equities experienced two bear markets and interest rates declined in the 2000s, interest in alternatives became more pronounced. This was coupled with innovation in financial instruments, including […]

June 2020 The importance of a strong Investment Policy Statement in times of crisis: What can (and should) you be doing? What happens when you make short-term decisions with long-term capital? Think long-term […]

June 2020 Over the past six months, Congress has passed two new laws that affect retirement, charitable giving, and estate planning. The new laws known as the SECURE (Setting Every […]

May 2020 Goelzer Investment Management reopened our offices in downtown Indianapolis this week in accordance with our new Return to the Office Plan, which is designed to protect the health […]

April 2020   Mitigation efforts to slow the spread of COVID-19 are affecting the daily lives of people around the world. Some 2.6 billion people are now living under government […]

March 2020   Given recent events, extreme volatility, and understandable concern, we want you to know we are very much present and assessing new information as it becomes available. We […]

January 2020   “At Goelzer, intellectual capital has always been one of our strengths, and with Chris Cotterill aboard, we’re enhancing our management capabilities so that our clients continue to […]

January 2020   The stock market reminded us again this past year that a perfect economy is not required to push stock prices higher. Rather, prices climb on signs of […]

Most institutions rely on their investment portfolios to fund their budgets. From tuition assistance to basic operational assistance, these institutions have drawn on their investment funds to fulfill their missions. […]

August 2019   What is one to make of the markets over the past six months? First the stock market fell 20% and bond yields declined, both correctly predicting a […]

August 2018   The first three quarters of 2019 have produced unexpectedly strong results for bond investors. Slowing global economic growth, declining inflation expectations, and accommodative central bank policies have […]

August 2018 Investors have shown increasing acceptance of passive investment strategies. Meanwhile, funds that employ active strategies—that is, those with managers who strive to outperform their benchmarks—have lost market share […]

We all face risks as investors. Stock market volatility, interest rate changes, and permanent loss of capital are just a few of the many risks we confront in pursuit of […]

April 2018   How much can I spend each year without depleting my portfolio? It’s a question we hear often from clients. While the question is simple, calculating the answer […]

January 2018   It’s not just people who like to take time off now and then. Apparently, volatility also enjoys some time off—at least that’s what this past year’s stock […]

October 2017   Before starting this quarter’s discussion, I first want to extend from all of us at Goelzer our heartfelt sympathies to those who have suffered due to the […]

April 2017   “Higher interest rates may be coming.” That was the forecast we shared on these pages one year ago. Our forecast was based on expectations for higher inflation […]

January 2017   The U.S. stock market was both a volatile and rewarding place to invest in 2016. Thanks to a sharp year-end rally set off by the U.S. elections, […]

October 2016 Central bankers across the developed world continue to rely on low or even negative interest rates to spur economic growth. The resulting low returns on bank accounts and […]

July 2016   The chart below shows both the monthly prices and forward 12-months earnings for the S&P 500 Index since January 2000. What the chart makes clear is the […]

April 2016   Markets have a way of wearing people down. By moving in one direction or staying within a range over an extended period, markets convince people that the […]

January 2016   Since the start of the industrial revolution, people have worked to become proficient at mining, manufacturing, financing, and selling all types of goods. It became evident this […]

November 2015   Many investors are concerned with how to secure a reliable and growing stream of income. At Goelzer Investment Management, we believe the key to meeting your income […]

October 2015 Volatility is back. The stock market’s mostly smooth climb higher since 2012 was interrupted this past quarter with stock prices, at the worst point, declining by 10% over […]