Jan Rowe earns the Mary Harriman Award

  1. Jan Rowe earns the Mary Harriman Award

    Mitchell Capital’s Jan Rowe has received the Mary Harriman Community Leadership Award. This award is named for Mary Harriman, founder of the Association of Junior Leagues International, and recognizes Harriman’s sense of social responsibility and her ability to motivate others toward volunteer service. The award is given annually to a sustaining member of the Junior League of Kansas City to honor her long-term commitment to community service. Jan has served on the League Investment Committee, Fund Development Council, Membership Council, Holiday Mart and many other League functions. She also serves as Treasurer of the Board of the Rose Brooks Center and served on the original Jazzoo Committee and helped develop the Zoo Learning Fund. All this civic work surrounds her professional life at Mitchell Capital and joining her husband in the operation of a full-time business. Congratulations, Jan, and thanks for years of selfless service. Jan has donated the cash prize that comes with this award to the Rose Brooks Center and the Zoo Learning Fund.

  2. Retirement Saving Options

    Last week we met some friends for a fun Q & A at a local watering hole, something new we are doing that we call Third Thursdays. Come join us next time. We’ll be doing this every month and you can find out more on our Facebook page. This month we talked about retirement savings options. The future, as we all know, is very unpredictable. One thing we can count on is that we will continue to need money as long as we live. We don’t know how long that will be, or how long or how much we will earn. That is why we need to save as much as possible. But how? There are three basic tax-advantaged plans available: The traditional IRA, the Roth IRA and the 401K. Each of these offers advantages depending on individual and business situations. The traditional IRA and the 401K allow you to deposit pretax income and for it to grow tax-free until withdrawal, when it is taxed at your then-current rate. The Roth IRA is just the reverse. After-tax income is deposited, but withdrawn tax-free. It also offers tax-free early withdrawal privileges for specified purposes, such as home purchase, disability, education and others. There are regulations and limits governing all of these plans, but the important thing is to maximize the opportunities they offer. Since tax policy is unpredictable and, well, often haphazard, it is prudent to utilize both kinds of plans. You should carefully examine your personal and business situations with professional advice and proceed accordingly….

  3. A helping hand

      Harvesters Community Food Network represents a successful demonstration of how the private sector can help meet the needs of poor members of our society. Harvesters was created in 1979 by a coalition of business people, faith leaders and social service agencies. It grew from the recognition that a tremendous amount of potentially nutritious food was going into landfills because of manufacturing issues and impending sell-by dates. Harvesters was formed to get that food to those in need. Over the years Harvesters has organized the donation and distribution of these products, as well as packaged goods collected in food drives and prepared but uneaten foods from restaurants and institutional preparers. All of these products are collected and organized at Harvesters’ central warehouse and distributed to emergency food pantries, community kitchens, homeless shelters, children’s homes and similar institutions. Harvesters also offers educational programs covering hunger awareness and nutrition. Its main warehouse is in Kansas City with an ancillary one in Topeka. Today Harvesters feeds nearly 100,000 children a year through its network of food pantries, food kitchens and shelters. It also provides over 20,000 BackSnacks every weekend and 450,000 after-school meals. There are also programs for families and seniors. In its first year of operation Harvesters distributed 155,000 pounds of food. Today, that number is over 45 million pounds. Mitchell Capital’s Rich Jones sits on the Harvesters Advisory Board after being involved in the organization for 25 years. He points out that beside contributions of food, Harvesters welcomes contributions of money as well. One dollar will…

  4. Fees should not be confusing

    Here is a link to a Wall Street Journal article describing the confusion over management fees — something we try to avoid. The question of fees is an obvious one that is too often deferred, poorly explained or ignored altogether. At Mitchell Capital, we would prefer to address it up front. Our fees begin at one percent of a portfolio’s market value, and go down from there, depending on the size and asset allocation within the portfolio. A more important question is, “What do I receive for this fee?” The simple answer is that you receive the best efforts of Mitchell Capital’s managers and staff to achieve conservative, long-term growth in your portfolio to meet your individual objectives. The more complete answer is that we will discuss in detail your present situation, anticipated future requirements and risk tolerance. We will be available for consultation any time, and will send quarterly reports with a market commentary. Using a combination of proprietary computer analysis and hands-on research, we will seek out solid companies with good track records and promising futures. We will monitor them continually, and adjust your portfolio as circumstances require. We will watch the Federal Reserve closely, and follow all relevant government reports on the economy. We will do our best to anticipate trends in the economy and interest rates. Our job is to bring you peace of mind and confidence in the management of your financial assets. That is what our fee is for. Click here for our disclosures. Click here to view a…

  5. Unpredictable

     The stock market will go up. The stock market will go down. The sun will rise tomorrow. All of these things are true. The difference is that we can predict the third one. The Farmer’s Almanac will tell you exactly when and you can bet the ranch on it. If somehow you lose, you won’t need the ranch anyway. Everybody wants to be invested when the market is rising, and historically it has always gone up over the long term. This is because populations and economies have been growing for centuries. The problem is that there have been some very significant hiccups along the way. The market is well along on a multi-year rally, and, so far, enthusiasm for promises made by the new administration have kept it rolling. Can we expect it to continue, and for how long? See the first two statements above. Economist Ed Yardeni makes the case that investors keep buying dips because feared crises like a euro meltdown caused by Greece, or a recession caused by the drop in oil prices, or any number of events publicized in panic mode have failed to materialize. “Nothing bad is happening, and that’s good news for stocks,” says Yardeni. Of course, that can change in an instant. A major force behind stock prices is earnings. Earnings season is upon us, and reports are consistently good. Earnings of S&P companies reporting so far are up 14% year over year. On the other hand, first quarter GDP came in at an anemic 0.7% growth rate….