The last few months have been a whirlwind. After paying Lake Oswego rents and struggling to find parking for seven years, we finally found a better situation. In August we discovered an outdated building for sale in Tigard with more space and better parking. On October 25th myself (Tim), Bruce, and Jim Flad, a CPA who’s part of our firm, closed on the building. Since then we’ve been splitting our time demo-ing the 1980’s out of the building and coordinating sub contractors and employees to help us put it back together.
So far we’ve installed new lights, built new walls, added fresh paint, new windows, new doors, new carpet and this week a new reception desk. Before year-end we hope to have the ceilings finished up and new furniture in the waiting area.
On December 5th all eight of us moved from the Lake Oswego location and we’re now open for business in the new Tigard location. There’ll still be three offices left over which will be great for future expansion, but for now we’ll try and lease them to other small businesses.
It’ll take us some time to finish everything up, but we hope to have an open house some time after the New Year to show it off. Stay tuned for that invitation.
Growth Portfolio Changes
In the meantime, we’ve made some changes to the growth portfolio; selling one out-performer O’Reilly’s Auto Parts ORLY, which gained approximately 31% in the five months we owned it, and sold Express Scripts ESRX, a pharmaceutical processing company. We replaced the two with Disney DIS, a company that most are familiar with and a company we’re very excited to own with the news of the Disney-Fox merger, and United Health, a health insurance company that Morningstar thinks will have better growth prospects than Express Scripts had.
We’re finishing up the year working to make sure our over 70.5 year-old clients have their required minimum distributions taken out of their IRAs. However, we’re always available to take any calls and answer any questions you might have as we wrap up the year. Please note our phone number is staying the same but the address is changing:
11535 SW 67th Ave Tigard, OR 97223
Merry Christmas and a Happy New Year!
-Tim Porter, CFP®