We made it through a historic blizzard, we hope all of you in New England were able to maintain power and stay warm! Below is March's Newsletter to brighten up your day and lead you into Spring!

If you have inquiries about the investment markets or your tailored wealth management strategy, please don’t hesitate to reach out to us!

Best Regards,

The Barry Team

ON OUR MINDS THIS MONTH

Artificial intelligence has quickly become the most powerful narrative in global markets. But what if the technology is real, while the valuations surrounding it are not?

By dramatizing a pivot from life-changing advice to a blatant product plug, Anthropic highlights the growing concern that Large Language Models (LLMs) might soon prioritize advertiser incentives over genuine user intent.

Software stocks have declined sharply as investors price in the idea that AI coding tools will make enterprise software obsolete. However, a closer examination reveals that replacing mission critical systems is far more difficult than generating code snippets.

THIS MONTH'S MARKET LENS

These charts show how the Artificial Intelligence story has evolved over the last few years. The initial narrative focused on rapid productivity gains as software companies integrated AI into their products. While AI is clearly transformative, adoption and near-term productivity gains have been slower and less widespread than investors first expected. In response, the market has increasingly rewarded where spending is happening today: the companies enabling data center buildouts, along with power and utilities, and materials and commodities tied to the infrastructure buildout.

FINANCIAL PLANNING SPOTLIGHT

1099 and 1099-R Tax Forms Now Available Many Form 1099s and 1099-Rs are now available. You can access these documents quickly and securely by logging into your Fidelity account online. Once logged in, navigate to the "Accounts & Trade" tab and select "Tax Forms & Information" to view or download your statements.

Supporting Tax Documents To further assist you and your tax professionals, we have compiled additional resources on our website. You can find helpful supporting documentation about positions whose investment income may be excluded from state tax income by visiting the link below.

https://www.barryinvestmentadvisors.com/important-tax-information

2025 IRA Contribution Deadline Please be reminded that the deadline to make contributions to your IRA for the 2025 tax year is April 15, 2026.

If you would like our assistance in processing a contribution, we kindly ask that you submit your request to our office no later than April 1, 2026. This lead time allows us to process all requests ahead of the deadline.
If you have any questions or require further assistance, please do not hesitate to call the team at 888-992-8601 or email us at planning@barryia.com   

WISDOM WORTH REPEATING

"Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas"

-Paul Samuelson

BEYOND THE DESK

The BIA team sharing a great meal after their productive Strategy Day

Andrew's girls gave their Dad a hand shoveling snow during the blizzard!

Liz's good boy, Rusty, enjoying some fresh snowfall

Andrew's youngest daughter went skiing for the first time

Liz's daughter played some basement hockey to pass the time during the blizzard!

COMMENTS, COMPLIMENTS, & CRITIQUES

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