Professional Equities December 2018

Insider Passive Residual Income THEULTIMATEPASSIVERESIDUAL INCOME TM DECEMBER2018 The

FROM THE DESK OF

Bill Moist

“Yesterday, Dec. 7, 1941 — a date which will live in infamy — the United States of America was suddenly and deliberately attacked by naval and air forces of the empire of Japan. […] It will be recorded that the distance of Hawaii from Japan makes it obvious that the attack was deliberately planned many days or even weeks ago. [...] With confidence in our armed forces, with the unbounding determination of our people, we will gain the inevitable triumph — so help us, God. I ask that the Congress declare that, since the unprovoked and dastardly attack by Japan on Sunday, Dec. 7, 1941, a state of war has existed between the United States and the Japanese empire.” –President Franklin D. Roosevelt The attack on Pearl Harbor in 1941 led to the severe destruction of the United States Pacific Fleet, but it lit a flame in the hearts of Americans. The sudden strike by the Japanese forces destroyed 20 American vessels, eight of which were battleships, and over 300 airplanes. Over 2,000 military and civilian American lives were lost, and another 1,000 suffered injuries. The following day, President Roosevelt gave his Pearl Harbor address to the nation, urging Congress to take action and declare war on Japan. This event brought the citizens of America together for the first time since WWII began. It was time to go to war. Although the attack caught America by surprise, the war had seemed unavoidable for some time. In 1937, Japan declared war on China to seize its import market for financial gain and to expand Japan’s territory. The Japanese government had been struggling with economic and social issues, and its leaders sought to solve these problems by taking the land of neighboring countries. In retaliation, America attempted to intimidate Japan by banning further trade with them. Instead, this action only made the Japanese government more reluctant to leave China. In the years that followed Japan’s declaration, Washington, REMEMBERING PEARL HARBOR T he A ttack T hat B rought W orld W ar II to A merica

Halloween passed a while ago, however, it was so magical this year that I wanted to share it with you.

I visitedmy daughter Allison at Capital Reef National Park where she is a park ranger. My health issues kept me from traveling last year. The park in southern Utah is quite unique. Human life there has been traced back to over 1,000 years ago. The terrain is similar to Mars. So, once a year, an international Mars rover contest and convention is held there. This year, I was able to participate in the park rangers’ Halloween party. Allisonmade me a costume, since I had none. The costume was a storage unit with a dead body inside, as shown here. Allison won first place with her fruited deer costume. Fruited deer eat somuch fruit from the 2,500 fruit trees in the park, that they get undernourished and mangy looking. As soon as she arrived, the park rangers knew exactly which deer she was portraying.

I wish a happy and safe holiday season to you and your family.

–Bill Moist

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