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Michael Brady, President
Generosity Wealth Management
1818 16th Street
Boulder, CO 80302
P 303.747.6455
F 858.947.3807
www.generositywealth.com
Registered Representative of
and securities offered through QA3 Financial, Corp. Member FINRA/SIPC
Investment
Advisor Representative of and Advisory Services offered through Generosity
Wealth Management, LLC., a Colorado Registered Investment Advisory firm
Generosity
Wealth Management, LLC and QA3 Financial Corp or QA3 Financial, LLC are not affiliated companies
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Greetings!
This week is the 3rd Quarter 2010 review and 4th Quarter preview.
If you go back and rewatch my July video (July Video) I stated I thought the 3rd quarter would be up and it definitely was.
Dow Jones + 10.27% for the 3rd Quarter and S&P + 10.72%. Of course, these are unmanaged indexes.
The markets were way down at the end of the last quarter, so this brings the indexes positive for the year +3.5% for the Dow and +2.3% for the S&P 500.
4th quarter? I think things will continue to be up, but the important thing is to ensure you have the right allocation to equities in case I'm wrong. I think the year will end positive for the equity markets.
Listen to my 4th quarter preview video for more analysis and 4th quarter action items.
Click on the link to hear me talk
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Quantitative Easing
The title of the article below is
"More Proof That Our Leaders are Clueless...".
I'm sure I'm quite that pessimistic, but I've been persuaded by the side of the argument that the additional cash reserves that will probably be released into our system will simply be held by the banks and not accomplish what it's intended.
I'm pretty unimpressed with the Fed.
Click on this link.
What's Worse: Losing Money or Not Making Enough?
 It's the old adage -- Greed and Fear.
Is the pain of losing money greater than the joy of making money?
The problem is that most people NEED to take some risk to realize their retirement goals because the rate of return needed is greater than the risk free return.
With inflation, there's opportunity cost as well.
One of the things I do for clients is work with them to balance these competing desires of growth and principal protection. Call me if you'd like to discuss this in your situation.
Click on the link for a discussion of which is worse--Losing Money or Not Making Enough.
Bracing for a rocky October Consistent with my video above (which I k now you've all clicked on and listened to) I'm thinking October will be rocky with earning season and the election looming.
Here's an article summing up my thoughts. Click on the link.
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Wireless Voice Calls Are Obsolete
I think Scott Adams (creator of the Dilbert comic strip) is hilarious. He has this blog where he just writes about whatever he's thinking about or is going on in his life.
He's had some of the best insights.
Anyway, he totally goes on a rant about wireless phone calls and how it's impossible to have a conversation anymore on them because you're on a cell phone, the other person is on a cell phone, and the reception on one of those 2 is probably horrible.
So funny.
Just in case you're wondering what your financial adviser finds so frustrating that if he didn't laugh about it, he'd be on a ledge.
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I'm here to help!....
I'd love to talk more with you about the above topics or anyway I can help you grow and preserve your money while providing for yourself, your family, and community.
Mike
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