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Friendly Reminder:
Emotional Investing Is Bad For Your Financial Health
Throwing in the towel and selling on a horrible market day, when you just cannot stomach one more bit of bad news or jumping back in and buying when markets are up, can often be hazardous for long-term wealth accumulation. The average investor earned an annual return of only 2.6% for the period of 1994-2010, while the long-term holder of an effectively diversified portfolio (combining equity as well as alternative, non-correlated, reversely correlated asset classes) earned 7.92% annualized returns for the same period (JP Morgan). I believe this graphic representation of the facts listed above highlights the wisdom of holding a well-diversified portfolio long term, more clearly and succinctly than any long winded market perspective or historical analysis could. __________________________________________________ |
Why Do Investors Switch Financial Advisors?
Sometimes for very odd reasons...
A writer for the Dow Jones Newswire was looking to attract attention to the strange reasons clients have for switching advisors. Well, the story I regaled him with was apparently the strangest he had heard and he decided to print the entire tale. It is the story of a prospective client that approached me with statements and records indicating that his current advisor was doing a fine job handling his accounts and planning. After much prodding I finally got to the heart of the matter and was stunned by what the prospective client revealed. Meeting with potential clients is, obviously, something I have been doing regularly over many years, but this story took (and still takes) the cake!
For the full story read the Dow Jones interview here. You will really enjoy the ending, so read the whole piece! __________________________________________________
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Steve Jobs (1954-2011)
The Legacy Lives On
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Seriously?
Hallmark Launches Line Of Job Loss Cards
There is nothing like a greeting card with a generic, clich�d, pre-printed message to cheer up a distraught, newly unemployed friend or relative. In response to an apparent demand for just such cards, Hallmark has released 8 new "Loss of Job" cards! Check out the eight greeting cards for sale on Hallmark.com's "Loss of Job" section and let us know what you think of this new offering. Is this appropriate greeting card usage or an example of unfortunate corporate opportunism? ________________________________________________________ |
Client Corner
Kudos to the Leebow Family, owners of Betty Dain Creations, a leading supplier of products for the beauty industry.
Betty Dain was featured in a recent Miami Herald article which highlighted how the Leebow Family was able to take advantage of opportunities in the current challenging economy to expand their business.
They found a great lease deal on a vacant property and expanded from a 58,000 sq. foot space to a 125,000 sq. foot plant and will now be able to leverage their savings from leasing rather than buying... Well played.
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