October 2011

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In This Issue
Emotional Investing
Why Investors Switch
Steve Jobs
Hallmark Cards
Client Corner
 
Austin Frye Featured On Channel 10 News

 

WPLG  

 
 
LPL Financial Research

 
   

 

  

 

 
 
Honors

 

Austin Frye named as one of the top

150 Financial Advisors
in the Nation


 

Click magazine for
award details

 

 
 
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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.
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Why Do Investors Switch Financial Advisors?
Sometimes for very odd reasons...  

Good client
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
 

Apple Twins
_________________________________________________________
Seriously?
Hallmark Launches Line Of Job Loss Cards

Greeting Card

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?
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Client Corner

 

 BD

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.  
Frye Financial Center                                                                  (305) 931-3200 office

20900 West Dixie Highway                                                         (305) 931-9383 fax

Aventura, FL 33180                                                                       Visit us on the web                                                        

Securities offered through LPL Financial, member FINRA/SIPC

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing.  All performance referenced is historical and is no guarantee of future results.  All indices are unmanaged and cannot be invested into directly.