Austin Frye Featured In New Ch. 10 Interview
"Rethinking Retirement" | |
|
| LPL Financial Research | 
 |
| Honors | |
Austin Frye named as one of the top
150 Financial Advisors
in the Nation
Click magazine for
award details
|
|
Sign up for Money Wise
| |
|
|
|
Somethin' To Talk About
Miami Ranks #1 On A New List |
 Over the last couple of years, South Florida received an enormous amount of bad press regarding our overinflated, overleveraged local real estate markets. Our cities appeared on every list of the areas hardest hit by the housing bust.
But now, according to Realtor.com, of the top 10 turnaround towns, eight are in the Sunshine State and Miami is ranked NUMBER 1!!
According to the site, sales volume of existing single-family homes in Miami jumped 51% in the third quarter of 2011, with homes spending about 30% less time on the market.
What's helping our region lead the pack? It is largely due to international investors. Last May, international clients bought 60% of existing houses and condos and 90% of the newly-built homes in Miami.
Read more
___________________________________________________________
|
|
It's Not Always Good To Trust Your Instincts!
o
According to a recent article in the New York Times, "People's intuition is often wrong when it comes to investing. We often buy when we should be selling, or focus on red herrings."
Unfortunately, as we have experienced firsthand, investors have an extremely difficult time unlearning this behavior and adhering to a more scientific, analytical approach. To underscore how serious of an impact instinctive or emotional investing can have on a portfolio, one need look no further than a simple 2011 S&P 500 market statistic. Investors who let fear and instinct drive them to sell following steep drops (the worst time to sell) and then missed the 3 best percentage gain days, experienced 10.7% losses .*
According to Noble Prize winner (in Economic Science, 2002) psychologist, Professor Daniel Kahneman, "Investors don't always act in their own best interests and are consistently led astray by emotional motives and cognitive errors." He continues on in the attached article to point out ways to counteract the "biases" and "faulty thinking" behind these potentially costly errors.
*BTN Research
__________________________________________________
|
|
Bizarre Asset Protection Move
Polo Club Founder Adopts Girlfriend As Daughter Amid Civil Suit Over DUI
 In an attempt to retain control over the only assets that could not be considered in a wrongful death suit against him, John Goodman adopted his girlfriend and made her the 3rd beneficiary of a trust he had set up for his two biological children.
In March, a probate court will determine if the adoption is a "sham" or if this extremely questionable strategy is a technically allowable diversion of assets.
One wonders how this wealthy individual, thought to be worth hundreds of millions of dollars had neglected to effectively protect his assets prior to a law suit being filed against him.
The time to properly and safely convey and transfer assets is before the need to do so arises. With a solid plan in place, desperate and outrageous actions, such as the one taken in this case, are not necessary.
Read more about this bizarre story.
__________________________________________________
|
|
Now Blooming At Frye Financial
Brilliant Bougainvillea
__________________________________________________
|
|
Client Corner
Bragging Rights...
Our Client's Son "Shines" At Sundance
We are so proud to congratulate clients Brenda & Albert Ascher on their son Rodney Ascher's Sundance Film Festival featured documentary film. "Room 237," the director's first full length film, delves into some of the theories regarding the actual meaning and symbolism of Stanley Kubrick's cult classic movie, "The Shining."
Mr. Ascher, who teaches film editing at the New York Film Academy, initially hoped to produce a series of YouTube shorts on the subject. Instead, the project kept growing and he ended up with a 2 hour long feature film.
We tip our hat to Brenda & Albert Ascher and their son, Film Director, Rodney Ascher!
__________________________________________________
|
|
|
