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 Personal Money Planning'se-Newsletter for April 4, 2009 (to look at past issues, click here) |
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Weird Market |
In an e-mail the other day, I read the following observation:
The market is weird. Every time one guy sells, another one buys, and they both think they're smart.
That's something to always remember. If you think you've found the hidden gem in all the stock market, ask yourself, "Why do I know more than anyone else out there?"
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Disclosure |
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This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.
Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.
This publication should not be construed by any consumer and/or prospective client as Personal Money Planning's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Nor should links provided to other sites be construed as the recommendation of the services or products mentioned on those sites. If such services are required, the help of a competent professional should be sought.
Remember that past performance may not be indicative of future results. Therefore, you should not assume that the future performance of any specific investment, investment strategy, or product made reference to (directly or indirectly) on this Website will be profitable or equal to indicated performance levels. Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for your investment portfolio.
Historical performance results for investment indexes and categories generally do not reflect the deduction of transaction or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results.
A copy of Personal Money Planning's current written disclosure statement discussing Personal Money Planning's business operations, services, and fees (known as an ADV Part II) is available from Personal Money Planning upon written request (and can be downloaded from our web site).
Personal Money Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Personal Money Planning's web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
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Late-Breaking Announcements
E-mail
This last week, our e-mail service provider went down for half a day. If you sent us an e-mail and it bounced back to you, or if you were expecting a response and didn't get one, or if you just want to be really sure that I read what you sent, please resend your e-mail to me.
The big down time was Monday, but there may have been intermittent periods across the rest of the week.
Newsletter Archive Links
Last month we changed over our web site. It was nothing that you'd notice, but some technical stuff that I don't understand got tweaked in order for the search engines to see our articles better.
Unfortunately, a consequence is that the page references also changed. This means that if you go back and look at an archived newsletter, some of the links won't work. The articles are still available, but you'll have to go to the web site itself to see them.
Estate and Investing Seminar
As pre-announced last week, I am co-hosting a seminar on Estate Planning and Investing. Clients and their friends can get in free, the rest of you need to pony up $10. I think it's well worth the price, but I am a little biased in that opinion. Proceeds will go to benefit Inheritance Adoptions.
Details follow later in this newsletter.
Gary
Gary Silverman, CFP |
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Retirement: Part Four |
This is the last of the retirement section on our running commentary on financial planning. Today we look at retirement lifestyle, and specifically living arrangements.
(This article was previously published in the Wichita Falls Times Record News.)
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Estate Planning and Investing Seminar |
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Attorney C. Dan Campbell and Gary Silverman, CFP® (me) are co-hosting a seminar covering Estate Planning and Investment Management Advice. The seminar is being run twice:
Tuesday, April 21, 6:00-8:30 p.m., or
Thursday, April 23, 3:00-5:30 p.m.
Both will be at the Hawthorne Suites, 1917 Elmwood, in Wichita Falls, Texas. For those of you who find evenings more convenient, sign up for Tuesday night. If the afternoon is better, choose Thursday.
Dan will be covering Fundamentals of Estate Planning - What everyone needs to know. Gary will be covering The Four Sins in Investing-How to keep from making the most common mistakes in your portfolio.
Fundamentals of Estate Planning
· Using the Will or Revocable "Living" Trust to achieve your goals for protecting your loved ones when you die.
· The "business" durable power of attorney and why it may be the most important document you will ever sign.
· The "medical" durable power of attorney-its importance (and why he recommends against the "directive to physicians").
· What is a "HIPAA Release"? (And why you need it)
The Four Sins in Investing
You'll learn the sin, the risk it presents, and how to avoid it, including...
· How to keep from selling when the market is low.
· How to keep a bear market from affecting your lifestyle.
· How to keep your money from running out before you do.
· How to keep your portfolio from going to zero.
And a bonus sin (and protection) that I'll reveal at the seminar.
The cost of the seminar is $10 and spouses can attend free of charge. Proceeds go to Inheritance Adoptions, which provides a great service to our community.
RSVP to 692-6885 to register for this seminar
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parting thoughts
Cell Phone Blues |
I'm listening into cell phone conversations in some interesting places.
Once, I was in a rather deserted movie theatre. There was only a couple people watching the movie, when one guy's cell phone rang. After talking for a minute (and getting louder all the time) he finally exclaimed in annoyance that the movie was too loud to carry on his conversation.
Next, I was as a state-wide seminar when a lady's cell phone rang. She answers it and begins talking. Albeit she had her voice lowered, the conversation was clearly understood by half the room. While it was work-related, it didn't sound like an emergency. Plus, she was standing right next to the door, but couldn't be bothered going outside.
Another time I was at a restaurant when a woman answered her cell phone (at least she had it on vibrate). After a while she called out to the other diners, "please, I'm on the phone!" Apparently we were making too much noise for her to hear.
And lately, I'm running into quite a few bathroom conversations. These are typically business conversations that are held while the guy is using the facilities. The splashing and flushing sounds apparently don't bother them or the person on the other end of the line.
How did we ever get through life without having to chat continuously?
If you've got some other interesting stories about cell phone etiquette going amok, please send them to me. I'm thinking of writing up a little piece for the newspaper and could use some funny or bizarre examples to add to my own.
That's all for this week.
Gary
Gary Silverman, CFP
Personal Money Planning
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©2008 Personal Money Planning. All rights are reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information this newsletter for general education by the original recipient. |
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