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 Personal Money Planning'se-Newsletter for June 6, 2009 (to look at past issues, click here) |
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Observations |
Here's the last of them:
16. The trouble with bucket seats is that not everybody has the same size bucket.
17. Do you realize that in about 40 years, we'll have thousands of old ladies running around with tattoos? (And rap music will be the Golden Oldies!)
18. Money can't buy happiness -- but somehow it's more comfortable to cry in a Corvette than in a Yugo.
19. After 50, if you don't wake up aching in every joint, you are probably dead!!
20. Always be yourself because the people that matter don't mind, and the ones who mind, don't matter.
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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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Planning Your Business,
Planning Your Life
It's been a busy week for me. The College Women's World Series, French Open, and the Stanley Cup Finals were all competing for my attention. (Dear clients, I also watched the market.)
This spring and summer I've also been and will be busy working on my business plan. It's something I've put off doing since the first one, about 16 years ago. (By the way, Paul, it apparently worked.)
It's not that I haven't been planning all along, but my business and the rest of my life are intertwined. So not only am I doing a plan for the business, I'm doing a plan for me. The business just complicates things.
Other complications are my faith & spirituality, marriage & family, regulations & economy, employees & friends, clients & prospects, and a whole lot more. All has to work in harmony so that each part makes the others sound sweeter.
And yes, I know I'm going to screw it up. The point in planning though, is to mess up less than you would if you hadn't planned. It forces me to consider whether the efforts I make guide me toward the direction I need to go. It also makes me very aware that the direction will likely change the moment I 'finalize' the plan.
I tell you this so that you may think about restarting that planning you've been putting off. Whether it be aimed at your retirement, a vacation, your business, or a hobby, the time you dedicate to it will be well spent.
Gary
Gary Silverman, CFP |
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Insurance Is A Waste |
Insurance is an absolute and complete utter waste of money.
Unless something bad happens.
While I do not sell insurance, I am a big proponent of it.
Insurance is a form of risk management. It is used to prevent life events from causing a financial catastrophe.
(This article was originally printed in the Wichita Falls Times Record News.)
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House or Stocks? |
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Over the weekend, a friend of mine sighed in resignation: "Given that my stock portfolio is down 40% and the real estate market in my area is down 'only' 20%, we would have been better off buying a house last year."
This begins an article by Hanna Tikkanen Merk, that goes a long way to explain leverage and the housing market. To get her take on things, click through to the article here. |
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parting thoughts
Retirement Thoughts
or lack thereof |
According to the Employee Benefit Research Institute, in the last year one out of every four American workers (25%) has decided to delay the age they will retire. Yet less than half of American workers (44%) have attempted to calculate the amount of assets they will need to accumulate in order to retire.
Hmmm...seems like a lot of folks know they haven't saved enough, but they don't know what enough is.
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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