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 Personal Money Planning'se-Newsletter for September 5, 2009 (to look at past issues, click here) |
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Unanswered Questions
Part 3 (the end) |
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If Jimmy cracks corn and no one cares, why is there a stupid song about him?
Can a hearse carrying a corpse drive in the car pool lane?
The professor on Gilligan's Island could make a radio out of a coconut, but he couldn't fix a hole in the boat?
If Wile E. Coyote had enough money to buy all that ACME crap, why didn't he just buy dinner?
If electricity comes from electrons, does morality come from morons?
(From an anonymous Internet source.) |
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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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33 years and wouldn't have it any other way
Last weekend Joanne and I celebrated our 33rd wedding anniversary. It's amazing what can happen when two people are too stubborn to quit... I mean are so blissfully in love.
Ask any honest married couple and they'll tell you there are a lot of ups and downs in a relationship. That's the problem with joining two humans together. They are imperfect and thus the combined unit is imperfect as well.
That said, I have been wonderfully blessed to be imperfect with Joanne. And 33 years into this, I wouldn't have it any other way. Gary
Gary Silverman, CFP |
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Ogilvy On Business |
"Be happy while you're living, for you are a long time dead."
David Ogilvy was the king of advertising (think Ford, IBM, American Express, Rolls Royce, Proctor & Gamble, etc.). While he died 10 years ago, his insights are still respected by a new generation.
Patricia Sellers asked him back in 1991 about his advice for building and running a business. The result are seven ageless pieces of business advice.
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Dealing With Investment Risk |
"Risk taking is invigorating to those who plunge down white water rapids, soar through the skies strapped to a hang glider, or descend into the abyss while spelunking. For most, those feats bring not exhilaration, but fear."
Two newsletters ago, I gave you the links to the first two parts of a four part series on investment risk. Since then, I've combined all four pieces together. Through the link below you'll learn about investment risk, how to manage it, and how your risk tolerance should influence the construction of your investment portfolio.
(This article originally ran in a four-part format during August in the Wichita Falls Times Record News.) |
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How Do They Survive |
"Her property taxes are $35,000 a year, the nanny is $40,000 and the gardener is $500 a month."
Ever wonder how this Great Recession affects "the other half"? Follow this Washington Post article about a family barely making it on $300,000 a year.
You may get a little commercial first (gotta pay the writer somehow), but you can click the window shut. |
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Maximizing Social Security Benefits |
'Claim & Suspend' and 'Claim Now, Claim More Later', are two strategies for getting more out of your Social Security benefits. Though it applies to just a handful of situations, it's worth skimming the information to see if it might apply to you... (you'd be at or past your full retirement age).
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I Am NOT Paying For This |
"We suggest you exercise caution in any dealings with this adviser."
Imagine being told that unless you ponied up some money a rating agency would report you as not providing "Full Disclosure and Transparency" and that the consumer should beware of using you. This is the arm-twisting tactic of a new web site ...that purports to help consumers find an honest financial advisor. While I have not fell victim of their mob-like actions, I have heard directly from advisors who have. So, before you think about using their services, here's an article that looks into what's really going on behind the scenes: http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090816/REG/908149969/1009/TOC Use them if you want, but if they call me, I'll be one of those non-transparent advisors.
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360 Degrees of Financial Literacy |
"Everyone can use a helping hand"
Here's a little site I found that offers information to help consumers make sound financial decisions at every stage of their lives, from childhood to retirement. It's sponsored by Run by the American Institute of Certified Public Accountants (AICPA). Their web site, http://www.360financialliteracy.org/ segregates their articles across the different stages of life. And while they are competing with me, I do think their site is one you'll want to visit sometime. |
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Saturday Night Live |
"Don't Buy Stuff You CANNOT Afford"
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parting thoughts
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A friend of mine, Jennifer Thomas, runs the web site EverydayExperiences.com. It's about creating a better life for ourselves one day at a time. It's about learning and growing from our experiences and situations. It's about realizing there are a lot of other people out there going through the same things everyday. It's about inspiring each other to be better people today than we were yesterday. It's about having fun and enjoying what we have. It's about getting the best for and from ourselves. It's about recognizing and reaching our greatest potential in all areas of our lives. And now, part of it is about me.
If you go to the "Past Shows" area ( http://www.everydayexperiences.com/pastshows.php) you'll find a recording from August 17 where I discuss the financial advisory business and realities of investing other people's money. [Warning: 30 minutes of Gary may be more than the average human can stand.] Currently you can also hear my series on The Four Sins of Investing. Whether it is on the home page or the archived section just depends on when you mosey on over to hear it.
So there you have it. Now you don't have to just read me, you can hear me as well.
That's all for now.
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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