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 Personal Money Planning'se-Newsletter for October 17, 2009 (to look at past issues, click here) |
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Universal Laws
(humor) |
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The Law of the Theater - At any event, the people whose seats are farthest from the aisle arrive last.
The Starbucks Law - As soon as you sit down to a cup of hot coffee, your boss will ask you to do something, which will last until the coffee is cold.
Murphy's Law of Lockers - If only two people are in a locker room, they will have adjacent lockers.
The Law of Logical Argument - Anything is possible if you don't know what you are talking about.
Brown's Law of Physical Appearance - If the clothes fit, they're ugly.
Doctor's Law - If you don't feel well and make an appointment to go to the doctor, by the time you get there you'll feel better. If you don't make an appointment you'll stay sick.
(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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FINANCIAL PLANNING DAY
A Success?
As our readers know, we celebrated Financial Planning Week two Mondays ago with a day of free advice. After announcements in the newspaper, on television, in this newsletter and on Facebook a total of nine people came...and two of them were reporters covering the story.
Don't worry, it wasn't like there was any spare time. In fact I worked through one of the breaks due to all the questions (and because I talk too much). Plus I got featured in the paper who made me look and sound pretty good. So for me and those folks who came, it was a resounding success.
Yet, with the markets still well off their highs, unemployment high and going higher, and the economic malaise that has gripped the world, you'd think more than seven hundredths of one percent of our population might want to get some help.
Gary
Gary Silverman, CFP |
| Gary in the paper |
The Best Things In Life... |
This financial guru offers free advice
Gary was featured in his local paper, the Times Record News. This story is about the free advice day that Gary had in celebration of Financial Planning week.
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| Gary on YouTube |
Gary's Update on the Financial Crisis |
An interview on the Mission Gospel Train
Here I am doing a guest spot on the Mission Gospel Train. Thank you to the producer, Sametta Brown for inviting me and Pastor E.J. Tyson for being such a gracious host.
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| Gary's newspaper column |
Getting Rid of Debt |
From the September 27 Times Record News
A whole lot of people in this country have a whole lot of debt. Given that, it is likely that many of my readers fall into this category. The other day a client asked me what the best way to pay down credit card debt. The answer is that there is more than one answer. Find out which answer will work best for you: http://www.personalmoneyplanning.com/ourviews.aspx?LinkId=91919&spid=93426 |
| Gary's newspaper column |
Honorary Embellishments |
From the September 20 Times Record News
Earlier this year I received the award, "Best of Wichita Falls 2009" in the Security Brokers & Dealers category. It was issued by the US Commerce Association in recognition of my achievement. Wouldn't it be wonderful to see a gleaming plaque hanging on my wall extolling my achievement? Even better, I could announce this prestigious award to my clients, prospects and the community as a whole.
The problem is, I did nothing to earn this award.
Learn about the problem of faux embellishments and how to protect yourself from an artificially inflated professional bio: http://www.personalmoneyplanning.com/ourviews.aspx?LinkId=91918&spid=86755 |
| Gary's newspaper column |
Listening to the Blues |
From the September Biz-to-Biz Times Record News supplement
In case you haven't noticed, the country still feels like it's in a recession. Costs for some reason don't seem to decrease, but your revenues have no problem following a downward spiral. Customers are operating from a lighter wallet, if you see them at all. I'm envisioning you sitting at the bar, staring at your drink, a blues singer's melancholy voice drifting past. Snap out of it. Things are different now and may remain that way for a long time. It's time to get back to your job, keeping the company running. Sober up and let's get going: http://www.personalmoneyplanning.com/ourviews.aspx?LinkId=89049&spid=86755 |
| from Gary's facebook page |
Heeeeer's Jesus! |
How would you introduce the One who needs no introduction?
This is Steve Harvey, a comedian, addressing a Secular audience. The subject is: "How Would You Introduce Christ to a Room Full of People?" It's hard to imagine that this is a comedian and not a preacher, and this is an audience and not a Congregation.
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| from Gary's facebook page |
Harvard's Endowment Mess |
How the wise can act so stupid
This is one of my favorite sites that deals with mutual funds and investing. It is not a professional site, just a couple of guys who wisely (read: cynically) look at the investment world each month. The first article this month deals with mistakes that Harvard made with their $37 billion (now $26 billion) endowment.
For compliance purposes: no, I don't endorse everything on the site. |
| from Gary's facebook page |
Get A Will |
A story of unhappy endings
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| from Gary's facebook page |
Taxing Matters |
How do you determine what is fair when it comes to taxes?
Close to half of Americans pay no income tax. Even taking into consideration other taxes, close to a quarter pay no net taxes. Is this fair? It depends who you ask. This article will at least give you an idea of what's going on.
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| from Gary's facebook page |
Why Don't Lenders Renegotiate More Home Mortgages? |
A study by the Atlanta
Wonder why lenders don't renegotiate more home mortgages? Many find that after renegotiation the borrower goes default again. Others find that the odds are in their favor in recovering more money by not renegotiating. This is a Federal Reserve Bank of Atlanta paper examining the subject. It is NOT a casual read and seems like one of those boring journal articles you had to research in college. Nevertheless, if you want a scholarly look at this issue, this is a good source.
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| from Gary's facebook page |
Russian President Dmitry Medvedev |
An exclusive interview by Fareed Zakaria
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parting thoughts
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...and I want to go to bed. So stop reading this and go do something important. I suggest playing with your spouse, kids, or pet. Oh, and it you are all excited that the stock market has gone way up, then calm down a bit and remember that it doesn't go up forever.
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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