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 Personal Money Planning'se-Newsletter for July 9, 2010 (to look at past issues, click here) |
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Success comes from knowing that you did your best to become the best that you are capable of becoming.
Be prepared and be honest.
Talent is God given. Be humble. Fame is man-given. Be grateful. Conceit is self-given. Be careful.
There are many things that are essential to arriving at true peace of mind, and one of the most important is faith, which cannot be acquired without prayer.
You can't live a perfect day without doing something for someone who will never be able to repay you.
Learn as if you were to live forever; live as if you were to die tomorrow.
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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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We've begun running many of Coach John Wooden's observations on life on the side column of this newsletter. I had the opportunity to meet Coach Wooden about five or so years ago at a financial workshop where he gave one of his talks about the right way to behave in business. I was not following college basketball back in his heyday, so while I knew the name, I really didn't know the man or his accomplishments.
With his recent death, I began revisiting his Pyramid of Success. I'm glad I did. On the way back from a recent trip, the plane broke and I was stuck in an airport for 14 hours waiting for a midnight plane back to Texas. How could they do this to me? But then I heard Coach's voice telling me to have patience, exhibit some self-control, and see the blessing that is there for me if I would only open my eyes.
I did, and ended up having one of my most productive days of the trip.
Gary
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| Upcoming Seminar | Mark Your Calendars--July 29 |
Investing Foundations:
How to Avoid Doing Really Stupid Stuff
Gary will be hosting this free seminar on July 29 from 5:30 to 7:30pm at the Courtyard by Marriott, 3800 Tarry St. Wichita Falls, TX (off Lawrence, across from Wal-Mart).
When the market is riding a roller-coaster, your emotions may be going through some 'loop-the-loops' of their own. Don't let those scary times compel you to make investment decisions you'll regret.
Investing Foundations will cover the basics of investing by outlining base strategies and philosophies to prepare you for the inevitable market swings.
This seminar, Investing Foundations, is the second in a series of seminars that look at different aspects of investing, insurance, retirement planning and estates.
We will be serving light refreshments and will have handouts, so please RSVP to 940-692-6885 or Gary@personalmoneyplanning.com. This will help us ensure we have enough of both.
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| gary's Sunday newspaper column | Sunday Newspaper Articles You May Have Missed |
From the Wichita Falls Times Record News
Redeploying People
Next, Gary looks at the impact creating efficiencies has on the movement of people in the workforce.
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| gary's other newspaper column | Biz-to-Biz Article You May Have Missed |
From the Wichita FallsTimes Record News Biz-to-Biz
The Dragon is Alive
China's growth has potential to influence the worldwide economy.
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| articles links from | The Economist |
China's Labor Force
How is an older workforce, increased capitalism, and an increased subsistence wage likely to change how China does business? This article discusses the possiblity of China running out of cheap labor.
The Repercussions of Longer-Lasting Unemployment Benefits
This article looks at the benefits and drawbacks of increasing the time Americans can spend on collecting unemployment.
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| Business Matters | Business Information From Business.gov |
If you are planning on doing some market research to start or expand your business, here are some free government sources to get you moving in the right direction.
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| from gary's facebook page |
Stuff you may have missed on Facebook |
Please Note Changes for July
You may have already "friended" Gary on his personal Facebook page, if not, Friend Away by
Clicking Here: 
Starting July 1: For information about Personal Money Planning, continued sharing of links about money, small business, finance, and the economy, be sure to link to the Personal Money Planning Page by
Clicking Here: 
Here are a few links from Gary's recent posts:
What's the difference between RIAs and Big Brokers?
In this 5-minute video, TD Ameritrade's Tom Bradley discusses the fiduciary standard and business model that independent Registered Investment Advisors (or RIAs, like Gary) work under. (TD Ameritrade is where Personal Money Planning custody client assets.) http://www.cnbc.com/id/15840232?video=1524829988&play=1
Mid-Year Tax Thoughts
Many people are mystified and stupified when it comes to income tax withholding. This Kiplinger article discusses how to optimize your withholding.
Are you too dumb to realize how dumb you are?
A would-be bank robber's attempt to use an "invisibility cloak" inspired interesting research on incompetence.
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parting thoughts
Hello, my name is...
Recently we held an extraordinarily unscientific and extremely biased survey of friends and employees to try to "label Gary". The choices were Whiz, Brainiac, Success, Sage, or Rebel. All of the definitions were flattering, so I really didn't care what they came up with.
The result was pretty much unanimous: The Sage. The definition of The Sage is "who offers wise answers and effective advice that takes into account a balanced range of perspectives."
Well, I try, but I'm not yet to the point of insisting people call me "The Sage," Your Sageness," or "Oh, Sagest One!" After all, I already ordered my new business cards and can't get the title on them until next year.
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That's all, for now.
Gary
Gary Silverman, CFP
Personal Money Planning
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©2010 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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