PiggyBankWritingPersonal Money Planning's

e-Newsletter for July 24, 2010

(to look at past issues, click here)
Also In This Issue
Wisdom from Wooden
Upcoming Seminar
Sunday Columns
The Economist
Business Matters
Facebook Postings
parting thoughts: The Joy of "Paid in Full"
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 Wisdom from Wooden 
 
Don't give up on your dreams, or your dreams will give up on you.
 
Success is peace of mind, which is a direct result of self-satisfaction in knowing you made the effort to do your best to become the best that you are capable of becoming.
 
The worst thing about new books is that they keep us from reading the old ones. 

If you're not making mistakes, then you're not doing anything. I'm positive that a doer makes mistakes. 

Adversity is the state in which man mostly easily becomes acquainted with himself, being especially free of admirers then. 

Never mistake activity for achievement.

Disclosure

 

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.

 
 Gary Silverman, CFP
Building a Firm Foundation
 

According to marketing research, this spot and the one at the end of the newsletter are the two most valuable pieces of real estate. So I'm parking my flag here to try and convince you to come, and to bring your friends (enemies can stay home) to the free seminar announced next. This seminar is not about how to pick a stock or research a mutual fund. It basically skims the surface of how to divide out your monies and build an awesome portfolio. This isn't a seminar about how to do the specifics of investing.
 

This seminar builds the foundation.
 

In most courses of study, a firm foundation is first built. This is even true in many classes. For instance, in statistics or accounting, if you are clueless after the first three weeks, you have no chance in the rest of the class. For while that part of things may not hold your interest as easily, without that knowledge you cannot build up to any level of competence, let alone expertise.

Thursday's seminar builds that foundation for individuals who have investments. For those who want to do their own investing, it gives them the base on which to build their skills. For those who are using an advisor (pick me!)  this helps you figure out if they are investing your money properly. This is a course more of the 'whys' than the 'hows'.
 
So, if you want to do your own investing, already dabble in the market, or use an advisor to manage your investments, then I think you'll get enough out of the program to make it worth your while. Heck, I'll even give you a money-back guarantee. :)
 
Gary
 
Gary Silverman, CFP
Upcoming SeminarHope to See you Thursday!
 
 Investing Foundations:
How to Avoid Doing Really Stupid Stuff
  
 
Gary will be hosting this free seminar on July 29 from 5:30 to 7:30 pm 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 [email protected]. This will help us ensure we have enough of both.
gary's Sunday newspaper columnSunday Newspaper Articles You May Have Missed
From the Wichita Falls Times Record News
 
Fixing Poverty
What is the price of poverty? Here, Gary discusses the issue, and the role of poverty in fixing the economy.
http://personalmoneyplanning.com/ourviews.aspx?LinkId=100074&spid=86755 
 
Outsourcing Labor
Increased productivity has replaced workers, so how do we try and keep our standard of living high? Get stuff made cheaper elsewhere.
articles links fromThe Economist
 
Britain's Odd Couple Coalition
 Nobody in Great Britain quite knows what to make of the new governing coalition, which pairs the Conservative party with the Liberal Democrats--it's a little like asking the Tea Party and the liberal democrats here to share control of the White House.
 
European Entrepreneurs
America may no longer have the venture capital world all to itself; while the entrepreneurial culture blooms in Europe, it is still fragile and requires a lot of different pieces to fall in line before it functions effectively.
Business MattersBusiness Information From Business.gov
 
Be aware of small business scams when you register your business. Here are the common steps you must take, and some of the fraud alerts to watch out for.  

from gary's facebook pages
Facebook Stuff You May Have Missed: from Personal Money Planning
 and Gary Silverman
 
Facebook
Please Note Changes for July 
 
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: Find us on Facebook 
 
You may have already "friended" Gary on his personal Facebook page, if not, Friend Away by Clicking Here: Find us on Facebook
 
Here are a few links from recent posts:
 
 
Have you thought about what it will take to have the retirement you want?
Not many do, according to this article by Pamela Yip of the Dallas Morning News. Gary is quoted in this story. 
 
Are you considering a Roth IRA conversion?
This couple was, and Gary had a few items for them to consider in his guest blog for DallasNews.com.
 
 Accused NYC spy's day job? Financial Planner
 Gary never thought about becoming a spy, but apparently it can make a good sideline for a Certified Financial Planner. Maybe if business slows down he can look into it. 
 
Links from Gary:
 
Finally we know which came first!
Scientists have found the answer to the chicken or the egg debate. Now, maybe they can discover why the chicken crossed the road. 
 
Not quite "Beam me up, Scotty" but still very cool.
Gary isn't sure if it's the James Bond or the Jetsons influence, but, either way, he's been waiting a long time for the flying car.
 
parting thoughts 
 

The Joy of "Paid in Full": Lessons from a Young Boy
 
Follow the link to the newsletter from Dave Ramsey's Financial Peace University. While you can probably get something out of the whole thing, I want you to scroll down to the story entitled: Lesson from an 11-Year-Old. This youngster saved two years to be able to buy his own MacBook Pro. I know of very few adults who would wait so long for something they yearn for...instead the credit card would come out. We can all learn a bit from this lad.
 
 
That's all, for now.
 
Gary Silverman caricature
 
 
 
Gary
 
 
Gary Silverman, CFP
Personal Money Planning
 
 
 

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