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 Personal Money Planning'se-Newsletter for January 29, 2011
(to look at past issues, click here) |
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Money will buy you a fine dog, but only love can make it wag its tail. --Richard Friedman |
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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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 Just a Moment
One never knows what little moment in life will shape us, and the world.
Harry Markowitz was sitting outside the office of his advisor, Professor Jacob Marschak. Harry was a doctoral student and it was time for him to pick a dissertation topic. It happened that another person was also waiting for Dr. Marschak, a stock broker. In the ensuing conversation, the broker suggested that Harry do a dissertation on the stock market.
From that conversation, moments before meeting with his advisor, the history of investing changed. For Harry Markowitz, as a grad student at the University of Chicago, wrote that dissertation on the stock market. A part of that dissertation made it into the Journal of Finance. Titled "Portfolio Selection," that 1952 article introduced what is now known as Modern Portfolio Theory.
Not all that modern now, the theory still forms the basis of investing for many financial folks, including myself. Gary Silverman, CFP
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| Seminar Announcement |
Free Upcoming Seminar
"Getting Your Financial House Organized"
Thursday, February 10, 2011
5:30 p.m. to 7:30 p.m.
Courtyard by Marriott Wichita Falls
3800 Tarry St. Wichita Falls, TX
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Where does all the money go?
This seminar takes a good look at this question and examines how the choices we make each day determine whether we are controlling our money, or if it's controlling us. Some of us need to realize we can't go on forever spending more than we make. But even those who balance their budget might end up having to drastically reduce their lifestyle well below their comfort zone later in life because of what they are doing now. This seminar is for everyone--from the college student just starting out to the retiree. We hope to see you there! We will be serving light refreshments and will have handouts, so please RSVP to 940-692-6885 or email gary@personalmoneyplanning.com. This will help us ensure we have enough of both. |
| gary's Sunday newspaper column | Sunday Newspaper Articles You May Have Missed |
From the Wichita Falls Times Record News
"But wait, there's more!"
The Best Returns
There's no quick fix, but there are ways to create a more comfortable life. And it's not all about money.
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| Business Matters |
Workplace Happiness
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Military Beats Out Mickey and Friends |
from gary's facebook pages |
Facebook Stuff You May Have Missed: from Personal Money Planning and Gary Silverman |
The American Opportunity Credit and the Lifetime Learning Credit can help offest higher education costs. Here's the scoop, straight from the IRS.
Kids Are a Rather Large Expense
Skinny teenage boys have been known to eat a full meal after school with their friends, go home and snack for an hour, eat all of their dinner and two desserts, go out and have another meal with their friends, come home and eat all the leftovers, then go to bed hungry.
However, there is one place where kids are good for your finances: Taxes. Here's some info from the IRS on what's out there for you parental units.
Gary MIA from FB
Gary has been somewhat quiet on the social networking front the past few weeks. Is it work, or is it... http://www.eveonline.com/ |
| parting thoughts
The Big Portfolio Theory
In case you are wondering about the Modern Portfolio Theory mentioned at thetop of this newsletter, it contends that an investor can maximize a portfolio's return without raising its risk by mixing different investment types in proper proportions to each other. Or, a person can obtain the same return but lower the risk taken using the same method.
That is why my clients see me using a wide (and sometimes bewildering) mix of investments inside their portfolio. I care not just about the expected risk and return of each investment individually, but more so, I care about how the investments interact with each other.
If you want to know more, call the office and schedule yourself an appointment. I'd be happy to go into more detail about how the theory is used in practice.
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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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