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Money 101 
MAY 19, 2012
Howdy! 

Summertime is just around the corner. Remember that sunscreen! But before school is out for the kiddos, allow yourself to learn a few new things yourself. In this newsletter, you'll find out a little about Zimbabwe, Target-Date Funds, and the state of the economy. Enjoy!

--Gary
 
Gary's SoapboxGary Silverman, CFP

One Hundred Trillion Thoughts About Inflation

 

We have a new addition at the office...or we will once the framing is done. It's a $100,000,000,000,000 bill. If you can't count all the zeros, that's $100 trillion.

 

Before you don a mask and head to my office tonight, please note that this is a $100 trillion Zimbabwe dollar bill. If United Market Street accepted it, I might get a pack or two of gum in exchange.

 

The $100 trillion dollar bill is the largest denomination in the history of money. They needed to issue it because the previous $100 billion Zimbabwe note was worth only about three eggs in the middle of 2008. When issued in 2009, the $100 trillion note was worth about $300 in U.S. dollars. But with the Zimbabwe inflation rate running sometimes in the millions of percent, it quickly lost even this value. Today you can get them on E-bay for about $5 U.S.

  

 

Gary Silverman, CFP� 

Gary's Latest Articles
Times Record News  

Target-Date Funds
Gary finished up his series on Target-Date Funds a few weeks ago. If you started out being confused about how they work, you are not alone. As with any other funds, it's important to know your investment goals. Read more...

Remember Mom
Mother's Day has come and gone, but there are still gifts you can give that will benefit her for years to come. Read more....

 

Money 101: Dissecting Capital Markets

 Eaton Vance Monthly Market Monitor

 

Last month, the economic data showed signs of a stalling recovery: The economic growth was down to an annualized rate of 2.2% after a 3% growth in the 3rd quarter of 2011; April showed the lowest number of jobs added since October 2011; and while corporate earnings reports revealed growth of nearly 8% year-over-year, the worsening eurozone issues overshadow any celebration. 

 

Take a look at the May Market Monitor for more information on markets and the economy.

 

 

It's an election year. So that means we need some reasons to laugh. Here's a few:

Politicians are the same all over. They promise to build a bridge even where there is no river.  -- Nikita Khrushchev

Those who are too smart to engage in politics are punished by being governed by those who are dumber. --Plato

Sincerely,

 


Gary Silverman
Personal Money Planning
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