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Money 101:
Personal Money Planning's Newsletter
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Howdy!
It's time for the Summer Olympics! Granted, it's not curling, but I'm still pretty excited. As much as possible, I plan to watch the skilled athletes performing feats of amazing strength, perseverance and sheer will from the comfort of my couch, where I need only lift the remote control. Go U.S.A.! Unfortunately, another recent event has been on our minds this past week: the theatre shootings in Colorado. I have no words of encouragement other than to recognize that this is news because it is so completely out of the ordinary. As much as we may complain about how we treat each other, the fact is, we are all rather civil to one another most of the time.
Therefore I am thankful for all of the days that tragedies do not happen; I am hopeful that we will learn from the days that do; and I pray for the victims, their families and friends as they deal with the aftermath of this terrible event.
--Gary |
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Gary's Soapbox
Patience May Be "Retro," But Still Worthwhile
In this age of instant messaging, microwave meals, and on-demand entertainment, we tend to think that everything great should be available right when we become aware of it. Of course, this isn't always the case. And that's especially true when it comes to investment returns. No matter how often I say it, and no matter how many different ways I try to get it across, I still get asked about the current "hot" stock tip or investment opportunity. The next time you are considering an investment based only on its recent returns, take a breath, and remember these points:
Gravity happens. In other words, what goes up also comes down. When you buy into an investment that has increased in value quickly, it's likely that the investments will get sold just as fast when the excitement fades. Doing this too often goes against the very basics of solid investing: Instead of buying low and selling high, jumping on the bandwagon forces you to do the opposite.
Avoid Tunnel Vision. Pay attention to the whole show, not just a single frame. Just because an investment is performing well now, doesn't mean it will continue to do so. Compare the returns over different times against something similar, an index of the same type of securities, for example. This will give you a better idea about how the investment will react when the market changes.
Share Your Wealth (with yourself). Don't expect a single investment to be the answer to your high return dreams. Diversify. Create a portfolio that reflects your needs, goals and risk tolerance for the long term, so you don't risk losing it all at once.
Patience really is a virtue, especially when it comes to investing. Come to think about it, a slow-cooked meal will beat out a 1-minute Hot Pocket anytime. In both cases, it just takes a little bit of planning.
Gary Silverman, CFP® |
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Gary's Latest Articles
Times Record News
Gary Wants Us To Put Us To Work In his recent Times Record News columns, Gary challenges us to ask the right questions when it comes to determining how much we need for retirement and what we can expect as returns on our investments.
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Money 101: LIBOR
 What LIBOR means for us.
This is a great article on the LIBOR mess. What LIBOR mess? What is LIBOR? Short story: Banks lied about interest rates either to make themselves look better or to earn millions of more dollars. Either way this was world-wide fraud by some of the largest financial institutions. Read more...
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Final Thought
Recently, I received an email that included many of the quotes that are listed on the pages of a U.S. Passport. Here are a few for you to think about. Have a great week!
Every generation has the obligation to free men's minds for a look at new worlds... to look out from a higher plateau than the last generation. ~Ellsion S. Onizuka
For this is what America is all about. It is the uncrossed desert and the unclimbed ridge. It is the star that is not reached and the harvest sleeping in the unplowed ground. Is our world gone? We say "Farewell." Is the new world coming? We welcome it - and we will bend it to the hopes of man.
~Lyndon B. Johnson Sincerely, 
Gary Silverman
Personal Money Planning |
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©2012 Personal Money Planning . All rights 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 from this newsletter for general education by the original recipient.
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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. |
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