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Money 101:
Personal Money Planning's Newsletter
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Money 101
SEPTEMBER 29, 2012 |
Howdy!
Fall is here! That means you have 3 months to tidy up all of your financial "stuff" before the end of the year. Are you ready? Do you have questions?
If the answer is yes, your timing couldn't be better. Next week is Financial Planning Week. To celebrate, I will be offering FREE ADVICE to anyone who stops by the Chase Building conference room (4245 Kemp Blvd., 5th floor) on Thursday, October 4, between 10 a.m. and 2 p.m. Come with your financial questions, concerns, or even worries. Hope to see you there!
If you are not in the Wichita Falls area, check this map to find an event near you.
Have a great week!
--Gary Silverman, CFP® |
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Gary's Soapbox: Simplified Recycling
In Wichita Falls and surrounding areas, we no longer have access to the same excuses to avoid recycling. Progressive Waste Services (formerly IESI) now offers single-stream recycling for local residents. This means you can no longer say, "I just don't have time to separate out all of the different materials into their own containers," because single-stream allows you to put almost all of your recyclables into one bin.
Newspaper, magazines, phone books, glass, cardboard, soda cans, plastics (#1-7), aluminum (not foil or aerosol cans), tin and steel (no paint cans)... all of this can be dumped into one of the bright orange bins found throughout Wichita Falls. Appropriately, one of the containers is located at the River Bend Nature Center parking lot, a great reminder that your effort is helping the environment. The other locations are behind United Market Street and and on the south side of Sikes Senter Mall near Toys R Us.
So, instead of tossing your pop cans or empty cereal boxes into the trash, where they are destined to last almost forever in the landfill, give your garbage another life and make a trip to one of these orange bins. Or contact Progressive to get a container for your home. There's an annual fee of $50, plus a monthly charge of $57 for a weekly pick up, but you may be an overachiever in the recycling department! Either way, if you want to make a difference, it's now much easier. Enjoy!
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Gary's Latest Articles
From Times Record News and Biz to Biz
Tax Expertise: Not Just For Your Rich Uncle
Even if there's not someone in your life who would like to offer you a gift of over a million dollars, you should still be concerned about the changes in the tax code. Read more...
Are the Worrywarts Right?
Many of the "experts" are lowering their reasonable withdrawal rate because of predictions of lower returns. Does this make sense? Standing Still Won't Get You Anywhere Too many in business are willing to risk anything right now. It may feel safe, but it creates a standstill that we shouldn't be complacent about. Read more... |
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Money 101:
The United States Budget Dilemma
I did not vet this video and no doubt there are some mitigating factors. I didn't like their use of 9-11 images and almost didn't send this out because of that, but otherwise it does agree with what I've been saying now for about 10 years. And it is probably not a coincidence that I received this link from three CPA friends of mine. -- Gary
Take a look
 | | United States Budget Dilemma.wmv |
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Final Thought
It doesn't always happen this way, but...in 2010 the worst day for the S&P 500 stock index was May 20. It lost 3.9%. Six months later the index had gained over 13%. In 2011 the worst day was August 8 when the index lost 6.6%. Six months later it was 22% higher. It can pay to stay.
Then again...
The NASDAQ Composite index went over the 3000 point on December 11, 2000. It didn't make it back to that mark again for over 11 years on March 13, 2012. Sometimes what goes up has a hard time staying there.
Not only that, but...
In August of 1979 there was a famous BusinessWeek cover story entitled The Death of Equities. It had seemed to most that stocks were in a continous malaise that had lasted over a decade. The S&P 500 closed that same day at 107. It was over thirteen times that last month. Staying there might take some patience...but that patience can result in great happiness.
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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