Greetings! Hi, everyone! It seems to be a recurring theme this summer, but I'll say it again: I hope everybody's keeping cool. I heard on the radio that the high today was going to break a temperature record from 1888!
We're always raving about our clients here at the office, so I'll focus on them this month. Jim's been chosen as one of the few recipients in the area of the Five Star Professional award for financial advisors. You can read more about the selection criteria here, but the gist of it is that Jim stands out among his peers and his clients. For the latter of those two, we sincerely thank all of you. We do what we do to help you guys out as much as we can and it means a lot to us to receive such an award. Jim will be getting profiled in Charlotte Magazine in September, so be on the lookout for him in there!
We'll be spending the tail end of this month on an event for our clients, as well. For those of you that have already called me to RSVP, thanks for your response and I'll be sending out some follow-up details (confirmations, directions, etc.) soon. Jim and I are both looking forward to giving you guys an enjoyable day!
In September we're getting back to our workshop routine. I'm fairly certain we'll be in Mooresville, so keep your eyes peeled for an invite or just give me a call here at the office if you're interested in attending a workshop. I'll post details on our website when I have them.
Until next month,
 -- Tyler Stillman |
Retirees Need Fewer Stocks, More Annuities
MarketWatch, July 11, 2011
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Fewer stocks, more annuities. That, in essence, is the advice gleaned from two just-published reports for the benefit of those living in or approaching retirement.
Retirees should invest just 5% to 25% of their portfolios in stocks, or at least that's the case for those whose primary goal is to minimize the risk of running out of money and sustaining their withdrawals, said one report published by Putnam Investments new think tank.
And, Americans can avoid the risk of outliving their assets by saving more, working longer, investing wisely, delaying Social Security and buying a life annuity, according the Government Accountability Office (GAO).
Read more...
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Singles and Doubles
Thought for the Week, July 18, 2011
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With markets seemingly hanging on the edge of the debt ceiling debate, even though agreement between Germany and France appears to have averted a banking crisis in Europe for now, it's a natural reaction for a conservative investor to worry about the short term efficacy of remaining invested.
Market Timing
One common emotion is to try and time the market by selling out of a portfolio when the fear level is high and buying back in when the fear subsides. The temptation to "time the market" is commonly evident during the volatile economic and political times we are currently experiencing.
In our opinion, this is a very difficult trick to successfully execute. Moreover, it assumes the primary goal of an investment is capital appreciation and not income.
When media and retail investor fear is at an elevated level, markets may have already suffered price declines. Conversely, when the investment "all clear" sirens sound, prices have already risen. In choppy markets where price and sentiment movements are often based on temporary events or perceptions, by the time an investor has exited, or entered their investment, the market may be close to a turn around.
Read more...
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