Greetings!
Hi, everyone!! Now that summer is officially over and the kids are back in school, this always seems to be a good time to review the year and get ready for the last quarter. Hopefully everyone had a great summer with their family and friends. At JDS Wealth Management, we've had a nice summer ourselves visiting with friends and clients. Our Lake Norman client appreciation cruise in August was a smashing success!! Great weather, great people and great food. Everyone had a fantastic time and we had the good fortune of meeting some of our clients' closest friends. Ty should have some pictures from the cruise uploaded to our Facebook page later this week; you can find the link to the right. For those of you that weren't able to attend, don't worry, because we'll definitely be doing it again.
On a personal note, again, I want to thank all of my clients that nominated me for the Five Star Professional award that appeared in the September issue of Charlotte magazine. I'm truly humbled and appreciative that our clients speak so highly of us. Only 7% of wealth managers around the country receive this award. We have a full page spread in the magazine that speaks about JDS Wealth Management Corp. Also, a special thanks to my son Tyler, who worked with the people from Charlotte magazine and Five Star Professional to put the article together while Judy and I were in Hawaii. Thanks, Ty!!
As you know, every month we include a couple articles that come across my desk that relate to current financial events. Global Financial Private Capital is one of the third party wealth managers we use to help manage money in the market. They provide me with a very insightful "Thought for the Week" update on market conditions and strategies. Many of our clients have asked if we could pass on more of them since I get them every week. At the risk of stretching this newsletter out too much, I'm giving everyone three of them this month. I hope all of you fine the information useful and I'll continue to pass along interesting articles as I get them.
In these times of economic uncertainty, we need to be proactive and not reactive with our financial strategies. At JDS Wealth Management Corp., we're committed to giving you those strategies that allow you to take control of your financial future.
 -- Jim Stillman |
| 2008 Again? More like 1987.
Thought for the Week, August 15, 2011
|  Ever since equity indices "took off" in March 2009, we have regularly experienced price corrections without excessive worry. Stocks, commodities and a number of other asset classes have been trending downwards for a number of weeks; a phenomenon many described as a "healthy correction."
However, these previous corrections did not contain days where the markets felt like it was in free fall, unlike the period we just witnessed after the Government failed to satisfy the S&P ratings agency. The excessive volatility witnessed thereafter brought the mental scars of the 2008 market turmoil right back into focus for many investors; retail and institutional alike.
In our opinion, a correction for many asset class valuations is definitely justified in the current political and GDP environment. But as we sat on our comfy seats watching our Bloomberg Research and Trading systems, it feels more like 1987 than 2008.
Read more... |
Whose Advice can you Trust?
Thought for the Week, August 22, 2011
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Have you ever seen a medical doctor smoking a cigarette and thought, "Gee, that doesn't seem right?"
What would you think if you visited a dentist who had bad teeth? And how keen would you be to pay an overweight fitness instructor?
At the risk of "judging a book by its cover," wouldn't you politely decline a consultation in all of the above situations?
So why do people still get financial advice from financial organizations that ran out of cash in 2008 and 2009 - financial companies that couldn't plan their own expenses beyond one single week?
Is there something inherently wrong with taxpayers asking a representative of an organization to help devise a financial plan when the same taxpayers had to financially bail out the same organizations?
Read more...
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Growth vs. Income?
Thought for the Week, August 29, 2011
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Equity markets are at similar or lower levels to those seen in 2000; investors may still be experiencing the "Lost Decade" for consistent capital appreciation from stock markets. When the effect of inflation is taken into account, the loss in real net worth is even greater.
Looking at the chart below [note: chart pictured in article] of the S&P 500 since 2000, "Buy-and-Hold" it will all come back clearly isn't working.
So why would anyone invest capital in an asset class that has failed to provide capital appreciation over the last ten years or more? Moreover, how can a conservative or moderate investor tolerate the volatile swings in stocks?
For many, the answer is INCOME.
Read more...
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