Greetings!
In recent years, one of the hot topics of conversation is the Endowment Investing Model. Yale, Harvard and other large endowments generally have better returns than average investors and better returns than the stock, bond and real estate markets.
Next week, Dr. Tom Howard will join us to speak about the Endowment Investing Methodology. Of particular interest to our clients, Dr. Tom Howard is one of our investment managers and leads the research efforts for Athena Invest.
What are the time-tested ways that institutions and endowments achieve superior returns? How can I benefit from these?
What is the outlook for stocks in a crazy year like this?
What happens if . . . (insert the disaster of the day here)?
Bring your questions. Lunch is included. Reserve early, space is very limited!
The Endowment Approach to Investing
Date: September 18, 2012
Time: 12 pm to 1 pm
Where: A & I Financial Services offices
9800 Mt. Pyramid Court, Suite 450
Englewood, CO 80012
RSVP by e-mail to Jane@assetsandincome.com
or call 303-690-5070
Please RSVP by Friday, September 14th
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities. The information provided is for educational purposes only and should not be considered investment advice. All investment strategies contain risk and there is no assurance that this strategy or any investment strategy will be successful. Past performance does not guarantee future results. |
| Weekly Economic Update | |
WILL THIS JOBS REPORT PROMPT THE FED TO ACT?
In August, employers added 96,000 jobs - far short of the 144,000 consensus estimate of economists polled by Briefing.com. About 40% of the new hires were in four low-paying sectors (retail, leisure & hospitality, temporary help and home health care services). The jobless rate did fall to 8.1% last month - but that was because more Americans stopped looking for work. So will the Fed announce a stimulus later this week, or signal that interest rates will stay at record lows for another year or two? Some analysts think we will see both those moves made. (1,2,3)
ECB ANNOUNCES THIRD ROUND OF EASING
Stocks climbed worldwide last week after European Central Bank President Mario Draghi unveiled the Outright Monetary Transactions program. The ECB would use the OMT to buy short-term government bonds of nations adopting austerity cuts to try and reduce borrowing costs for these countries. The proposal passed 22-1 in the ECB's governing council - only Germany voted against it. Wednesday, Germany's high court issues an opinion about the legality of the new EU bailout fund. (4)
MANUFACTURING SLOWS, AUTO SALES UP
The Institute for Supply Management's manufacturing sector PMI was at 49.6 for August, down from 49.8 in July and indicating further (slight) contraction. ISM's service sector PMI improved to 53.7 in August from a 52.6 July mark. Overall U.S. auto sales in August were up 20% from a year before, with big increases for Honda (60%), Toyota (46%), Chrysler (14%), Ford (13%) and GM (10%). (2,5)
BIG GAINS ON WALL STREET
Friday, the S&P 500 closed at 1,437.92 (a 4-year high), climbing 2.23% for the week. The NASDAQ (+2.26% to 3,136.42) and Dow (+1.65% to 13,306.64) also rose substantially. Oil futures ended the week at $96.42; a gallon of gas averaged $3.82 Friday. Gold settled at $1,740.50 - its highest COMEX close since February 28. (3,6) |
| Market Summary |
|
% Change |
Y-T-D |
1Yr Chg |
5-Year Avg | |
DJIA |
+8.91 |
+16.57 |
+0.29 | |
NASDAQ |
+20.39 |
+23.05 |
+4.45 | |
S&P 500 |
+14.34 |
+19.96 |
-0.22 |
(Source: msn.money.com, bigcharts.com, treasury.gov, treasurydirect.gov - 9/7/12). Past performance is no guarantee of future results. Indices are unmanaged, and investors cannot invest in them directly. |
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Create a beautiful week!
Karl Frank, MBA, MSF
Certified Financial Planner (R)
A & I Financial Services LLC
303.690.5070
Citations:
1 - www.latimes.com/business/money/la-fi-mo-economy-jobs-
20120907,0,5557953.story [9/7/12]
2 - briefing.com/investor/calendars/economic/2012/09/03-07 [9/7/12]
3 - money.msn.com/market-news/post.aspx?post=e54a1459-89f0-4feb-8187-e80ef223ce3c [9/7/12]
4 - www.cnbc.com/id/48936899 [9/7/12]
5 - online.wsj.com/article/SB1000087239639044430170
4577631160247456798.html [9/4/12]
6 - montoyaregistry.com/Financial-Market.aspx?financial-market=common-financial-mistakes-and-how-to-avoid-them&category=2
Securities offered through Geneos Wealth Management, Inc., member FINRA/SIPC. Investment advisory services offered through A & I Financial Services LLC, registered investment advisor.
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| Words for Thought |
"I have never let my schooling interfere with my education."
Samuel Clemens |
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Riddle of the Week
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What 9-letter word remains an English word each time you remove a letter from it, until it becomes a 1-letter word? (Hint: You can remove letters from any part of the word.)
Last week's riddle:
You hold 3 U.S. coins in your hand. None of them are dimes, pennies or quarters. They total 60¢. What 3 coins do you have in hand?
Last week's answer:
A 50-cent piece and 2 nickels |
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Karl Frank was interviewed by 9News on March 28th, 2012 regarding "3 Things You Should Do if You Win the Mega Millions Lottery". | |
Click Here to View Video
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