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 J. PINK ASSOCIATES, Inc.,
FINANCIAL ADVISORS
555 Taxter Rd. Suite 190 Ph- (914)524-7770
Elmsford, NY 10523 Fax- (914)524-7771
500 Summit Lake Dr. Suite 120
Valhalla, NY 10595 |
Weekly Market Review
for the week of - 09/20/2010 |
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| Greetings! | |
Here is your weekly tip - Let's go Fishing. There's an old saying that goes something like "If you give a man a fish, you feed him for a day. If you teach a man to fish, you feed him for a lifetime". You may be asking what fishing has to do with how the young folks in our lives handle money? Well, I'm suggesting that in addition to talking to your youngster about money; give them some money to manage. OK "give" might be the wrong word, let your youngster earn some money. I'll leave the "how and how much" up to you. Once you have a youngster with money in hand, school's in session. This is where we apply the tips I have been, and will continue to, share with you. If I can help you as you prepare to put these tips in to practice, please feel free to call. |
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Market Commentary |
The list of items that Democrats and Republicans do not agree on is lengthy. E.g., the impact of tax cuts, the benefits of federal spending, the direction of health care reform, the appropriate size of the government, and the form of regulation needed for Wall Street. But one item that has drawn bipartisan support (with just 6 weeks to go before the November mid-term elections) is the perception that China has manipulated its currency in order to benefit its exporters. Washington politicians have threatened for 5 years to impose tariffs on Chinese imports (i.e., Chinese products purchased by American consumers) to offset the price break a Chinese product receives as a result of their undervalued currency. In a speech before a Senate committee last week, Treasury Secretary Tim Geithner agreed with the many outraged lawmakers and came just short of promising retaliatory action by the Obama administration (source: Senate).
Warren Buffett, the 2nd richest American, is optimistic on the future of the US economy. In a speech to a Montana business group last week, Buffett predicted that "we will not have a double-dip recession at all (in the USA). I am a huge bull on this country" (source: AP).
The regulatory fallout from the worldwide economic collapse of 2 years ago continues to be felt in the financial industry. Early last week, global banking regulators negotiated an agreement (known as Basel III) to more than triple the size of the capital reserves that banks must hold against future potential losses (source: Financial Times). |
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Notable Numbers | |
1. CRUMMY AUGUST, BETTER SEPTEMBER (SO FAR) - The S&P 500 lost 4.5% (total return) in August 2010, its worst August since 2001. Through last Friday (9/17/10), the S&P 500 is up +7.4% for the month. The best full-September result for the S&P 500 in the last 20 years was a gain of +6.4% in 1998. The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market (source: BTN Research).
2. IMPACT ON EXPORTS - The value of the Chinese yuan (aka renminbi) was 14.87 cents as of the close of trading last Friday (9/17/10), its highest closing value ever recorded (source: Wall Street Journal).
3. USING SHORT-TERM PAPER - 63% of the $8.3 trillion of outstanding bills, notes, and bonds issued by the US government will mature within the next 3 years (source: Strategas Research Partners).
4. CROWDED - There are 3.0 million job openings in the USA today. There are 14.9 million unemployed people today. Thus, there are 5 out-of-work Americans for every 1 job opening today (source: DOL). |
Client Spotlight - September 2010
Maria Bonet, Kidville (Scarsdale, NY) |
Our client in the "Spotlight" for September is Maria Bonet, Director/ Franchise Owner of Kidville in Scarsdale, NY. Maria & her husband Tony live in Tuckahoe, NY with their two children.
Q. What is Kidville? A. Kidville is a place for families to go relax in a safe, clean and educational environment for their young children. We offer a range of classes for newborns through six year olds. Q. Does Kidville offer anything more than the classes you just mentioned? A. Absolutely, Kidville features an indoor Playspace, a retail boutique, and birthday parties for children up to age nine. Q. Do I need to have a membership or anything like that? If so, what is the cost? A. Membership is free with enrollment of a class. Q. What sets your Kidville apart from other places I can take my children? A. Quality. I am a Teacher first and a business owner second. Q. Please tell me what that means. A. I am a NYS certified teacher; I received my Masters degree from Iona College in early childhood education. I have taught 1st grade in both the Bronx and Bronxville public school systems. I take teaching the children that come to my facility very seriously. Children learn when they're having fun. Therefore we blend lessons and playtime together. Most of the children don't even realize they're learning. It's so much fun to watch. Q. What else goes on at Kidville? A. Well, even though it's not a formal part of the program, parents seem to find our store a great place to network with other parents. There have been discussions from which animal crackers taste the best to what's new @ the Zoo. Q. What is the Playspace? A. Playspace is open playtime, no classes. Just time to let the children play and explore while being supervised without the class structure. Please be sure to check our website to see what hours we are currently offering Playspace times. Q. What is your Phone #?  A. (914) 600-5544 Q. What is the stores address? A.777 White Plains Rd. Scarsdale, NY 10583 Q. Do you have a website/ email address? A. Yes, www.kidville.com/scarsdale - Maria@MyKidville.com
Q. Can you help me with direction to your store? A. yes, just click here and you will be directed to our directions page on our website. Be sure to check out Maria's offer below. |
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Kidville PASS... Try a free Class!
Call to schedule your FREE class!
C hoose from one of our many Kidville classes!
This offer is for one free trial class which is non- transferrable and cannot be redeemed for cash.
You must call at least 24 hours in advance to schedule your free trial class at Kidville - Scarsdale Limit one pass per child. |
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As always, if there's anything we can help you with, please feel free to call the office anytime.
I hope you have a great week.
Sincerely,
John
John W. Pink, Sr.
J. Pink Associates, Inc.,
Financial Advisors
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At J. Pink Associates, we do comprehansive financial planning and wealth management for families and small businesses by getting to know the unique details of your financial
world and thoughtfully crafting a strategy to identify and support your goals.
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This material represents as assessment of the market and economic environment as a specific point in time and is not intended to be a forecast of future events, or a guarantee of future events, or a guaranteew of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed by NFP Securities, Inc. as to accuracy, does notpurport to be complete and is not intended to be used as a primary basis for investment decisions. It should also not be construed as advice meeting the particular investment needs of any investor. The indices mentioned are unmanaged and cannot be directly invested into. Part performance does not guarantee future results. The S&P 500 is an unmanaged index of 600 widely held stocks that is generally considered representative of the US stock market.
Securities and Investment Advisory Services offered through NFP Securities, INc. a Broker/Dealer, Member FINRA/SIPC and a Federally Registerd INvestment Advisor.
NFP Securities, Inc. does not offer tax or legal advice NFP Securities, Inc. is not affiliated with J. Pink Associates, Inc., Financial Advisors. | |
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