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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 - 09/27/2010 |
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| Greetings! | |
Here is your weekly tip - Pay them on time. Many of my clients have shared with me that they pay their children (some even pay grandchildren) an allowance. If you have youngsters in your life that receive an allowance, be sure you pay them regularly and on time. You may not realize what important lessons these are for your youngster. You're teaching them to budget. They can count on money (a lot like your paycheck) to come to them at a regular interval. A regular payday allows them to make plans for the money they expect to receive in the future. The less obvious, yet equally important, lesson is that your youngster can learn early on the importance of paying their financial obligations on time. If you pay them their allowance late, you're teaching them (through example) that it's not important to meet your financial obligations on time. I can remember my dad running to the store to break a bigger bill, early on many Sunday mornings, so he could be sure my sister and I got our allowance at breakfast. As a personal note, looking back, this has turned out to be one of my fondest memories from my childhood. |
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Market Commentary |
In a pattern that has become routine during this month, the most recent 5 days of stock trading in September has produced yet another positive gain for the week. The S&P 500 has gone up for the last 4 weeks, advancing +9.6% (total return) for the month through last Friday (9/24/10). With just 4 trading days remaining in the month, the stock index is on pace for its best monthly performance since March 2000 (when the S&P 500 gained +9.8%) and its best September result since 1939 (source: BTN Research).
Although there are 14.9 million unemployed Americans that may scoff at the report, the organization that is charged with determining the official start and end dates of recessions announced last Monday (9/20/10) that our economic slump that began in December 2007 officially ended in June 2009. The 18-month downturn for the economy was the longest running recession in our country since the Great Depression of 1929-33. Last week's announcement came 447 days after the recession officially ended (source: NBER).
When the Federal Reserve declared last Tuesday (9/21/10) that it "is prepared to provide additional accommodation if needed to support the economic recovery" the bond market read those words to indicate they may resume their debt-buying program in the near term. The dollar amount of those Treasury purchases (of intermediate-term notes and long-term bonds) could again be multiple billions of dollars, driving down long-term interest rates to even lower levels than where they are today. When the Fed stopped its most recent bond-buying binge in March 2010, its balance sheet had grown by $1.7 trillion over the previous 12 months (source: Federal Reserve). |
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Notable Numbers | |
1. AVERAGE VS. ACTUAL - Over the last 20 calendar years (i.e., 1990-2009), the best performing month for the S&P 500 was May, up +2.08% on average (total return). The actual result for the stock index during May 2010 was a loss of 7.99%, its worst monthly performance in 2010 (so far). 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. WHO GOT WHAT - The top 5% of households accounted for 21.7% of all pre-tax income in the United States in 2009. The top 20% of households accounted for 50.3% of all pre-tax income in the United States last year (source: Census Bureau).
3. WHY GROWTH IS NEEDED - An individual living on a fixed income over the 20 years from the end of 1989 to the end of 2009 would have suffered a 40% loss of purchasing power over the 2 decades using the CPI as a gauge of his/her inflation (source: Department of Labor).
4. WHY GROWTH IS NEEDED, PART TWO - A husband and wife both aged 62 have a 47% chance of at least 1 of them living to age 90 or older (source: Government Accountability Office). |
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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