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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 - 10/04/2010 |
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| Greetings! |
I'm happy to introduce our Colleague in the Spotlight for October, Anne Miller, Founder of Chiron Associates, Inc. in New York City. Anne is a colleague, not a client, but someone I respect greatly and wanted you to know about. Please be sure to read about Anne below in our "Colleague in the Spotlight" section.
Here is your weekly tip -Teach your youngsters to save right now. I'm a big believer that it's never too early to teach the youngsters in our lives to save. If every time they have money in hand, they are taught to automatically "put some of it away for the future" you are setting them up to succeed. I can't tell you how many adults have told me, they wish their parents taught them start saving a percent of their money from childhood. They believe, as do I, it would have been a great habit to learn earlier in life and would have put them much further ahead financially. The lesson here is we can make a difference and start to teach our young investors to put a percentage of all of their money away as soon as they get it in hand. If charitable giving is a lesson you wish to teach, now is also a good time. |
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Market Commentary |
The forecasters that correctly anticipated the stock gains that were achieved in September could fit inside a very small phone booth. The S&P 500 gained +8.9% (total return) in September 2010, its best September result since 1939 (i.e., 71 years ago) and its 4th best performance for any month in the last 20 years. With less than 3 months to go in calendar year 2010, the S&P 500 is up +4.4% YTD as of the close of stock trading last week (source: BTN Research).
The price of gold had never in history traded above $1,300 an ounce until last week. Gold prices have set 18 all-time record closes this year (i.e., on a non-inflation adjusted basis), the latest taking place just last Friday (10/01/10) when the precious metal reached $1,316 an ounce. Gold was trading at $829 an ounce just 2 years ago, signifying a change of nearly $500 an ounce since then (source: CME Group).
The very first meeting of the Financial Stability Oversight Council (FSOC) took place last Friday in Washington. The 10-member panel, with representation from the Treasury Department, the FDIC, the Fed and the SEC, was created from the Dodd-Frank Wall Street reform bill that was signed by President Obama on 7/21/10. The council's main goal is to identify a market bubble before it bursts. Treasury Secretary Tim Geithner will lead the panel (source: FSOC). |
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Notable Numbers | |
1. BIG SWINGS - The S&P 500 has gained or lost at least 4% (total return) in each of the last 5 months (i.e., May-September), something that has happened only 1 other time in the last decade. 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. DIDN'T HELP MUCH - Mortgage servicers modified 1,008,420 loans nationwide in 2008 and 2009. As of 6/30/10, only 38% of the more than 1 million modified loans were current with their monthly principal and interest payments (source: Office of the Comptroller of the Currency).
3. OUR DEMAND FOR OIL - Through the first 7 months of 2008 (i.e., 2 years ago), the US imported $216 billion of crude oil. Through the first 7 months of 2009 (i.e., a year ago), the US imported $96 billion of crude oil. Through the first 7 months of 2010, the US imported $149 billion of crude oil (source: Commerce Department).
4. ONGOING BULL - From its bear market low close on 3/09/09, the S&P 500 has gained +74.3% (total return) through the close of trading on Thursday 9/30/10 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). |
Colleague Spotlight - October 2010
Anne Miller, Chiron Associates, Inc. (New York, NY) | |
Our colleague in the "Spotlight" for October is Anne Miller Anne is the Founder Chiron Associates, Inc., A sales and presentations training consultancy based in New York City.
Q. What area do you primarily serve?
A. My clients are frequently, but not exclusively, in service industries: financial services, media sales, management consulting, accounting, and executive recruitment.
Q. What services do you offer?
A. Seminars, speaking as sales meetings, coaching, and consulting.
Q. What areas do you cover?
A. The entire sales process: getting through to clients; how to prepare for a meeting; how to engage to build trust; how to have a sales conversation that develops opportunities for the maximum amount of appropriate business; how to present a story that sells; how to work through concerns and move to a close or the next step in the process.
Q. What is your Phone #?
A. 212 876 1875
Q. Do you have a Website/ Email?
A. Yes, www.annemiller.com amiller@annemiller.com
Q. Have you written any books?
A. Yes. The newest one just published is "Make What You Say Pay!' The previous ones are "Metaphorically Selling," "365 Sales Tips for Winning Business," and "Presentation Jazz!"
Q. Why do people choose to work with you? A. I wanted to know that as well, so I asked. One person summed it up very well. He said, "You get me to think." In today's fast-moving, information overloaded world, where buyers have many choices and are more sophisticated than they were years ago, the savviest salespeople need to be more strategic and creative than ever before. My mantra "Engage mind before mouth" pays off in increased business.
Q. What do you do?
A. I help people sell their services professionally and strategically to ensure long-term, high pay-off business for them. That takes the form of seminars, speaking at sales meetings, and individual coaching. |
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Anne invites you to get the following for free at www.annemiller.com
1. Her weekly Blog, "Make What You Say Pay!
2. Her monthly newsletter, "The Metaphor Minute"
3. Two chapters from her new book, "Make What You Say Pay!" |
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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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