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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 - 11/01/2010 |
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| Greetings! |
I'm happy to introduce our Client in the Spotlight for November, Chris Vernia, Owner of Double Image Sounds & Entertainment, and Bounce the party place in Yorktown Heights, NY. Please be sure to read about Chris.
Here is your weekly tip - how do you go about checking to see if you have any unclaimed funds? I realize this might be an odd question. I was chatting with a friend the other day who told me he stumbled on to a website that aided him in searching to see if there were any "unclaimed funds" out there that he was entitled to. It turns out there are. He is not in the process of filing with his State (NY) so he can claim his funds. In this case he seems to be entitled to about $1,500.00 worth of stock that a relative left behind and he is the sole surviving family member. That got me thinking that perhaps you may be entitled to some forgotten funds too. Here is a link to help you get your search started, http://www.unclaimed.org. Of course, you can always go to your favorite search engine and search for "how to search for unclaimed funds" or something similar. I hope this search helps you find something. |
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Market Commentary |
 It wasn't nearly as scary as we thought it might be. Just 2 months ago, the S&P 500 was down 4.6% YTD (total return result as of 8/31/10) with the historically volatile months of September and October looming on the horizon. Those fears proved to be exaggerated as the S&P 500 has gained +13.1% since then, its best back-to-back monthly performance in 17 months. All that remains in 2010 are November and December, the 4th and 2nd best performing months for the stock index in the last 20 years (source: BTN Research). Political pundits are watching Tuesday's (11/02/10) mid-term elections closely to see if Americans will replace many long-time incumbents from both political parties. Although 56% of registered voters surveyed less than a month ago did not believe "most members of Congress" deserve to be re-elected, history tells us that "most members of Congress" are re-elected. The smallest percentage of House incumbents that sought re-election and won in the last decade was 94% in 2006 (source: Gallup, Brookings Institute). Within hours of the completion of Tuesday's voting, the Fed will take center stage as they are expected to announce the details of "Round 2" of their bond-buying activities designed to stimulate the US economy. Fed Chairman Ben Bernanke may provide details of bond purchases of $100 billion a month, significant but less than the $120 billion a month purchased during "Round 1" in 2009-10 (source: BTN Research). |
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Notable Numbers | |
1. THE SPARK? - From the day before Fed Chairman Ben Bernanke delivered his 8/27/10 speech in Jackson Hole, WY ("the Fed will stimulate the US economy if and when necessary") to last Friday's close (10/29/10), the S&P 500 has gained +13.3% on a total return basis. 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. BOUNCING BACK - Total assets nationwide in pre-tax retirement accounts peaked at $8.7 trillion 3 years ago (i.e., 9/30/07), then fell to $5.9 trillion just 1 ½ years ago (i.e., 3/31/09), but has rebounded to $7.9 trillion as of 9/30/10 (source: Federal Reserve Flow of Funds).
3. AVERAGE HOUSE SHIFT - Of the 5 Democrats that have served as President of the US since 1945 before Barack Obama, the average number of seats lost in the House of Representatives from the President's Democrat party in the mid-term elections held 2-years after the 5 Democrats won their initial election to gain the White House is 35. A gain of 39 House seats in the 2010 mid-term elections would swing control of the House of Representatives to the Republicans (source: BTN Research).
4. THE VERY RICHEST- To rank in the top one-tenth of 1% of all US taxpayers (i.e., 1 out of every 1,000) required an adjusted gross income (AGI) level of $1.8 million based upon tax data from calendar year 2008. 140,000 tax returns were filed in 2008 that reported at least $1.8 million of AGI (source: IRS). |
Client Spotlight - November 2010
Chris Vernia, Yorktown Heights, NY
Double Image Sounds & Entertainment / Bounce the Party Place |
Q. What is Double Image Sounds & Entertainment?
A. A DJ/ Emcee entertainment company. We provide DJs, Emcee's, Bands and Musicians for parties/ events of any size.
Q. What makes you different from your competitors?
A. My strength, if you will, is that I have a knack for matching the DJ/ Entertainment with the event. Meaning each event has its' own feeling or personality, we take pride in recommending the entertainment that compliments your event rather than overtaking your event.
Q. What is Bounce the party place?
A. Bounce The Party Place is a brand new indoor event facility located at 1761 Front Street in Yorktown Heights, New York. Bounce caters to any party, event, corporate or social gathering. The room is equipped with all the necessary sound and video requirements you may need. It has a Miami nightclub feel that people really seem to like, especially with parties trending towards informal events these days.
Q. What other amenities does Bounce have to offer?
A. We can change the entire feel of the room. We can change the color (with our state of the art lighting systems), furniture (style and placement), sound (we also have a state of the art sound system). We even have a 20 foot projection screen. (see pictures below)
Q. Can you give me a few examples of the types of parties you have done?
A. Sure, Sweet 16s, Bar/ Bat Mitzvahs, Graduation, Anniversaries, children's parties, Corporate events to name a few. We can accommodate almost any request.
Q. What are your Phone #s?
A. Double Image Sounds & Entertainment (914) 773-1950
Bounce the Party Place (914) 302-2403
Q. Do you have a website/ email address?
A. Yes, www.DoubleImageOnline.com / www.BounceThePartyPlace.com / Chris@DoubleImageDJs.com
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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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