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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 - 4/18/2011 |
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| Greetings! |
Here is your weekly tip - Write down your financial goals. We are taught that if we want to achieve our goals we should write them down. I think this applies to our financial goals as well. If you have financial goals and feel it's a true struggle to achieve them, try writing them down. I don't mean lofty unspecific (often unattainable) goals like "Become a multi-millionaire overnight" or "add 100 points to my credit score by next week". Make your goals specific, attainable and break them down to "bite sized steps". What do I mean by "bite sized steps"? Let's say for example, your goal is to add another $15,000.00 dollars to your emergency fund. Break that goal down to a weekly, monthly or per paycheck commitment. Let's assume you get paid roughly every other week or specifically 26 times a year. $15,000.00 divided by 26 paychecks would be a commitment of roughly $577.00 per pay. That may be comfortable for you or it might leave you feeling like you can't manage it. Perhaps you can comfortably manage $250.00 per pay. That would equal $6,500 over the next year and it will now take just under 2.5 years to reach your goal. I'll write some more tips that can help you reach your financial goals over the next few weeks. If you have any tips for reaching your goals that you would like to anonymously share, please reply to this email and tell me your tip(s). I will share the tip but not the source. |
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Market Commentary |
 Treasury Secretary Tim Geithner was on the speaking circuit just a day after the president's speech last week, attempting to calm the frayed nerves of global investors over the USA's looming $14.3 trillion debt ceiling limit. Our government is now projecting that the self-imposed ceiling will be reached within 4 weeks (i.e., 5/16/11). Rather than risking a debt default, Geithner is confident that Washington politicians will increase the limit, asserting that "there is no conceivable way that Congress would take the risk of forcing a default" (source: Treasury Department). American taxpayers have until midnight tonight (4/18/11) to file their calendar year 2010 individual tax returns. More than 140 million returns are expected to be filed during the current tax season (source: Internal Revenue Service). |
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Notable Numbers | |
1. TIME FLIES - The S&P 500 bull market that began on 3/09/09 has lasted approximately 25 ½ months. The shortest bull market for the index since 1950 lasted 26 months. 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. IN THE RED AGAIN - The US government had a $188 billion deficit in March 2011, extending its streak of consecutive monthly deficits to 30, an all-time record (source: Treasury Department).
3. FIRST TIME EVER - The 12 countries that make up OPEC are expected to generate a record $1 trillion of revenue during 2011 assuming oil prices average at least $100 a barrel for the year (source: OPEC).
4. LIGHTS ON- 44% of the electricity in the USA is generated from coal, 23% from natural gas, 20% from nuclear power, 7% from hydropower and just 2% from wind power (source: EIA). |
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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.
NFP Securities, Inc. does not provide legal or tax advice.
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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