IN THIS ISSUE:

Gary's Soapbox/ Latest Articles/ Money 101/ Final Thought

Personal Money Planning's Newsletter

September 17, 2016

Thanks for taking a few minutes to open our newsletter. This week, we talk a bit about Brexit (remember that?), share my recent articles as well as the latest Monthly Monitor. And, just for fun, a little tidbit about the history of Star Trek and NASA.

Have a great week!

Gary Silverman, CFPŽ

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The Soapbox

Brexit Update

Remember Brexit? Of course you do. Many short-term traders thought the sky was falling when British voters unexpectedly decided to opt their country out of the European Union. But the process of extricating the British economy from the complexities of European membership has been deliberate and thoughtful-on both sides.

Recently, the UK's new Brexit minister, David Davis, told reporters that the government plans to examine whether the country will continue to honor the customs agreements it has in place with European nations, or not, before it will invoke the Article 50 clause of the EU agreement. You can understand the complexity of the Brexit ministry's job (sorting through how it wants to restructure economic relations between England and the Eurozone) by the fact that the ministry currently employs 180 economists and other staff in London, and has access to 120 officials in Brussels. Don't expect them to do anything rash.

If Britain decides to opt out of some or all of the EU customs agreements, it will be free to sign new trade agreements with the U.S., China, Japan and other nations, but could face additional customs duties and tariffs from its trading partners across the English Channel.

Davis also announced that there would not be a second vote to overturn the first one, saying that those who voted 'remain' have accepted the result.

Gary's Latest Articles

From the Times Record News

Combination of errors

Investors in the '90s were like stereotypical teenagers, they felt invincible and they followed the crowd. What could go wrong? Read more...

Reflection

the 15th anniversary of the September 11 attacks provided a time to remember what was lost. Read more...

Money 101:

Monthly Market Monitor

What's happening with equities? See page 15. What about corporate earnings? Start with page 19. That and more in this installment of the Monthly Market Monitor from the folks at Eaton Vance. Take a look...

Final Thought

To boldly go...

September 8th marked 50 years since the first Star Trek television show aired. Today, September 17, is the 40th anniversary of the Space Shuttle Enterprise roll out. It was originally going to have a different name, but Star Trek fans mailed thousands of letters to the White House, urging President Ford to change it to Enterprise. Ford made it so.

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