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Show The dien Valley News December 1998 Karli Oberg"‘ “In the Read For The “The Read For tfiae Gold 1 has heiped me to read better and I - enjoy it much. This . v Gold %mestm picture is our share-a- book. I have read to my neagfihor for a few T weekeo She is a toddier It’s a lot of fun!” . rea ang to her, 'eeauee R not only does she sit down ar 1 listen, but her older brothers come wn with me too. I have enjoyed it and . ) hope to read for a Eong_ ‘time.” kind of car you’ll drive. It - - It’s January and the new even makes a drfference in | - where you live, and whether year is in full swing. You’ve - 'made resolutions -- maybe ~ even broken one or two . already. If reviewing your investment portfolio wasn’t on your list of resolutlons | now is a good time to do so 'And this resolution is one~worth keepmg, because your future depends on 1t you’ll be able to afford a few‘ vacations each year, if that’s what you envision for your retrrement 1 80,943, ' ~ ing how to invest your = If you save for 29 years $163 494 " B A Fmancral professronal can vmoney | $17 449 ‘What 'can | ch'ange in the to you courtesy of Herrtage 'Fmancral Group Calvrn DWelhng, CLU ChFC A , - Creatmg an 1nventory of | 'your current savings and mvestments. 'Where to start space of one year? - “This information is provided B o help you with the .fo lloWll’lgvi o Your potentlal loSS° SecurrtresPrmcrpal | - It’s especrally 1mpor'tant “to review your investment Exammmg your mvest-— o ments can be somewhat time consuming, but it’s one of the | portfolro if last year brought a major life event, such as a " ‘marriage, child or a transition toward retirement. The average portfolro review takes Investment Advrser When you re analyzmg --Wrrtrng up fmancral goals ~ Representative | your portfolio, there are four ‘and other key factors Ascend Financial Services, thmgs you shouldconsrder Inc., Securities Dealer for each investment: g -~Selectmg a surtable portfo‘Member NASD/SIPC, A | B ~ 1. Does it fit your asset allo'cation philoSophy? | N . lio. Y e Sy '--Rev1ew1ng and updatrng s Registered Investment | - Advrsor ~ most important things you : your program annually - can do as you plan for your - about six hours total. That’ s 2. Does the management phi. future. Most people at age 65 ‘less than one day of work losophy fit with your own? | by Chfis anht A SeRiM can expect to live another 20 annually -- with-a payoffthat 5 Is it consistent? Can 1t be years -- that’s another third of ‘can last for years o rephcated" a lifetime. The question you - should ask yourself as you ‘review your investments is: ~ What do T want my hfe to be like? I'm too husy this year. Can’t this want another year? - tg What are the fund’s hrstorr- cal, long-term returns? At this point, look back five to ten years or even longer ifdii You shou]d review your i statrstrcs are avaflable Most people spendmore " investment options at least time planning vacations than annually. Because income 4 Are the risks the fund managers have taken relative to ‘ "‘Planni'ng their retirement. . . - ~ typically increases as time They ignore their invest- passes, investments should --the fund’s retum_? ments, hoprng it will “all = increase accordingly. The ~ work out.” Ignoring the per—' T ~ costof waiting to invest, or If the flrst questron threw formance of your portfolio, not regularly increasing you for a loop, or you find however, is a mistake that - investments as your income ~ the following questions a bit rises, can be great over the . daunting, consider consulting could cost you. It could mean the differ- long term. Hypothetically, if a professional. Ninety-five you save $1,000 per year and a3 percent of people don’t know ence between a meager and a - earn 10 percent assumed | ~ how to analyze rnvestments comfortable lifestyle, and: wri}:_ interest on your account bar— it’s nothing to be ashamed affect all aspects of your life, from the types of food you ‘eat, to the medical care ance, here’s the drfference a year can make ~ - you re abie to procure toth 20 Efyou save for 30 years about. Just as your wouldn’t try to doctor yourself, you - should consider a professional point of view when decid- Wonderrng What to grve your chlldren thrs holrday season‘? Money savvy skills can be a great gift. Teach your children the fvarious savings mstruments available to help them establish an age-appropriate strategy. Most are familiar with passbook savings accounts, but do your children understand what CD’s are? (Caution: you may find a generation gap to this question!) Asa Personal Finance Merit Badge Counselor, I discover that most teen-aged scouts have never heard of a money market mutual “ifund, which pays a higher rate of interest than ‘passbook savrngs fand also remains liquid. Many have not experienced managing their own checking account. What about T-bills, Mutual Funds = | EE Bonds, or even IRA’s? The key questron to helping them choose an appmprlate investment strategy is: - “When do they need the money?” If the answer is short-term, consider money market mutual funds, Tibills, or Certificate of Deposrts If the answer is long-term, you may want to consrder a more aggressrve strategy such as mutuai funds. Pick an investment ‘Vehicie that matches your child’ s needs --;f and stuff their stocking with a gift that not only ]iasts a lifetime but aiso compounds and grows to meet therr ever-growing needs ) Ch mtmns Deoomtm . @ st rofoam bath or shapes qtue seeais orbeaws (!etdweg pea whtte, blaoleLewtrts am.d/or -peppemoms onto stgm{oam with whtte gtue or gtue guw. R e “COLLeot bemes or seed podsavw! spm:d pmwtthem gotd _ 'Red R,Lbbow Bows Pot “Poum and. CLWMWLDW cawoltes Pine hmmhes Latd withpwteaoms awd bemes matee a beautt{ut oewt:erpwoe Acdd can- dles too! Weber Couma 160 acre publlc park land sale for $32,000 f 1 was mtshand!ed!' semm mmm Please makedonatm for courtfeesto: o ball ~ SMM 15, 1998 Creek Pam Tmsi’ BankofUtah MWahkmB!vd mmwmfims@wwammnnamamrm e |