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Show SPRINGVILLE HERALD Thursday, October 4, 2007 Disciplined investing helps keep emotions in check Knowing that financial markets are constantly changing, it's often hard to gauge when the best time would be to jump in. Trying to time your in vestments in this way can cause you undue stress and cost you financially when you try to invest by guessing when the market mar-ket has hit the "top" or the "bottom." Fortunately, however, there are several timeless strategies that can help you eliminate the emotional emotion-al component, and get you -s i. r. i Shown here are, from left: Martin Conover, Jay Stewart, board members; Jay Knight, vice-president' vice-president' Devin Bird, president-elect; Kate Whittaker, president; Ryan Staker, past-president and board member; Brend Haymond and Steve Boyce, board members; who were installed as new officers of the Springville Kiwanis Club for the comning year. They were installed by Dick Foote, Kiwanis lieutenant governor, at the Kiwanis meeting last Thursday. on the right track to successful suc-cessful investing. Think long term. While past performance is never a guarantee of future results, re-sults, the markets have historically performed well over the long run. Successful investors are the ones who develop the discipline and patience to stay the course over the long run, despite market fluctuations. Patiently accept volatility. volatil-ity. Building on the last point, it's important to realize that market highs and lows are a natural occurrence, oc-currence, and should be considered a normal part of investing. Once you accept ac-cept that fact, you can prepare pre-pare yourself to resist the emotional urges to jump in and out of the market based solely on its current direction. Call me today about ourfull line-up. (Auto, Home, Life, Retirement) MICHAEL DAVIS 801-465-4574 765 EAST 100 NORTH PAYSON michaeldavis3atlstate.com Toll Free: 866-465-4574 i ; f .. . x ; "ate. You're in good hands. Subject to aaii&b'&v ami wdNM&AkKto, Iww&vx oflwetJ orrfy w4h xeittt contjfaftiWfJUtetate Inswapce Cempsity, Assfciie In&mrtty OoRtpstiy. Mam Property ami Casually insuwica Company, and ASisstte Ufc wiitranoe Cnfiany; fiottlititook, Wildpwef-Single Family Homes priced from $350-$500,000 fi&m' - Single-Level Living priced from $2594450,000 Located 6 miles south of Provo on Hwy. 89 in Beautiful Mapleton (801)491-3300 - www.HarvestPark.net Stay in the market. Some investors attempt to time the market. When it's down, they sit. on the sidelines waiting for it to rally before they get in on the action. Conversely, when the market is up, they wait for a correction so they can buy at what they see as bargain rates. Moving in and out of the market by timing its ups and downs is a skill not even the most seasoned investment professionals pro-fessionals have mastered. Consistent investment - in both up and down markets - will produce more reliable reli-able results over time. Diversify. Possibly one of the most important investment in-vestment principles - and at the same time most overlooked - is the need for careful asset allocation. alloca-tion. The popular adage that tells you not to keep all your eggs in one basket is especially true when it comes to your investments. A well-diversified portfolio should include complementary complemen-tary asset classes, so they can cushion each other against the effects of market mar-ket downturns and lower your portfolio's overall risk. Watch your asset allocation. alloca-tion. Even if you properly diversify your portfolio in the beginning, changing chang-ing markets will affect the value of your investments and could alter your actual allocation. Consistent reviews re-views will help you identify iden-tify when your portfolio needs to be rebalanced, helping you maintain a proper asset mix. Pay yourself first. You may have heard this before, be-fore, but it's certainly worth repeating: Save first and then spend what you have left, rather than spending first and saving what you have left. Inevitably, In-evitably, if you attempt to do the latter, you'll often find there's nothing left to save. , Reinvest dividends. Many quality companies have a history of paying dividends, regardless of overall stock market performance. per-formance. Reinvesting these dividends offers you an excellent way to easily build your stock positions. Jeff D. Francom is a Financial Fi-nancial Advisor with A.G. Edwards in Salt Lake City. He can be reached at 800-945-1983 or jeff. francomagedwards.com ill MYB00KWISE.COMSAVE i The Most Intelligent Home-based Business In The World. 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Proud to Honor Our 4Hers (801)489-8811 111 E 700 S Springville DIHM0NDS GREENH0USE Fall Pansies will be ready the first part of October, so plant now 489-5561 643 South 1500 East Springville if gm f m w J S . ; a trtva toss. rfi nnn.r-r The Best Quality & Service for Over 70 Yrs Lumber Hardware Paint Garden Automotive Plumbing Electrical Mon-Sat 7am-9Dm 222-3350 35 East 400 South Springville New Location in Provo WINGER'S Provo To?ne Centere Main Entrance Provo, UT 84601 (801)812-2141 Western Metals Recycling We recycle all types of scrap metal (801)373-4224 685 S. Freedom Blvd. Provo GrocnSno Equipment Saluting the Dedicated 4H Youth (801)489-3167 65 N 2000 W West Frontage Rd. Springville Proudly Saluting Our 4Hers 801-377-9166 1122 S. State 25 -Provo Provident Living Center 729 W. 350 S., Orem, UT 84058 801-226-0635 Fall Fruit & Nut Sale going on NOW super prices on n nour emergency kits www.ProvidentLiving.com |