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Show Page 4 The Gunnison Valley Gazette Thursday, November 18, 2010 Don't let 'Double Dip' fears The Outdoor Report sink your investment plans Time to get the Christmas tree Submitted by DARIN FRANDSEN Fears of a "double-dip" recession are in the air. Obviously, this isn't particularly good news; we'd all like to feel that the economy is growing robustly. At the same time, however, you'll want to avoid making hasty, ill-advised investment decisions based on the mere threat of a slide into another recession. Instead, you'll want to keep your long-term investment plan intact — in all economic environments. The possibility of a doubledip recession makes great headlines. But such events have been rare. In fact, we've seen only one double-dip recession in the past 77 years. However, this history hasn't stopped gloomy forecasters from predicting a double-dip in 1991 (it didn't happen) and in 2003 (when it didn't happen again). Will we again avoid the double-dip recession this time? It's dangerous to make predictions, but it seems more likely that what we're really experiencing is a "soft patch" in the economic recovery as retail sales remain weak, consumer confidence is low and unemployment remains high. But on the positive side, manufacturing activity has been strong, corporate earnings have rebounded to pre-recession levels and profit margins are near all-time highs. And yet, many investors are focusing strictly on the negative reports — and they're acting on their fears by moving money from stocks to fixed-income vehicles, such as bonds. During the period from July 2008 through June 2010, investors pulled more than $200 billion out of stockbased mutual funds and put more than $475 billion into bond funds, according to the Investment Company Institute. Bonds can provide a source of regular income and will return your principal when they mature, providing the issuers don't default. They're an important part of most investors' portfolios. But if you're joining the crowd and over-concentrating on bonds, you risk losing the following: • Growth opportunities — According to Ibbotson, a leading investment research organization, stocks have done particularly well following 10-year periods in which the stock market hasn't performed strongly — and the past 10 years were one of the worst periods we've ever seen for stocks. And right now, many quality stocks are trading at some of the most attractive values in 15 years, as measured by priceto-earnings ratio, or P/E. • Portfolio balance — Ideally, you want your portfolio to contain a mix of investments stocks, bonds, international and cash — designed to reflect your risk tolerance, time horizon and long-term goals. You'll need to adjust your investment mix over time to reflect changes in your life, and regular portfolio reviews will prompt you to rebalance back to your target mix and determine whether any other changes are needed. But if you're constantly disrupting your portfolio's balance by reacting to short-term events, you'll have a much harder time achieving your objectives. In virtually all areas of life, balance is essential — and that's certainly true in regard to your investments. A "double-dip recession" might sound scary, but it may well never come to pass — so don't let the mere prospect throw you off your investment strategy. Good investment opportunities are out there — so dip into them. Past performance is no guarantee of future results. Before investing in stocks, you should understand the risks. Stocks are subject to market risks, including loss of principal invested. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. For many families, the adventure of traveling to the forest and cutting their own Christmas tree has become a tradition. Christmas tree permits will be available again this year from the Fishlake National Forest. These permits allow individuals the opportunity to cut a tree from the National Forest for their personal use; they cannot be resold. All personal use permits sell for $10 each, and they must be picked up in person. Mail orders and phone requests will not be accepted. The permits must be securely attached to the harvested tree and remain with that tree during transport. Most species of trees on the National Forest may be cut, except for ponderosa pine. Permits may be purchased at any of the Fishlake National Forest offices. These offices are not open on weekends. The nearest office to the Gunnison Valley is the Richfield office: Richfield Ranger District – 115 East 900 North, Richfield – Beginning Friday November 19, permits may be purchased during regular office hours, 8 a.m. to 5 p.m. Monday through Friday. For more information, call 435-8969233 LOG HOMESY pr''a TEXAS Family. Experience. Quality: The First Word and Last Name in Log Homes! Think Satterwhite for Log Homes, Rough Lumber, Timbers, Animal Bedding and Firewood CA9a49\ 1?)' Pizza • Calzone Breadsticks • Salad YOU CAN'T CONTROL THE MARKET, ,‘cle-rd0,01 0'\ . . Zld r..s.. ..... -,- Free Delivery 7' •• 528-3792 Sometimes the market reacts poorly to changes in the economy. But just because the market reacts doesn't mean you should. Still, if current events are making you feel uncertain about your finances, you should schedule a complimentary portfolio review. That way, you can help make sure you're in control of where you want to go and how you'll potentially get there. -r ,te (Limited Area) BUT YOU CAN CONTROL YOUR DECISIONS. ** DELO 57 South Main • Gunnison 7-(aPPY f° Serve lim ,,--< Specialty Pizza's: thicken Alfredo • Philly Steak 8 Swiss • 6BQ thicken • thicken Bacon Ranch Stix of all kinds: Bread Stu( • theastix • Pepperoni Stix • Hawaiian Stix • (imastix • Tummy Stix lunchtime Special: Pizza by the Slice COACH WS LOTSA MOTSA SPORTS CALENDAR Call or visit your local financial advisor today. Darin K Frandsen Boys Basketball Financial Advisor 446 South Mall Drive B-7 St George, UT 84790 435-627-2159 Wed Nov 24 • North Sanpete @ Gunnison • 7 pm Wrestling www.edwardjones.com • • • • - - • • Wed Dec 1 • Gunnison @ North Sevier • 7 pm Girls Basketball Edward J onei Tue Nov 23 • Waterford @ Gunnison • 7 pm MAKING SENSE OF INVESTING Eat 528-5001 Hwy 89 Northeast of Gunnison Open Monday - Saturday The Outdoor Report is Sponsored by: SATTERWHITE As a convenience to the public, permits will be available again this year at Don's Sinclair, 215 West Main, Salina from 6 a.m. to 9 p.m., Monday through Saturday, 7:30 a.m. to 8:30 p.m. on Sunday and from Larsen's Ace Hardware, 1155 S. Hwy 118, Richfield, 8 a.m. to 7 p.m., Monday through Saturday. The Fishlake National Forest encourages those purchasing permits to be prepared for bad weather and poor road conditions. In addition, be sure that trees are cut on the National Forest, not private land. Maps are available from National Forest Offices. ot ••••••••••••••• ••••••• •••••••••••••••••••• •••••••••••••••••••••••••••••••••••• •• •• 1•1■1•1 jib III 0 • ■' 1J11 to @a:7N Pharmacy Hours: Mot-Thur. 9:30 am to 6:30 pm Fri. 9:30 am to 3 pm Closed Sat. & S1111. Prices effective through November 25, 2010 Norbest $one-In Frozen 15 lb. Bag Idaho Turkey Breast $1.291b. Salad Dressings Cranberry Sauce 79c 590 Dole 20 oz. In 100% Juice Asst. 480 95c Pineapple Mandarin Oranges Western Family Flour $Z29 Cream Cheese Iced Pumpkin Cheese Rolls 499 ea. Made From Scratch Lemon Meringue Pies 2 for 1 • •• 2 Dozen Fresh Baked Pan Rolls - 199 pkg. •••••••••••••••••••••••••• 498 Peas or Corn Western Family 10.5-11 oz. In Light Syrup or naturally Sweet 10 lb. Unbleached or All Purpose Fresh Scratch Bakery Select Varieties Western Family 16 oz. Frozen Super Sweet White Corn, Petite Nalley Dill Pickles 97c Kraft 12-16 oz. Pourable Asst. Western Family 14-16 oz. Jellied or Whole Sorry 46 oz. Pitted Olives Spiral Sliced Hams $1.19b. Celery Sbs. Russet Potatoes 104 Western Family Medium or Large Sugar Tree Bone-In Crisp 27-46 oz. Select Varieties Marie Callender's Pies 498 Western Family 8 oz. Asst. Whipped Topping Fresh Service Deli Hot 6 Ready 8 pc. Chicken Meal Deal 499 Fresh Made 7-Layer Dips - 4.99 ea. Asst. Cheese galls - 4.99 lb. ••• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •• •••••••••••••••••••••••• •• |
