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September 27, 2006
09-27-2006: Items of interest for the Family CFO
Yet another example that no one can predict the future direction of stock prices and reading the news on those stocks will cause you to buy when you should be selling and sell when you should be buying. Take a look at the news headlines from 1995-97 about Apple. (Tip of the hat to Barry Ritholtz of The Big Picture for this one.)
Health insurance continues to be the x factor in the future standard of living for many Americans. The New York Times (free subscription required) says the cost of insuring a family rose 7.7% last year. That is double the cost from seven years ago. It is also double the rate of wage increases and inflation.
Walter Updegrave, senior editor at Money Magazine (and previous guest on my radio show) lays out some of the reasons you should avoid annuities in 3 Retirement Deals You Can Do Without. He gives the sales pitch for equity indexed annuities, IRA rollover annuities and annuity swaps. Then he does a nice job of telling you what the pitch leaves out. (Thanks to Snider Investment Method™ graduate Taylor Stevens for the heads up on this one.)
Paul Farrell, of MarketWatch.com, illustrates one of the fundamental problems with investing: we are human. Being human, our brains play all sorts of dastardly tricks on us. One such trick is filtering out information that doesn't support our point of view. We all do it. It is one of the reasons why I say, when it comes to investing, we are our own worst enemy. We think we are being logical when really we make decisions in a totally illogical way, most of the time.
If you see something you think would be of interest to other Family CFOs, please pass it on. You can email it to me: kim (at) kimsnider.com. As always, your thoughts on these or any other topics are welcome. Leave them below.
Kim Snider, Kim Snider Financial Communications, Chronim Investments and/or Snider Advisors make no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 866-952-0100 to request the Snider Investment Method™ Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments are subject to risk including possible loss of principal.
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Kim Snider is an author, speaker and host of Financial Success Coaching, Saturdays at noon, on KRLD Newsradio 1080, Dallas - Fort Worth. This blog is primarily devoted to empowering individual investors with information to help them be good stewards of their money. Above all, it is about achieving true financial success. Kim's book, How To Be the Family CFO: Four Simple Steps to Put Your Financial House in Order is in bookstores now. Order yours from Amazon or other fine booksellers today.
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