Financial Topics Newsletter

August 2008   Thursday, September 9, 2010
Penny Wise, Pound Foolish
Serious Mistakes Others Made, And You Can Avoid

We all love the thrill of getting a good deal on a car or a shirt on clearance. It’s fun and good for the budget. How common it is, though, to sweat a penny while losing a pound. Penny wise, Pound foolish, which I also call “selective frugality,” is being frugal with small amounts of money while being careless with larger amounts. It sounds dumb, but you’ll be shocked how often smart people do it. It’s something we can easily admit seeing in others, yet we rarely recognize that same tendency in ourselves. Count how many of these examples you can apply to yourself or someone in your family.

[FULL STORY]
 
Maintaining Your Retirement Income
Saving enough by age 65 to help ensure that you can maintain your standard of living through a long retirement has become increasingly difficult. Consider just this one fact. Current retirees receive close to 70% of their retirement income from Social Security and defined-benefit pension plans, while today's workers will probably only receive one-third of their retirement income from those sources (Source: Ibbotson Associates, 2007).
[FULL ARTICLE]
 
Ensuring You Have Enough Life Insurance
For some people, the prospect of buying a life insurance policy that pays out upon their death is too close a look at their own mortality. Yet, at the same time, none of us want to leave our families financially insecure when we die. That's why it's critical to have sufficient life insurance.
[FULL ARTICLE]
 
Lessons Learned from the Stock Market
The stock market volatility of the past few years has taught some valuable lessons about the stock market.
[FULL ARTICLE]
 
Monitoring Your Stocks
There are five factors to look for as you monitor your stocks' performance.
[FULL ARTICLE]
 
The Benefits of Low-Correlated Assets
At first glance, asset correlation may seem like a complex topic. However, it is important to understand the concept and how it affects your portfolio. By combining assets with low correlation, you can potentially improve portfolio returns while reducing risk.
[FULL ARTICLE]
 

Greg Peterson holds a bachelor’s degree in Global Economy from BYU and an MBA in Finance & Entrepreneurship from the Marriott School of Management at BYU, where he was a Dean’s Scholar and 1st runner up in The Student Entrepreneur of The Year Award. He has started & managed several successful companies. After tenures at Merrill Lynch, Fisher Investments, & Smith Barney, he founded Peterson Wealth Management in 2007 to focus on high-quality, low-cost
401(k) plans as well as wealth management for households with over $100,000 to invest. He and his family reside in Orem, Utah and in Timberlakes Estates, Utah.

 
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Published by Greg Peterson, CFP®
Copyright © 2008 Integrated Concepts Group, Inc.. All rights reserved.

Securities offered through NEXT Financial Group, Inc., Member FINRA/SIPC. Peterson Wealth Management is not an affiliate of NEXT Financial Group, Inc.

Some information provided in this newsletter was prepared by Integrated Concepts. This newsletter intends to offer factual and up-to-date information on the subjects discussed, but should not be regarded as a complete analysis of these subjects. Professional advisers should be consulted before implementing any options presented. No party assumes liability for any loss or damage resulting from errors or omissions or reliance on or use of this material.

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