- Page 1
- Page 2 - Page 3 - Page 4 - Page 5 - Page 6 - Page 7 - Page 8 - Page 9 - Page 10 - Page 11 - Page 12 - Page 13 - Page 14 - Page 15 - Page 16 - Page 17 - Page 18 - Page 19 - Page 20 - Page 21 - Page 22 - Page 23 - Page 24 - Page 25 - Page 26 - Page 27 - Page 28 - Page 29 - Page 30 - Page 31 - Page 32 - Page 33 - Page 34 - Page 35 - Page 36 - Page 37 - Page 38 - Page 39 - Page 40 - Page 41 - Page 42 - Page 43 - Page 44 - Page 45 - Page 46 - Page 47 - Page 48 - Page 49 - Page 50 - Page 51 - Page 52 - Page 53 - Page 54 - Page 55 - Page 56 - Page 57 - Page 58 - Page 59 - Page 60 - Page 61 - Page 62 - Page 63 - Page 64 - Page 65 - Page 66 - Page 67 - Page 68 - Page 69 - Page 70 - Page 71 - Page 72 - Page 73 - Page 74 - Page 75 - Page 76 - Page 77 - Page 78 - Page 79 - Page 80 - Page 81 - Page 82 - Page 83 - Page 84 - Page 85 - Page 86 - Page 87 - Page 88 - Page 89 - Page 90 - Page 91 - Page 92 - Page 93 - Page 94 - Page 95 - Page 96 - Flash version © UniFlip.com |
Page 80
The Dispatch/Maryland Coast Dispatch
September 6, 2013
WELCOME BIKERS
MONEY SENSE
General’s Kitchen
Since 1965
Exposure To Stocks Necessary
OCEAN CITY – In the wake of will be a day when you’ll be very the financial crisis five years ago, sad.” many people understandably shiftAchieving broad diversification ed away from equities. In a “flight to may well require venturing into safety,” they switched to U.S. Trea- areas of the market that are unfamilsury securities and other fixed- iar to you. Industrials and energy, income holdings. Recently, as the for instance, are two sectors largely economy began to show signs of a unknown to most investors. “If you sustained recovery, the stock mar- talk about a big discount retailer, ket rose to fresh highs. But many everyone understands what it is, people remain reluctant to return to what it does and how it makes equities, concerned about taking on money,” she says. “Getting a handle more risk. on companies that make roller bearWaiting on the sidelines can be ings or aircraft engines is more chalrisky, too. In recent months, interest lenging.” rates have risen from their Keeping your portfolio recent lows, and BofA Merwell diversified also means rill Lynch Global Research not abandoning bonds, evnow believes they will conen with their still-low present tinue to rise gradually, alyields. “It pays to have though unevenly. As rising some high-quality fixed inrates hurt bond values, eqcome securities, because uities may well be poised to that will protect you from continue their run. any surprises that might lie There’s more to it than ahead,” says Marty Mauro, that, though. Equities have BRIAN SELZER fixed-income strategist at an essential role to play in most BofA Merrill Lynch Global Research portfolios. “We believe virtually all and co-head of Merrill Lynch Wealth investors need some exposure to Management Investment Strategy. stocks,” says Cheryl Rowan, senior In addition, managing your portU.S. Equity Portfolio strategist at folio risk means revisiting your stratBofA Merrill Lynch Global Research egy frequently – probably at least and co-head of Merrill Lynch Wealth twice a year, and maybe more often. Management Investment Strategy. Doing so can help you make sure “We believe that, historically, there your overall asset allocation, as well is no better asset than equities to as your specific equity and bond build wealth over the long term. The holdings, is still aligned with your inkey is to include them in your portfo- dividual goals. As Rowan observes, lio in a smart, risk-managed way.” “When markets turn volatile, allocaTo Rowan, the principal question tions need to be adjusted. In reviewisn’t whether to buy stocks or even ing your holdings, look at how prices what stocks to own, but rather what in the market may have affected the you want to accomplish, in both the weighting of various assets in your short and long term. That includes portfolio.” factors such as when you’ll need Say, for instance, that you have a money for particular objectives and higher-risk security accounting for 3 your personal risk tolerance. Saving percent of your original portfolio. If it for your middle schooler’s college grows quickly, it could soon make tuition, for example, is different from up as much as 8 percent or 9 peraccumulating assets for retirement cent of your holdings, creating an – even if both are equally important imbalance – and increasing your to you. Because college is coming risk if the security suddenly begins within several years, you may not to lose value. You might consider want to take much risk with those paring back an investment like this, assets, though you still need them selling all or a portion of it when to grow. For that portion, you might prices are relatively high and using consider mature companies with the proceeds to bolster your portfofairly stable earnings that may pro- lio in other ways. vide consistent, if modest, growth. Another reason to review your “They’re not as exciting as some strategy regularly is to confirm that other companies, but that’s not their it’s still lined up with your goals. As job,” Rowan says. “They provide you move closer to specific events, stable revenues and earnings, and you may well want to be more contheir stock prices tend to be less servatively invested. And because variable.” life goals change just as markets And while security is also impor- do, tell your financial advisor about tant for your retirement income, the any significant changes in your situlonger time frame gives you an op- ation or your financial objectives. portunity to push for above-average That way, you can see to it that your returns. You might devote a portion money is always helping you pursue of your stock allocation to more what matters most to you – allowing aggressive, concentrated holdings, you to concentrate on the aspects of keeping the rest of your retirement your financial life that you can conportfolio well balanced and diversi- trol. fied. As Rowan puts it, “When you “One way to do that is to include have your goals clearly stated and stocks of companies that are not you design a portfolio to achieve highly correlated with one another,” those goals, it’s much easier to stay she explains. “You don’t want all of focused.” the stocks or funds in your portfolio – Brian Selzer to be affected by the same economSpecial To The Dispatch ic and market dynamics. When (A Merrill Lynch Wealth Manageeverything is going up together, ment Advisor who can be reached at you’ll be very happy, but then there 410-213-8520.)
The Original House Of Chipped Beef
Open 6:30 a.m. 7 Days A Week
410-723-0477
74th St. & Coastal Hwy. At The Beachmark Motel
House Specialty
The Original House Of Creamed Chipped Beef On Toast Or Biscuit With Hash Brown Potatoes Or Grits
We Make This From Scratch!
OUR OWN RECIPE! Your Hosts,
Voted Best Breakfast In The Washington Post 2005
Golfers Welcome Ride The Bus To Us!
“Best Of Ocean City”
Bob Noll And Law Adkins
RACETRACK AUTO SALES
We Buy Like-New And Used Cars, Trucks, Trailers
WE PAY CASH!
(410) 641-4600
Century
Carpet Cleaning
Living Room, 2 Bedrooms And Hallway
Very Competitive Pricing
•Upholstery Cleaning •Deflooding And Drying •Deodorizing •Repairing •Tile And Grout •Cleaning And Repair
ALL FOR
$7 0
Some Restrictions Apply
SAME-DAY SERVICE
(RADIO DISPATCHED)
410-723-2300
24 HOURS A DAY 7 DAYS A WEEK
OPEN 7 DAYS AT NOON
Tuesday
Taco Night
10 p.m.-Midnight
(Dine-In Only)
$1.25 Crunchy Tacos
(Beef, Chicken, Bean Or Pork)
DRINK SPECIALS LATE NIGHT
MONTEGO BAY SHOPPING CENTER 130TH ST., OCEAN CITY, MD. 410-250-4424 www.octequila.com Reservation For Parties Of 8 Or More
New Shirt Designs Are Here!!
l HAPPY HOUR Fishbow as EVERY DAY 3-6 rit Marga EXCEPT SATURDAY
|