Financial Focus
Avoid being an
opposite day investor
On Jan. 25, some of us celebrate finding other opportunities. While there is a place for these ve-
Opposite Day. Its origins are murky • Selling because prices are low hicles in your portfolio, you won’t
and even its exact date is in some — Just as some investors keep buy- want them to become too domi-
dispute, but Opposite Day has ing when prices are rising, others nant — because you still need to
In the neIghborhood?
proved to be a source of fun for will sell when prices have dropped, invest for growth if you’re going to
many people, especially children, just so they can “cut their losses.” achieve your long-term goals, such Let’s get to know one another.
who choose to eat breakfast at sup- This may be a mistake. If the in- as a comfortable retirement. The
pertime and otherwise do things vestment still plays a role in your amount of growth-oriented invest-
New to the area? Unfamiliar with the Edward Jones
in reverse. However, you may find balanced portfolio, and you believe ments you own will depend on your way of doing business? Take an hour or so to learn
that acting in an “oppositional” its prospects are still good, you risk tolerance and time horizon, but
how we work with millions of individual investors to
manner is not so harmless at other may want to hold on to it despite there’s no point in your life — even
times in your life — such as when its price. Furthermore, if your in- your retirement years — when you
create and implement investment strategies designed
you’re investing. vestment’s decline is due more to won’t need some growth potential.
to help achieve long-term financial
What types of “oppositional” an overall drop in the market than • Failing to diversify — It is im -
goals. We customize our recom-
moves should you avoid? Consider a change in its own fundamen- portant to diversify your dollars
mendations based on our clients’
the following: tals, it may bounce back when the among stocks, bonds, government
• Buying when prices are high — market recovers. Generally speak- securities and other investments.
current situations, objectives and
When the financial markets keep ing, you should sell an investment Even within these broad classes, risk tolerance.
rising, many people continue buy- if your goals or risk tolerance have you should diversify — for example,
ing more shares in the mistaken be- changed, if you need to rebalance you should consider owning stocks
Call today to schedule a no-cost,
lief that “up” is the only direction your portfolio or if the investment representing different industries no-obligation portfolio review.
their investments can go. But while itself has undergone some type of and bonds with a variety of issuers
Edward Jones ranked “Highest in Investor
it may be human nature to want to shift that no longer makes it com- and maturities. While diversifica-
Satisfaction With Full Service Brokerage Firms.”
continue racking up gains, it’s not patible with your needs. tion, by itself, cannot guarantee a
Edward Jones received the highest numerical score among full service brokerage firms in the proprietary
necessarily smart investing. The • Investing too conservatively — profit or protect against loss, it can J.D. Power and Associates 2009 Full Service Investor Satisfaction Study
SM
. Study based on responses
higher an investment has gone, the Given the volatility we’ve seen in help reduce the effects of volatility
from 4,438 investors measuring 21 investment firms and measures opinions of investors who used
full-service investment institutions. Proprietary study results are based on experiences and perceptions
more likely it becomes that it will the last couple of years, it’s prob- on your portfolio. of consumers surveyed in March – April 2009. Your experiences may vary. Visit jdpower.com.
plateau or potentially even drop in ably not too surprising that many Opposite Day comes but once a
value. Of course, an investment may investors have “pulled back” from year. But making “oppositional” Bill Boughton
one day rise again, but for the near the market and put a lot of money investment moves can have long- Financial Advisor
term, its “upside potential” may be in certificates of deposit and other lasting — and potentially harm-
.
61 Weaver Boulevard
limited, so you might do better by fixed-rate, low-return investments. ful — effects. So take the time to
Weaverville, NC 28787
explore your investment decisions
828-645-0341
carefully.
www.edwardjones.com Member SIPC
Concert to support
This article was written by Ed-
ward Jones for use by Bill Bough-
ton, Weaverville’s local Edward
scholarships
Jones Financial Advisor.
“An Evening of Music” benefit concert for the North Buncombe music
scholarship will be presented at 7 pm on Feb. 5 at First Baptist Church in
Weaverville. Guitar, vocal, piano and accordion selections by Pastor Jim
Attention Builders, Developers, Real
McCoy, the Rev. Wendell Brittain and Pastor Hank Jackson with addi-
tional guest performances by previous scholarship winners. A free will of-
fering will be received for 2010 scholarships. The Weaverville Music Study
Estate Professionals, Homeowners
Club is sponsoring the concert. For more information contact Harriet Bur-
nette at 645-5798.
Learn City & County Ordinances, Rules &
Penalties, Mitigation,Principles of Best
All-county band clinic
Management Practices including Healthy Built
Homes & Environmental Issues
The annual Buncombe County Schools All-County Band Clinic
will be held Monday (Feb. 1) and Tuesday (Feb. 2) at North Bun-
MCAD (Mt. Council for Accountable Development)
combe High School. The clinic will feature approximately 200 middle
and high school students, grades 7-12.
Certification Course
Guest conductors for the event are: Michael Robinson, director of
bands at Mars Hill College, who will conduct the high school band; • Tuesday & Wednesday, February 2 & 3
and Arris A. Golden, director of bands at Gravelly Hill Middle School
in Efland, who will conduct the middle school band. Musical selec-
• 8:30 am - 5 pm both days
tions for the clinic include works by Saucedo, Ticheli, Reinke and
• Asheville Board of Realtors, 37 Montford Avenue
Curnow.
The middle and high school bands will perform in concert at 7 pm
• Registration fee $150 includes breakfast & lunch
on Tuesday at the school. The concert is free and open to the public.
To register call 828-275-2422 limited seating
www.weavervilletribune.com
January 28 - February 3, 2010 - THE TRIBUNE 7
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