ABC not as profitable cont... Continued from page 1
total of $465.493.34 for the first quarter. After taking out $34,475.44 for sales taxes, it left $431,017.90 in total sales, which would lower the net prof-
its for the first quarter to about $11,779. A letter was sent to the board
May 3 requesting an explana- tion for the inconsistency in the numbers and a balance sheet for
Financial Focus
Five questions to help with goals
As you strive to achieve your
long-term goals, such as a com- fortable retirement, you may, at times, feel frustrated over events you can’t influence, such as the up-and-down movements of the financial markets. Yet there is much you can control — once you determine the answers to just five key questions. Where am I today? Take stock
of all your assets — your IRA, 401(k) and other savings and in- vestment accounts. Ten, do the same for your debts, such as your mortgage and any other financial obligations. On your financial journey through life, it’s essen- tial that you know your starting point. Where would I like to be? Once
you’ve established where you are today, you’ll need to identify where you’d like to be tomorrow. How much will you need to pay for the retirement lifestyle you’ve envisioned? Will you be able to help pay for your children’s or grandchildren’s college educa- tion? Will you need to support any other family members? At this stage, you’ll want to write down all your goals and put a price tag on each one. Can I get there? After you’ve
identified your goals, determine if they are, in fact, achievable. By considering a variety of factors — including your likely future income stream and your family situation — you should be able to determine if you can attain your goals or if you need to modify them in some way. How do I get there? Now it’s
time to put a strategy into action. Specifically, you need to choose those investments that can help you pursue the goals you’ve se- lected. Your ideal portfolio will depend on your risk tolerance
and time horizon, but in general, you’ll want a diversified mix of quality investments. While diver- sification, by itself, cannot guar- antee a profit or protect against loss, it can help reduce the effects of volatility. As you put together your holdings, make sure you understand what you can expect from your investments. For ex- ample, growth stocks may offer the highest potential returns, but they also carry the greatest risk. On the other hand, investment- grade bonds can offer a steady in- come stream and, barring the de- fault of the issuer, will repay your principal when they mature. How can I stay on track? Once
you’ve built your investment portfolio, you’ll need to review it regularly — at least once a year — to help ensure it’s still meet- ing your needs. After all, many things can and will change in your life, such as your family sit- uation, your goals, your employ- ment and your risk tolerance. To address these changes, you’ll need to adjust your portfolio over time. As you can see, answering all
these questions will take both work and expertise. Tat’s why you may want to work with a professional financial advisor to help you identify your goals and create a strategy for pursuing them. In any case, though, start ask-
ing — and answering — these five key questions as soon as you can. It’s easier to reach your fi- nancial goals if you put time on your side.
Tis article was written by
Edward Jones for use by Bill Boughton, Weaverville’s local Edward Jones Financial Advi- sor.
The Weaverville Tribune
www.weavervilletribune.com
the first quarter. Te request was made in writing after Weaver- ville ABC Board Member Ja- cob Lions asked that all future requests for information be in writing. Te request for additional fi-
nancial information came after a financial expert examined the profit and loss statement by the ABC Board, and it was deter- mined that the financial health of the ABC store could not be determined from the document. ABC Board Chairman Lou
Accornero said that the balance sheet would be forthcoming.
SART dinner Te Guild of the Southern Appa-
lachian Repertory Teatre at Mars Hill College will begin its season with a get-acquainted evening from 5:30- 7:30 pm on Wednesday (May 26) at the Weaverville Milling Company. Hors d’oeuvres and beverages will be served. Members support the SART the-
ater during its season, have social events, assist with opening night re- ceptions, and sponsor benefits to raise funds for the theater. Dues-paying members also serve as ushers at the- ater performances during the summer months. Proceeds from benefits also help fund scholarships for performing arts students at Mars Hill College. Te SART season begins May 27
with “Te Foreigner,” a comedy. For tickets, call the box office at 828-689- 1239. To attend the May 26 event, con-
tact
nareid@yahoo.com or call 231- 6218.
Craft, art festival Gateway Christian Commu-
nity in Woodfin is hosting a crafts & arts festival from 9 am to 4 pm on Saturday (May 22). Local crafters and artisans will sell their homemade items. For more information or directions, go to
gccchurch.org or call 251- 9997.
TAX-FREE
With an Edward Jones Roth IRA, any earnings are tax-free, and distributions can be taken free of penalties or taxes.* You may even benefit from converting a traditional IRA to a Roth IRA.
* Distributions of earnings from a Roth IRA could be subject to taxes and a 10% penalty if the account is less than five years old and the owner is under age 59 1/2.
At Edward Jones, we spend time getting to know your goals so we can help you reach them. To learn more about why an Edward Jones Roth IRA can make sense for you, call or visit your local financial advisor today.
Bill Boughton, AAMS® Financial Advisor
.
61 Weaver Boulevard Weaverville, NC 28787 828-645-0341
www.edwardjones.com Member SIPC
INCOME IS THE BEST GIFT YOU CAN GIVE YOURSELF AT RETIREMENT.
The Weaverville Tribune
ACCIDENTS, INJURIES & WRONGFUL DEATH Car and Truck Wrecks
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