THE VALUE OF
DIVERSIFICATION If recent stock
by Michael Creasman, CFP
market gyrations resemble a roller- coaster ride to you, bear in mind that diversifying
your holdings can smooth things out. For instance, consider three hypothet- ical portfolios—a diversified one of 70% stocks, 25% bonds, and 5% cash; an all-stock portfolio; and an all-cash portfolio. Between January 2008 and February 2009, the all-stock portfo- lio would have tumbled 48.2% while the diversified portfolio would have declined a more modest 33.9%. Te all-cash portfolio would have declined only 0.02%. However, the all-cash portfolio would have missed market advances. Between March 1, 2009 and April 30, 2009, it would have only increased 0.03% while the stock portfolio would have risen 19.2% and the diversified portfolio would have gone up 11.7%. HINT: A diversified portfolio may
not maximize gains in a rising market, but it will limit losses during a decline. An all-cash portfolio may be safe, but it may not even keep up with infla- tion. Where will you invest your money
given the market activity of the past year? At CREASMAN 401(k) PLAN ADVISOR, INC., we are fee-based fi- nancial planners who help our clients understand their options and recom- mend diversified investment sources that fit their individual goals, tolerance for risk, and timeline for needing the funds. Your portfolio can include a mix of products, including IRAs, mu- tual funds, stocks, and bonds. Please call us at 828-253-7231 to schedule a financial consultation. Our services include financial planning, retirement planning, and estate planning. We are located at 1328F Patton Ave.
www.creasmanfp.com
Several workers hammer in new spikes on the tracks near Riverside Drive.
By Matt Tate A section of formerly derelict
lines of railroad in Woodfin and along the French Broad River are in the midst of a transformation. Workers at Craggy Mountain
Line are putting in 2,000 new ties and rehabbing a 3.45 mile section of the railroad to bring it up to fed- eral standards. Rocky Hollifield said once this
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first phase is completed this month, the group will continue to reha- bilitate several cars and construct a depot near Grace Fuel Company on North Woodfin Avenue. He believes that work will begin next
Advertise in the
Weaverville Tribune 252-5804
year. Craggy Mountain Line has spent
the past several years undergoing this project in hopes of one day cre- ating a 7-mile train excursion for passengers to and from the center
of Woodfin to the river. In addition to the work on the
tracks themselves, the group is also clearing away nearby brush. Go to
craggymountainline.com for more information.
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Woodfin
Craggy Mountain Line nears completion of first phase
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