December 2015
The Big Scary Thing
One of the more useful subscription services that I
take advantage of is Dorsey Wright and Associates. It
primarily deals with technical analysis, which is the
art of differentiating between strong areas of the
market and weaker areas. (It is truly an art, not a
science).
They put out a Daily Equity Report which I read every
morning, and earlier this week, in their report they
mentioned an acronym they often use in the office –
BST. Big Scary Thing.
I really enjoyed reading this piece, as it was rather
entertaining. But more important, the author made
the point that there is always a “Big Scary Thing”
hanging around that makes investors nervous. In the
past 4 years, some of the “BST’s” overhanging the
market have been, a Presidential Election, Fiscal Cliff,
government sequestration, Russia invading Ukraine,
Ebola epidemic, the rise of ISIS, and currently, the
prospect of rising interest rates.
And yet, through those 4 years, from the data I’ve
looked at from Reuters, the S&P 500 has risen from
approximately 1275, to its current 2085. What a
great illustration of why it’s so important to ignore
the noise. So I think I’ll rename the noise, and start
referring to it as the current Big Scary Thing.
What we know may not hurt us in the market. It’s
what we don’t know that can hurt us. And we can’t
invest based on what we don’t know. That’s where I
think technical analysis, combined with an individual
investor’s needs (time horizon, target rate of return,
®
Ken Gursky, CFP
President North Shore Wealth Partners
Financial Advisor Raymond James Financial Services
One Hollow Lane - Suite 311
Lake Success, NY 11042
Tel: 516-439-5587 Ext 102
Cell: 917-862-6963
Fax: 516-439-5592
Ken established North Shore Wealth
Partners in 2009, and at that time,
associated with Raymond James Financial
Services. He obtained his B.S. in Accounting
in 1972 from Brooklyn College CUNY, and
became a CERTIFIED FINANCIAL
®
PLANNER Professional in 2007. He lives in
Bayside, NY with his wife Sarina, and has
two grown children, Andrew and Rachel.
Feel free to contact me via e-mail at
Ken.Gursky@NorthShoreWealthPartner
s.com
or visit my Web site
www.northshorewealthpartners.com
etc.) work well together. More about that in the
future.
In other news, I’m writing this on Friday, December
4th, and this coming Monday, my wife, Sarina, and I
will be leaving for the island of Aruba. This will be my
16th year in a row to this Island, and I’ve been going
on and off since our honeymoon in 1976. It was a
very different island back then. But even with all the
development that’s taken place, I still find it so
relaxing. I refer to it as my “Happy Place”
I hope you and your family enjoy the coming Holiday
season to its fullest. Take some down time, to
appreciate the life and the people you’ve been
blessed with. And may you have a happy, healthy,
and prosperous 2016!!!
Regards,
Ken
Any Opinions are those of Ken Gursky and not
necessarily those of RJFS or Raymond James.
Raymond James is not affiliated with Dorsey Wright.
Protecting Your Income with Disability
Insurance
The biggest risk to your future
financial security isn’t the chance
that the stock market will crash or
the possibility your company could
go belly up at a moment’s notice. These risks pale
in comparison to a risk that many people don’t
ever consider: The chance that you could become
disabled and not able to work.
[FULL ARTICLE...Protecting Your Income with Disability
Insurance]
IRA Myths and Facts
IRAs are a valuable retirement
planning tool, but misconceptions
can lead people to not take full
advantage of them. Below we review
some of the common IRA
myths. Myth #1: You invest in an
IRA. This myth is really a matter of
semantics. People often talk about investing in an
IRA, but that’s not quite right. An IRA is a type of
account that receives special tax treatment. Once
you open the account, you choose specific
investments.
[FULL ARTICLE...IRA Myths and Facts]
Raising Financially Responsible
Children
it’s not unusual to have concerns
about the impact money may have
on your children’s lifestyles. Even
beyond basic financial responsibility,
you want to make sure that wealth does not
remove your children’s incentive to work hard, to
pursue a meaningful career, or to care about other
people. How do you help your children obtain
values you’d like them to have?
[FULL ARTICLE...Raising Financially Responsible Children]
Assess Your 401(k) Plan
At least annually; you should
thoroughly review your 401(k) plan.
Some items to consider include:
Have your goals or objectives
changed? Most people use their 401(k) plan to
fund retirement, although it can also be used for
other things. Take time to reassess your goals and
objectives.
[FULL ARTICLE...Assess Your 401(k) Plan]
Handling the Financial Aspects of
Death
The emotional trauma of dealing
with a loved one’s death can be
devastating. If you must also handle
the financial aspects, it can seem
overwhelming to deal with all the details.
Following is a checklist of items to consider…
[FULL ARTICLE...Handling the Financial Aspects of Death]
Changes in tax laws may occur at any time and could have a substantial
impact upon each person's situation. While we are familiar with the tax
provisions of the issues presented herein, as Financial Advisors of
Raymond James Financial Services we are not qualified to render advice
on tax or legal matters.
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
Published by Integrated Concepts 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.