THERE WILL BE A REUNION AT BLACK MOUNTAIN IN RUMFORD ON MARCH 14th. THE NCAA NATIONAL CHAMPIONSHIPS IN NORDIC SKIING ARE AT THE MOUNTAIN THIS YEAR. ATTENDING THE EVENT WILL BE SIX MEMBERS OF THE US TEAM FROM 1952.THE GROUP WENT TO THE OLYMPIC TRIALS THAT YEAR AND CHUMMY BROOMHALL WAS A TWO TIME OLYMPIAN.BROOMHALL LATER GAVE 300 ACRES OF LAND IN RUMFORD TO START A SKI FACILITY. IT LATER BECAME THE BLACK MOUNTAIN SKI AREA.HE AND FIVE OTHERS PLAN ON ATTENDING THE NCAA EVENT LATER THIS MONTH.ASHLEY AMES OF DEXTER HAS BEEN NAMED THE PLAYER OF THE YEAR IN THE SUNRISE CONFERENCE. AMES PLAYS FOR UMAINE FT. KENT AND JUST LEAD HER TEAM TO A THIRD CONFERENCE TITLE IN THE LAST FOUR YEARS. AMES AND UMAINE FT. KENT HEADING THIS WEEKEND TO IOWA TO PLAY IN THE FIRST ROUND OF THE NAIA NATIONAL TOURNAMENT.
Ready to start your own business? Early mistakes can cost you money. Here are some tips recently featured in the Wall Street Journal that could help you get a solid footing. This week and next we will cover the ten questions to ask yourself before you begin your new enterprise. Are you willing and able to bear a financial risk? – Can you go without being paid for a while, or being paid less? You may end up far ahead, but it probably won’t be perfect in the beginning, and that’s a possible understatement. Are you willing to sacrifice your lifestyle for a time, possibly years? – Getting started could mean a lot of hours and evenings or weekends of work. It might not all be meetings, but could be paperwork to catch up on the day’s events. Is your partner on board? If earnings are erratic, it sure helps to have the person who loves you on your team. The WSJ article quoted a business coach who related that men frequently start businesses and don’t even tell their wives…! Do you like all (most) aspects of running a business? You probably have a particular skill, electrical or design, but you will also have to keep some records, market yourself, and have a general business plan. Early on, these jobs will be all yours. Can you make decisions on the “fly” – with no answer key? With this new business, all the decisions are new and made by you. In studies, researchers have found that successful entrepreneurs like decision making. If that’s not your style, this venture could be much harder for you. Don’t miss next week for the next five important tips that may save you money with your business start-up.Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com
It’s unfortunate that he has insufficient assistance through work, but that’s the benefit of having your own advisor as you have someone with whom to consult. But how can you do this on your own Get to the web site of your company plan. You will have a number of allocation choices available. They will range from a money market account, which usually has an interest rate of about 1- 2 %, to mutual funds that feature U.S. stocks, U.S. bonds, and international choices. There may also be “sector funds” which may feature leisure companies, real estate or energy holdings.
I meet with folks who think that there is one rule for figuring out one’s investment allocation. I disagree with that notion. There are several factors that help determine your allocation choices.
What’s a mutual fund
A mutual fund is a portfolio, a mix of stocks aond/or bonds, that help you diversify your investment. Mutual funds allow you to spread your money around to different investments. If you only own stock in Bank of America or General Motors you might experience a significant loss to your investment if these stocks decreased in value. However, in a mutual fund you might hold 50 or even 100 different companies’ stock in just one fund, so if one stock within the fund drops in value it potentially has less of an impact on your total investment. Please note that a mutual fund maylose value and the price of a mutual fund share will fluctuate daily depending upon the performance of the underlying securities held by the fund
Adult Education programs throughout the state provide many inexpensive classes to help you. Adult education focuses on five areas: Literacy, high school completion, college preparation, business training and personal enrichment.
Augusta:Making the Most of Your money
Traditional IRAs, (whether invested in CDs, stocks and bonds or mutual funds) involve PRE-TAX savings that are taxed upon withdrawl. Roth IRAs do not have the pre-tax benefit, however the account will not be taxed when the money is taken at retirement.
Have Realistic Expectations – You are probably not Warren Buffet, meaning you don’t have a giant budget for gifts. So be reasonable in your expectations and don’t put undue pressure on yourself. Just because people ask for new trucks or $300 games for the holidays doesn’t mean anything to your real-life budget. Don’t feel guilty for being prudent!
Ignoring Your gut!
College Savings before retirement-
Beneficiaries are not updated on your HUSBAND’S accounts
You leave Finances to your Husband
Marion R. Syversen, MBA – President
– Get involved in this vital issue. Learn more every year in a way that suits your learning style, seek out info online or at the library. there are many great articles and books out there. Get serious about your financial future, ladies! - Make sure that the appropriate names are on your husband’s life insurance and IRA/ 401(k) accounts. Don’t leave things to others when you have a very dear interest in this issue. NO! You must get your retirement fund under control and it must take precedence over the kids. Please, take care of your future. Who’s going to take care of YOU Is that the way you’d want your daughter to proceed – Sometimes we second guess ourselves too much. Go with your instinct. Trust yourself.
Detailed information on basic to upscale bathroom and kitchen remodeling projects, plus many more improvement project breakdowns are at http://costvalue.remodelingmagazine.com
No shoddy work-
Take a Class
It doesn’t have to cost a lot to really make somechanges. Here are some ideas from my upcoming book that won’t cost alot but that will make a big impact.
Paint-This is an inexpensive change that will radically transform a space forusually less than $50. Scientists have been studying the effect ofcolor on people for years and have found that culture plays a role indetermining individual’s feelings about color. For North Americans blueand green are calming and are used in bedrooms for their soothingaffect. Red and Orange are energetic colors with red stimulatingappetite. As light changes in your room – and in summer leaves are onthe trees and then those same trees are bare in winter – expect shadesof your chosen color to need tweaking. I tried to use the same shade ofbeige in bathrooms directly in line with each other, one upstairs andthen the downstairs room. A maple tree changed the light so much in thedownstairs room the color looked bad and I ended up using a totallydifferent color for the room.
Remember when your mother said,":So would you jump off a bridgejust because everyone was doing it": Don’t let emotions determine yournext steps. Here are some tips to help you survive the market turmoil:
Is Bear Stearns a bank
What Happened at Bear Stearns
Why in this in the news
One reporter explained that Bear Stearns couldn’t fill out the Federal reserve paperwork fast enough to get the loan directly from the Fed and had to call upon JP Morgan Chase for more instant cash. The rumors of the Bear Stearns problem started to cause serious concerns, even a bit of panic. Panic is the enemy of rational markets. Not understanding the extent of potential financial trouble was the reason Bear Stearns was in the news.