Features

Market Volatility

Updated 1 year ago

The movement of the stock market is affected by large and small events Recently the stockmarket has had some considerable drops and volatility. What causes these changes?1.) International events: debt, political – The first concerns are always the larger issues of international events. Recently the debt of Greece and other nations has caused serious worries about how nations will repay. National debt concerns exist in Spain, England and worries may also spread to encompass the U.S.’s growing debt load. Political risk isalso an investment concern and the recent actions of countries such as Iran, North Korea and the Mideast may have repercussions for our investments.2.) Domestic events: jobs, elections – The second group of factors are the domestic ones. Presently the unemployment numbers, which on June 4th stated much lower than expected private sector hires, have traders trading on that day’s news. What’s your best move? What’s your time horizon? These same general issues are what makes markets move If they only went up there would be no risk You have to determine what’s best for you and your situation. Speak to an advisor. Remain true to your plan.Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group IncRegistered Investment Advisor Member FSIINPRCA Norumbega Financial and Wall StreetFinancial Group Inc are separate entities independently owned and operated.

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Take this Job and Love It – Guidance Counseling

Updated 4 years ago

They are the school employees who fly under the radar. That’s how one guidance counselor from Old Town High School describes his role.But as Sharon Pelletier discovered in this Take this Job and Love it, they also have an impact on everyone at the school.”What you can expect is that it’s always new and always different.”Colleen Fitzgerald should know, she’s been a guidance counselor for 19 years. She had me jump right in, and speak to some Juniors about their futures.”So have you thought of any potential careers or anything?”These two guys seem to have things figured out. Dan Gastia is planning to pursue a career in Law Enforcement, while Cody St. Louis is thinking about computer engineering.Then it was time for them to provide me with a little guidance.”So what else would a guidance counselor ask you? Ask us about our grades, next year.”They informed me that grades are very good, and their senior year schedule is set. Not much for me to offer these students, but then a problem came up when I discovered Cody is a Yankees fan.”This area I know quite a few actually. This school’s pretty much Red Sox fans. No the Clark Family is all Yankees fans, Reed family is all Yankee fans. OK, I’ve got to mediate here.”Actually I don’t think even the most experienced counselor could resolve this dispute. But Cody and Dan agreed to disagree and were on their way.Next I met with two Seniors, just days away from graduation.”So what are your plans for next year? I hope to go to the University of Maine.”Daniella is also an exchange student from Germany who talked with me about the challenges in getting adjusted to life in Maine, but she also says there are many of similarities.”Like the way teenagers are whenever you are in the world. We are all the same.”Actually a lot of what Guidance Counselors do happens behind closed doors, and is kept confidential. Some of it is difficult.Colleen Fitzgerald says, “For me the most difficult part of the job is when we lose a student. If we have a student die, a student who is very sick, a student who is being hurt, those are the most difficult times.”Fellow Counselor Nate Gardner adds, “Sometimes they tell you things in here that are serious but not serious enough that you have to refer it out. But you know it’s having a big impact and you can’t tell everyone exactly who so and so may be struggling.”But counselors are there to listen and hopefully make a difference. Then there are the successes as witnessed in a meeting of the Civil Rights Team.These young role models tackle issues that every school faces, like bullying.”We help the victim and we just help them out and set the bully straight. “We just basically try to create a safe home for people in the school.”And oh yeah, counselors do get to have some fun too. The teens taught me a game they like to play.Then it was time for my performance review. Colleen says, for the first day on the job, I did pretty well.”Don’t you think you’d be a natural at it though. I think I’d love it.”

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Health Watch: Binge Drinking – Short and Long Term Consequences

Updated 4 years ago

By- Dr. David PrescottBinge Drinking and Alcoholism: Most of us are well aware of the risks associated with excessive alcohol use. Over 14 million people abuse alcohol at any given point in time. More than 20,000 people die each year directly from alcohol related health problems, while many more are killed or injured in accidents where alcohol use is a contributing factor.It can be tempting to think of people with alcohol problems as primarily people who drink every day, develop dependence on alcohol, and begin to organize their lives around drinking. However, recent research suggests that binge drinking may be as much of a problem as chronic alcoholism. What is Binge Drinking? Binge drinking is defined as heavy drinking within a limited period of time: 5 or more drinks for males, 4 or more drinks for females. Obviously, drinking this much puts a person over the legal limit of blood alcohol content for intoxication. It well known that alcohol intoxication puts people at high risk for motor vehicle and other accidents that lead to death and serious injury. But, the risks of binge drinking are not limited to accidents. Short Term Problems with Binge Drinking: Short term problems with binge drinking include: • Risk of alcohol poisoning: For some people, binge drinking leads to alcohol poisoning and may cause death. • Impaired Ability to Drive: Recent research suggests that the majority of motor vehicle accidents that involve alcohol are caused by people who binge drink, rather than people who are alcohol dependent (“chronic alcoholics”).• Impaired ability to make good judgments: Not only does binge drinking impair your ability to drive, or do any complex activity, but your own judgment of how well you can perform is impaired when you binge drink. • Pressure to Binge Drink related to Events or Milestones: More and more research suggests that major events, like 21st birthdays, are increasingly associated with expectations that binge drinking will occur. Long Term Problems with Binge Drinking: • Binge Drinking Beginning at Younger Ages: One of the most startling statistics about binge drinking concerns the early ages at which binge drinking first occurs. One in ten sixth graders report at least one episode of binge drinking. One in three high school seniors have consumed 4 or more drinks at one time in the past month. These statistics highlight that problem drinking begins well before the legal age to purchase alcohol. • Increased Risk for Problems In Adulthood: Research suggests that people who binge drink as teenagers are 60% more likely to develop alcohol dependence, 70% more likely to drink heavily as adults, and are twice as likely to have a criminal record. Getting Help for Alcohol Problems: People for whom alcohol has become a significant problem often downplay the role of alcohol in their life. Denial is often viewed as a defining characteristic of alcohol addiction. So, if you try to point out to someone that they have an alcohol problem it is likely that they will disagree with you. Nevertheless, overcoming an alcohol addiction is usually very difficult to manage without help. Some simple tips for getting help include: • Keep in mind the risks associated with binge drinking and alcohol dependence. These include accidents which occur after drinking, short and long term health problems, and difficulties at school or work. • Talk with a mental health professional. A psychologist, social worker, or licensed professional counselor can help look at whether or not alcohol use is a problem in your life, and can help you understand better the factors that contribute to alcohol abuse. • Talk with a doctor or primary care physician. For some people, talking to your family doctor is more comfortable than seeking help from a counselor. Most primary care doctors have basic training in evaluating alcohol related problems, and can help you decide if you need further help. • Alcohol Addiction may be masking other problems. People who abuse alcohol may be trying to cope with an underlying psychiatric problem like depression or an anxiety disorder. Or, getting drunk may be a short term way to cope with family problems or a troubled relationship. Usually however, using alcohol makes it more difficult to sort out the original problem. Talking with a mental health professional can help you find some other ways to cope. Want More Information? American Psychological Association Help Center: www.apahelpcenter.orgSubstance Abuse and Mental Health Services Administration – Center for Substance Abuse Treatment: www.csat.samhsa.gov/faqs.aspx

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Finance is Fun: Tips to Better Credit

Updated 1 year ago

By- Marion SyversonYou need credit to buy a house, car or boat. You even need good credit to get many jobs and for life insurance. What should you do if your credit score is low? Here are some tips.Repair incorrect statements-  The FTC web site includes a sample letter that can be used to correct mistakes on you credit report and the site explains the law about inaccurate statements and your rights under the law.Accurate negative statements- The FTC explains what you can do about ACCURATE negative info in this way: “When negative information in your report is accurate, only the passage of time can assure its removal.” They go on to explain how long it will take for certain types of information to be removed. DIY check-ups- Checking your credit reports regularly is one part of keeping you in charge of your finances. Since this number impacts so many aspects of your life, it’s important to  check all three agencies. You are entitled to one free report per year and you could alternate them so that you get one agency’s report in January, another’s in May and another in October. That way you may more readily spot any changes. The FTC has links to helpful pages such as one called, “Knee Deep in Debt” and “Building a Better Credit Report.” They also have the phone and link for receiving copies of your free credit report from all three reporting agencies at their site. Citations:The Federal Trade Commissionwww.ftc.gov/bcp/edu/pubs/consumer/credit/cre13.shtmDisclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., and all other companies listed herein are separate entities, independently owned and operated.

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Healthy Living

Updated 4 years ago

CHRONIC PAIN MAY NEED A NOVEL THERAPEUTIC APPROACHBy- Dr. Joan Marie PellegriniMany of us probably know someone with chronic pain. If you do, then you may also be familiar with the difficulty in adequately treating pain in these individuals. Acute pain is the immediate pain that we feel as a warning sign to tell us to stop doing something or to tell us that something is wrong. Chronic pain is pain that continues even when the injury has healed and may be referred to as “pathologic pain”. Often this chronic pain is really a neuropathic pain. Neuropathic means that the nerve is disordered and may be sending pain signals when it should not be. One standard approach to pain is to treat with “pain killers”. These drugs are known medically as narcotics. Narcotics work on the neuron to dim the pain signal.Scientists have known for a very long time that nerve cells are surrounded by other cells called “glia”. The glia are support cells that regulate nerve activity. They maintain the chemical environment surrounding neurons by delivering energy, sopping up the neurotransmitters and releasing healing factors. New research is showing that it may the glial cell that is more important in the cause of chronic pain. This is important because narcotics do not treat disorders of the glia. In fact, glia may be responsible for the narcotics losing their effectiveness over time (a phenomenon known as tolerance). The drugs that have an effect on glia are very different. For instance, one drug is a type of antibiotic (minocycline). Marijuana is not a narcotic and acts on receptors in the glia to dim the pain response. This is part of the reason why marijuana is being used to treat some cancer patients with chronic pain. Research is focusing on several new drugs that are very early in the development phase.This new research will have a very important impact. For one, it will be important not to prescribe narcotics for a neuropathic pain if they are not going to be effective. Narcotics can have serious side effects. Also, there will be many patients who have lived with pain who are in dire need of new and better treatments.

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Retirement Survey

Updated 1 year ago

A survey was released recently by the insurance and financial company now called The Hartford. The survey measured those who planned for retirement – call PLANNERS in the survey- and non-planners. As you might expect non- planners aren’t very close in saving for retirement, only 10% of non-planners are confident that they will have enough income. I don’t play sports because I’m not very coordinated, but I have heard that the best way to hit a target Is to look where you intend for the ball – or arrow or whatever- to go. You have to aim for something, you need to PLAN. Many Americans have experienced changes in their retirement savings after the recent recession. Here are some survey results:Are you on track in your savings? Planners 60% Non- planners 39%Do you save more now? Planners 33% Non-planners 22% If we could ‘turn back time’ 26% of all would have saved MORE and 43% of all respondents would have started saving SOONER.65% of all respondents said that their biggest concern in retirement is paying for basic expenses such as food shelter and clothing. Do better today than yesterday, but get a move on!Citation:http://www.hartfordinvestor.com/general_pdf/crossroads_advertorial.pdfMarion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial, Wall Street Financial Group, Inc. and other companies listed herein are separate entities, independently owned and operated.

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Chocolate Trifle

Todd Simcox

Updated 1 year ago

Ingredients:Brownie mix (use cake mix directions) package for 13×9 recipe 2 small boxes white chocolate instant pudding large Cool whip 1 bag Heath candy bars (crushed)2 cups milkDirections:Cook brownies and let cool. Whip 2 cups milk into dry pudding mixes, fold cool whip into mixture. Divide brownies into 3 equal portions Use a trifle bowl. Break brownies into bite size pieces,layer in bowl. Spoon pudding layer to cover brownies, layer crushed candy bars. Repeat 2 more times. This is a nice presentation in trifle bowl. Recipe Submitted by: Lindy Warren 

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Preventing Identity Theft

Updated 1 year ago

Identity theft can involve financial, medical or personal information where another person identifies themselves as you without your permission. Prevention is doing one thing, but it a series of things, or as one expert said it is a strategy.Shredding- Most people know that shredding documents with account or personal information on it is a major component of prevention. Shred all paperwork, checks, statements, old credit cards and medical information before throwing it away.Trash- In many cities, digging though trash has become, according to my research, big business in finding information to steal identities. Credit crad statements, medical information, bank and loan statements, any personal information may be used to steal your identity. Be really careful with trash collection.Be suspicious- I trust folks and am not suspicious by nature. I need you to be vigilant when asked by phone or in an email about personal information. Many banks do a great job teaching customers to be careful when giving out credit card, bank account or any personal information. Be alert for surveys, telephone calls or any person who asks for any of your account information. Do not lend your credit card to anyone. Watch when clerks take your card.One article suggested that a bit of paranoia when dealing with your credit and other personal information would be a great trait to acquire! Citations:http://moneycentral.msn.com/content/banking/financialprivacy/p33715.asphttp://ezinearticles.com/?The-Search-For-the-Best-Way-to-Prevent-Identity-Theft&id=1953594Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated.

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Take this Job and Love It – Hydroseeding

Updated 4 years ago

Lawns are getting nice and green right now, but what happens if yours is just a pile of dirt.That’s when you might want to consider hydroseeding.In this edition of Take this Job and Love It, Sharon Pelletier decided to see what it takes to get the grass to grow, by following the folks at Adams Hydroseeding.

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Healthy Living

Updated 4 years ago

Calcium & Vitamin DCalcium is critical to health through all stages of life. And Vitamin D is critical to maintaining calcium balance.And yet we do not get enough of either…!Calcium Calcium is critical to bone health. Most of us know that. But what other questions might you have?Q: Do our dietary behaviors in adolescence affect such things as osteoporosis in middle and old age? A: Yes. Those behaviors are critical. Adequate calcium intake in adolescence directly influence bone health in later life. Taking calcium through life prevents bone loss in later life. Q: Is calcium important for anything other than “bone health”?Y: Calcium is critical to heart function, nerve transmission, blood clotting, and the function of virtually every cell in the body. Adequate calcium intake may also prevent high blood pressure, prevent colon cancer, and help people diet successfully. This last fact is being increasingly studied in light of our increasing realization that avoiding obesity is critical to overall health.Q: How much calcium do I need?Y: At least 1000 mg/day after age 8. During the critical periods of adolescence and after 50 years old, 1200-1300 mg/day is recommended.Q: Do I need to take pills?A: Not necessarily. Dairy products are an excellent source of calcium – – 8 oz of milk/yogurt or 1.5 oz of cheddar cheese each contain about 300mg of calcium. Other calcium-rich foods include green leafy vegetables, broccoli, fish, almonds, oats, and fortified foods such as orange juice or tofu. If diet doesn’t provide adequate calcium, supplementation is simple. Calcium carbonate is the best: one “extra strength” antacid tablet (Tums or generic) contains 750mg. Or take a multi-vitamin. In both cases, be sure to check the label. % Daily Value is based on 1000 mg/day.Vitamin D We get vitamin D from two sources:(1) through diet or (2) through synthesis in the skin in response to sunlight.Sun exposure is limited by a number of things including skin pigmentation, latitude, sunscreen use, and air pollution. All this make sun exposure an unreliable source of vitamin D. Diet, therefore, is critical. Older children and adults tend to get enough through supplements, but should be aware of the recommended daily intake for all ages: 400 IU/day.Infants are not so lucky. Q: Why is sunlight a particularly poor way for infants to get vitamin D?A: The American Academy of Pediatrics and all other medical societies is clear on the need to avoid sun exposure in infants and children. Sunscreen is uniformly recommended and therefore precludes sun exposure as a means of getting vitamin D.Q: Is there a particular challenge associated with dietary vitamin D in infancy?A: Yes. · Breast milk does not contain vitamin D meaningful amounts· Formula is fortified, but intake must be 34 oz/day to meet requirements, an amount rarely reached in infancy· Baby foods do not provide the needed vitamin D.Q: Are infants and children at particular risk?A: Vitamin D deficiency in infancy and childhood affects bone development. In the most severe cases, it can cause softening and weakening of the bones, impair growth, cause developmental delays, and even result in lethargy or seizures.Q: Is there a solution?A: Yes. Infants need supplementation with vitamin D. This needs to be part of a daily routine and not seen as a “medicine”. Despite recommendations to receive 400 IU/day, physicians continue to not provide this for infants. A recent study (April 2010) showed that in breast fed or combined breast-milk/formula fed infants, less than 15% were receiving the recommended dietary vitamin D. And complete formula fed infants were not much better at less than 35%. Supplementation is not happening!Q: Why don’t physicians supplement infants?A: Studies show that many physicians think vitamin D deficiency only happens to dark skinned infants or that breast milk contains adequate vitamin D or that infant receive enough sunlight. All these suppositions are wrong!Parents: you must ask your infant’s physician about vitamin D supplementation. Adequate vitamin D is essential to healthy bone development and to normal childhood development!For more information about calcium and vitamin D supplementation, consult the American Academy of Pediatrics website: www.aap.org

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Where Does Your Money Go?

Updated 1 year ago

Do you keep track of how and why your money is spent? Many people who have money troubles do not really have a clear picture of how money is spent. Here are some questions to ask yourself: 1.) What interest rate are you paying on debt? What interest rate are you paying on school loans, credit cards, car loans or the mortgage? You need to know these numbers to be connected to your money.2.) How much do you spend on snacks, etc.? I met with a man this week who said ‘it’s amazing how much money get spent on things like coffee and your morning bagel at Starbucks.’ Exactly! How much are you spending per week for snacks, lunch and coffee per week?3.) What’s the first thing you do w/ paycheck? Do you spend as the first action or is money automatically coming out for retirement, emergency savings accounts and maybe a another account for bills? It’s those automatic actions that make savings grow.4.) How do you make purchases?- Do you save for vacations, household appliances and other larger purchases? Do you spend more than you have because a local store is going out of business or having a great sale?5.) How do you feel when you think about $ ? How do you feel when you think about YOUR finances? Do you feel in control? Do you feel hopeless or desperate?Be strong, be a grow-up, understand your money!Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclaimer:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated.

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Healthy Living

Updated 4 years ago

National Drinking Water Safety WeekBy- Dr. Joan PellegriniEvery year the Federal Government, along with organizations such as the Centers for Disease Control (CDC) and the American Water Works Association, kicks off a week-long awareness campaign about our drinking water supply. This week many of us are aware of the issues because of the recent oil spill in the Gulf of Mexico and the water main break in Boston. The motto for this week is “Only tap water delivers”. This motto is intended to highlight the importance of public water supply and safety and the need to reinvest in our water supply infra-structure. Americans have the luxury of a very safe and abundant water supply. However, this does not come without hard work and expense. Some of our infra-structure is aging and will require expensive upgrades and repairs. Very few Americans ever have to worry about turning on their faucet and getting contaminated water or not getting any water at all. That is because our local water companies work diligently to provide a clean and safe water supply. As a consumer, though, we need to do our part to protect our water supply and to support funding initiatives to keep our systems in good repair. We can protect our water supply by respecting our reservoirs and aquifers. This means not polluting around them and obeying the laws about land use around the reservoirs. It also means limiting some activities such as fertilizing, spraying pesticides, dumping near reservoirs, and using gasoline or other types of engines on our reservoirs.Tap water is very safe and often safer than well water. It may even be safer than some bottled water. It has the added benefit in most communities of providing a source of fluoride. Bottled water is generally not recommended because of the impact on the environment from the wasted bottles. It also is far more expensive than tap water. There is no data that bottled water is safer or better for you than tap water in the US or Canada. There also is only minimal data that fluoridated water poses any risks. Certainly, we have seen a decrease in dental decay because of fluoride.Up to 20 percent of New Englanders have a well for their water source. The well water is usually tested when the well is first drilled and again if the house is sold. However, it is recommended that the well water be tested more frequently in order to check for contamination. Below, I have an address for Maine’s website on well water information.Below are some websites for further information:This is a PDF put out by the Federal Government to explain many of the issues that affect our drinking water supply. There are also resources listed for obtaining information on water safety.http://www.epa.gov/ogwdw/wot/pdfs/book_waterontap_full.pdfThis is the Center for Disease Control’s website on drinking water:http://www.cdc.gov/Features/DrinkingWater/Maine also has a website for information on how to get your well water tested and what to do if you think there is a problem with your well:http://www.maine.gov/dhhs/eohp/wells/mewellwater.htm

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Portfolio Theory

Updated 1 year ago

Portfolio theory, which I studied, claims that a very good approach to investments is regular rebalancing of your investment portfolio. Why rebalance – To rebalance is to make the mix of investments back to the 60/ 40% of stocks and bonds, or whatever mix of investments, you and your advisor thought was a good choice for you. Over time different assets ‘classes’ like stocks in large firms or small companies, municipal bonds or government bonds, perform differently. If bonds perform less well than stocks in a given period of time the mix may bein at 60 stocks and 40$ bonds but may become off kilter for you and may be 70 / 30. This new mix of assets may put your investment at a higher risk.Though there are many proponents of rebalancing not everyone agrees that this theory of a great one. ( I don’t know your goals, objectives or risk tolerance, so please see your advisor for a plan that is best for your needs.) Just say no- But the stock market downturn for the last few years made many doubt the wisdom of the rebalancing theory. Professional publications that I read loudly argued the merits of leaving things alone and the article hyperlink included in this story shows some equations that show that portfolios left alone – that go out of balance- perform better. I want you to know that investment theory is evolving. That professionals disagree. Don’t you feel that you must hold a particular view because things are always changing. Citations:Vanguardhttps://institutional.vanguard.com/iip/pdf/ICRRebalancing.pdfRebalancing can be hazardoushttp://seekingalpha.com/article/63576-rebalancing-can-be-hazardous-to-your-portfolioMarion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videoswww.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaDisclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and all other companies listed herein are separate entities, independently owned and operated. Opinions expressed are those of the author and not necessarily those of WSFG. The material has been prepared for informational purposes and is not a solicitation to participate in any trading strategy.

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Katie’s Award-Winning Chocolate Fiddlehead Cakes

Todd Simcox

Updated 1 year ago

Ingredients:2 1/2 C. sifted flour 1/2 C. soft butter 1 3/4 C. sugar 1/2 C. sour milk (add 1tsp lemon juice or vinegar and let set a few min. to sour) 2 C. finely chopped fiddleheads 1/3 C. chocolate chips 1 t. baking soda 2 t. vanilla 1/2 C. applesauce 1/4 C. chopped nuts 2 eggs 4 T. unsweetened cocoa Directions:Mix flour, baking soda and cocoa, set aside. In large bowl place butter, eggs, applesauce, vanilla, sugar and milk. Beat until well blended. Gradually beat in dry ingredients. Stir in fiddleheads and nuts. Fill greased individual cake pans 2/3 full. Bake at 350 degrees for 20 minutes. Cool on wire rack before glazing. You can glaze with 1 C. peanut butter blended with 1/2 C. powdered sugar and enough milk to thin to the consistancy you want. Drizzle over cakes. Recipe submitted by: Kathierine Smith 

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The Psychology of Money

Updated 1 year ago

As a financial advisor and curious woman, I want to know as much as I can about how we think about life but especially money. That has brought me to learn as much as I can about today’s topic: The psychology of money. Money brings out our concerns about love, power, and self-esteem. Let’s talk about some issues that crop up pertaining to money.Fear- I have worked with several folks who worry or are fearful and it shows in the way they handle money. Perhaps they grew up and they were very poor and they never want to be in that desperate situation again. The fear may show itself in hoarding money, overspending or believing they can save enough money to protect them from every potential problem in life. Or maybe it is only in receiving expensive gifts that our worth is duly noted by others.Procrastination- Money can mean a lot more than just greenbacks. It can signify love, acceptance, safety even self-esteem. We don’t always recognize that emotions are intertwined with how we handle money. Perhaps our quirks around money show in irrational ways: we won’t save, we don’t want to discuss money, we avoid the topic completely. We may even think money is evil.A helpful tool is making a Money Tree. Who’s important to you and what is going on with them now and maybe in the past that may be influencing your actions? Is someone very sick right now and your worry or concern is stalling the actions you need to take in your life? Maybe wanting the good opinion of a particular family member is creating discord in your life. Maybe you feel like you have to fix everyone’s financial state because you have been blessed and feel guilty. The thing about money is it isn’t always just about greenbacks. It can be peer pressure, guilt or fear. Having a discussion with a trusted advisor could be just the prescription for you.Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Norumbega Financial and Wall Street Financial Group, Inc., are separate entities, independently owned and operated.

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Spanking: What are the Potential Effects?

Updated 5 years ago

By- Dr. David Prescott – Acadia HospitalThe Controversy Around Spanking: Arguments about the potential benefits and drawbacks of spanking as a means of child discipline have been ongoing for decades. Research shows that a majority of Americans do not oppose spanking as an occasional way of stopping undesirable behavior. And, most people agree that spanking can cross a line to where it constitutes physical abuse. However, answering the question of whether or not spanking truly causes problems in children has proven to be complex and difficult. Recent Research on Negative Effects of Spanking: A soon to be published study conducted at Tulane University examined the impact of spanking 3-year old children, following them until they were 5 years old. Results showed that children who were spanked more frequently at age 3 were more likely to show aggressive behaviors by age 5. The study was unique in that it attempted to sort out the impact of spanking from other potential factors which could cause aggression, such as levels of aggression/violence between parents, neglect by parents, or stress/depression in the mother. When the impact of these other factors was removed, it still appeared that children who were spanked frequently were more likely to be aggressive. Children who were spanked more than twice a month at age 3 were 50% more likely to commit aggressive acts at age 5. Researchers also found that the differences were not accounted for by children’s natural level of aggression. That is, it did not appear that children who were naturally more aggressive were simply more likely to be spanked. Are There Benefits to Spanking? Both research and surveys of parents show that the primary benefit associated with spanking is its immediate effect on undesirable behavior. Spanking is typically highly effective in getting an action to stop right away. The drawback cited by those opposed to spanking is that corporal punishment creates an environment where new learning is unlikely to occur. Stated another way, children who are spanked are typically at such a high level of emotional arousal that they are unlikely to learn more appropriate behaviors. It is only when emotions have calmed that learning “the right thing to do” can occur. What do Professionals Recommend? Most pediatricians and psychologists are in agreement that repeated use of spanking causes more harm than good. The American Academy of Pediatrics takes the following position: The American Academy of Pediatrics strongly opposes striking a child for any reason. If a spanking is spontaneous, parents should later explain calmly why they did it, the specific behavior that provoked it, and how angry they felt. They also might apologize to their child for their loss of control. This usually helps the youngster to understand and accept the spanking, and it models for the child how to remediate a wrong.What to Do Instead of Spanking? Psychologists and other health professionals have developed many techniques to help children learn more appropriate and desirable behaviors without using corporal punishment. Strategies such as using time out, rewarding positive behavior, and teaching non-aggressive ways of coping with anger and frustration have benefitted many parents and children. Many parenting books, as well as the web sites of the American Psychological Association, the American Academy of Pediatrics, and the American Academy of Child and Adolescent Psychiatry, offer guidance on these approaches. For more Information: American Psychological Association: www.apa.org/topicsAmerican Academy of Pediatrics: www.aap.orgAmerican Academy of Child and Adolescent Psychiatry: www.aacap.org

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Five Tips for Insuring Your Life

Updated 1 year ago

I hope no one you love ever dies. It is my special hope that no one you love dies young. But people do die and sometimes the death is especially tragic because the loved one is young and has a family counting on their love and their income.Why have life insurance? When a parent or guardian dies, the family not only looses the love of their parent may loose their lifestyle, too. They may no longer be able to stay in their home, go to the same school, or have a stay-at-home parent or one that only works part-time. Your death alone would be devastating, but to add to that the loss of a child’s whole world would be such a heavy load on their little heart.How much insurance is right? The answer to this question depends on you, your income, the age of your dependents, the income or finances of the household. Would you want to keep the living standards the same, or change them? Do you want to cover college costs? What about the mortgage? Is that covered with another insurance policy? Will the insurance need to cover the cost of a babysitter for several years? Are there other family members for whom you contribute income and who would suffer a financial blow should you die unexpectedly? Some web sites I saw say have 5-10 times your annual salary in insurance, while other sites recommended a more detailed analysis of your needs. What type of insurance? There are several types of life insurance with the two most common being whole and term. Whole life insurance lasts from the time you purchase it until you die- so long as you pay the premiums. It accrues cash value. Term life is purchased for periods of time, such as 10 years or twenty and is often used to cover a particular time in life where more substantial insurance needs occur, such as those of parents while children are dependent. Term life doesn’t not have cash value. There are other types, but these are the two basic.Keep your health and credit score in mind- Your driving record, health history, and even your credit score are all pieces of the underwriting used to determine your cost for any insurance. Think about it, if you drive drunk and smoke like a chimney you may not live as long as your careful, health conscious twin whose rates may be substantially lower than you insurance rates.Company strength- The insurance you choose needs to be payable to your family and from a company whose financial position is strong. Their insurance rates may be different than other companies, but they need to be in business years from now to pay that claim.Everyone dies. Money won’t fix that horrible loss, but is could make life without you much less painful.Citations:Met lifehttp://www.newyorklife.com/nyl/v/index.jsp?vgnextoid=3fcace42249d2210a2b3019d221024301cacRCRDToday- 10 tipsGet rich slowly 14 tipshttp://www.getrichslowly.org/blog/2009/04/28/14-tips-for-purchasing-life-insurance/ Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Disclosure:Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Health and other non-variable insurance products are not offered throughWSFG. Information should not be construed as legal or tax advice: you should consult with an attorney or tax advisor. Norumbega Financial and WSFG are separate entities, independently owned and operated.

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Take this Ice Cream and Make It

Updated 5 years ago

It’s a successful family business that’s been around for decades.Gifford’s serves up their famous ice cream in more than 60 different flavors.All of it, about ten thousand gallons a day, gets produced at their plant in Skowhegan.In this edition of Take this Job and Love It, Sharon Pelletier decided to see if she could get the scoop behind ice cream making.

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Healthy Living

Updated 5 years ago

Keeping your Facts – and Fats – StraightBy- Dr. Amy MoviusMost of us know that a healthy diet is rich in fruits, vegetables, whole grains, and fiber – and low in fat. In fact, it is recommended that fats make up no more than 25-35% of our daily calories. Keep in mind that fat contains more than twice the calories, gram for gram, than carbohydrate or protein. Then there is consideration of the type of fat in question: trans fats, saturated fats, unsaturated fats, hydrogenated fats, omega 3 fatty acids?? It can certainly be confusing, but the particulars are worth getting to know as the differences can have a huge impact on your health.Saturated Fats (Bad Fats)Saturated fats are perhaps the easiest to understand, since these are fats that come from animals – think meat and dairy. Saturated fats contain cholesterol. There are a few plant sources such as coconut and palm oil.Unsaturated Fats (Good Fats)Unsaturated fats come in two varieties, polyunsaturated and monounsaturated. These fats are found in fish, nuts, seeds, and oils from plants. These fats may help to reduce cholesterol, especially when used in place of their saturated counterpart. Omega 3 is a type of polyunsaturated fat.Trans Fats/Hydrogenated Fats (Good Fats gone BAD!)Hydrogenation is a process, used on unsaturated fats (good fats), that produces hydrogenated or trans fats (very bad fats). Hydrogenation produces products such as margarine, shortening, and cooking oils (partially hydrogenated and hydrogenated vegetable oils). Trans fats are insidious in our diets: they sneak their way into many baked goods as well as fried foods. In a large study of women, the most common sources of trans fat were margarine, beef/pork/lamb as main meal, cookies, and white bread. Though they do not contain cholesterol, they still cause bad cholesterol to rise, maybe even more than the cholesterol-containing saturated fats. To add insult to injury, they may also decrease good cholesterol. It is recommended that trans fat constitute no more than 1% of our diet. Since 2006, trans fat content must be listed on nutrition labels. This can be enormously helpful when shopping: my family discovered a formerly beloved pancake mix contained trans fat. Eating out can still be perilous, however, as there is no labeling requirement at this time. Hydrogenated vegetable oil is typically used for commercially fried foods. Keep in mind these products can still be labeled as “cholesterol free’ and “cooked in vegetable oil”. One order of fast food French fries easily exceeds the daily recommended intake of trans fats by several times!Now that you know the skinny on different fats, use the following American Heart Association guidelines to keep your family eating and feeling well.1. Use naturally occurring, unhydrogenated vegetable oils such as canola, safflower, sunflower or olive. 2. Avoid saturated fat in your diet. Limit total fat to between 25 and 35% of calories, mostly from unsaturated sources (fish, nuts, seeds, vegetable oils)3. Read labels and select processed foods made with unhydrogenated oil rather than partially hydrogenated or hydrogenated oils, or saturated fats.4. Use soft margarine instead of butter and choose liquid or tub varieties over harder stick forms. Look for “0g trans fat” on label.5. Don’t eat fried or baked goods often as they tend to be high in trans fat. French fries, doughnuts, cookies, cracker, muffins, pies and cakes are examples.6. Limit commercially fried foods and baked goods as they are usually very high in fat in general, and it is often hydrogenated or trans fat.7. Avoid fried fast food. They are usually cooked in hydrogenated products and are very high in trans fat.8. Use fat-free and low-fat dairy products.Again, a diet rich in fruits, vegetables, whole grain and high–fiber foods is also recommended. The American Heart Associated has a lot more great information on keeping you and your family healthy at www.americanheart.org.

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Setting Financial Goals

Updated 1 year ago

So you’ve got a budget and you’re chugging along. Now you realize that you don’t have a way to make future dreams and goals come true. You need to set financial goals! Here’s how (and I’ve included web sites that have some worksheets that you may find helpful).Include everyone- Include your beloved and the kids if applicable in making this financial map for your future. The more money is spoken about out loud, the better for your family’s health.Make short and long-term goals- Goals can include things as close as this month all the way out to well into retirement. The further out you plan, perhaps the more loose you may want to keep the plan.What’s the cost?- Now that you have decided what you’d like to accomplish, what is the cost of this most excellent dream? Write it down, and investigate less expensive and more creative methods of financing the dream.Break it down- How much will you need to actually save to reach the goal? If you initial plan was not realistic because you can’t save that much that fast, take it back a notch or trim some of the vision. OR, get a part-time job. You no have the tools to make life decisions because you can weigh what you want and what lifestyle you are willing to live with to get to that goal.Goals change- Recognize that life is full of surprises. You will mature and your goals may change. That’s okay. Help the family realize that when you begin this planning process. Save!- Start saving and figure out how to track your success. Citations:University of TN Extension worksheethttp://www.utextension.utk.edu/publications/pbfiles/pb1454.pdfRutgers worksheet:http://njaes.rutgers.edu/money/pdfs/goalsettingworksheet.pdfConsumer Counseling Credit of DVhttp://www.cccsdv.org/resources/setting-financial-goals Marion R. Syversen, MBA – PresidentNorumbegaFinancial207.862.2952Marion@NorumbegaFinancial.com Check out our website that includes weekly streaming videosWWW.NorumbegaFinancial.com Voted Bangor’s Best Financial Planning Firm 2009 by Market Surveys of AmericaIn compliance with requirements from FINRA, all e-mail sent via the WSFG domain will be subject to review and archiving by Wall Street Financial Group, Inc. Email management, archiving & monitoring technology powered by Smarsh, Inc. Only securities and advisory services offered through Wall Street Financial Group, Inc. Registered Investment Advisor. Member FINRA/SIPC. Wall Street Financial Group, Inc., Norumbega Financial and all other companies with websites listed herein are separate entities, independently owned and operated.

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