To: Peter Bourgeois who wrote (545 ) 12/25/1997 12:53:00 AM From: buylowsellhigh Respond to of 7235
Whoa! Jackie might have a hidden agenda by recommending SUF. Read tonights Nightly Business Report commentary: Jonathan Pond On Financial Resolutions For '98 SUZANNE PRATT: In tonight's Money File, financial planner, Jonathan Pond, says it's time to make some financial resolutions for the New Year. JONATHAN POND, COMMENTATOR: The New Year is a mere week away, so it's time for you to start thinking about some New Year's financial resolutions. Let me suggest five resolutions that may keep you out of trouble and help you make some financial progress next year. First, avoid following blindly any investment recommendations made by a financial publication or commentator. Be sure to do some investigation on your own. Why? Because studies have pretty consistently shown that most stocks or funds that are recommended in the press end up underperforming after they're touted. My second suggested resolution is to avoid the temptation to time the market. Again, if you start following the predictions of the Wall Street pundents you're bound to get out of the market too soon, and/or get back in too late. Third, make sure you're insurance coverage is adequate. A single gap in your insurance could be financially devastating. While you're at it, see if you can save some money by reducing or eliminating any insurance coverage that you no longer need. Fourth, help your children become financially savvy. The allowance is a good place to start. I think teaching kids to be financially responsible can actually be a money saver because if we're successful, we won't end up having to support them in our old age. My final financial resolution is to learn about the new tax rules that take affect this coming year. While they contain a plethora of tax saving opportunities, the Roth IRA and the Roth IRA Conversion are particularly advantageous. I'm Jonathan Pond. Nightly Business Report transcripts are available on-line post-broadcast. The program is transcribed by FDCH. Updates may be posted at a later date. I should hope that the First Resolution was read once or twice. My support for SUF still holds at $10.00, for now.