With the current turbulence in both equity and interest rate markets culminating in a 75 basis points cut from the Fed - it’s important to remember how these changes affect consumers and the lesson this teaches us about sound financial advice. Mortgages, pensions and our investments form a vital part of the financial decisions we make during our life, getting sound advice from a financial advisor can help us make costly mistakes. It’s worth remembering that, like most financial decisions the law of compounding counts - make even a small bad decision i.e. a slightly worse mortgage rate when you choose your mortgage and over time, that small difference adds up. While volatile times are trying for investors, it’s actually not a bad time to take stock of the investments we have, the asset allocation strategy we have and to either appoint a financial advisor or review our relationship with our current financial advisor.
January 2008
19
Psychics
Whether or not you are a firm believer in the paranormal, from time to time we have experiences in our lives which can lead us to believe things are not always as they seem. I still remember a tarot reading I had when I was around 13 which kept haunting me as time and time again things that were discussed in the reading came to pass. Obviously there is nothing to say it was not coincidence - but that experience along with a few dream like premonitions make me err on the side of believing in psychic experiences rather than not. A new website http://www.psychicsdirectory.us has made available a huge directory of psychics working in the USA just in case you want to check them out for yourself.