VIP Call Girl in Mumbai Central 💧 9920725232 ( Call Me ) Get A New Crush Ever...
HawsGoodwin Investment Process
1. This and/or the accompanying information was prepared by or obtained from sources that Wachovia Securities Financial Network believes to be reliable, but Wachovia Securities Financial Network does not guarantee its accuracy or completeness. Any market prices are only indications of market values and are subject to change. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy. Additional information is available upon request. HawsGoodwin Investment Management and Wachovia Securities are not tax or legal advisors. Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE Investment products and services are offered through Wachovia Securities Financial Network (WSFN). Wachovia Securities is the trade name used by two separate, registered broker-dealers and nonbank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, member NASD/SIPC. HawsGoodwin Investment Management, LLC is a separate entity from WSFN. CAR #1008-101386
2.
3. HawsGoodwin Investment Management You We will work with your other professional advisors, including: 1 Attorneys Responsible for preparing wills, powers of attorney and trust documents, and providing estate planning and tax advice Accountants Responsible for preparing individual and corporate annual tax returns, as well as providing audit specialization and tax planning advice Business insurance professionals Responsible for assisting business owners with insuring their largest single asset, as well as acquiring life, health and disability coverage We will form a strategic relationship with your other advisors Our Team
4.
5.
6. Our Process D esigned to help families protect, maintain, and possibly enhance their lifestyle Wealth Management: Ongoing Process and Discipline Wealth Planning Estate Planning Investment Planning
7.
8.
9.
10.
11. What Is the Most Detrimental Mistake Investors Make? Asset Allocation does not eliminate the risk of fluctuating prices and uncertain returns. Source: AllianceBernstein Investments. 2005 Survey of Financial Advisors on Asset Allocation Not paying enough attention to asset allocation 33% Trying to time the market 31% Having too much money in one investment 16% Buying overvalued investments 8% Other 1% Holding on to investments too long 11%
13. Bad Investment Decisions Can Result from Loss Aversion Loss Gain Pleasure Pain Small Pleasure Big Pain Source: Amos Tversky and Daniel Kahneman, 1992 “Advances in Prospect Theory: Cumulative Representation of Uncertainty” Journal of Risk and Uncertainty
14. Data Frequency Can Distort Our Perceptions Source: Standard & Poor’s 2006 S&P 500 Index Returns Full Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
15. Loss Aversion Can Distort Our Asset Allocations Annual Returns Monthly Returns Frequency of Negative Reports 39% 14% Equity Fund Allocation 41% 70% Investors Receiving Source: Thaler, Tversky, Kahneman and Schwartz, 1997 “The Effect of Myopia and Loss Aversion on Risk-Taking: An Experimental Test” Quarterly Journal of Economics Asset Allocation can not eliminate the risk of fluctuating prices and uncertain returns .
16.
17.
18.
19. What is Correlation? Correlation with the stock market is a measure of the standard deviation of various benchmarks to the Russell 3000, a common measure of the performance of the broad US stock market. Source: Russell Investment Group, Lehman Brothers, Merrill Lynch, MSCI, NAREIT and AllianceBernstein US Growth International US Value Short-Term Bonds REITs No Correlation 0 High Correlation 1.0 1984–2006 US Small-Cap Intermediate-Term Bonds High Yield Cash
20. The Potential Benefit of Low Correlation US Stocks (29.2)% (42.7) (14.2) (17.2) (29.6) (14.7) (13.4) (40.9) (25.2)% 2.2% 4.6 1.5 21.7 2.3 5.2 4.7 36.5 9.8% Dec 68–Jun 70 Jan 73–Sep 74 Jan 77–Feb 78 Dec 80–Jul 82 Sep 87–Nov 87 Jun 90–Oct 90 May 98–Aug 98 Apr 00–Mar 03 Average Source: Center for Research in Securities Prices and Standard & Poor’s US Bonds
21. The Power of Diversification Investment A 50% (26)% 12% Investment B (10) 30 10 Average Year 1 Year 2 Annual Return The solutions discussed may not be suitable for your personal situation, even if it is similar to the example presented, Investors should make their own decisions based on their specific investment objectives and financial circumstances. It should not be assumed that the recommendations made in this situation achieved any of the goals mentioned. This example is hypothetical and does not represent any specific, investments or strategies.
22. The Power of Diversification A B A and B 12% 10 11 Average Annual Return (26)% 30 2 50% (10) 20 Year 2 Year 1 Source: Bernstein The solutions discussed may not be suitable for your personal situation, even if it is similar to the example presented, Investors should make their own decisions based on their specific investment objectives and financial circumstances. It should not be assumed that the recommendations made in this situation achieved any of the goals mentioned. This example is hypothetical and does not represent any specific, investments or strategies. $100 Year 1 Year 2 $111 A $117 B $122 A and B
23.
24. Growth and Value Trade Leadership Historically Source: Russell Investment Group and Alliance Bernstein Value Stocks Growth Stocks Annualized Returns 80 81–88 89–91 92–93 94–99 00–06
25. Trying to “Time” the Style Cycle Is Futile Source: Fama/French and AllianceBernstein Hypothetical Average Annual Return 1970–2006
26.
27. Diversifying with International Stocks Has the Potential to Help Lower Risk 1970−2006 % in International Stocks Source: MSCI, Standard & Poor’s and AllianceBernstein Volatility (%) Investing in foreign securities presents certain risks not associated with domestic investments such as currency fluctuation, political and economic instability, and different accounting standards. This may result in greater share price volatility. Lower Volatility
28. Step 4: Rebalance Buy Underperform Strategic target Outperform Sell As an asset class/style outperforms, trim investment As an asset class/style underperforms, add to investment Our Rebalancing Discipline Helps to Buy Low, Sell High Upper trigger Lower trigger
29.
30. The Potential Benefit of Tax Management Potential Added Return from Tax Management Avoiding short-term gains Delaying long-term gains +0.77% +0.55% +0.22% Total potential added return from tax-savvy investing This illustration is an example of the potential added return from tax management, not actual investment results. Source: AllianceBernstein
31. It’s the Overall Results of a Portfolio that Matter International Stocks Bonds US Style Blend Balanced Wealth Asset Allocation The above is a hypothetical illustration only and is not intended to represent any particular investment. The asset allocation that is right for each individual will vary. Geographic Mix Multiple Levels of Diversification 30% Int'l 70% US 50% Growth 50% Value 50% Growth 50% Value