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Weekly Commentary – September 19, 2010

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, Investing Advice, Kennesaw financial planner, Phil Calandra, safe money on September 21, 2011 | Leave a Comment »

Eyes on Europe and the Fed

U.S. stocks posted solid performance Friday to wrap up a five-day winning streak for the first time since July. The Dow and the S&P 500 were each up around 5% for the week, while the NASDAQ climbed 6.3% for the week. The five-day move was the best we’ve seen in two years.[1]

Stocks rallied Thursday after the European Central Bank announced a coordinated action with other central banks and the U.S. Federal Reserve to offer banks easier access to dollar loans. That move, combined with comments from French and German leaders expressing confidence in Greece’s place in the euro-zone, helped propel the market’s performance last week.[2] It is likely that comments from European leaders and bankers will continue to drive investor sentiment as the debt crises in Europe continues.

It is against the backdrop of European woes and a softening U.S. economy that the Fed will hold its policy-setting meeting Tuesday and Wednesday. The Federal Open Market Committee expanded its meeting from one to two days, which some investors have taken as a signal that action will be taken, though what that action will be is not clear.

One suggestion is that the Fed will try to pump money into the economy by purchasing bonds through a third round of quantitative easing, known as QE3. But this modified version of QE3, coined Operation Twist, would involve trying to boost lending by swapping out short-term bonds with long-term ones. The intended outcome of this swap would be to lower long-term interest rates without increasing the size of the Fed’s balance sheet.[3] At this point though, we can only speculate about what the Fed will do.

In the week ahead, eyes will be focused on Europe and the Federal Reserve as they work to keep money flowing around the world.

ECONOMIC CALENDAR:

Monday – Housing Market Index

Tuesday – Housing Starts, FOMC Meeting Announcement

Wednesday – Existing Home Sales, EIA Petroleum Status Report

Thursday – Jobless Claims

Data as of 09/16/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	5.35	-3.31	8.12	-1.57	1.13
Dow	4.70	-0.59	8.63	-0.09	1.98
NASDAQ	6.25	-1.15	13.9	3.46	5.47
MSCI EAFE	4.41	-10.9	-2.81	-2.50	2.98
10-year Treasury Note (Yield Only)	1.91	N/A	2.76	4.80	4.84

Notes: All index returns exclude reinvested dividends, and the 5-year and 10-year returns are annualized.
Sources: Yahoo! Finance, MSCI Barra. Past performance is no guarantee of future results.
Indices are unmanaged and cannot be invested into directly. N/A means not available.

HEADLINES:

President Barack Obama said on Saturday that Americans need to be ready to “pay their fair share” to narrow the deficit, previewing his proposals to Congress that are expected to include more taxes on the rich. On Monday, the President will call for a new minimum tax rate for individuals making more than $1 million a year to ensure that they pay at least the same percentage of their earnings as middle-income taxpayers, according to administration officials.[4]

Wall Street was cordoned off for a second consecutive day Sunday as about 300 to 400 people remained near Chase Manhattan Plaza for a protest dubbed “Occupy Wall Street.” A smaller group, followed by a column of police motorcycles, marched uptown on Broadway as people beat drums, strummed guitars, and held up signs reading “end corporate welfare” and “we are too big to fail.”[5]

With Europe’s credit and banking crisis seeming to get worse by the day, there are now several reports that Brazil – as well as Russia, India, and China – may look to buy up a portion of sovereign debt from troubled European nations. The creation of a so-called euro bond, which would act as a common debt instrument much like the euro now acts as a unified currency, has been mentioned by many economists and financial experts as a possible way to help end the crisis.[6]

QUOTE OF THE WEEK:

There isn’t a person anywhere who isn’t capable of doing more than he thinks he can. –Henry Ford
RECIPE OF THE WEEK:

Frozen Crème Brulee

From: Vegetarian Times

These simple crèmes are made of vanilla ice cream topped with a brulee of soft caramel.

Ingredients:

2 cups vanilla ice cream, slightly softened

2/3 cup granulated sugar

1/4 cup evaporated milk

Fresh berries or mint sprigs for garnish, if desired

Directions:

1) Spread 1/2 cup ice cream into 4 oval crème brulee ramekins. Freeze until firm.

2) Meanwhile, combine sugar and 1/3 cup water in saucepan, and bring to a boil over medium-high heat, stirring to make sure sugar dissolves. Using pastry brush dipped in water, wipe down inner sides of saucepan to dissolve any sugar crystals that cling. Cook mixture about 10 minutes, or until it begins to caramelize (swirl pot to brown evenly). Cook 1 to 2 minutes more or until caramel is medium-brown. Remove from heat, and stir in 2 tablespoons water. Let cool 3 minutes, stirring occasionally. Stir in evaporated milk. Cool completely.

3) Spread thin layer of cooled caramel over ice cream in ramekins. Return to freezer until ready to serve. Garnish with fresh berries or mint sprig, if desired.

GOLF TIP OF THE WEEK:

Short Game Swing

It is better to think long, slow, and smooth for the short game. Precision is important around the green, so there isn’t much margin for error. It’s vital that you maintain a steady, smooth rhythm and tempo for every short shot you hit. Forcing yourself to make a short swing because you have to move the ball a short distance throws off your timing.

Instead, try counting through each short shot you hit: “One, two, three.” Count “one” as you start the club away from the ball, “two” when you reach the top of the swing, and “three” as you swing through. From 40-yard pitch shots to delicate chips off the apron, maintain this same count. If you do, you’ll find it much easier to make consistent contact.

HEALTH TIP OF THE WEEK:

Tea Off in the Morning

Hot tea can slash your risk of kidney cancer by 15 %, according to a review in the International Journal of Cancer.

GREEN TIP OF THE WEEK:

Use Cloth Grocery Bags

Paper or plastic? Paper is better, but cloth is even better than that. Try buying a few cloth grocery bags and take them with you to the grocery store. Some stores will even give you a discount for using reusable bags. If expense is an issue, just buy 1-2 at a time, until you eventually are using all cloth bags.

If you would like to opt-out of future emails, please reply to this email with UNSUBSCRIBE in the subject line.

Investment advisory services offered by Calandra Wealth Management, LLC – A Georgia Registered Investment Advisor.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the NASDAQ. The DJIA was invented by Charles Dow back in 1896.

The MSCI EAFE Index was created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia and Southeast Asia.

The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

Fixed income investments are subject to various risks including changes in interest rates, credit quality, inflation risk, market valuations, prepayments, corporate events, tax ramifications and other factors.

These are the views of Platinum Advisor Marketing Strategies, LLC, and not necessarily those of the named representative or named Broker dealer, and should not be construed as investment advice. Neither the named representative nor the named Broker dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. Please consult your financial advisor for further information.

By clicking on these links, you will leave our server as they are located on another server. We have not independently verified the information available through this link. The link is provided to you as a matter of interest. Please click on the links below to leave and proceed to the selected site.

[1] http://money.cnn.com/2011/09/18/markets/stocks_lookahead/index.htm

[2] http://www.marketwatch.com/story/us-stock-indexes-rise-for-fifth-day-2011-09-16?dist=markets

[3] http://pragcap.com/operation-twist-qe3-style

[4] http://www.msnbc.msn.com/id/44563075/ns/politics-the_new_york_times/t/obama-tax-plan-demand-more-millionaires

[5] http://www.bloomberg.com/news/2011-09-18/wall-street-occupied-by-a-few-hundred-people-as-protesters-ranks-dwindle.html

[6] http://money.cnn.com/2011/09/14/markets/thebuzz/index.htm?iid=SF_E_River

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Market Commentary – July 11, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, financial advisor, Investing Advice, Kennesaw financial planner, Money Advice, Phil Calandra, Wealth Management on July 12, 2011 | Leave a Comment »

THE MARKETS:

Three things were on the minds of investors last week – jobs, jobs, and jobs.

U.S. Stocks posted broad losses on Friday as investors digested a disappointing June jobs report that showed hiring virtually stalled last month.[i] The Labor Department’s report showed the U.S. economy created only 18,000 jobs, a fraction of the 120,000 that economists predicted.[ii] At the same time, the unemployment rate rose to 9.2% from 9.1%, rather than declining as hoped.[iii]

Interestingly, the government’s employment report came as a sharp contrast to two better-than-expected reports released Thursday on the job market, which helped U.S. stocks rise sharply. Payroll processing company ADP said private jobs grew rapidly in June – a figure that was much higher than anticipated and more than four times higher than May’s numbers.[iv] (ADP measures only private jobs, while the Bureau of Labor Statistics measures both private and public sector jobs.)

So on Thursday, positive jobs reports were good for stocks, while on Friday, negative jobs reports were bad for stocks. Why is everyone so focused on the nation’s employment picture? Put simply, the U.S. is a consumption economy. When Americans spend money on things like cars, clothes, and eating out, our economy grows. When people don’t have gainful employment, they spend less, companies earn less, and slower economic growth ensues. For these reasons and more, the jobs picture commonly affects stock market performance.

In the weeks ahead, investors will shift their focus to the health of Corporate America as companies start reporting earnings for the second quarter. Many expect that strong earnings and outlooks will help compensate for weak jobs data, and will reinforce that the recovery is still progressing.

ECONOMIC CALENDAR: Tuesday – International Trade, FOMC Minutes Wednesday –Import and Export Prices, Ben Bernanke Speaks, EIA Petroleum Status Report, Treasury Budget
Thursday – Producer Price Index, Retail Sales, Jobless Claims, Business Inventories Friday – Consumer Price Index, Empire State Mfg Survey, Industrial Production, Consumer Sentiment

Data as of 07/08/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	0.31	6.85	25.6	1.24	1.29
Dow	0.59	9.33	24.8	2.82	2.35
NASDAQ	1.55	7.80	31.5	6.85	4.27
MSCI EAFE	-1.60	4.76	23.1	1.15	3.46
10-year Treasury Note (Yield Only)	3.20	NA	3.02	5.13	5.37

HEADLINES:

Betty Ford, the former first lady whose triumph over drug and alcohol addiction became a beacon of hope for addicts and the inspiration for her Betty Ford Center in California, died at age 93 on Friday. Her death was confirmed to The Associated Press by Marty Allen, chairman emeritus of the Ford Foundation. The former first lady died at the Eisenhower Medical Center in Rancho Mirage. Other details of her death were not immediately available.[v]

The last shuttle thundered into orbit Friday on a cargo run that will close out three decades of both triumph and tragedy for NASA and usher in a period of uncertainty for America’s space program.[vi]

South Sudan became the world’s newest country Saturday with a raucous street celebration at midnight. South Sudanese citizens, international dignitaries and the world’s newest president are convening in the new country capital of Juba to celebrate the birth of a nation.[vii]

European Union President Herman Van Rompuy has called a meeting of top EU policy makers Monday to discuss plans for a second bailout package for Greece, EU officials said on Sunday. The gathering comes as Europe continues to struggle with a contentious issue: whether and how Greece’s private-sector creditors should share the burden when the anticipated second aid package is doled out to the debt-burdened country.[viii]

QUOTE OF THE WEEK:

“This is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” – Winston Churchill
RECIPE OF THE WEEK:

Roasted Sweet Corn with Coconut

From Parents Magazine
A quick and easy way to prepare a popular summer vegetable.

Ingredients:
Nonstick cooking spray
5 ears corn, kernels removed (2-1/2 cups)
1 Tbs. extra-virgin olive oil
1 Tbs. minced jalapeno pepper, seeded if desired (optional)
2 Tbs. chopped fresh cilantro
2 Tbs. flaked or shredded coconut, preferably unsweetened
4 tsp. lime juice
1/8 tsp. salt

Directions:
1) Preheat oven to 400 degree F. Coat a 15x10x1-inch baking pan with cooking spray; set aside.
2) Mix corn with olive oil and jalapeno, if using, in a medium bowl. Spread the corn mixture out evenly in the prepared pan. Roast corn, stirring once, until browned slightly and crisp tender, 10 to 15 minutes.
3) Scrape the corn mixture back into the bowl and mix in cilantro, coconut, lime juice, and salt. Serve warm.

GOLF TIP OF THE WEEK:

Keep Your Chin Up

If your chin is down when you swing, you will lose power and rotation. You should keep your chin well off your chest so your shoulder has plenty of room to turn under your chin during the backswing. One of the causes for this problem is standing too close to the ball. When you are standing too close, it causes you to lower your chin to see the ball at address. If you notice that your shoulder is coming close to your chin when you swing, it may be a good idea to step back a bit.

If you would like to opt-out of future emails, please reply to this email with UNSUBSCRIBE in the subject line.

Investment advisory services offered by Calandra Wealth Management, LLC – A Georgia Registered Investment Advisor.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.bls.gov/news.release/pdf/empsit.pdf

[ii] http://money.cnn.com/2011/07/08/markets/markets_newyork/index.htm?iid=A_MKT_News

[iii] http://www.bls.gov/news.release/empsit.nr0.htm

[iv] http://money.cnn.com/2011/07/07/news/economy/jobs_claims_ADP/index.htm?iid=EL

[v] http://news.yahoo.com/former-first-lady-betty-ford-dies-93-012148379.html

[vi] http://news.yahoo.com/shuttle-lifts-off-last-time-light-fire-164311611.html

[vii] http://news.yahoo.com/south-sudan-becomes-worlds-newest-nation-210254919.html

[viii] http://online.wsj.com/article/SB10001424052702304584404576437901003555530.html

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Weekly Commentary – June 6, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, find a financial advisor in atlanta, income for life, income planning, Kennesaw financial planner, safe money, Wealth Management on June 7, 2011 | Leave a Comment »

THE MARKETS:

U.S. Stocks fell for the fifth straight week after disappointing reports on jobs and manufacturing fueled concerns that economic growth is slowing. The S&P 500 slid 2.3% to 1,300, its lowest level since March, while the Dow fell 290.32 points, or 2.3%, to 12,151.[1] Should this be cause for alarm? This week, we would like to share what some industry insiders have recently said about the matter.

“Our view is that we’re clearly seeing a slowdown, but you’d need a shock to the system to see things get much worse from here. There’s little room for error, but there are reasons to expect growth, and we don’t see a whole heck of a lot more downside.”[2]
- Andrew Goldberg, market strategist at J.P. Morgan Funds in New York

“We don’t see material downside from here. A five percent correction is appropriate for the slowdown we’re experiencing, and over the intermediate term, our expectation is that we’ll regain some momentum.”[3]
- Jim McDonald, chief investment strategist at Northern Trust Global Investments

“Investors should be looking for buying opportunities. The economy is not as bad as it looks right now.[4]
- Byron Wien, vice chairman of Blackstone Advisory Partners

From experience we know that the “experts” aren’t always right. In this case, we agree things are not as bad as some of the headlines make them out to be. The recovery is progressing slower than we would like, but it is still progressing. Until employers start persistently hiring again, the housing market gets straightened out, and Washington figures out what to do about the deficit, the recovery is going to ebb and flow.

The events that ultimately led up to the so-called Great Recession took years, even decades to unfold. In a similar way, the economy will take years to recover, not weeks or months. It is good to keep this fact in mind when we pick up the newspaper, turn on the television, or visit our favorite news website.

As always, we are vigilantly monitoring the situation and pledge to keep you informed about key issues. If you have any questions or concerns about how recent events could affect your financial future, please don’t hesitate to reach out to us. It is our pleasure to serve you!

ECONOMIC CALENDAR:
Monday: Ben Bernanke Speaks
Tuesday: Consumer Credit
Wednesday: EIA Petroleum Status Report, Beige Book
Thursday: International Trade, Jobless Claims
Friday: Import and Export Prices, Treasury Budget

Data as of 06/03/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-2.32	-3.38	17.9	0.19	0.31
Dow	-2.33	4.96	18.5	1.61	1.06
NASDAQ	-2.29	3.01	18.6	4.63	2.71
MSCI EAFE	0.21	4.65	25.6	0.22	2.64
10-year Treasury Note (Yield Only)	3.06	NA	3.38	4.99	5.35

HEADLINES:

Greece has agreed to speed its sale of state-owned property and cut billions of dollars more from its budget to satisfy requirements for promised loans from the International Monetary Fund and other European countries.[5]

The president of Toyota Motors said on Saturday he expects the automaker to resume full production globally in November and its Japanese output is expected this month to recover to 90% of levels seen before the March earthquake.[6]

Two bottles of the world’s oldest Champagne, which spent about 170 years at the bottom of the ocean, sold for 54,000 euros ($78,400) at an auction in Finland today.[7]

The computer phishing attack that Google says originated in China was directed, somewhat indiscriminately, at an unknown number of White House staff officials, setting off the Federal Bureau of Investigation inquiry that began this week, according to several administration officials.[8]

QUOTE OF THE WEEK:

“Intellectual growth should commence at birth and cease only at death.” – Albert Einstein
RECIPE OF THE WEEK:

Hickory Nut Macaroons

From: Better Homes and Gardens

Servings: 36 cookies

Total: 30 minutes

Ingredients:

4 egg whites

4 cups sifted powdered sugar

2 cups chopped hickory nuts, black walnuts, or toasted pecans

Directions:

1. In a large mixing bowl beat egg whites with an electric mixer on high speed until stiff, but not dry, peaks form. Gradually add powdered sugar, about 1/4 cup at a time, beating at medium speed just until combined. Then beat 1 to 2 minutes more or until well combined. Fold in the nuts by hand.

2. Drop mixture by rounded teaspoons 2 inches apart onto parchment-lined or foil-lined cookie sheets (grease foil).

3. Bake in a 325 degree F oven about 15 minutes or until edges are very light brown.* Transfer cookies to wire racks and let cool. Store in a tightly covered container at room temperature for up to 3 days or in the freezer for up to 3 months.

Note: It is normal for these cookies to split around the edges as they bake.

GOLF TIP OF THE WEEK:

Hitting From a Bald Spot

Lies without much grass under the ball can be a problem, but there are specific things you can do to increase your chances of nailing your shot.

To guard against hitting fat, place your weight on your front hip and stand closer to the ball so your club shaft is more vertical and your club head is on its toe. This will reduce the bounce of the club, and decrease your chance of snagging your club head because less of its surface is exposed to the ground. Your upright posture also causes you to raise your hands at address, protecting your wrists from over cocking. Since the heel of your club is slightly off the ground, position the ball toward the toe of your club where you need to make contact. A slightly off-center hit produces a much softer shot that will allow for a full swing.

If you would like to opt-out of future emails, please reply to this email with UNSUBSCRIBE in the subject line.

Investment advisory services offered through Calandra Wealth Management, LLC – A Georgia Registered Investment Advisor.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] http://www.bloomberg.com/news/2011-06-04/dow-falls-in-longest-slump-since-2004-amid-concern-about-economy.html

[2] http://www.reuters.com/article/2011/06/03/markets-stocks-idUSN0317002220110603

[3] http://www.reuters.com/article/2011/06/03/markets-stocks-idUSN0317002220110603

[4] http://www.bloomberg.com/news/2011-06-04/dow-falls-in-longest-slump-since-2004-amid-concern-about-economy.html

[5] http://www.washingtonpost.com/business/economy/greek-european-officials-agree-on-additional-cuts/2011/06/03/AG1BXKIH_story.html

[6] http://www.reuters.com/article/2011/06/04/us-toyota-president-idUSTRE7530PF20110604

[7] http://www.bloomberg.com/news/2011-06-02/world-s-oldest-champagne-from-shipwreck-may-sell-for-145-million-a-bottle.html

[8] http://www.nytimes.com/2011/06/04/technology/04hack.html

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Market Commentary – May 30, 2011

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, financial advisor, find a financial advisor in atlanta, income planning, investing, Kennesaw financial planner, Money Advice, Phil Calandra, retirement, Wealth Management on June 1, 2011 | Leave a Comment »

THE MARKETS:

Have you ever been through a period of recovery in your life? Perhaps you received an injury of some sort and needed time to heal. While recovering, we don’t usually function at our peak level do we? We might experience a measure of discomfort or decreased mobility for a time. We may have good days and bad days. This aptly illustrates what our economy is going through.

From late 2007 to mid 2009, we sustained a serious injury. Since that time official data shows that we are recovering, but it doesn’t always feel like we are. Disruptions from the Japanese earthquake and tsunami have had a direct impact on manufacturing and the auto industry in particular. The spike in oil and gasoline prices has affected consumer and business spending. More recently, European sovereign debt woes and a batch of soft economic reports have created tension for stock markets. What does this all mean? It means we are not functioning at our peak level because we’re going through a period of healing. Until we are fully recovered, we are going to experience ups and downs.

We’ve come far, relatively fast – especially in the stock market. With the Dow up some 22% in the last 12 months[i], we must reasonably acknowledge that such rapid growth is not sustainable. We may have to go lower before we go higher. Since the markets began to rise in March 2009, we have seen a number of 5-7 % pullbacks[ii] and we may see more of them in the future.

To use another analogy, if you’re on a bumpy plane ride, you don’t strap on a parachute and jump out the door at the first sign of turbulence; you simply buckle your seatbelt and try to relax. That is precisely what we are encouraging you to do. In our opinion, now is not the time to give up on our expectations for a full recovery.

ECONOMIC CALENDAR:
Monday: US Holiday – Memorial Day
Tuesday: Chicago PMI, Consumer Confidence, S&P Case-Shiller Home Price Index
Wednesday: Motor Vehicle Sales, ADP Employment Report, ISM Manufacturing Index, Construction Spending
Thursday: Monster Employment Index, Jobless Claims, Productivity and Costs, Factory Orders
Friday: Employment Situation, ISM Non-Manufacturing Index

Data as of 05/27/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.16	5.84	20.7	0.80	0.42
Dow	-0.56	7.46	21.3	2.06	1.31
NASDAQ	-0.23	5.43	22.8	5.31	2.42
MSCI EAFE	0.53	4.43	24.6	0.34	2.39
10-year Treasury Note (Yield Only)	3.15	NA	3.34	5.05	5.49

HEADLINES:

Gas prices have come down in May after reaching nearly $4 last month, giving a lift to how people feel about the economy and raising hopes that they might be willing to spend more. Benchmark oil for July delivery was down 70 cents to $99.89 a barrel in electronic trading on the New York Mercantile Exchange on Friday.[iii]

The European Union is working on a second bailout package for Greece in a race to release vital loans next month and avert the risk of the euro zone country defaulting, EU officials said on Monday.[iv]

China will raise retail electricity prices starting next month, the first increase in more than a year, to curb demand and boost power generation as the nation battles with a supply shortfall that may be the worst in history.[v]

A woman’s attempt to sell a purported $1.7 million moon rock was thwarted last week when the buyer she met with turned out to be an undercover agent working for NASA. The sting, which according to the Riverside County (Calif.) Sheriff’s Dept. came after several months of investigation, took place at a Denny’s restaurant in Lake Elsinore, Calif., about 70 miles southeast of Los Angeles. The woman, who authorities did not identify, was detained but not arrested pending the “moon rock” being verified as being of lunar origin.[vi]

QUOTE OF THE WEEK:

“To fly we have to have resistance.” — Maya Lin
RECIPE OF THE WEEK:

Focaccia-Camembert Pizza

From: Better Homes and Gardens
This quick and easy pizza recipe features the perfect combination of cheese, nuts, and vegetables. Better yet, it will be on your table in 30 minutes or less.

Total time: 20 mins

Ingredients:

4 6-inch Italian flatbreads (focaccia)

2 large tomatoes, sliced

Salt and ground black pepper

1 8-oz. round Camembert cheese, chilled

1/3 cup chopped walnuts

2 Tbsp. snipped fresh chives

Directions:

1. Heat broiler. Place flatbreads on the unheated rack of a broiler pan. Top with tomato slices; sprinkle with salt and pepper. Cut cheese in thin slices. Place cheese slices on tomato slices.

2. Broil 4 to 5 inches from heat about 2 minutes or until cheese begins to melt. Sprinkle with walnuts; broil 1 minute more. Sprinkle with fresh chives. Serves 4.

GOLF TIP OF THE WEEK:

Push & Tap, Not Swing, When Putting

The best putters are able to roll the ball smoothly so that it skids very little on its way to the hole. Key to this is keeping the putter head low to the ground throughout the stroke. Rather than picking the putter up in the back swing and then making a descending hit on the ball, focus more on keeping the club head low while pushing the ball gently. A descending hit will actually put backspin on the ball and cause it to jump and skid off the putter face.

Investment advisory services offered by Calandra Wealth Management, LLC – A Registered Investment Advisor.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.google.com/finance?q=INDEXDJX:.DJI

[ii] http://www.cnbc.com/id/43152790

[iii]http://www.google.com/hostednews/ap/article/ALeqM5iOfbpxuwPYJCUVIXJwgICceAM05Q?docId=7f22d6d4dcfb44118b996eccc3b12597

[iv] http://www.reuters.com/article/2011/05/30/us-eurozone-idUSTRE74Q1YV20110530

[v] http://www.bloomberg.com/news/2011-05-30/china-raises-industrial-power-prices-in-15-provinces-to-help-ease-shortage.html

[vi] http://www.cbsnews.com/stories/2011/05/27/scitech/main20066784.shtml

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Weekly Commentary – May 16, 2011

Posted in Uncategorized, tagged annuity, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, financial advisor, Financial Planner, find a financial advisor in atlanta, income planning, Investing Advice, Kennesaw financial planner, Phil Calandra, safe money, Wealth Management on May 16, 2011 | Leave a Comment »

SPECIAL EDITION: Annual Report on the financial health of Medicare and Social Security

Each year the Trustees of the Social Security and Medicare trust funds report on the current and projected financial status of the two programs. This year’s report was released on Friday, and we thought you might like to know about the key findings.

According to government predictions, Medicare’s largest trust fund will run out of money in 2024, five years earlier than projected last year. The program’s faulty finances are, in part, a symptom of the sluggish economy. Higher projected health-care costs and lower payroll taxes are being blamed for the shortfall. Pressure will doubtless intensify in Washington as a bipartisan effort is made to shore up the 46-year-old healthcare plan that covers more than 47 million elderly and disabled Americans.

Regarding Social Security, the report showed that expenditures exceeded the program’s non-interest income in 2010 for the first time since 1983, and that the program faces a $46 billion deficit for 2011. The projected point at which the combined Trust Funds will be exhausted comes in 2036 – one year sooner than projected last year. At that time, there will be sufficient income to pay only 77% of scheduled benefits.

The report concluded by saying that, “projected long-run program costs for both Medicare and Social Security are not sustainable under currently scheduled financing, and will require legislative corrections if disruptive consequences for beneficiaries and taxpayers are to be avoided. The financial challenges facing Social Security and Medicare should be addressed soon. If action is taken sooner rather than later, more options and more time will be available to phase in changes so that those affected can adequately prepare.”[1]

While it is impossible for us to address all the nuances of Medicare and Social Security in this brief communication, let alone all the proposed solutions, we wish to draw your attention to the two italicized words at the end of the previous paragraph: adequately prepare. Of all the information we found in the eye-crossing 244 page report (you can read it here: http://www.socialsecurity.gov/OACT/TR/2011/tr2011.pdf), these two words strike us as most significant.

No one can predict with certainty what the future of Medicare and Social Security will be. Most people agree that reforms are needed and that changes will be made, but what those changes will be and how they will affect beneficiaries, remains to be seen. What we do know, is that we must adequately prepare in every way possible.

Adequate preparation requires a number of things. It involves taking your life expectancy into consideration when deciding what withdrawal rates are sustainable in your portfolio. It includes choosing an asset allocation that is likely to keep pace with inflating healthcare costs. It means considering whether long-term-care or other insurance coverage is right for you. It dictates determining the best time to start collecting benefits. Many important decisions must be made when preparing for the future and it is unwise to rely too heavily on government programs for support. Although making the right decisions can be challenging, we are here to guide you through the process.

If you have questions about how anything in this report could affect you or your loved ones, please don’t hesitate to reach out to us. We are here to serve you.

ECONOMIC CALENDAR:
Monday – Empire State Manufacturing Survey, Treasury International Capital, Housing Market Index
Tuesday – Housing Starts, Redbook, Industrial Production
Wednesday – FOMC Minutes
Thursday – Jobless Claims, Existing Home Sales, Philadelphia Fed Survey, Leading Indicators

Data as of 05/13/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-0.18	6.37	15.6	0.72	0.74
Dow	-0.34	8.79	16.8	2.13	1.64
NASDAQ	0.03	6.62	18.1	5.21	3.42
MSCI EAFE	-1.61	4.11	18.9	-0.55	2.37
10-year Treasury Note (Yield Only)	3.16	NA	3.56	5.19	5.48

HEADLINES:

The average 401(k) balance rose to $74,900 at the end of March, Fidelity said, the highest since the firm began tracking the data in 1998 and a 12% jump from a year ago. Nearly 10% of participants raised their contribution rate during the first quarter, also a record.[2]

Consumers continued to feel the pinch at grocery stores and gasoline stations in April as higher prices pushed up a widely used index of inflation to the fastest 12-month pace since the later part of 2008, according to government figures released Friday. The Labor Department said the consumer price index, the most widely used measure of inflation, was up 0.4 percent in April from March, and up 3.2 % from a year earlier.[3]

US oil drilling activity slipped this week, down by 6 rotary rigs compared with a year ago, Baker Hughes Inc., an oilfield services company, reported. Land operations had the biggest loss, down 7 units, and inland waters activity decreased by 2 rigs. In what has become an unusual situation, offshore drilling registered the only increases, up by 3 rigs to a total of 33 rigs drilling in US waters.[4]

The euro fell against all but two of its 16 most-traded counterparts, reaching a six-week low against the dollar, on concern Greece may have to restructure its debt and the nation’s problems may spread in the region.[5]

QUOTE OF THE WEEK:

The strongest oak of the forest is not the one that is protected from the storm and hidden from the sun. It’s the one that stands in the open where it is compelled to struggle for its existence against the winds and rains and the scorching sun. – Napoleon Hill

RECIPE OF THE WEEK:

Garden Risotto

From: Better Homes and Gardens
Slow cooking, with stirring and watching, ensures success in producing the creamy results for this classic Italian side dish.

Servings: 4 side-dish servings

Total Time: 30 mins

Ingredients:

1 cup arborio rice or medium-grain white rice

2 tablespoons olive or cooking oil

2 cloves garlic, minced

3-1/4 to 3-1/2 cups reduced-sodium chicken broth or vegetable broth

1 cup shredded carrot

1/4 cup thinly sliced green onion

¼ to ½ cup shredded Parmesan or Romano cheese

2 tablespoons snipped fresh basil

Thin carrot curls (optional)

Basil leaves (optional)

Directions:

1. In a large saucepan cook and stir uncooked rice in hot oil over medium heat for 5 minutes. Add garlic; cook and stir 1 minute more.

2. Meanwhile, in a medium saucepan, bring broth to boiling; reduce heat and simmer.

3. Slowly add 1 cup of the broth to rice mixture (be careful of spattering, because broth will steam up when it hits the hot pan); stir constantly. Cook and stir over medium heat until broth is absorbed (about 5 minutes).

4. Add 2 more cups of broth, 1/2 cup at a time, stirring constantly until broth is absorbed. Stir in remaining broth, shredded carrot, and green onion. Cook and stir until rice is creamy and just tender. Stir in cheese and snipped basil.

5. If desired, garnish with the carrot curls and basil leaves. Makes 4 side-dish servings.

GOLF TIP OF THE WEEK:

Keep Your Emotions in Check

To get yourself back on track after a poor shot, ask yourself these four questions:

1) How was my tempo or rhythm?

2) Was I fully committed to the club, target, and type of shot?

3) How well did I visualize the shot in advance?

4) How did that shot “feel”?

By running through this checklist to determine the reason behind a bad shot, you’ll keep your tension level low and your emotions in check.

Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1]All information in this commentary is taken from: http://www.socialsecurity.gov/OACT/TR/2011/tr2011.pdf

[2] http://online.wsj.com/article/SB10001424052748703730804576313682030967852.html

[3] http://www.bls.gov/news.release/cpi.nr0.htm

[4] http://www.ogj.com/index/article-display/6817829475/articles/oil-gas-journal/drilling-production-2/drilling-operations/20100/may-2011/us-drilling_decreases.html

[5] http://www.bloomberg.com/news/2011-05-14/euro-drops-to-six-week-low-versus-dollar-before-ministers-meet-on-greece.html

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Investing in Times of Global Uncertainty – FREE Whitepaper

Posted in Uncategorized, tagged atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, financial advisor, find a financial advisor in atlanta, income planning, investing in times of uncertainty, Kennesaw financial planner, Wealth Management on April 27, 2011 |

In times of global uncertainty, making prudent investment decisions requires special diligence. When natural disasters strike and leading nations become embroiled in conflict, it can be difficult to find clarity amidst the barrage of disquieting headlines. This paper is designed to help you find that clarity, and hopefully, sleep better at night. Please click on the link below for immediate access.

Click Here for your FREE Whitepaper!

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Weekly Market Commentary – April 25, 2011

Posted in Uncategorized, tagged ACCUMULATION, annuities, annuity, Atlanta, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, financial advisor, income for life, income planning, Investing Advice, Kennesaw financial planner, pension, safe money, senior annuity, tax preparation, Wealth Management on April 26, 2011 | Leave a Comment »

Weekly Market Update
Week of April 25, 2011

THE MARKETS:

Do you want to pay higher taxes? I know I don’t! But if you happen to be among the fortunate few that earn more than $250,000 a year, new polls suggest your neighbors want you to pay up.

According to the latest New York Times/CBS News poll, 72% of adults approve of increasing federal taxes on households making more than $250,000 starting in 2013.[i] At the same time, a separate poll from ABC News and the Washington Post showed that 72% of respondents want to raise taxes on the rich to help reduce the federal deficit.[ii] The desire to see America’s wealthiest citizens paying higher taxes even spans political boundaries, with 55% of Republicans, 74% of independents and 83% of Democrats all calling for an increase.[iii]

So will increasing taxes on the rich fix the budget? This is not a question we will even try to answer in this brief commentary. It is worth noting however, that less than 3% of all American households earn more than $250,000 per year,[iv] and as it stands today, the U.S. tax system is already highly disproportionate. The top 1% of income earners pay 40% of all federal income taxes, the bottom 50% pay only 3%, and more than one-third of U.S. earners pay no federal income tax at all.[v]

As new data from the Congressional Budget Office shows, raising all six income tax rates by 1 percentage point would yield an additional $480 billion over 10 years, while raising the top two rates by 1 percentage point would yield only $115 billion.[vi] So what is better: Increasing taxes a little bit for everyone or a lot for just a few? Perhaps another question to ask is whether America has a spending problem or a revenue problem? Again, these are not questions we can answer in this forum.

The point of sharing this information with you is not to fuel a political debate. The nation is already sharply divided on this issue. The reason we draw your attention to this matter is because directly or indirectly, it affects every American. And, at the rate things are going, there is a good chance we will see higher taxes in the future. Taking into consideration how taxes can affect your investments, both now and in the future, is an important element to preparing sound financial strategies. As always, we will monitor how the landscape changes and do our best to help you adapt to changing conditions.

ECONOMIC CALENDAR: Tuesday – S&P Case-Shiller Home Price Index, Consumer Confidence
Wednesday – Durable Goods Orders, FOMC Meeting Announcement
Thursday – GDC, Jobless Claims, Pending Home Sales Index Friday – Personal Income and Outlays, Chicago PMI, Consumer Sentiment, Ben Bernanke Speaks

Data as of 04/21/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	1.74	6.34	10.9	0.40	0.76
Dow	1.80	8.02	12.4	2.04	1.82
NASDAQ	2.17	6.31	12.6	4.07	3.04
MSCI EAFE	1.69	6.61	10.8	0.30	2.62
10-year Treasury Note (Yield Only)	3.48	N/A	3.74	5.01	5.26

HEADLINES:

U.S. stocks advanced for a third straight session Thursday, with the Dow closing at almost a 3-year high following a slew of strong earnings.[vii]

Sales of existing homes increased in March. Home sales rose at an annual rate of 5.1 million in March, up 3.7% from February, the National Association of Realtors said Wednesday. However, sales were 6.3% lower than in March 2010.[viii]

With a 4% gain so far this month, following March’s 10% rise, benchmark oil futures are keeping up with a long-running trend – advancing in March, April and May before taking a breather in June.[ix]

Toyota Motor Corp.’s global car production, disrupted by parts shortages from Japan’s earthquake and tsunami, won’t return to normal until November or December, imperiling its spot as the world’s top-selling automaker.[x]

QUOTE OF THE WEEK:

“Don’t judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson
RECIPE OF THE WEEK:

Orange Snowdrops

From: Better Homes and Gardens

Frozen orange juice concentrate imparts sunshine-fresh flavor to these cookies. For thorough orange flavor, use the juice concentrate in the dough as well as the frosting.

Servings: 36 cookies

Ingredients:

½ cup butter (no substitutes)

½ cup shortening

1 cup sifted powdered sugar

½ teaspoon baking soda

1 egg

½ of a 6-ounce can (1/3 cup) frozen orange juice concentrate, thawed

1 teaspoon vanilla

2 cups all-purpose flour

1 recipe orange frosting

Finely shredded orange peel (optional)

Directions:

1. In a large mixing bowl beat butter and shortening with an electric mixer on medium to high speed for 30 seconds. Add powdered sugar and baking soda; beat until combined, scraping sides of bowl occasionally. Beat in egg, orange juice concentrate, and vanilla until combined. Beat in as much of the flour as you can with the mixer. Using a wooden spoon, stir in any remaining flour.

2. Drop dough by rounded teaspoons 2 inches apart onto an ungreased cookie sheet.

3. Bake in a 375 degree F oven about 8 minutes or until edges are lightly browned. Cool on cookie sheet for 1 minute. Transfer to wire racks: cool completely. Spread cookies with Orange Frosting. If desired, sprinkle with finely shredded orange peel. Makes about 36 cookies.

Orange Frosting
Stir together 1/2 of a 6-ounce can (1/3 cup) frozen orange juice concentrate, thawed; 1/2 teaspoon finely shredded orange peel; and 3 cups sifted powdered sugar till smooth.

GOLF TIP OF THE WEEK:

Play by Intelligence, Not Ego

Ego involvement affects many golfing situations. We may elect to shoot over a dog-leg instead of around it. We may use a high-compression ball because hard hitters do, although we could get more distance with less compression. We may shoot for the pin when our general accuracy can only justify shooting at the green.

One of the secrets to better play is not allowing your ego to affect your choices on the course. If your opponent uses a six iron, don’t hesitate to use a four wood if “your game” calls for it. In other words, play your game and not your ego.

There are some ego involvements which can be beneficial, such as pride in improvement. In general though, ego involvements prevent us from doing what a given situation calls for, and this is unfortunate. Nothing can be solved if pride produces wishful thinking or otherwise prevents us from seeing the problem as it is. Let intelligence and not ego drive your golf game and your scores will improve.

Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://www.nytimes.com/interactive/2011/04/22/us/politics/20110422-poll-republicans-economy.html?ref=us

[ii] http://www.langerresearch.com/uploads/1122a2%20Debt%20Debate.pdf

[iii] http://www.langerresearch.com/uploads/1122a2%20Debt%20Debate.pdf

[iv] http://www.census.gov/hhes/www/income/income.html

[v] http://www.heritage.org/budgetchartbook/top10-percent-income-earners

[vi] http://money.cnn.com/2011/04/12/news/economy/national_debt_taxes_obama/index.htm?iid=EL

[vii] http://money.cnn.com/2011/04/21/markets/markets_newyork/index.htm

[viii] http://money.cnn.com/2011/04/20/news/economy/existing_home_sales/index.htm

[ix] http://www.marketwatch.com/story/oil-prices-likely-to-keep-rising-until-june-2011-04-20

[x] http://www.latimes.com/business/la-fi-toyota-20110422,0,3070748.story?track=rss

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Weekly Market Commentary – March 14, 2011

Posted in Uncategorized, tagged ACCUMULATION, Adviser, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, DISTRIBUTION, estate planning, find a financial advisor in atlanta, Kennesaw financial planner, Money, Phil Calandra, tax planning, The Calandra Group, Your Financial Life on March 15, 2011 | Leave a Comment »

Weekly Market Update
Week of March 14, 2011

THE MARKETS:

On Friday, an 8.9 earthquake rocked Japan and generated a 30-foot-high tsunami that devastated the northeastern coast. In consideration of the widespread destruction, human suffering is the issue of primary concern at this time. Simultaneously though, it is crucial to consider the economic impact of this natural disaster. What affects are we already experiencing?

Though Japan’s recession-burdened stock markets dropped,[1] the expected scope of the rebuilding effort sent U.S. stocks climbing on expectations for increased demand for materials.[2] Interestingly, we also saw a $3 a barrel drop in oil prices inspired by anticipation of decreased Japanese demand.[3] At the same time, some speculate that the probable increase in Japan’s spending has the potential to propel their already strong currency, the yen, higher as Japanese money invested abroad is applied to rebuilding.[4] How long and to what extent such factors will influence the world economy remains to be seen.

The earthquake also took a heavy toll on the nation’s industries, forcing Toyota, Honda and Nissan to halt operations at most of their domestic plants.[5] These shutdowns come at a time of strong recovery in global consumption (U.S. auto sales clocked their strongest pace in 18 months in February[6]). Also suspending operations are Panasonic, Sony, and Toshiba.[7] A bigger impact will likely come in the weeks ahead as the disruptions make their way through the global supply chain.

In today’s world, we exist as part of a connected, global community. And although it is fitting to discuss how international situations can have an impact domestically, we should also remember that such analysis cannot diminish Japan’s catastrophic losses. While the weeks and months ahead will gradually reveal the extent of the disaster, it will also give us a chance to demonstrate our humanity and generosity.

SPECIAL NOTE: While we do not want to discourage you from donating toward relief efforts in Japan, we urge you to exercise caution. Whenever a natural disaster strikes, there are always unscrupulous individuals who will attempt to take advantage of the generosity of those who wish to give. Many reputable sources warn donors to be cautious when making contributions to relief agencies and charities. Please visit the Better Business Bureau’s Wise Giving Alliance for more information about how to donate safely. See www.bbb.org/charity.

ECONOMIC CALENDAR: Tuesday – Empire State Mfg Survey, Import and Export Prices, Treasury International Capital, Housing Market Index, FOMC Meeting Announcement Wednesday – Housing Starts, Producer Price Index, EIA Petroleum Status Report
Thursday – Consumer Price Index, BOE Announcement, International Trade, Jobless Claims, Industrial Production, Leading Indicators, Philadelphia Fed Survey

Data as of 03/11/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-1.28	3.71	13.4	0.36	0.57
Dow	-1.03	4.03	13.5	1.75	1.32
NASDAQ	-2.48	2.36	14.6	4.01	3.23
MSCI EAFE	-3.09	1.68	7.85	-0.88	2.02
10-year Treasury Note (Yield Only)	3.49	N/A	3.72	4.76	4.93

HEADLINES:

Professional-football players disbanded their union and filed a lawsuit against the NFL and team owners on Friday. The collapse of the talks makes it likely that NFL owners will bar their players from turning up to work and withholding their paychecks. The players filed suit for the right to be allowed to work.[8]

U.S. consumer sentiment fell to its lowest level since October 2010 as gasoline prices rose. The preliminary March reading on the overall index on consumer sentiment came in at 68.2, down from 77.5 in February. The numbers were in contrast to the retail sales report earlier Friday, which showed sales posted their largest gain in four months in February.[9]

House Republicans are preparing another stopgap-spending bill that would cut $6 billion from current levels and keep the government running for three more weeks. The stopgap-spending bill would buy lawmakers more time after existing funding authority expires on March 18 to agree on final spending levels for the 2011 fiscal year, which ends September 30. The Senate would have to approve it as well before it could be sent to President Obama to sign into law.[10]

Forbes 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). Mexico’s Carlos Slim Helu, added $20.5 billion to his fortune, and is now worth $74 billion. Bill Gates (#2) and Warren Buffett (#3) both added a more modest $3 billion to their piles and are now worth $56 billion and $50 billion, respectively.[11]

QUOTE OF THE WEEK:

“In separateness lies the world’s great misery, in compassion lies the world’s true strength.” – Buddha
RECIPE OF THE WEEK:

Maple Ricotta Flan

From: Better Homes and Gardens
This 5-ingredient dessert can be pulled together in just 15 minutes.

Servings: Makes 6 servings.

Prep: 15 mins

Total: 45 mins

Ingredients:

1/4 cup plus 1 tsp. pure maple syrup

4 beaten eggs

1 15-oz. container ricotta cheese

1/4 cup sugar

1 tsp. vanilla

Ground nutmeg or cinnamon (optional)

Directions:

1. Preheat oven to 325 degrees F. Divide the 1/4 cup maple syrup among six 6-ounce custard cups; tilt custard cups to coat bottoms evenly.

2. In a bowl combine eggs, cheese, sugar, vanilla, and remaining teaspoon maple syrup. Mix until well combined but not foamy. Place the custard cups in a 3-quart rectangular baking dish. Divide egg mixture among custard cups. Sprinkle with nutmeg. Place the baking dish on an oven rack. Pour boiling water into the baking dish around custard cups to a depth of 1 inch. Bake for 40 to 45 minutes or until a knife inserted near the centers comes out clean.|

3. Remove cups from water. Cool completely in custard cups. Cover and chill until serving time. To unmold flans, loosen edges with a knife, slipping point of knife down sides to let air in. Invert a dessert plate over each flan; turn custard cup and plate over together.

GOLF TIP OF THE WEEK:

Putting Yips?

Once fear gets a hold on your nervous system, it can seem like it will never end. Goodbye confidence. What can you do? Solve the problem by taking two actions:

1) Spot the fear early. When spotted, step back, take a breath, and restart your routine. Once your body/mind learns you won’t give in to your nerves, it actually gets the message.

2) Put your mind on the present, not the future. Don’t think about everything that can go wrong with your shot. Just focus on your movement.

Following this routines brings you into the “now.” Use this to combat fear.

Share the Wealth of Knowledge!
Please share this market update with family, friends, or colleagues. If you would like us to add them to our list, simply click on the “Forward email” link below. We love being introduced!
Insert your broker/dealer disclosures here. i.e. Securities offered through “Your B/D Name Here,” Member FINRA/SIPC.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[1] http://finance.fortune.cnn.com/2011/03/11/japans-fiscal-fix-deepens/

[2]http://online.wsj.com/article/SB10001424052748703597804576194130989423722.html?mod=WSJ_hp_LEFTWhatsNewsCollection

[3] http://online.wsj.com/article/SB10001424052748703597804576194452970557580.html?mod=googlenews_wsj

[4] http://www.cnbc.com/id/42045635

[5] http://online.wsj.com/article/SB10001424052748704296604576196140410967916.html?mod=WSJ_hp_MIDDLTopStories

[6] http://online.wsj.com/article/SB10001424052748703597804576194101663283550.html?mod=WSJ_hp_MIDDLTopStories

[7] http://online.wsj.com/article/SB10001424052748704296604576196140410967916.html?mod=WSJ_hp_MIDDLTopStories

[8] http://www.marketwatch.com/story/nfl-players-union-to-disband-court-case-follows-2011-03-11

[9] http://www.cnbc.com/id/42028477

[10] http://www.reuters.com/article/2011/03/11/us-usa-congress-spending-idUSTRE7205MS20110311

[11] http://www.msnbc.msn.com/id/41989924/ns/business-forbescom/

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Weekly Market Commentary – March 7, 2011

Posted in Uncategorized, tagged advisor, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, estate planning, Financial, financial advisor, Financial Planner, income planning, Investing Advice, Kennesaw financial planner, Money, Phil, Phil Calandra, planning, retirement, tax preparation, Wealth Management on March 10, 2011 | Leave a Comment »

Weekly Market Update
Week of March 07, 2011

THE MARKETS:

As of late, the big question on everyone’s mind has been: Will the recovery stick? And while the talking heads have been debating their positions on the issue, the chief talking head himself – Federal Reserve Chairman Ben Bernanke – appeared before the House Financial Services Committee and a Senate panel last week to offer his semiannual report on the state of the economy. What was the word? Bernanke said the economy is gaining traction and stressed that the Fed is prepared to act if higher commodity prices start to have a negative effect on U.S. growth.[i] His comments also offered a brighter outlook on the status of rising energy costs, inflation risk, and job creation. Good news indeed!

While acknowledging that a prolonged rise in oil prices could pose a danger to the economic recovery, the Fed chief countered that other risks to the economy, including rising commodity prices, were more likely to affect consumer spending. At the same time, Bernanke reiterated his commitment to keeping inflation low, and added: “I recognize that the increases in gas prices are very troubling… but they are not inflation per se. Inflation is an increase in the overall price level, which is very low. The inflation rate right now is 1.2% for all goods and services”.[ii]

As for jobs, Bernanke expressed confidence that growth would increase this year.[iii] Supporting his view, the Labor Department announced on Friday that the nation’s unemployment rate fell to 8.9% in February, the lowest level in two years. The report suggests that companies are gaining confidence in the economy and their own financial prospects. It also strengthens hopes that businesses will shift into a more aggressive hiring mode to heighten momentum for the ongoing recovery.[iv]

Against the backdrop of geopolitical turmoil that has packed the headlines in recent weeks, the Fed chairman’s testimony offered a positive perspective on the improving state of the American recovery.

ECONOMIC CALENDAR:
Monday – Consumer Credit Tuesday – ICSC-Goldman Store Sales, Redbook Wednesday – EIA Petroleum Status Report
Thursday – BOE Announcement, International Trade, Jobless Claims, Treasury Budget Friday – Retail Sales, Consumer Sentiment, Business Inventories

Data as of 03/04/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	0.10	5.05	17.6	0.53	0.70
Dow	0.33	5.12	16.5	2.08	1.63
NASDAQ	0.13	4.97	21.5	4.19	3.15
MSCI EAFE	0.38	5.27	14.3	-0.26	2.46
10-year Treasury Note (Yield Only)	3.42	3.31	3.61	4.68	4.94

On Tuesday, Apple Chief Steve Jobs introduced the world to the iPad2, a sleeker, faster follow-up to the original. The market sent shares of Research in Motion down 0.3%, and Motorola was down by over 4%. The new iPad2 sports front and back facing cameras, more memory, and a faster processor, but despite the upgrades, the iPad2 starts at $499, while Xoom tablets will run between $599 and $799.[v]

President Barack Obama said Saturday that he is willing to offer deeper spending cuts if it means Republicans and Democrats can work out their differences and reach an agreement on the federal budget. The standoff over government spending intensified this past week as Republicans ripped the White House’s offer to make $6.5 billion in budget cuts this fiscal year, and the threat of a government shutdown lay over the horizon. Government operations are now running on a stopgap funding measure that expires on March 19.[vi]

U.S. manufacturers expanded at the fastest pace in nearly seven years last month, but a sudden rise in the price of raw materials could threaten their profits. The Institute for Supply Management said its index of manufacturing activity rose to 61.4 in February, the highest reading since May 2004. But prices paid for steel, plastics, rubber and other raw materials rose for a third straight month, a sign that increasing production costs could spark higher inflation.[vii]

National Football League owners and players agreed Friday to a seven-day extension to contract talks in an effort to resolve the league’s labor dispute. The agreement means the CBA will remain in force until the night of March 11 and averts the threat of a lockout by the owners or a lawsuit by the players for at least a week. The owners were due to earn about $4 billion in TV money this coming season, even in the event of a lockout.[viii]

QUOTE OF THE WEEK:

“I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor.” – Henry David Thoreau
RECIPE OF THE WEEK:

Baked Brie

From: Better Homes and Gardens

The topping of tomato preserves or mango chutney over a round of baked Brie keeps this buffet table favorite lightweight and fresh flavored.

Servings: Makes 8 servings.

Prep: 25 mins

Total: 35 mins

Ingredients:

1 small onion, cut into thin wedges

2 teaspoons butter or margarine

1/3 cup tomato preserves or mango chutney

1/2 teaspoon snipped fresh rosemary or 1/4 teaspoon dried rosemary, crushed

1/8 teaspoon crushed red pepper

1 8-ounce round Brie cheese (about 4 inches in diameter)

Breadsticks, assorted crackers, or French bread slices

Directions:

1. For caramelized onions, cook onion in hot butter or margarine in a small saucepan, covered, over low heat about 15 minutes or until tender and golden, stirring occasionally. Meanwhile, stir together tomato preserves or mango chutney (cut up any large pieces of chutney), rosemary, and crushed red pepper in a small bowl.

2. Cut off a thin slice from the top of the Brie to remove the rind; discard. Place the Brie in an ungreased 9-inch pie plate. Top with tomato or chutney mixture, then with caramelized onions.

3. Bake, uncovered, in a 325 degree F oven about 10 to 12 minutes or until Brie is softened and warmed but not runny. Serve with breadsticks, crackers, or bread slices. Makes 8 servings.

GOLF TIP OF THE WEEK:

Logo Lineup

One of the most common errors in putting is poor alignment. Specific sources of trouble can be posture, head position, or ball position. Many golfers have not trained their eyes to see the line correctly and are aiming their putter to the right or left of the hole without being aware of it.

The next time you head out to play or practice, try experimenting with lining up the logo or marked line. Start by practicing 2 or 3 footers to ensure that your aim is true. If you have aligned properly, you will see the logo turning straight over the top of the ball as it falls into the hole. Once you are comfortable with these short putts, begin to practice from longer distances.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general.

The Dow Jones Industrial Average is a price-weighted average of 30 significant stocks traded on the New York Stock Exchange and the Nasdaq. The DJIA was invented by Charles Dow back in 1896.

Google Finance is the source for any reference to the performance of an index between two specific periods.

Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.

Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your financial professional before making any investment decision.

[i] http://online.wsj.com/article/BT-CO-20110302-709100.html

[ii] http://www.reuters.com/article/2011/03/02/us-usa-fed-bernanke-highlights-idUSTRE7214KG20110302?pageNumber=1

[iii] http://www.msnbc.msn.com/id/41845694/ns/business-stocks_and_economy/

[iv] http://www.msnbc.msn.com/id/41903404/ns/business-stocks_and_economy/

[v] http://www.ibtimes.com/articles/119238/20110306/apple-ipad-2-ipad2-motorola-xoom-rim-playbook-touchpad.htm

[vi] http://www.marketwatch.com/story/us-budget-showdown-intensifies-2011-03-05

[vii] http://www.msnbc.msn.com/id/41848045/ns/business-stocks_and_economy/

[viii] http://www.marketwatch.com/story/nfl-labor-talks-reach-critical-stage-2011-03-04

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Weekly Market Commentary – February 28, 2010

Posted in Uncategorized, tagged Atlanta, atlanta financial advisor, atlanta wealth manager, Calandra Financial Group, DISTRIBUTION, estate planning, Financial, financial advisor, Financial Planner, GA, income planning, Investing Advice, Kennesaw financial planner, Money, Phil Calandra, PRESERVATION, retirement, tax, tax planning, Wealth Management on March 1, 2011 | Leave a Comment »

Weekly Market Update
Week of February 28, 2011 – SPECIAL EDITION

Oil and Gas on Higher Ground

As turmoil in the Middle East continues to roil the markets, it is no coincidence that “oil” is at the root of economic concerns. From an investment perspective, analyzing oil’s relationship to the markets is crucial, but the reality is that nearly everyone (investors and non-investors alike) are affected by oil prices. So what exactly is affecting the rise in oil costs? And, more importantly, do oil prices have the potential to derail America’s economic recovery?

After the fall of dictatorial governments in Tunisia and Egypt, unrest has spread throughout the Middle East, with Libya dominating the spotlight this week. The International Energy Agency reported late Friday that Libya is probably producing about 850,000 barrels of oil daily, down from its normal capacity of 1.6 million barrels, which represents just under 2% of the world’s oil supply. While the sudden oil shortage hits European refiners the hardest,[i] oil fears still caused the stock market to suffer its first weekly loss in a month. For the week, the S&P 500 slid 1.7%; the Dow dropped 2.1%, and the Nasdaq fell 1.9%.[ii] Happily, fears were eased somewhat on Friday when Saudi Arabia reported it has increased its crude oil production to 9 million barrels a day to make up for supplies lost in Libya.[iii]

What we’re seeing right now is a tug of war between worry and economic fundamentals. While most U.S. economic data looks good, investors are focused on the potential implications of interruptions in oil production. For the moment, this issue will dominate the headlines regardless of how attractive other data looks.
*Graph courtesy of http://money.cnn.com/2011/02/25/markets/oil/index.htm

U.S. drivers have already been feeling the pinch at the pump, with gas prices spiking 6 cents on Friday, the biggest one-day jump in two years. The national average price for a gallon of regular gas rose to $3.29, according to AAA, marking the fourth day in a row that prices have risen and bringing the national average to the highest level since October 2008. In general, every $1 increase in the price of oil costs consumers $1 billion over the course of a year.[iv] Higher oil prices also weigh on the U.S. economy by increasing the costs of moving goods,[v] thus transferring rising costs to manufacturers, wholesalers, retailers, and eventually the American public.
*Graph courtesy of http://money.cnn.com/2011/02/25/news/economy/gas_price_spike/index.htm

If gas prices continue to rise as some analysts predict, how will this affect the economic recovery? Put simply, there is no way to know for sure. Granted, when gas prices go up, Americans have less to spend on everything else. And since consumer spending makes up over 70% of the U.S. economy[vi], a drop in spending could slow the recovery down. At the same time though, modest increases in fuel prices do not inevitably cause economic slowdowns. What they more often do is cause alarm, thus affecting consumers’ perceptions about what they can afford and causing them to react by tightening their belts.

So while the natural reaction may be to retreat to conservative investments and cut-off all spending on nonessentials, it is important to avoid overreacting. The coming week promises to shed more light on the true status of our domestic economy as various data related to jobs, payrolls, and manufacturing are released.[vii]

ECONOMIC CALENDAR:
Monday – Personal Income and Outlays, Chicago PMI, Pending Home Sales
Tuesday – Redbook, Construction Spending
Wednesday – ADP Employment Report, EIA Petroleum Status Report, Beige Book
Thursday – ECB Announcement, Jobless Claims, Productivity and Costs, ISM Non-Mfg Index Friday – Employment Situation, Factory Orders

Data as of 02/25/2011	1-Week	YTD	1-Year	5-Year	10-Year
Standard & Poor’s 500	-1.72	4.95	19.7	0.47	0.59
Dow	-2.10	4.78	17.5	1.93	1.62
NASDAQ	-1.87	4.83	24.5	4.32	2.29
MSCI EAFE	-1.49	4.77	17.7	1.44	2.40
10-year Treasury Note (Yield Only)	3.59	N/A	3.64	4.57	5.08

QUOTE OF THE WEEK:

“The secret of happiness is freedom. The secret of freedom is courage.”– Thucydides

RECIPE OF THE WEEK:

Lemon Verbena Cookies

From: Better Homes and Gardens

Lemon verbena adds pleasant tang to these simple sugar cookies.

Servings: 36 cookies

Prep: 20 mins

Total: 28 mins

Ingredients

2-1/2 cups all-purpose flour

2 tablespoons dried lemon verbena leaves, crushed

2 teaspoons baking powder

1/4 teaspoon salt

1 cup butter (no substitutes), softened

1-1/2 cups sugar

2 eggs

1 teaspoon vanilla

Directions

1.Combine flour, lemon verbena leaves, baking powder, and salt; set aside. Beat butter in a large bowl with an electric mixer on medium speed for 30 seconds. Add sugar, eggs, and vanilla. Beat until well combined. Add half of the flour mixture. Beat until combined. Stir in remaining flour mixture with a wooden spoon until combined.

2. Drop dough by rounded teaspoonfuls 2 inches apart on an ungreased cookie sheet. Bake in a 350 degree F oven for 8 to 10 minutes or until edges are lightly browned. Remove to wire racks and cool. Makes 36.

GOLF TIP OF THE WEEK:

Maintain Your Balance

Maintaining your balance is important in all sports. In golf, better balance throughout your swing insures a solid shot. Here are two ways to improve your balance, which in turn will improve your ball contact and control, thus leading to lower scores.

1) Limit the amount of force you use when hitting the ball. Too many golfers think they need to use all their strength to hit the ball and this causes severe control problems. The majority of golf professionals will tell you they only use about 75% of their strength when hitting and/or swinging at the ball.

In order to practice this, simply go to the driving range and try to develop the feeling you are only hitting and/or swinging at the ball with 75% of your power by:

A. Hitting balls with a 3/4 back swing
B. Hitting balls shorter distances, say 25% shorter.

2) Wear the slickest soled regular street shoes or boots possible whenever you practice (NOT spikes or golf shoes). It’s amazing how fast you learn to swing within yourself, keep in balance and maintain control when NOT doing so could cause you to lose your balance.

*Stock investing involves market risk including loss of principal. The fast price swings of commodities will result in significant volatility in an investor’s holdings. Government bonds and Treasury Bills are guaranteed by the US Government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.

[i]http://www.google.com/hostednews/ap/article/ALeqM5hYoyif7KWMVcuNnmsT9eJ7tcTxtw?docId=09faacc3557c4a43999d1d9e7f84a960

[ii] http://www.cnbc.com/id/41789345

[iii] http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201102270952dowjonesdjonline000207&title=saudi-arabia-producing-9-million-b/d-officials

[iv] http://money.cnn.com/2011/02/26/news/economy/gas_prices/index.htm

[v] http://www.msnbc.msn.com/id/41777313/ns/business-stocks_and_economy/

[vi] http://www.bloomberg.com/news/2011-01-31/consumer-spending-in-u-s-advances-more-than-estimated-as-incomes-increase.html

[vii] http://www.marketwatch.com/story/us-stock-market-looks-to-data-diversion-2011-02-26

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