Market Watch: June 2, 2009

It’s quite hard to achieve your goals if you have a good map. After all, life throws you a lot of curve balls. There is conflicting advice from different people – including your advisers – they all have different agendas. There may be a property management headaches, problems in the family, rising costs, changing government regulations, and much more. It is hard enough to manage even a good plan. Imagine how you want to do without it.

Preparing for retirement is another reason to secure financial planning services. Doing so will let you assess how much money you need to have to achieve your goals. A proper plan can help you gear up for important life events by preparing for future funds and pension. Coming up with a plan may also help you retire earlier.

The shares of Wells Fargo & Co rose nearly 7% to $32.43. Countrywide Financial Corp shares rose 16.3% to $10.82. These two banks are in a talking term using the treasury.

If your credit score doesn’t support this strategy, fix it. This is simple, but really not easy. It requires meticulous credit maintenance, a lot of phone calls, and intestinal fortitude. Remember, the first two people you talk to can’t help you and don’t care. They’re paid by the hour. Go deeper. Get a supervisor, Get a manager. Never take “no” from someone who’s not in a position to give you a “yes”. (Thanks Joe Rags.) A better idea might be to seek professional help.

Live. I have had multiple careers in my lifetime, one in sail-making, another in TV and video production, another in investment management for small banks, and yet another as a communications, marketing and PR guy. I have also script-doctored (and directed) a pair of one-person plays that appeared locally as well as on-tour up and down the east coast.

Beta – This tells us how much your investment correlates to the stock market. In an investment has a Beta of then if financial planning services the market goes up by then your investment went up by conversely if it went down by then you went down your investment is correlating perfect with the stock market. If you’re looking at something with a Beta of higher than 1.0 then you should expect more volatility in it. If the Beta is 1.7 then if the market goes down 10% you would expect to go down 17%. Beta’s can also be negative such as with some US Treasury investments; it means that if stocks go down, then you go up. When you see the term Beta, you can think “volatility”, but more specifically “correlation to the market”.

We strongly suggest that you move papers to the bank and obtain a pre approval of your home loan. This will come in handy in many ways. It is as good as cash and you will be able to negotiate for a best price with the pre approval in place. Secondly you can close the deal and execute the agreements etc very fast without having to waste time because your loan is already approved and waiting for disbursement.

The pound depreciated against all its 16 major counterparts. Bank of England officials voted 7-2 to keep interest rates on hold this month, with some warning that the economy is weakening. The BOE’s Spencer Dale and Martin Weale continued a push for a quarter-point increase in the benchmark rate. Governor Mervyn King and the other six members of the Monetary Policy Committee, including Ben Broadbent, voted for no change. Adam Posen kept up a call for more bond purchases.

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