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Dear Lucian,
This edition of the newsletter contains jokes, a funny
life story about Lucian, subscriber questions
answered by Lucian in the Q&A section, a 401k article
on the impact of Wall Street meltdown on your 401k,
and mutual funds with the best performance.
| Conway's Comments |
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Boudreaux Beats the Market
Converts His
Traditional IRA to Roth IRA and
Saves Millions
Boudreaux was mad about the market
decline. He told Marie (pronounced Maw-Ree), his
precious wife, "Dis her bad market is KILLIN me."
Boudreaux told Marie that his Traditional IRA account
had a market value of $800,0000 on January 1, 2008
and that now, after the market has crashed, the
market value is only $500,000. "My stocks in my
Traditional IRA have gone down a whopping 38%."
He told Marie, "Things are bad, but I done
hatched a plan to make a silk purse out of a sows
ear." Marie says, "What are you going to do
Boudreaux." Boudreaux replies, "I am going to take
advantage of all this bad news in the stock market."
"How you gonna to do dat?," Marie says.
Boudreaux says the following to Marie...
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| Conway's Comments 2 - Riding out the Bad Times |
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Boudreaux's Tips on Riding Out this Bad Market
Do Not Stop Contributing to Your 401k.
AARP says 20% of those 45 and older have
stopped
contributing to their 401k in the last 12 months. Big
mistake. You lose the matching amount donated by
your employer which can cushion your other losses.
Also, with the stock price of your company down, if you
put in the same amount of money you get more
shares with the same dollars.
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| Shameless Self Promotion |
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Lucian's Possible Newsletter Upgrades-I need
your
advice!!
The response to my newsletter has been so
fabulous,
I am thinking about making it even better. I have been
wanting to upgrade my newsletter to provide a wider
range of investment advice from experts in the
markets and practical advice from me.
Therefore, I am thinking about starting an
electronic
magazine...
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| Lucian's Solutions Q&A |
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Question Number One: Picking a Broker
Lucian,
I took both of your Financial Acumen Classes
at the
Gas Company Tower in 2006, and 2007. I look
forward to reading your next newsletter when it
arrives. I have an investment question...Now you see
the DOW is down dramatically from where it was the
last time we met, I am inclined to initiate a brokerage
account. Do you have any suggestions for picks to
start off a portfolio?
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| Lucian's Funny Life Story |
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Lucian's Jury Duty
In 1988 I was teaching an accounting class
at Baylor University. After class one day I went home
to find in the mail a summons for jury duty selection in
Waco, Texas. I was summoned to appear for jury duty
selection in one week, on a Monday morning.
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Joke of the Day |
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No good deed ever goes unpunished
A man appeared before St. Peter at the
Pearly Gates.
"Have you ever done anything of particular
merit?" St.
Peter asked.
"Well, I can think of one thing," the man
offered. "On a
trip to the Black Hills of South Dakota, I came upon a
gang of bikers who were threatening a young woman.
I directed them to leave her alone, but they wouldn't
listen.
So, I approached the largest and most
heavily tattooed
biker and smacked him in the face, kicked his bike
over, ripped out his nose ring, and threw it on the
ground. I yelled, 'Now, back off, or I'll kick the crap out
of all of you!'"
St. Peter was impressed. "When did this
happen?"
"Couple of minutes ago."
Children's Joke
Why did the skeleton not across the road?
Answer: Because he did not have any guts!
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