The bull market of 1995 grew
the average stock fund by more
than 22 percent. Returning to our
hypothetical model, the stock por-
tion of our pie now exceeds the
initial 50 percent allocated for
stocks. In this instance, reallo-
cating money on an annual basis
to reflect the proposed percent-
ages forces the sale of stock prof-
it and the purchase of flat
international shares. Reallocat-
ing can be done within a few
large families of funds to avoid
excess sales commissions.
The hypothetical investment
model forces one to buy low and
sell high in order to maintain the
same allocation distribution.
IVI
But without a game plan, in-
vestors fall into the "greed-fear
cycle." Many observe a market
boom and decide to buy in using
their savings dollars. As the cy-
cle crests and the market cor-
rects, investors panic and sell at
a loss.
In the best scenario, making
money should be like playing on
a well-coached hockey team
where everyone stays in position.
Mutual fund managers work the
front lines buying and selling
stocks and bonds. My role is that
of a defensive player between in-
vestors and the managers. The
client, like a goalie, watches net
results. ❑
PILED 131r JULIE
ecoQ
MORE FOR YOUR MONEY
13 Month CD
Minimum $1,000
5.75%Ap
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are subject to change. Maximum amount $90,000. Substantial penalty for early withdrawal.
A IR
Eli Benjamin Apt has joined
Mitchell D. Ephraim & Associ-
ates insurance agency in Livo-
nia. Mr. Apt, an Oak Park
resident, formerly worked as an
independent insurance agent.
Earn Today's Higher Interest on
D&N Certificates of Deposit.
Call or visit your nearest D&N office today!
Earning Your Business Every Day.
Greg Miller of Oak Park re-
cently received his certification
II ®
BANKfsb
of Troy
MEMBER
FDIC
363 W. Big Beaver, Suite 150, Troy, MI 48084, (810) 528 1223
1305 W. 14 Mile Rd., Clawson, MI 48017, (810) 280 0565
-
-
Internet http://www.dn.portup.com
Amy M. Colton, above, and,
right, Jill L. Mainster
Attorneys Amy B. Folbe, Amy
M. Colton and Jill L. Main-
ster have joined the law firm of
Honigman Miller Schwartz and
Cohn in its Detroit office. Ms.
Folbe is a Huntington Woods
resident; Ms. Colton lives in
West Bloomfield; and Ms. Main-
ster lives in Bloomfield Hills.
Elliot Joseph, president of
Huron Valley Hospital in Com-
merce Township, has been
named senior vice president of
the Oakland region at the De-
troit Medical Center. Mr. Joseph
will continue to serve as Huron
Valley president, a post he as-
sumed in 1993. He is a resident
of West Bloomfield.
American Association of Re-
tired Persons is offering free
tax assistance to seniors, from
9 a.m.-4 p.m. Tuesdays, begin-
ning Feb. 6 and running
through April 9, at the Senior
Adult Center, 24350 Civic Cen-
ter Drive, Southfield. The ser-
vice is limited to households
with income below $35,000. For
information, call (810) 354-
9362.
FREE
Municipal
Bonds Listing
Receive Weekly Report
as an operational excellence
black belt through the Six Sig-
ma Quality Academy. Mr.
Miller works at Allied Signal
Inc. Safety Restraint Systems
in St. Clair Shores.
Richard Simtob, president
and co-founder of Talking Book
World, an audio-only retail and
mail-order bookstore, has
opened a second location of his
store at 4709 N. Woodward,
south of 14 Mile Road, in Roy-
al Oak.
SHIRT
30X
Men's furnishings and accessories
19011 West Ten Mile Road
Southfield, Michigan 48075
(Between Southfield and Evergreen)
Rick Bloom, an attorney with
the firm of Bloom, Bloom & As-
sociates, P.L.C., is the featured
speaker at a luncheon of the
Women's Advertising Club of
Detroit at 11:30 a.m. Tuesday,
Jan. 30. The event takes place
at Tom's Oyster Bar, 29106
Franklin Road in Southfield.
KUDOS & MEMOS page 44
352-1080
Hours: Mon.-Sat. 9:30 a.m.-6 p.m.
Thursday
9:30 a.m.-7 p.m.
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