investors to learn from a bear market
By DIMI MATOUCHEV
Financial advisor, Edward Jones
Special to CharlestonCurrents.com
26, 2009 -- If you invest for many years, you'll eventually encounter
both bull and bear markets. Although you obviously prefer seeing
the bull, you may actually learn more from the bear - and when it's
"hibernating," you can put these lessons to good use in
making investment moves for the future.
are some of the key "bear market lessons" to consider:
quality investments. A bear market tends to drag everything
down with it. But quality investments - those with strong fundamentals
and good prospects - have the potential to bounce back quickly
once the bear market ends. That's why you'll want to consider
owning these quality vehicles in all investment climates. In fact,
try to avoid owning investments today that you wouldn't want to
own in a bear market tomorrow.
Many investors look back fondly at the mid- to late 1990s, when
we frequently experienced double-digit stock market returns. Unfortunately,
these results "raised the bar" in terms of what investors
expect - and these elevated expectations led to problems for people
whose long-term financial goals were based on overly optimistic
projections. By anticipating more modest returns, you'll be able
to set more realistic, achievable goals. At the same time, don't
be surprised at the recurrence of bear markets, which are a normal
part of the investing process.
Know your risk tolerance.
If you find yourself losing sleep over the fate of your investments
in the midst of a bear market, you may need to review your risk
tolerance and adjust your portfolio accordingly. But keep things
in perspective. Instead of fretting over daily or monthly downturns,
ask yourself this: "How much can I afford to lose and still
meet my financial goals, such as achieving a comfortable retirement?"
You'll come up with different answers at different stages of your
investment decisions on principles -- not predictions.
Everybody can make investment predictions - and they usually do.
But many of these prognosticators have poor track records. So,
instead of acting on predictions, base your investment decisions
on principles, such as buying quality investments, maintaining
a long-term perspective and diversifying your portfolio. While
diversification can't guarantee a profit or protect against a
loss, it can help reduce risk when the market is volatile.
Maintain adequate liquidity. If
you are planning on cashing out a long-term investment to pay
for a major expense, such as a down payment on a home or college
tuition for a child, you could run into difficulty if a bear market
is raging and the value of your investments have dropped. To avoid
this problem, maintain a portion of your portfolio in liquid investments.
Although these vehicles won't provide you with a high return,
they offer greater preservation of principal - which is just what
you need when you need the money now.
for good investment opportunities.
During a bear market, you can almost always find quality investments.
While their prices may be down, these investments can still offer
good growth potential - and typically, the best time to buy them
is when their value is down.
following these lessons, you can prepare yourself for a bear market
- and help avoid getting "clawed" by it.
Matouchev is a financial adviser with Edward Jones on the Isle of
Palms. More information is available at http://www.edwardjones.com
No place in politics
ANDY BRACK, publisher
26, 2009 -- Maybe something is in South Carolinas water. What
else could explain how some South Carolina Republicans recently
seem to have come down with the political equivalent of Tourettes
syndrome, the odd disorder characterized by exclamations of bizarre
or inappropriate remarks?
June, former state Election Commission Chairman Rusty DePass posted
a comment on a social networking site that likened First Lady Michelle
Obama to a gorilla. He later apologized.
Then on Sept. 9, U.S. Rep. Joe Wilson, a South Carolina backbencher
with not much of a record of accomplishment, yelled You lie
to President Barack Obama during an address to Congress. Wilson
quickly apologized for his inappropriate and regrettable
comments, but as he soared into the nations consciousness,
he rode the wave to raise more than $2.5 million.
And last week, two GOP county chairmen disparaged Jews as penny-pinchers
in an Orangeburg newspaper commentary that backed U.S. Sen. Jim
DeMints opposition to congressional earmarks. They too apologized,
after being criticized by everyone from DeMint and SC GOP Chair
Karen Floyd to state Sen. Joel Lourie, a Columbia Democrat who is
the states only Jewish senator. Orangeburg County GOP Chair
Jim Ulmer said he didnt mean anything derogatory in his comments
because he thought he was showing how he admired Jews for
a method of bettering ones lot in life.
cant understand how educated, politically-involved people
did not see this as something that would clearly be offensive
political strategist Chip Felkel of Greenville said he was thankful
Ulmer and Bamberg County GOP Chair Edwin O. Merwin Jr. apologized,
but I cant understand how educated, politically-involved
people did not see this as something that would clearly be offensive
So all of this comes just since June, the same month the news, drama
and circus started about Gov. Mark Sanfords philandering in
Argentina. Then his scores of apologies started arriving.
See something of a pattern? Its almost as if theres
some kind of radical GOP training program through which some politicos
are instructed, Yeah, just go ahead and say anything you like
try to get one up on Glenn Beck and Sean Hannity if you can
but just be sure to be real sincere when youre done.
Democrats certainly havent been immune to gaffes of all sorts.
Just recall some of the things said by everyone from former Sen.
Fritz Hollings to now Vice President Joe Biden.
But what is all of this going on with the GOP these days in South
Its good for people to admit that some of the recent things
they said were wrong. But they really should watch what they say
in the first place.
This is not a case of being politically correct as much as
it is of simply not using common sense. We seem to have lost our
political acumen here lately, Felkel said.
Earlier this month at a Furman University town hall meeting, U.S.
Sen. Lindsey Graham heard catcalls and irate comments from hecklers
who questioned his conservative credentials. To his credit, Graham,
who has a strongly conservative voting record, didnt back
down from anti-government zealots. He told them that sometimes,
bipartisan compromise was important to the political process.
If you dont like it, you can leave, Graham said,
according to media accounts. And some did, but most stayed and heard
Graham tell the mostly-white crowd, Were not going to
be the party of angry, white guys. We're going to be a party of
center-right politics. In another comment, he said. Im
going to grow this party. Im not going to let it be hijacked
by Ron Paul.
Putting all of these recent incidents aside, prejudice doesnt
raise its ugly head as much these days as it did in the Souths
recent past. Just 46 years ago, firehoses and dogs were unleashed
on African Americans protesting segregation and seeking better economic
opportunities. Just two generations ago, prejudice was institutionalized
across government and Southern society.
Now after millions of Southern children have been educated in integrated
schools, the old prejudices of the past largely are locked away
for most people. And when they periodically rise, the opposition
to inappropriate racist and ethnic behavior is so universal that
the reaction sends a clear message that prejudice is unacceptable
Its good for people to admit that some of the recent things
they said were wrong. But they really should watch what they say
in the first place.
commentary first was published Friday in SC
Statehouse Report. Andy Brack, publisher of CharlestonCurrents.com,
can be reached at: email@example.com.
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RiverDogs team up to promote reading, exercise
part of a new fitness and education initiative, the Charleston RiverDogs
and the Charleston County School District are teaming up for "Reading
and Running With the RiverDogs," a program in 10 Charleston
County schools to emphasize the fun and benefits of daily reading
new program is an excellent way for children to learn about the
importance of reading and exercising, while associating the two
with Charlie T. RiverDog" said RiverDogs General Manager Dave
Echols. "The RiverDogs are pleased to have this direct association
with the Charleston County School District, and we hope to increase
participation each year."
Participating schools for the inaugural campaign are Burns, Mary
Ford, Frierson, Mitchell, Dunston, Hursey, Sanders-Clyde, North
Charleston, Midland Park and James Simons elementary schools. Two
third-grade classes from each school will participate in the program,
which consists of five six-week "innings" with first-,
second- and third-place ribbons awarded in each individual class
after the completion of each inning and at the conclusion of the
an inning is finished, the class with the most points in each school
will have custody of the school's trophy and bragging rights until
the next winner is determined after the following inning. Each class
will also have an individual points winner after every inning, with
that child getting an autographed Charlie T. RiverDog mascot bobblehead.
Children receive points each time they reach a designated reading
or fitness goal. One point is awarded for every 20 minutes a child
spends reading and for every 20 minutes exercising, while two points
are awarded if the exercise is done for the good of another (washing
a car, raking leaves, walking a neighbor's dog, etc.). Each child's
points log must be accumulated outside of class and class assignments,
and parents must sign off on the points log.
order to further help the effort, Charlie will visit the kids at
the beginning of each inning to pump them up about exercising and
reading, and RiverDogs' staff members will read to classes during
each inning. Charlie will also be the one who hands out prizes for
the children's hard work. For more information on the program, call
the RiverDogs' Jamie Ballentine at 577-DOGS (3647).
PRC will have you
climbing the wall on Halloween
you're not afraid of things that go bump in the night - and if you're
not afraid of heights - the Charleston County Park and Recreation
Commission is offering a special Halloween edition of the Full Moon
Climb. The event takes place at the Climbing Wall at James Island
will have the chance to experience the thrills and chills of the
night as they race up the Climbing Wall in their Halloween costumes.
Prizes will be awarded for the best costume in the following categories:
Best Overall, Most "Retro" Climber, Scariest, and Best
Couple. Halloween treats will be served - after the climb up the
50-foot wall - and while Mom and Dad climb, the younger ghouls and
goblins can explore the jump castle under the light of the full
climb will take place from 6 p.m. to 10 p.m. Oct. 31 at the park.
The fee is $10 for Charleston County residents, $12 for nonresidents.
A chaperone is required for participants 15 and under. For more
information or to register, call 795-4FUN or visit http://www.ccprc.com.
plan events to support nonprofit breast center
businesses have added several new events between now and the end
of the month to promote the nonprofit Charleston
Breast Center. The events are part of the center's "Dine,
and Donate in the Pink" program, which has taken
place throughout October to mark Breast Cancer Awareness Month.
The new events on the calendar are:
Oct. 28 from 5 p.m. to 10 p.m., Samos Taverna at 819 Coleman Blvd.
in Mount Pleasant will be decked out in pink from the menus to the
employees and will offer rosé sparkling wine along with the
regular dinner menu. Ten percent of all purchases benefit the Charleston
Breast Center. Call the restaurant at 856-5055 for more information.
Through Oct. 31, Ted's Butcherblock, 334 East Bay St., will donate
10 percent of all rosé wine sales to the CBC. Call 577-0094
And, through Oct. 31, Dry Clean USA at 1595 Savannah Highway will
be selling pink wristbands and ribbons in honor of the owners' mother,
Janie Cagle Sennett, who died of breast cancer in 2005. Wristbands
are available for $3, and purchasers will get a 10 percent discount
on their next dry-cleaning order. Ribbons are available for $5,
which comes with a wristband and a 20 percent discount on their
next dry-cleaning order, or for $10, which includes the wristband
and a 30 percent discount on the next order. Call 769-7575 for more
The CBC, founded in 2006 by Dr. Lisa Baron, is an imaging center
specializing in breast services with the goal of raising the bar
in breast cancer detection and patient care for women in the Lowcountry.
The center says its nonprofit status enables the staff to focus
on the highest level of care and personalized service for patients,
resulting in a breast cancer detection rate of twice the national
average and a designation as a Center of Excellence.
us your opinion
If you have a review of a book, movie, restaurant or local arts
endeavor, please send no more than 150 words to editor Ann
Thrash. Make sure to include your name and full contact information.
phenomenon piques the curiosity of both visitors and lifelong residents:
why do South Carolina liquor stores display red dots? The answer
lies in a heated battle between drys and wets that developed when
liquor sales became legal again in 1935 after Prohibition.
the red dots on this liquor store in Pickens County. No other
sign indicates the store sells liquor.
the ensuing decade, those selling booze, diehard Prohibitionists,
and the State Tax Commission (given the task of regulating this
revived trade) wrangled constantly over on-site advertising. Storefront
ads so infuriated upcountry drys that in 1938, authorities decreed
that only a discreet "Retail Liquor Dealer" sign could
be displayed. Seven years later, with creation of the Alcoholic
Beverage Control Board (ABC), they decided to reduce any such sign
to letters only a few inches high placed in the lower right-hand
corner of a display window or on the front door. Liquor stores of
that era had no back door.
these circumstances, Jesse J. Fabian, a successful Charleston liquor
dealer, hired "Doc" Wansley to create a legal sign for
one of his shops. When it was completed, Wansley realized that few
would notice such minuscule lettering and, inspired by a design
then found on every pack of Lucky Strike cigarettes, drew a bright
red circle around his masterpiece. Thus was born South Carolina's
famous red dot.
now-familiar circles grew and prospered until January 1968, when
the ABC suddenly ruled that these constituted advertising and should
be banished from the landscape. The General Assembly voted instead
to save the dot, although members agreed that on each exterior wall
of a store there could be only one dot, not to exceed thirty-six
inches in diameter. These subsequent rules have been relaxed somewhat,
but into the twenty-first century the red dot remained a faithful
beacon for those seeking liquor, as well as a warning sign for those
determined to avoid it.
Excerpted from the entry by John H. Moore. To
read more about this or 2,000 other entries about South Carolina,
check out The
South Carolina Encyclopedia by USC Press. (Information used
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newspapers, cans, bottles -- how about oysters? Oyster shells, to
be specific. The S.C. Department of Natural Resources has a project,
funded by the revenue generated by Saltwater Recreational Fishing
License sales, to recycle oyster shells. The shells are used in
local waters to give new, growing oysters a friendly place to perch
and develop. Here are five sites in Charleston County where you
can take shells to be recycled. For a full list of all 16 sites
up and down the state's coast, as well as maps of these locations,
Johnson Road - From Charleston take Savannah Highway South.
Turn left off Folly Road onto Fort Johnson Road for 4.8 miles.
Enter the SCDNR gate, continue on the main road and follow the
oyster drop-off sign. The drop-off site is in the back of the
grass field with a trailer and sign.
Landing - Take U.S. 17 North toward Awendaw. Turn right on
Seewee Road and go 3.5 miles. Turn right on Bulls Island Road
and follow to the end. Drop-off site is in the left back corner
of the parking lot near the restroom area.
Landing - Take S.C. 642/Dorchester Road north. Turn left onto
Ladson Road. Follow Ladson Road for 0.6 mile. Enter Jessen Landing.
Drop-off site is to the right near the fence of the parking lot
as you enter.
Pleasant - Take U.S. 17 North for 0.8 mile past the Isle of
Palms Connector, then turn right onto Six Mile Road before Laing
Middle School. Take Six Mile Road for 0.25 mile and turn right
into the Mount Pleasant Public Works Facility. Shell recycling
drop-off is on left.
Ashley - Leaving Charleston, take Highway 61 (St. Andrews
Boulevard). Approximately 1.8 miles from the Ashley River bridges,
a drop-off trailer is located approximately 0.2 mile on the right
hand side of the road, before the fork of Highways 171 and 61.
waiting it out
extraordinarily patient, provided I get my own way in the end."
Thatcher, former British prime minister (1925 -)
Pleasant Voters Forum: 7 p.m. Oct. 26, Mount Pleasant
Municipal Complex, 100 Ann Edwards Lane. Sponsored by League of
Women Voters of the Charleston Area and the Charleston Metro Chamber
of Commerce. Mayoral candidates Joseph M. Bustos, Gary K. Santos
and William D. Swails will make statements, and audience can ask
questions. The 19 Town Council candidates will make short statements.
Free and open to the public.
Graham Dance Company: 7:30 p.m. Oct. 27, Gaillard Auditorium,
77 Calhoun St. The Charleston Concert Association opens its 73rd
season with the Martha Graham Dance Company, a modern-dance company
called "one of the seven wonders of the artistic universe"
by the Washington Post. Tickets: $25 to $99; on sale at the Gaillard
box office or order
online through TicketMaster. More info: http://www.charlestonconcerts.org.
Education Summit: 7:30 a.m. to 11 a.m. Oct. 28, the College
Center at Trident Technical College, North Charleston. The Charleston
Metro Chamber of Commerce's Education Foundation will host the 14th
annual Business Education Summit. The theme is "Building the
Pipeline" within the public schools so that all students graduate
equipped with the knowledge and skills to further their education
or go directly into the workforce. A representative from the Ford
Motor Company's Next Generation Learning Communities program will
outline its national model and discuss why the nine communities
in the Ford network have been successful in transforming their schools,
and why Charleston has been invited into the network. Cost: $50
for educators, $85 for others. Registration
is online here.
of Palms Voters Forum: 7 p.m. Oct. 28, Isle of Palms
Recreation Center, 24 Twenty-Eighth St., Isle of Palms. Sponsored
by League of Women Voters of the Charleston Area and the Charleston
Metro Chamber of Commerce. Mayoral candidates Richard Cronin and
Jimmy Ward are expected to take part, as are City Council candidates
Barbara Bergwerf, Marty Bettelli, Ron Denton, Barbara Gobian, Sandy
Stone and Douglas A. Thomas. Free and open to the public. Audience
may submit questions at forum for candidates to answer.
Red Party: 7 p.m. to 11 p.m. Oct. 29, Old City Jail,
21 Magazine St. The American College of the Building Arts will present
the party, during which the always-spooky Old City Jail will be
transformed into a rich red venue. Attendees are asked to dress
in red and wear masks. The event features a raffle and silent auction
with items such as luxury trips to Africa and the Caribbean. DJ
Arthur Brouthers will provide music for guests to dance to on a
color-changing, illuminated dance floor. Open bar; food by Carolina
Catering. Tickets: $55 in advance, $65 at the door. To purchase,
call 577-5245, visit
online or e-mail
or Treat in the Park: 4 p.m. to 6 p.m. Oct. 30, Hampton
Park. Free event sponsored by the city of Charleston Recreation
Department. Kids up to age 12 can trick-or-treat in a safe, family-friendly
environment featuring hay rides, jump castles, magic shows and theme-decorated
vehicles full of candy.
at the Museum: 6 p.m. to 8 p.m. Oct. 30, Charleston Museum.
A special Halloween-season edition of the popular event will feature
glimpses of rarely seen animal mounts, fencing demonstrations, a
colonial nautical touch table, new historical figures, and an elaborate
scavenger hunt. Kids will be able to make Halloween crafts, learn
about the Museum's funerary collection, and more. Costumes welcome.
Cost: museum members, $10 per adult, $5 per child; nonmembers, $20
per adult, $10 per child; under 3 get in free. A light pizza supper
is included with the ticket price. Registration (required): online
or 722- 2996, ext. 264.
Sisters, Adversaries': 3 p.m. Nov. 1, Gibbes Museum of
Art, 135 Meeting St. The Charleston Chamber Opera and the Gibbes
Museum of Art are partnering for an hourlong program that explores
the diversity of female relationships in some of opera's most beloved
stories, including "Madama Butterfly," "Carmen"
and "Suor Angelica." Featured performances by soprano
Patrice Tiedemann and mezzo soprano Lara Wilson, with narration
by actress Terry Bell-Aby and piano accompaniment by musical director
Steven Morris. Tickets: $10 for museum members and students, $20
for nonmembers. Purchase online, at the Gibbes Museum Store or by
calling 722-2706, ext.18.
Charleston Style: 5:30 p.m. to 7 p.m. Wednesdays, Sept. 30
through Nov. 18, Culinary Institute of Charleston's Palmer Campus,
66 Columbus St., Charleston. A series of short courses celebrating
the many facets of entertaining with a focus on Charleston style
and traditions. Guest presenters include hosts, event professionals,
authors, collectors, stylists and other specialists known for their
distinctive contributions to local hospitality and tourism. Light
beverage and cocktail samplings will be provided. Cost: $149. More
ONGOING AND SOON
Business Summit: 7:30 a.m. Nov. 4, College Center at
Trident Technical College. Charleston Metro Chamber's annual Small
Business Innovation Summit and Expo showcases new ideas, technologies
and small businesses in the region. Keynote speaker will be Rieva
Lesonsky, former editorial director of Entrepreneur Magazine. Conference
includes breakout sessions on topics such as business planning,
funding, marketing, social media, branding and technology; an exhibition
hall; networking luncheon; and the presentation of awards in the
New Ideas SC Contest. Registration at 7:30 a.m., program from 8
a.m. to 4 p.m.; awards reception from 4 p.m. to 6 p.m. Cost: $125
chamber members, $225 nonmembers; includes a continental breakfast,
luncheon and closing reception. More
Workshops: Nov. 7, Charleston Museum, 360 Meeting St.
As part of the new exhibit "Aisle Style:150 Years of Wedding
Fashion," the museum and professional calligrapher Natasha
Lawrence will offer two workshops on calligraphy: Introduction to
Calligraphy (10 a.m. to noon) and Wedding Calligraphy (1 p.m. to
3 p.m.). All materials are included: a calligraphy pen to keep,
a workbook, practice paper and more. Cost: $25 for museum members,
$30 nonmembers, per workshop; $5 discount if taking both workshops.
Registration (required): 722-2996, ext. 235, or online
Local Music on the Farm: Noon to 5 p.m. Nov. 8, Thornhill
Farm, 10822 Highway 17 North, McClellanville. Family-friendly event
benefits Adaptive Gardens of the Lowcountry, which enrichs the lives
of people with disabilities by promoting healthy living, social
bonding, and vocational and recreational pursuits through horticultural
activities. Enjoy barbecue and oysters, hayrides, face-painting
and a jump castle. Music by the Holy City Sinners, Skye Paige and
the Original Recipe, the Hungry Monks, French Toast, and the Toasted
Beets. Cost: $25 adults, $10 ages 5-15. Tickets
can be found online.
Fall Harvest Dinner: 4 p.m. Nov. 8, Legare Farms.
Legare Farms Education Foundation will hold its annual harvest dinner
beginning with a "meet the farmer" reception at 4 p.m.,
followed by dinner at 5 p.m. All the food will be Legare Farms'
own and will be prepared by ten of Charleston's top chefs, with
beer from Coast Brewery and Palmetto Brewery along with wine from
Irvin House Vineyards. Event benefits the foundation. Tickets: $50
per person. Call 559-0788 or e-mail email@example.com.
Luncheon: Noon to 1:30 p.m. Nov. 12, Trident Technical
College Complex for Economic Development. The Charleston Regional
Development Alliance's annual luncheon will feature a talk by David
Sanger, chief Washington correspondent for The New York Times and
the author of "The Inheritance: The World Obama Confronts and
the Challenges to American Power." Book signing will follow
the luncheon (copies will be available for purchase at the event).
Tickets: $60, available
Polar Plunge prep
Homes for Christmas
Enjoy holidays sans lbs.
Instruments of Hope
Armas: Latin biz expo
Be a principal
Women at Gibbes
new food show
on car tags
way of tithing?
over on Sanford
off a little
is time for courage
place for prejudice
fun at Halloween
to old clunker
to squeeze in
on holiday lights
a tourist here
lists of year