Tag Archives: Judy Spalthoff

POCKETBOOK: Week ending June 23, 2018

Passed on a money-related photo this week for something far more important than money.
  • 1% Wealth Money Lessons

 If you’ve got wealth envy, forgetaboutit. No matter where one falls on the how-much-money-do-you-have chart, everybody  has money worries/concerns to some degree or another.

The ultra rich have the “rice-paddy-to-rice-paddy” thing going on—that’s the same as the “from shirtsleeves to shirtsleeves in three generations” concern. Both sayings point out that the delicacy and trickiness of a family keeping and maintaining its wealth through the generations ain’t easy. The paycheck to paycheck folks worry about where the bucks to keep a roof over their heads is going to come from before their next pay-day. And all the folks in the middle have money worries, too.

That said, teaching your kids about money is as important as teaching them to brush their teeth and wash their face every day.

CNBC recently published a piece titled, “What the 1 percent are teaching their children about money”. The story included four money lessons. I modified it to three. All of them are simple and worth talking with and to kids about whether you are a parent, teacher, friend, relative or someone who just likes helping kids. And, rich or just getting by.

They include:

-Have a money message and communicate those money values.

“We’re more than what’s in our bank account,” said Judy Spalthoff, executive director and head of family and philanthropy advisory at UBS. ”If what defines our family is just what’s in our bank account. It’s not productive. We’re sending the wrong message of who we are.”

In other words, I say don’t make a big deal out of teaching your kids how much money/wealth your family has or how little it has. Each of us is a unique individual with talents all our own that count and have value no matter how much money our family has or doesn’t have.

-Put your children to work.

-Give back. Teaching your kids to donate their time and talents to others might just be the most rewarding lesson you’ll ever teach them.


  • Market Quick Glance

It’s back to bumpy.

We are almost half way through this year and there isn’t much to crow about when comparing your year-to-date returns to that of the various indices—unless, of course, you’re a NASDAQ or Russell 2000 fan. They’re both up double digits while the  DJIA is underwater.


Below are the weekly and 1-year index performance results for four major indices— including the dates each reached new highs—according to CNBC.com based on prices at the close of business on Friday, June 22, 2018.

DJIA -0.56% YTD underwater and down from the previous week’s return

  • 1 yr Rtn 14.88% up from the previous week’s 14.27%

Most recent DJIA all-time high was reached on January 26, 2018 of 26,616.71. The previous high was reached January 18, 2018 was 26,153.42.


-S&P 500 3.047% YTD down from last week’s 3.97%

  • 1 yr Rtn 13.16% down from last week’s 14.27%

The S&P 500 reached its most recent all-time high on January 26, 2018 of 2,872.87. The previous high was reached on January 19, 2018 of 2810.33.


-NASDAQ 11.44% YTD down from last week’s 12.21%

  • 1yr Rtn 23.35% down from last week’s 25.63%

Nasdaq reached a BRAND NEW ALL-TIME HIGH on June 20, 2018 of 7,806.6. The previous highs was reached on June 14,2018 of 7,768.6.


-Russell 2000 9.77% YTD up from last week’s 9.66%

  • 1yr Rtn 20.01% up from last week’s 19.42%

The Russell 2000 reached a BRAND NEW ALL-TIME HIGH on June 20, 2018 of 1,708.1. The previous high was reached June 12, 2018 of 1,686.37.


-Mutual funds

The total return performance of the funds under the U.S. Diversified Equity Funds heading had an average return of 5.04% at the close of business on Thursday, June 21, 2018, according to Lipper. That’s up from the June 7, 2018 average total return of 5.11%.

Yes, it’s still a small cap world and will likely continue to be for the near future with Small-Cap Growth Funds up on average 15.66% followed by Mid-Cap Growth (10.56%) and Multi-Cap Growth Funds (10.55%).

Of the 25 largest funds, based on asset size, the two big winners were the Fidelity Contra Fund, 11.77%, and the American Funds Growth A Fund, 10.52%. Both are large-cap growth funds.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.


  • Banks got money and they’ll spent it on you if….

Seems as though banks are so flush with cash they’re dolling it out for free. Well, kinda sorta.

If you’ve got a few hundred or many hundreds of dollars that you don’t know what to do with, consider investigating the banks that offer cash bonuses for people willing to open a new account with their bank.

But, as with  all money-related things in life, there are a few catches. Which means, ya gotta read the small print and understand the deal before you fall for it.

For instance, there are always terms—such as the amount of money required to open a checking or savings account, the length of time required to qualify for the bonus, etc.

Like I said, you’ve got to research and read the deal before committing to it.

If you don’t, all could be for naught and could wind up costing you.

Oh, and remember:  any bonus money is TAXABLE.