Posts published in “Day: April 17, 2008”
If youve been investing for a while, you know that there are few guarantees in the investment world and that, in one way or another, youre going to be taking some risks with your money. Still, youd like to know that youre participating in a system that is fair to everyone and that is governed by rules. So you may ask yourself: Whos looking out for me?
Fortunately, youre not alone. In fact, a variety of government agencies and industry groups are working to protect you. Lets take a quick look at some of them:
* SEC – The Securities and Exchange Commission (SEC) was created in 1934, in the midst of the Great Depression, to restore investor confidence in U.S. capital markets. The laws that created the SEC were designed to ensure that companies selling securities must tell the public the truth about their businesses, the securities they sell and the risks involved. The SEC may investigate a wide range of violations, including outright theft, price manipulation, insider trading and misrepresentation or omission of key information about securities, To get a more detailed understanding of what the SEC does, go to their web site at www.sec.gov.
* FINRA – The Financial Industry Regulatory Authority (FINRA) was created in July 2007 through the consolidation of the National Association of Securities Dealers (NASD) and the member regulation, enforcement and arbitration functions of the New York Stock Exchange. FINRA registers and educates financial services professionals, writes and enforces rules, enforces federal securities laws and educates individual investors. You can learn more about FINRA by visiting its web site at www.finra.org.
* NASAA – The North American Securities Administrators Association (NASAA) licenses brokerage firms and their agents, investigates violations of state laws, files enforcement actions and educates the public about investment fraud. To learn more, visit NASAAs web site at www.nasaa.org.
These agencies, and others involved in the investment world, work hard to protect your interests – because the capital markets, as a whole, will always benefit when investors are confident that they are participating in an equitable system.
But despite the work of these agencies, you still need to take steps to defend yourself against unpleasant surprises down the road. Here are a few ideas to consider:
* Know your investments. Never invest in something that you dont fully understand. Before you write a check, make sure you know exactly what goes into an investment, along with its potential benefits and risks.
* Know your risk tolerance. If youre losing sleep over the fate of your investments, you may be taking on more risk than you should. On the other hand, however, you may sometimes need to move outside your comfort zone to achieve your financial objectives. If, for example, you invest too conservatively, your portfolio may not provide enough growth potential to keep up inflation, which, over time, can be a real threat to your financial security.
* Work with a financial advisor who knows your situation. An ethical, professional financial advisor – someone who knows your needs, goals and investment preferences – should only recommend investments that are appropriate for you.
Between your awareness of the various regulatory agencies and your own informed actions, you can feel confident about your ability to invest – and thats a good feeling to have.
DAYTON– The 16th annual Dayton Ole Tyme Days Festival will be held April 18-20, in downtown Dayton.
The downtown streets will be blocked off all weekend to make room for kids of all ages to have a great time. The festival begins on Friday evening with the Carnival at 6 p.m. and a special performance by the Texas Revolution Band at 8 p.m.
Saturdays events include the Photo Contest, Youth Bake-Off Contest, BBQCookoff, Junior Chili Cookoff, Car Show and Antique Tractor Show.
Saturdays entertainment schedule for the main stage includes: 10 a.m. – Star Twirlers; 10:30 a.m. – Star Cheer & Gymnastics; 11 a.m. – Bake-Off Awards & Auction; 12 p.m. – Shanas Dance Place; 12:30 p.m. – Invincible Eagle Band; 1 p.m. – Rhinestone Gospel Chicks; 1:30 p.m. – Jr. Chili Cookoff Awards; 2 p.m. – Friends of The Gospel; 3 p.m. – Hayley & CD Williams; 3:30 p.m. – Benjamin Brighteyes Band; 5 p.m. – Southern Side Steppers; 5:30 p.m. – Marty Deshazo; 6 p.m. – Street Dance Set Up; 8p.m. – Texas Revolution Band.
Festival Admission is free! Come to Dayton for the weekend and enjoy the great food, live music, arts & crafts in every street. For more details on all the events, visit our web site at www.oletymedays.com.
The photo contest is sponsored by Lee College. Entry divisions are Landscapes & Scenery, Animals or People. 1st Prize is a free continuing education class (valued up to $100). 2nd & 3rd prizes will each be a gift basket. For more information on entries, visit: www.oletymedays.com. Prizes will be awarded at 1:30 p.m. on the Main Stage.
Bake-off entry turn in is between 9-11 a.m. Saturday at Kountry Kitchen on Main Street. Categories are cakes (no ice box cakes), cookies (24 cookies to qualify) or Pies (no ice box pies). All items will be auctioned off with proceeds benefitting the scholarship fund.
The BBQ Cookoff runs from Friday evening through Sunday afternoon. Categories include Brisket, Pork Ribs, Chicken, Beans, Cooks Choice Main Entry, Cooks Choice Dessert, Beef Fajitas, the Omelet-Off and the Margarita Contest. These cooks take their cooking very seriously and the results are delicious!
The Jr. Chili Cookoff has two divisions: Juniors 5-12 years of age and Seniors 13-18 years of age. The teams not only cook, but the also get very creative in decorating their cookoff area. Taster Choice tickets are available for the Junior Chili Cookoff and well worth the price of $1 each or 6 for $5.
The Car Show will be held at Prosperity Bank. Divisions include: Antique, Street Rod, Modern Classic, Modified Classic, Muscle Car, Custom Truck, Custom Open and Youngest Entry (youngest person entering a vehicle in the car show).
The Antique Tractor Show will be held at The American Rice Growers lot at the corner of FM 1960 and Hwy. 321. Registration ends at 10:30 a.m. Saturday. Trophies will be awarded for Peoples Choice and Originality. Certificates will be awarded in the Slowest Tractor Race.
The Ole Tyme Days Festival is held annually to promote Dayton, Texas and to raise money for local youth scholarships. The festival has grown tremendously over the past sixteen years.
All proceeds benefit the Dayton Ole Tyme Days Youth Scholarship Fund. In 2007, the group was able to award $28,500 in scholarships.
Enthusiastic youngsters lead survivors on the first lap of this years Relay for Life. To date, the relay has raised over $801,000 this year alone. Organizers set a goal of $800,000. The Bay Area is seeking to become the top fundraising event for a record eight consecutive years. According top event organizers last year the Bay Area Relay for Life was also the number one fundraiser in a five-state area and was ranked 19th nationally. Over 3,700 people participated in the event held last Friday and Saturday at Stallworth Stadium, the all night walkathon-party also featured volleyball and dodge games, live music and several food booths.
MARTI BORDERS, 49, Crosby
See details in print edition.