31 OctCandidates for 85th, 86th Assembly races debate at UW-Marathon County

WAUSAU, Wis. (WSAU) — The candidates for the 85th and 86th Assembly districts took questions Monday night from members of the Wausau Area Chamber of Commerce.

One question that all of the candidates answered was from the Executive director for MCDEVCO, Jim Warsaw. Which specific industries do you see as having the most growth potential in your district, and how would you support them?

85th Assembly Candidate Dave Heaton says hes pushing for growth in manufacturing with better funding for technical colleges. We are teaming up with the tech schools. I think that sets the stage for great opportunities for manufacturing, but it also sends a message for the other industries. Its not just manufacturing, we have other industries we want to focus on as well.

Incumbent Mandy Wright says shed like to help the healthcare industry by restoring federal funding under the Affordable Care Act. Its estimated that 10,000 people across the state of Wisconsin would be employed in the healthcare community if we expected the federal expansion funds for the Affordable Care Act.

86th Assembly challenger Mary Stencil agreed with Wright and said it was a growth opportunity for the region. I think we should have accepted the federal monies. I see great potential, theres several hospitals in our area and we can build on that.

Incumbent John Spiros says hed focus on continuing to improve technical education funding for kids and young adults. We put 135 million into the tech schools as far as the Fast Forward program, I think thats important. We need to do the same thing with the high schools and weve done some of that, and we need to basically explain from the lowest level up what other opportunities are there.

Sun Printing sales representative Crystal Sippl asked Wright and Heaton what they would do to improve k-12 education outcomes other than increasing funding for school districts.

Heaton says hed like to see expanded use of alternative schools to help reach kids in need. We want to make sure that were considering all of our options, and we want to make sure that were bringing all the stakeholders to the table to make these decisions: the teachers, the educators and the parents. Especially the parents, who are the ultimate consumer of our education product.

Wright says the funding needed is already there, but that the state needs a better job making sure its going where its needed. Its really important to consider funding and theres only so much we can do. And I truly believe theres fraud, waste, and abuse in our education funding, and if we redirected it where we really needed it we could be far more efficient and safe a lot of money.

Al Radant, owner of Radant Insurance asked Spiros and Stencil what specific piece of legislation they would offer to improve business in the area.

Stencil says shell work to improve small business startup loans. We need to better serve business startups to find a way to fund their businesses so they can grow, because you are actually the backbone of communities.

Spiros says hes working to stop the double taxation of business owners on their business properties. Weve made exemptions for a lot, weve cut this down over the years from 1950 to now. I think its one of those things we have to look at, its one of those things I hear from small businesses from other businesses.

There are several more debates scheduled this week in Wausau. State senator Jerry Petrowski and challenger Paul DeMain meet Tuesday night at 7 pm in a debate for the 29th State Senate race. Republican representative Sean Duffy and challenger Kelly Westlund debate Wednesday night at 7 pm

(You can listen to the debate in our Newsmaker Poscast section by clicking this link!)

31 OctPete the Planner says businesses should focus on employees’ financial wellness

Peter Dunn, a personal finance expert, author and radio host whos more commonly known as Pete the Planner, says businesses should teach their employees about financial wellness rather than just about its 401(k) offerings.

Dunn was in Honolulu this week presenting to financial advisors and plan sponsors, or employers, with Indianapolis-based OneAmerica, which recently opened a regional office for retirement services in downtown Honolulu.

Dunn, who is also from Indianapolis and has his own business independent of OneAmerica, talks to plan sponsors around the country to help them understand how making their employees financially well impacts the lives of their employees and the companies bottom lines. Its also the right thing to do to take care of peoples lives, he said.

Hawaiis one of those climates that you can pull that off because the culture supports it, Dunn said. Frankly, I travel the country and sometimes my message falls on deaf ears because its just not the way of the people, but here it makes sense.

OneAmerica and Pete the Planner dont offer the same services, but they found that by focusing on everything other than assets, like eliminating debt, people are able to grow their assets for retirement.

Dunn said the average household spends money 22 times a week. Spending is for the present, and he says people have a hard time connecting their financial past, present and the future, which makes it difficult to reconcile existing debt and saving for retirement.

For the most part, people do understand what they need to do, Dunn said, but it requires behavioral change. People react to spending and shopping like they do to food – we know what is good food and bad food, but what makes us feel happiest is likely not the healthiest.

31 OctBusiness Enterprise Support runs trade fair for budding entrepreneurs

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A SUPPORT service for budding entrepreneurs is holding a free exhibition for people looking to set up in business.

Business Enterprise Support (BES) has teamed up with Port Vale Football Club to host the event at Vale Park in Burslem on Wednesday November 19.

The fair, which runs from 10am until 4pm, is aimed at those thinking of starting their own business but unsure of where to start, those looking for free help and support or those running their own company but unsure of their next step.

BES will be offering guidance and advice to those contemplating self-employment as a career option, and providing support to those who have already launched their own business.

30 OctCavco Industries Reports Fiscal 2015 Second Quarter Results

PHOENIX, Oct. 30, 2014 (GLOBE NEWSWIRE) — Cavco Industries, Inc. (Nasdaq:CVCO) today announced financial results for the second quarter and first six months ended September 27, 2014 of its fiscal year 2015.

Financial highlights include the following:

  • Net revenue for the second quarter of fiscal 2015 was $139.3 million, up 7.3% from $129.8 million for the second quarter of fiscal year 2014. Net revenue for the first six months of fiscal 2015 was $278.5 million, up 5.6% from $263.8 million for the comparable prior year period.
  • Net income attributable to Cavco stockholders was $5.5 million for the second quarter of fiscal 2015, compared to $4.3 million reported in the same quarter of the prior year. For the firstsix monthsof fiscal2015, net income attributable to Cavco stockholderswas$11.2 million, compared to$6.1 millionduring the firstsix months of the last fiscal year. The prior fiscal year amounts were after a deduction of $0.4 million and $2.5 million for the three and six months ended, respectively, of net income attributable to redeemable noncontrolling interest, which was eliminated in July 2013 in relation to the buyout of all redeemable noncontrolling interest, as previously reported.
  • Net income per share attributable to Cavco stockholders for the second quarter of fiscal2015, based on basic and diluted weighted average shares outstanding was $0.62 and $0.61, respectively, versus $0.51 and $0.50, respectively, for the prior year second quarter. Net income per share attributable to Cavco stockholders for thesix months endedSeptember 27, 2014, based on basic and diluted weighted average shares outstanding was$1.27 and $1.25, respectively, versus $0.80 and $0.79, respectively,for the prior year six month period.

Joseph Stegmayer, Chairman, President and Chief Executive Officer said, Cavco is pleased to report further modest earnings improvement in the continually challenging housing environment. We believe that demand for manufactured housing is improving, but adverse economic factors and constrained credit, in part related to government regulations, have limited the ability of many people to buy homes. Home sales activity has been more robust in markets with higher levels of consumer confidence and stronger employment gains. In all regions, however, home loan underwriting requirements continue to be especially stringent for buyers of affordable homes and the availability of manufactured home lending options has been constrained.

Given these circumstances, Cavcos primary objective is to produce homes that are responsive to a variety of home buyer living preferences and housing needs. This means meeting affordability and financing requirements through concentrated efforts, including production efficiency and flexibility in home design and pricing. This also means strict attention to construction quality and responsive warranty services to ensure lasting value from each residence, Mr. Stegmayer concluded.

Cavcos management will hold a conference call to review these results tomorrow, October31, 2014, at 1:00 PM (Eastern Time). Interested parties can access a live webcast of the conference call on the Internet at www.cavco.com under the Investor Relations link. An archive of the webcast and presentation will be available for 90 days at www.cavco.com under the Investor Relations link.

Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and company-owned retailers. The Company is a leading producer of manufactured homes in the United States, based on reported wholesale shipments, marketed under a variety of brand names including Cavco Homes, Fleetwood Homes and Palm Harbor Homes. The Company is also a leading builder of park model homes, vacation cabins and systems-built commercial structures, as well as modular homes built primarily under the Nationwide Homes brand. Cavcos mortgage subsidiary, CountryPlace, is an approved Fannie Mae and Ginnie Mae seller/servicer and offers conforming mortgages to purchasers of factory-built and site-built homes. Its insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes.

Certain statements contained in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. In general, all statements that are not historical in nature are forward-looking. Forward-looking statements are typically included, for example, in discussions regarding the manufactured housing and site-built housing industries; our financial performance and operating results; and the expected effect of certain risks and uncertainties on our business, financial condition and results of operations. All forward-looking statements are subject to risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Factors that could cause such differences to occur include, but are not limited to: adverse industry conditions; our ability to successfully integrate Fleetwood Homes, Palm Harbor, CountryPlace, Standard Casualty and any future acquisition or attain the anticipated benefits of such acquisition; the risk that past acquisitions and any future acquisition may adversely impact our liquidity; entry into new lines of business, namely manufactured housing consumer finance and insurance; a constrained consumer financing market; curtailment of available financing for retailers in the manufactured housing industry; our participation in certain wholesale and retail financing programs for the purchase of our products by industry distributors and consumers may expose us to additional risk of credit loss; significant warranty and construction defect claims;our contingent repurchase obligations related to wholesale financing; market forces and declining housing demand; a write-off of all or part of our goodwill; the cyclical and seasonal nature of our business; limitations on our ability to raise capital; competition; our ability to maintain relationships with independent distributors; our business and operations being concentrated in certain geographic regions; labor shortages; pricing and availability of raw materials; unfavorable zoning ordinances; general deterioration in economic conditions and continued turmoil in the credit markets; increased costs of healthcare benefits for employees; governmental and regulatory disruption; information technology failures and data security breaches; together with all of the other risks described in our filings with the Securities and Exchange Commission. Readers are specifically referred to the Risk Factors described in Item 1A of the 2014 Form 10-K, as may be amended from time to time, which identify important risks that could cause actual results to differ from those contained in the forward-looking statements. Cavco expressly disclaims any obligation to update any forward-looking statements contained in this release, whether as a result of new information, future events or otherwise. Investors should not place any reliance on any such forward-looking statements.

30 OctLBA Awarded Certified Minority-Owned Business Enterprise Status

Greenville, NC (PRWEB) October 29, 2014

LBA Group, Inc. (LBA) announced that the company has been granted minority certification by the Carolinas-Virginia Minority Supplier Development Council (CVMSDC) for 2014 – 2015. The CVMSDC is comprised of major corporations, financial institutions, government agencies, and universities that operate within North Carolina, South Carolina, and Virginia. It reviews and accredits minority small businesses as a pathway to a more diverse supplier base. Certified companies must meet specific criteria and provide required documentation in an application process that includes a site visit, Certification Committee Review, and final approval from a CVMSDC Board Review.

“As the chief executives of many of the country’s biggest companies see it, a diverse supplier base is no longer an option – it’s a business necessity,” the CVMSDC stated.

Minority suppliers are the country’s fastest growing sector, according to CVMSDC. LBA’s status as a Hispanic minority business enterprise means the company is in the position to meet the needs of other businesses that seek to be responsive to their customer’s diversity inclusion needs.

“We are pleased to be in the position to meet the needs of many companies in the wireless and communications sectors seeking a network of diverse suppliers,” LBA COO, Mike Britner said.

The CVMSDC reaffirmation of LBA’s status continues LBA Group’s role as a distinguished Minority Business Enterprise. The company has been honored with Top 50 diversity status in North Carolina on three occasions. It has also achieved INC5000 status twice.

For more information about LBA and its business units, contact Katie Sneed at: 252-757-0279, katie(dot)sneed(at)lbagroup(dot)com.

About LBA Group, Inc.

LBA Group, Inc. has over 50 years of experience in providing technology and risk management for industrial and telecommunications infrastructure assets. The company is comprised of LBA Technology, Inc., a leading source and integrator of radio frequency systems, lightning protection, and EMC equipment for broadcast, industrial, and government users worldwide; the professional technical consultancy Lawrence Behr Associates, Inc.; and LBA University, Inc. providing on-site and online professional training. The companies are based in Greenville, NC, USA.

About CVMSDC

CVMSDC provides a direct link to qualified diverse suppliers and solutions to meet corporate and government supply chain objectives. This includes a database of certified diverse firms, as well as programs, training and services critical to achieve a successful supplier diversity program. It is an affiliate of the National Minority Supplier Development Council (NMSDC).

30 OctFunctional Economics – Getting Your House in Order

Many of you have are aware of the incredibly fragility in the world financial system. Most have seen it coming for some time. Many of you saw it all coming before the great crisis of 2007-2008. Some of you saw it before the Dotcom crash. Perhaps a few of you saw it all before the Savings and Loan crisis.

Very few remember the Penn Railroad bailout, and the lead-up to the end of Breton Woods. And yet, with in each cycle, we have yet to see a scorched earth clearing. An actual deflation leading to the end of the dollar.

The year 1971 was an important turning point but served, ultimately, as only the culmination of a long battle between banks and politicians. In the end, it was a banking play to free up any dollarization of the international banking space.

From the rebuilding of Europe to the development of resources in South America and elsewhere, this was the major windfall for the giant banks. Penn Station was the original post World War II prologue to 2008.

The Dotcom crisis was averted by lower rates. Blame was placed at the altar of the ludicrous no-revenue start ups. The Lehman crisis left us with the emergency measures in place to this day in the form of zero interest rates (ZIRP) and quantitative easing.

Nothing has been cleared. European banks have yet to be capitalized. And political-Fed chatter regarding the need for more liquidity has re-commenced as the equity market turns volatile. It is sad how it boils down. The dark shadow cast by fiat. A perfect time to re-assess personal economics.

Enough time has passed. The charade always goes on longer than we think possible. Usually, just long enough to breed complacency.

If you were prepared for the Great Financial Crisis of 2008 and wonder when it will even follow through – now is the time re-check the financial earthquake kit. Obviously, the entire spectrum must be reassessed and considered on a constant basis. But thats easy to say, hard to do.

In the face of extreme, identifiable risk, protective measures need to become a way of life. Though it is a crucial component of the earthquake kit, it is not enough to only stack. Wealth must be approached from a holistic standpoint. A functional view.

Precious metals are an obvious component and a means to the scarce commodities like food, water, and time. And to be functionally wealthy, we need energy to keep going. We must take action with what we can control.

Collective complacency is a problem that leads to many others. The cure is a sudden awakening to discomfort and a sudden decline in quality of life that is visceral. The problem is that coinciding slow decline in quality creates a buzzing frustration under the surface- inability to handle frustration, rejection. When people break, it gets ugly.

Surveillance negates the need for overt totalitarian action. Propaganda keeps the masses complacent. We need to prepare. We need to train.

It is a mindset.

We need to think about scarcity of everything from water to financial assets, to connections and other sources or skills of revenue. We need to keep searching for the energy. It is an illusion that casts a shadow because these companies could buy hard
assets and create tangible wealth.

And some of them do.

But we will never realize the full potential as long as that illusion continues to cast its shadow and the mechanisms represent the cynical and misunderstood underbelly of what lies ahead.

Money printing on steroids. The historical rhyme, not a repeat. The attempt by the Fed to manipulate markets using comments by Yellen and Bullard is a telltale indictment of modern so-called Capitalism. Sadly, this can go down because there has been no repair of morality.

The moral circle fails to expand, despite the evidence. The lessons from the past do nothing to penetrate the dangerous adherence to world views. Its not even close to real capitalism. It makes a mockery of belief that the markets are free. The side effects are dangerous to say the very least.

They are far more worried about the economy than they let on. It shows us that they place extreme and misguided importance on the level of the markets more so than any other indicator.

Market indicators can trump easily manipulated statistics. It is all based on belief – and they must always be ready to intervene because of this. Recent remarks are clear signs of desperation. They create cynicism to the soon to be realized (and collective) breaking point in faith.

At the point the real state of our broken markets come home to roost.

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out http://www.silver-coin-investor.com

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of Silver-Coin-Investor.com

    Copyright copy; 2014 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

30 OctBuilding boom good news for the domestic economy: HIA

Figures from the Australian Bureau of Statistics show new-home lending activity is at historically healthy levels, according to Housing Industry Association.

“The number of loans for new housing posted monthly growth of only 0.2 per cent in August 2014,” said HIA chief economist, Harley Dale.

“However, excluding the GFC-stimulus period of late 2009 the numbers we have seen over the June to August period this year are the highest since the building boom of 1994. That is very positive news for new home construction heading into 2015, for many parts of the wider domestic economy, and for the labour market.”

However, Mr Dale has urged caution in the market place to ensure the new-home market continues to grow.

“We need to be careful in the final months of 2014 that such positive news doesn’t get drowned out by negative noise regarding property price movements in a couple of markets and speculation and uncertainty about possible policy responses,” he said.

“It would be a perverse and unfortunate outcome for the Australian economy if healthy new-home building activity came to a premature end.”

In August,the total number of seasonally adjusted loans to owner occupiers eased by 0.9 per cent, marking the sixth consecutive month where total loans have changed by less than 1 per cent.

Loans for construction of new homes fell by 0.8 per cent in August while lending for the purchase of a new dwelling increased by 2.5 per cent, suggesting further short term out-performance for medium/high-density construction relative to detached housing. The number of loans for existing property (net of refinancing) fell by 2.6 per cent in August to its lowest level in eighteen months.

In August, HIA’s seasonally adjusted estimate shows increases in the number of owner-occupier loans for new housing in South Australia (+3.0 per cent) and Tasmania (+21.7 per cent), while lending was flat in Victoria.

30 OctVOLTA FINANCE – ANNOUNCEMENT OF 4 NOVEMBER 2014 INVESTOR CALL

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

*****

Guernsey, 28 October 2014 -Following the publication of the Annual Report and Accounts 2014, Volta Finance Limited will host a conference call for analysts and shareholders on Tuesday the 4thNovember 2014 at 10:30 (France time) / 9:30 (UK time) to give them the opportunity to have a direct contact with Directors of the Company and the Investment Manager.


Investors calling from the UK may access the conference by dialing +44 (0) 203 427 1906

Investors calling from France may access the conference by dialing +33 (0) 1 76 77 22 26

Confirmation code : 2589792


Investors calling from other countries can call either one of these numbers.





*****


ABOUT VOLTA FINANCE LIMITED


Volta Finance Limited is incorporated in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) and listed on NYSE Euronext Amsterdam. Its investment objectives are to preserve capital and to provide a stable stream of income to its shareholders through dividends. For this purpose, it pursues a multi-asset investment strategy targeting various underlying assets. The assets that the Company may invest in either directly or indirectly include, but are not limited to: corporate credits; sovereign and quasi-sovereign debt; residential mortgage loans; automobile loans. Volta Finance Limiteds basic approach to its underlying assets is through vehicles and arrangements that provide leveraged exposure to some of those underlying assets.


Volta Finance Limited has appointed AXA Investment Managers Paris, an investment management company with a division specialised in structured credit, for the investment management of all its assets.


ABOUT AXA INVESTMENT MANAGERS


AXA Investment Managers (AXA IM) is a multi-expert asset management company within the AXA Group, a global leader in financial protection and wealth management. AXA IM is one of the largest European-based asset managers with EUR553 billion in assets under management as of the end of December 2012. AXA IM employs approximately 2,450 people around the world and operates out of 21 countries.


CONTACTS


Company Secretary and Portfolio Administrator

Sanne Group (Guernsey) Limited

voltafinance@sannegroup.com

+44 (0) 1481 739810


For the Investment Manager

AXA Investment Managers Paris

Serge Demay

serge.demay@axa-im.com

+33 (0) 1 44 45 84 47


*****


This press release is for information only and does not constitute an invitation or inducement to acquire shares in Volta Finance. Its circulation may be prohibited in certain jurisdictions and no recipient may circulate copies of this document in breach of such limitations or restrictions.


This document is not an offer for sale of the securities referred to herein in the United States or to persons who are US persons for purposes of Regulation S under the US Securities Act of 1933, as amended (the Securities Act), or otherwise in circumstances where such offer would be restricted by applicable law.  Such securities may not be sold in the United States absent registration or an exemption from registration from the Securities Act.  The company does not intend to register any portion of the offer of such securities in the United States or to conduct a public offering of such securities in the United States.


*****

This communication is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as relevant persons).  The securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons.  Any person who is not a relevant person should not act or rely on this document or any of its contents.


Past performance cannot be relied on as a guide to future performance.


*****


This press release contains statements that are, or may deemed to be, forward-looking statements. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms believes, anticipated, expects, intends, is/are expected, may, will or should. They include the statements regarding the level of the dividend, the current market context and its impact on the long-term return of Voltas investments. By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. Volta Finances actual results, portfolio composition and performance may differ materially from the impression created by the forward-looking statements. Volta Finance does not undertake any obligation to publicly update or revise forward-looking statements.


Any target information is based on certain assumptions as to future events which may not prove to be realised. Due to the uncertainty surrounding these future events, the targets are not intended to be and should not be regarded as profits or earnings or any other type of forecasts. There can be no assurance that any of these targets will be achieved. In addition, no assurance can be given that the investment objective will be achieved.


*****





This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Volta Finance Limited via Globenewswire

HUG#1866239

30 Oct9 Simple Tips for Retiring Rich

Since WWII, we have enjoyed one of the most productive economies the world has ever seen, yet many seniors are broke. When you reach retirement age, you don’t have to be one of them.Whatever your age, fretting about what you didn’t do is futile. Start making the needed changes today.

The best place to begin is to define “rich.” For our team, rich means having enough money to choose whether or not to work and enough money that you control your time. Rich means you live comfortably according to your personal standards. If you’ve lived a middle-class lifestyle, a rich retirement means you can maintain that same lifestyle without worry.

The 9-Step Program

#1–Saving money is tough! Pension plans are no longer the norm. Some companies filed for bankruptcy and broke their promises. Either way, in the private sector, 401(k) accounts are the new norm. However, they’re optional — no one makes you contribute.

So, no matter whom you work for — a big or small corporation, a government agency, or yourself — if you want to retire, be damn sure you’re saving…no matter what you’ve been promised.

#2–Plan to work your tail off. If you want to pay for 60-plus years of life, chances are you’ll have to do more than 40 hours a week.

In theory, you can work 60 hours a week, live off two-thirds of your income (40 hours’ worth), and invest the remaining one-third (20 hours’ worth). However, if you start saving early, perhaps saving income equal to 10 hours of work will be enough. Your savings will have more time to accumulate and compound, and you’ve bought yourself extra leisure time along the way.

If both spouses are working hard outside the home, which is the norm today, work toward living off of one paycheck and investing the other (or using it to pay off debts and then start investing).

#3–Don’t complain when others retire with more. Someone always will.

This note saddens me. Some people chose to work 40 hours a week for most of their working lives. They felt it was important to spend more time at home with their families, and there’s nothing wrong with that choice. Still, it’s a trade-off.

I look at it as though they enjoyed mini slices of retirement time when they were young. If that’s your choice, don’t begrudge others who chose a different path and worked and/or saved more. They don’t owe you anything.

#4–Get out of debt and stay that way. Virtually every wealthy friend I have only started to build wealth after eliminating debt, including home mortgages. Some theory-loving pundits suggest taking out a low-interest mortgage and investing the money with the hope of earning more than the mortgage interest. Oh really? Most people’s investments don’t perform that well.

The chart below highlights how poorly the average investor stacks up:

Sure, some beat the odds, but even professional fund managers struggle to do so. As of mid-2013, 59.58% of large-cap funds, 68.88% of mid-cap funds and 64.27% of small-cap funds underperformed their respective benchmark indices, according to Aye M. Soe, McGraw Hill (MHFI) financial director.

If the big boys have a hard time and the average investor earns just 2.1%, one better secure a darn low mortgage rate before borrowing to invest.

One of the top ways to blow your nest egg is to stop working while you still have a mortgage. Downsize if you have to. Your personal home is not an investment; it’s part of the cost of living.

Next Page

29 OctSHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class …

NEW YORK, Oct. 24, 2014 (GLOBE NEWSWIRE) — Pomerantz LLP has filed a class action lawsuit against Bankrate, Inc. (Bankrate or the Company) (NYSE:RATE) and certain of its officers. The class action, filed in United States District Court, Southern District of Florida, and docketed under 14-cv-81183, is on behalf of a class consisting of all persons or entities who purchased Bankrate securities between March 1, 2013 and September 15, 2014, inclusive (the Class Period). This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934 (the Exchange Act).

If you are a shareholder who purchased Bankrate securities during the Class Period, you have until November 17, 2014 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll free, x237. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and number of shares purchased.

Bankrate is a leading publisher, aggregator and distributor of personal finance content on the Internet. Through its online network including Bankrate.com, its flagship website, the Company provides consumers with independent personal finance editorial content in subject matters such as mortgages, deposits, insurance, credit cards, and other categories, such as retirement, automobile loans, and taxes.

The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Companys business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Bankrates financial statements contained errors related to the improper recognition of revenues and expenses; (2) the Company lacked adequate internal controls over financial reporting; and (3) as a result of the foregoing, the Companys financial statements were materially false and misleading at all relevant times.

On September 15, 2014, the Company filed a Form 8-K with the SEC, announcing, among other things, that the SEC is investigating the Companys financial reporting during 2012 and some of its previously issued financial statements should no longer be relied upon. On this news, the Companys shares fell $1.90, or over 13%, to close at $11.92 per share on September 15, 2014.

The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

Robert S. Willoughby
Pomerantz LLP