STOCK TO STUDY: T. Rowe Price Group, Inc ... - BetterInvesting

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PERSONAL FINANCE | Web Watch | Due Diligence | Book Value Web Watch Free Offerings May Be Suitable Only for Smaller Projects Online Services Make File Sharing a Snap by Bonnie Biafore What if you need to send someone a large file, such as a slide presentation? Email programs choke on file attachments that are several megabytes. In the past, you had to fuss with techie stuff such as FTP (file transfer protocol). Now you can choose from several services that handle large-file transfers for you. Most of these services have a free option for rel atively small files, while offering additional features and larger file sizes for a price. YouSendIt is one of the most popular file-transfer and file-sharing services around. Note: If you work on files with others, you can share folders using Drop - box (BetterInvesting, October 2012) or other cloud-based storage services such as Google Drive and SkyDrive. The basic concept for a file transfer service is simple, as YouSendIt illustrates (see screenshot, this page): ■ 1. You upload the file or folder that you want to send to the service. (The file is stored on the service’s online servers.) ■ 2. You choose the recipients you want to send the file or folder to. ■ 3. Depending on the plan you choose, you select additional settings. ■ 4. The service sends your recipients emails that contain a link that they click to download the file. YouSendIt offers several plans for sending and sharing files. The free service, YouSendIt Lite, gives you 2 GB of online data storage. You can send files as large as 50 mega - bytes. (You do have to sign up for an account to use it.) As you might expect, the free service doesn’t offer extra bells and whistles. If you spring for a paid YouSendIt plan, you get more storage, more users, larger files sizes and more features. YouSendIt Pro ($9.99/month) is ideal for small businesses. It offers 5 GB of storage and 10 e-signatures. (E-signatures are like users, so different people can send files through the account.) YouSendIt Pro Plus ($14.99/month) offers unlimited storage and unlimited e-signatures. YouSendIt Pro and Pro Plus transfer files up to 2 GB in size. If you need to transfer larger files, you can turn to other services, such as Egnyte, SendThisFile and SugarSync, which handle unlimited file sizes. Another YouSendIt lim - itation is that files you send are available for only 14 days before they expire. Egnyte keeps files around for an unlimited number of days. 8 | BetterInvesting | March 2013 Recipients can download the files sent an unlimited number of times, although sharing is not unlimited. YouSendIt limits the total amount of data your recipients can download during a month (1GB for YouSendIt Lite, 40 GB for YouSendIt Pro). If downloads exceed that limit, you can pay for more download bandwidth for that month. When you send files to others, you can set up a message containing your personal or company information (and logo). If other people send files to you (for example, if you’re a financial planner or bookkeeper), you can create a customized dropbox. You can include the link to that dropbox in an email message that you send to people or add the link to your website. People then click the link and can upload their files right to your customized dropbox. You can share and transfer files from the YouSendIt website or use your computer or smartphone. YouSendIt Express is a program that installs on your PC or Mac. With YouSendIt Express you can transfer files or folders to others without opening your browser. On the other hand, the YouSendIt DesktopApp is a file storage program that installs on your PC or Mac.You store files on your computer and they sync with your other devices. You can share folders with others, too. The YouSendIt Outlook Plugin lets you send files or folders directly from Outlook. But wait, there’s more: YouSendIt has apps for Windows 8 desktop com - puters, iPhones, iPads, Android smartphones, Windows 8 phones and Windows 8 tablets. If you’re concerned about security (and who isn’t?), you might like YouSendIt’s security features. It uses 128-bit SSL encryption. The company has redundant, secure data centers in two locations. (The data centers have lots of phys ical and electronic security features, from biometric and video surveillance to construction that prevents dam age from fire, flooding, earthquakes or other natural disasters. It uses firewalls, network security and user authentication procedures to protect your data. You can get the full scoop on its security from the website.) YouSendIt does a great job of keeping track of your files. You get a confirmation message when you upload a file to send. You get another message when a recipient downloads a file.YouSendIt also tells you how many times a file you sent has been downloaded and who downloaded it. Another cool feature of YouSendIt is document signing. Instead of printing out a document and then signing,
Web Watch Web Watch | Due Diligence | Book Value scanning and emailing it back, you can sign files electronically from your computer, tablet or smartphone — any device with a keyboard, mouse or touchscreen. Sending files is easy, but you still might want some handholding for all the features that YouSendIt offers. On the YouSendIt homepage, click Support in the upper-right corner and then choose Support. You’ll see the Flight Deck page, which gets you to several types of support. Type keywords in the search box and then click the magnifying glass icon to find topics and community posts. Click Help Videos on the right side of the page to watch training videos. To notch up your knowledge, click Tips and Tricks on the right side of the page. To browse the support forums, click Community in the horizontal navigation bar at the top of the page. If you subscribe to the Pro Plus plan, you can talk to customer-service representatives via phone, email or live-chat support. Websites of Interest YouSendIt and the company’s security strategy www.yousendit.com www.yousendit.com/security-overview Egnyte www.egnyte.com Sendthisfile www.sendthisfile.com SugarSync www.sugarsync.com Due Diligence Researchers Offer Insight on Exiting the Workforce When Will the Time Be Right for That Gold Watch? by Thomas D. Saler The Italians have a phrase for it that sounds as lyrical as what it depicts: “La dolce far niente,” or the sweetness of doing nothing. Ah, retirement. Regardless of what surveys say about how most Americans are satisfied in their jobs, it’s a good bet that many would ditch the workaday world in a nanosecond if they won the lottery. Since that’s not going to happen, it’s on to Plan B. And as a recent paper makes clear, differentiating between the desired age and the optimal one to retire involves understanding a broad array of factors, many of which don’t even involve money. It’s that holistic approach that makes “Twenty-Five Factors Influencing the Choice of the Client’s Optimal Retirement Age” a valuable addition to the cache of literature on the subject. Though the paper, co-authored by Widener Uni ver - sity professor Kenn Tacchino and his wife, Patricia, was penned for financial professionals, it can be equally helpful for individuals. Published by Benefits Quarterly, the report is ac ces - sible and systematic in presenting the dual roles of necessity and choice in knowing when to opt out of the workforce. It makes clear that having the financial wherewithal to retire is a necessary, but insufficient, reason for doing so. For example, although most people “value the retirement lifestyle, they may not realize what they are losing by ending the work lifestyle,” write the Tacchinos. That loss includes what leaving the workforce will do to their “sense of self.” Potential retirees need to “imagine the retirement lifestyle despite the fact they have no com - parable life experiences to mimic.” As such, someone contemplating retirement is not so different from a college student choosing a professional career on the basis of…what? Overwhelmed by the financial and psychological issues that impact such a life-altering decision, many people erroneously default to age-related “anchor points”: 60 is a nice round number, 62 is when Social Security benefits become available, 65 is when eligibility for Medicare starts. But the study notes that “backing into the decision based on anchor points…may or may not fully define or capture (the prospective retirees’) situation.” The paper, which is available as a PDF at our website, also provides interesting statistical information on current retirement patterns. For instance, the average retirement age for women is 62, or two years earlier than for men. And a quarter of retirees choose not go “cold turkey,” instead working part time or seasonally for a while after leaving their day jobs. While assigning proper weight to its many emotionbased aspects, the paper also emphasizes having the financial wherewithal to retire. Participants in definedcontribution plans, for instance, are more likely to have their retirement age dictated by economic conditions compared with those in defined-benefit packages. Near-term prospects for financial markets are critical as well, since steep losses in an investment portfolio sustained early in retirement have a larger impact on retire- March 2013 | BetterInvesting | 9
Page 1 and 2: STOCK TO STUDY: T. Rowe Price Group
Page 4 and 5: CONTENTS | BetterInvesting | March
Page 6 and 7: Editorial For Long-Term Investors,
Page 8 and 9: From the CEO Kamie Zaracki Intervie
Page 12 and 13: PERSONAL FINANCE | Due Diligence |
Page 14 and 15: PERSONAL FINANCE | Financial Planne
Page 16 and 17: INVESTMENT CLUBS | Repair Shop ‘E
Page 18 and 19: INVESTMENT CLUBS | Repair Shop cent
Page 20 and 21: INVESTMENT CLUBS | The Clubhouse De
Page 22 and 23: INVESTMENT CLUBS | The Clubhouse Th
Page 24 and 25: STOCK TO STUDY | Featured Company I
Page 26 and 27: STOCK TO STUDY | Featured Company
Page 28 and 29: STOCK TO STUDY | The Stock Selectio
Page 30 and 31: STOCK TO STUDY | Featured Company 2
Page 32 and 33: UNDERVALUED | Featured Company Amer
Page 34 and 35: STOCKS | Growth Stocks Colgate Is S
Page 36 and 37: Empowering Investors Since 1951 tim
Page 38 and 39: DISCUSSION & ANALYSIS | Between the
Page 40 and 41: DISCUSSION & ANALYSIS | Random Walk
Page 42 and 43: FEATURE | Cover Story by Danielle L
Page 44 and 45: FEATURE | Cover Story Titles such a
Page 46 and 47: MUTUAL FUNDS | Mutual Fund Matters
Page 48 and 49: MEMBERSHIP | First Cut Fundamentals
Page 50 and 51: MEMBERSHIP | Chapter Contacts In th
Page 52 and 53: MEMBERSHIP | Chapter Contacts NEVAD
Page 54: MEMBERSHIP | Performance Review Big

STOCK TO STUDY: T. Rowe Price Group, Inc ... - BetterInvesting

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