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Albemarle Tradewinds March 2016 Final Web

March 2016

The Dog and the Wolf

The Dog and the Wolf Aesops_Fables The Lion and the Mouse A gaunt Wolf was almost dead with hunger when he happened to meet a House-dog who was passing by. “Ah, Cousin,” said the Dog. “I knew how it would be; your irregular life will soon be the ruin of you. Why do you not work steadily as I do, and get your food regularly given to you?” “I would have no objection,” said the Wolf, “if I could only get a place.” “I will easily arrange that for you,” said the Dog; “come with me to my master and you shall share my work.” So the Wolf and the Dog went towards the town together. On the way there the Wolf noticed that the hair on a certain part of the Dog’s neck was very much worn away, so he asked him how that had come about. “Oh, it is nothing,” said the Dog. “That is only the place where the collar is put on at night to keep me chained up; it chafes a bit, but one soon gets used to it.” “Is that all?” said the Wolf. “Then good-bye to you, Master Dog.” Better starve free than be a fat slave Once when a Lion was asleep a little Mouse began running up and down upon him; this soon wakened the Lion, who placed his huge paw upon him, and opened his big jaws to swallow him. “Pardon, O King,” cried the little Mouse: “forgive me this time, I shall never forget it: who knows but what I may be able to do you a turn some of these days?” The Lion was so tickled at the idea of the Mouse being able to help him, that he lifted up his paw and let him go. Some time after the Lion was caught in a trap, and the hunters who desired to carry him alive to the King, tied him to a tree while they went in search of a waggon to carry him on. Just then the little Mouse happened to pass by, and seeing the sad plight in which the Lion was, went up to him and soon gnawed away the ropes that bound the King of the Beasts. “Was I not right?” said the little Mouse. Little friends may prove great friends. Put Your Financial “Puzzle” Together Submitted by Chuck O’Keefe As an investor, you may be gaining familiarity with the term “market correction.” But what does it mean? And, more importantly, what does it mean to you? A correction occurs when a key index, such as the S&P 500, declines at least 10% from its previous high. A correction, by definition, is short-term in nature and has historically happened fairly regularly – about once a year. However, over the past several years, we’ve experienced fewer corrections, so when we have one now, it seems particularly jarring to investors. How should you respond to a market correction? The answer may depend, to some extent, on your stage of life. If you’re still working … If you are in the early or middle parts of your working life, you might not have to concern yourself much about a market correction because you have decades to overcome a short-term downturn. Instead of selling stocks, and stock-based investments, to supposedly “cut your losses,” you may find that now is a good time to buy more shares of quality companies, when their price is down. Also, you may want to use the opportunity of a correction to become aware of the need to periodically review and rebalance your portfolio. Stocks, and investments containing stocks, often perform well before a correction. If their price has risen greatly, they may account for a greater percentage of the total value of your portfolio – so much so, in fact, that you might become “overweighted” in stocks, relative to your goals, risk tolerance and time horizon. That’s why it’s important for you to proactively rebalance your portfolio – or, during a correction, the market may do it for you. To cite one aspect of rebalancing, if your portfolio ever does become too “stock-heavy,” you may need to add some bonds or other fixed-rate vehicles. Not only can these investments help keep your portfolio in balance, but they also may hold up better during a correction. If you’re retired … After you retire, you may need to take money from your investment accounts – that is, sell some investments – to help pay for your cost of living. Ideally, however, you don’t want to sell stocks, or stock-based vehicles, during a correction – because when you do, you may be “selling low.” (Remember the most common rule of investing: Buy low and sell high. It’s not always easy to follow, but it’s still pretty good advice.) So, to avoid being forced into selling, you need to be prepared. During your retirement years, try to keep at least a year’s worth of cash instruments on hand as well as short-term fixed income investments. By having this money to draw on, you may be able to leave your stocks alone and give them a chance to recover, post-correction. And it’s important to maintain a reasonable percentage of stocks, and stock-based vehicles, in your portfolio, even during retirement – because these investments may provide the growth necessary to help keep you ahead of inflation. Consequently, as a retiree, you should have a balance of stocks and stock-based vehicles, along with fixed-income vehicles, such as bonds, certificates of deposit, government securities and so on. Being prepared can help you get through a correction – no matter where you are on life’s journey. Chuck O’Keefe is a Financial Advisor with Edward Jones in Elizabeth City. Edward Jones 207 N Water St Elizabeth City, NC 27909-4417 (252) 335-0352 www.edwardjones.com 28 Albemarle Tradewinds March 2016 albemarletradewinds.com

The Month of March By: Wanda Lassiter, Curator, Museum of the Albemarle March is Women’s History Month and the Museum of the Albemarle honors women throughout all of its exhibits. Our main gallery, Our Story, features women from different eras including Polly Jackson Scott. The hall-and-parlor style house in the gallery was erected for Polly’s grandfather, Daniel Jackson, Jr. around 1755. Polly lived in the house and managed the surrounding farm with five of her eight children. I Do! Weddings in the Albemarle, 1831-2015 exhibit features lots of women. On display is the dress and trousseau worn by Chowan County resident Lillian St. Clair Perry. She wore a pussywillow satin gown when she married Lloyd Turnage on June 22, 1921. She carried the silk seven-piece trousseau set, featuring hand-painted flowers and vines, with her on the honeymoon. Tailors professionally trained in the French hand-sewing method stitched the trousseau and features. Also, be sure and view the dressing table set Pasquotank County resident Dora Barrett used as she prepared for her wedding to William H. White on June 22, 1952. The couple spent many years living in Elizabeth City and Chapel Hill. The Louis C. Tiffany: Art and Innovation exhibit features the “Young Lady in Magnolia Tree” stained glass window. The woman depicted in the window is thought to be Louis Tiffany’s sister. Intricate working of copper foil around the drapery glass of magnolia leaves makes this a combination of beauty and nature. The glass is dichromatic—the colors change when light is reflected on and off the glass. The North Carolina Sports Hall of Fame exhibit features Kathy McMillan. She was inducted into the Hall in 1999 for track and field. Come visit the Museum of the Albemarle during the month of March to learn more about these women and others. Mention this Ad and get a free Hot Dog when you purchase a Hot Dog. Are Drugs & Alcohol Phone: 252-338-8476 www.SafeTWorksInc.com Born in Telaviv, Israel Lived in NY from ages five until eighteen, becoming a U.S. citizen at eleven. A US Navy veteran, merchant seaman, graduate of ECSU with a BS in Accounting. Was a Motor Fuels Tax Auditor for NC, and currently employed as an IT Security Control Specialist for a local EC NC bank. In 2008 a life changing event occurred and the flow of faith based poetry has run ever since. More of my poetry can be found at: Ron Ben-Dov at Amazon.com No Excuse By : Ron Ben-Dov Excuses are plentiful, And they’re mighty cheap. I don’t have time, Can’t seem to remember, God ain’t got time for me, I fear he won’t answer. Let me tell you, God always answers; Whether, or not, you like His response. Fear False evidence appears real; The devils a liar, Why are you listening to him? You want answers? Push! Pray until something happens. God always answers. He’s got your back. Why you ask? Because God so loved the world, He gave His only begotten son, So that we may be absolved of our sins. Salvation Something you can’t buy, And we don’t deserve. By His grace And Jesus’ willing sacrifice Salvation 53rjbd@gmail.com facebook.com/AlbemarleTradingPost Albemarle Tradewinds March 2016 29