May

Foundation Piecing Quilt

Foundation Piecing Quilt

Stock Market Wisdom From Humpty Dumpty

Humpty Dumpty sat on a wall;
Humpty Dumpty had a great fall.
All the King's horses
And all the King's men
Couldn't put Humpty together again!

You know this tragic story.

During the 45+ years that I have been a financial advisor, I have seen this over and over and over again.

A new client comes into my office and asks me to review their old portfolio. Very often it is littered with holdings that make no sense. It might have been possible that each of those holdings was purchased for a specific reason at the time, but when put together it looks like a patchwork piece of cloth, a crazy quilt.

Investment professionals refer to this as a Humpty Dumpty portfolio. This is a portfolio that is broken beyond repair. Truly, all the king's horses and all the king's man couldn't put this portfolio together again.

What's the lesson here?
How can you avoid being burdened with a Humpty Dumpty portfolio?
And, if this does happen to you, what's the best thing to do?

The most important lesson to be learned here it is that while it is important to trust your financial advisor, it is also very important for you to pay attention to your own investments. After all, it is your money.

It is important for you to understand that your portfolio should have some coherence. It should be something that matches your long-term financial goals. Your portfolio should not be populated by the latest "stock du jour", recommended by your broker.
The main way to avoid the problem is to find a financial advisor who understands your goals and has the ability and willingness to help you reach them.

Lastly, if this has happened to you, I'm afraid you will have to swallow some bitter medicine. You might have to sell most or all of your holdings, and start over again. There is no sense in compounding a mistake into an even larger mistake.

Conventional wisdom states that your portfolio should be built upon a very strong foundation. This strong foundation should be comprised of high quality stocks and high quality bonds. The best way to visualize the construction of your portfolio is to visualize a pyramid. As we move up along with the slope of the pyramid, you might consider having smaller and smaller pieces of slightly higher risk investments.

Conventional wisdom declares that you should have the proper amount of diversification. Conventional wisdom is never the cutting edge. You may not to double your money overnight with this philosophy but you can be relatively certain that your money will be there in the future when you need it.

Conventional wisdom is generally right. Otherwise it would be called conventional stupidity.

I grew up in Brooklyn, New York. When this specific event happened, I was far away, on a business trip, so I didn't see it, but I know a guy who knows a guy who did see it and he claims that Dumpty was pushed.

But that's another story.

About the Author

Gary Wollin is a Warren Buffet style investment advisor with 45+ years of Wall Street experience. He has been regularly featured in many financial publications around the world. He writes and speaks on sales, customer loyalty, and the stock market.
http://www.garywollin.com

Seasonal Table Runners Pattern and Foundation Papers By Judy Niemeyer - NEW

Sale Price: $13.99

See Reviews For This Product

Description

Seasonal Table Runners Pattern and Foundation Papers by Judy Niemeyer - Seasonal Table Runners - Basic Pattern
This pattern option includes the Seasonal Table Runners - Basic Pattern which includes enough foundation papers to complete two table runners using the layout as shown on the cover sheet.

Features

Bradley and Judy Niemeyer designed the layout and foundation pieces for Seasonal Table Runners.
A sewing technique called foundation paper piecing is used when sewing the pieces onto the foundation units.
Curved piecing and traditional piecing are required to join and finish the table runners after the foundation piecing is completed
Seasonal Table Runners - Basic Pattern This pattern option includes the Seasonal Table Runners - Basic Pattern which includes enough foundation papers to complete two table runners using the layout as shown on the cover sheet.
Size: 19" by 45"

Electric Quilt Sew Precise Collection 3 Quilt Block Foundation Patterns

Sale Price: $14.95

See Reviews For This Product

Description

Foundation Block Quilting software by Electric Quilt

Features

Sew Precise Collection 3 software by Shirley Liby
Software containing over 600 pictorial foundation patterns to print in any size. Plus Shirley's own special design tips. All patterns can be used alone or in EQ.
Runs on Windows 95 / 98 / 2000 / ME / XP
Design Tips! Dozens of illustrated design tips show you how to make yo-yo wheels, how to make a baby bottle look half-empty, and more...
Sew Precise is stand-alone, but also links to EQ5 or EQ6's Block Library if you have it

300 Paper-Pieced Quilt Blocks

Sale Price: $18.40
You save: $11.55 (39%)

See Reviews For This Product

Description

Choose from 300 DESIGNS including 4 pictorial and geometric blocks and 3 alphabet and number blocks Print patterns on the spot with your home computer. Create perfect patchwork with paper piecing; just sew on the the lines...

Magnificent Spiral Mandala Quilts

Sale Price: $14.84
You save: $15.15 (51%)

See Reviews For This Product

Description

Magnificent Spiral Mandala Quilts will leave you dizzy with inspiration!In her follow-up to Simply Amazing Spiral Quilts, RaNae Merrill brings you even more spiral possibilities. From bold, kaleidoscopic stars bursting with color to delicate ribbons swirling around a lacy mandala, you can use RaNae's instructions to foundation piece the quilt of your dreams...

101 Log Cabin Blocks: With Full-Size Patterns for Paper or Foundation Piecing

Sale Price: $9.61
You save: $5.34 (36%)

See Reviews For This Product

Description

Everyone who loves Log Cabin blocks will love owning this book! Not only does it include the traditional Log Cabin Block (in four sizes), it takes the Log Cabin out of the past and into a new creative realm of innovative block design...