Table of Contents
Cover Story:
Putting All The Pieces Together
County Executive C. Scott Vanderhoef keeps Rockland in his sights
as he looks ahead to the Governor's race.
Feature Story:
Everybody's Going Downtown
What four of the county's villages are doing to encourage economic
development.
Feature Story:
The Expo's Coming!
Annual Business-to-Business event partners RBA with Mahwah Regional
Chamber of Commerce.
DEPARTMENTS:
Economics Roundup
• What's Your Investment Behavior?
• Taxes and Long-Term Care Insurance
Business Roundup
• HVCFI Accepting Applicants
• The Fine Art of Advertising
Retail Round-Up
• It's The Most Wonderful Time of the Year
• New in Town
Ask the Expert
• Human Resources
• Legal Matters
• Workplace Hotline
• Information Technology
Invest in Your Community
• Make-A-Wish Foundation
• JCC-Y of Rockland's Capital Campaign
• Other News
Odds & Ends
• From The Publishers
• PR Patter
• Reaching Out to Small Business
• Rockland Joins the Empire
• Big News for Local Small Businesses
Dedicated Section:
Rockland Business Association:
The President’s Desk
Empire Zone designation, grant programs drive new opportunities for
business.
The Investor Hotline
Avoid these three common mistakes
RBA Happenings
• Other News
• Committee and Council Info
• Calendar of Events
• New Members
The
Smart Investor
What's Your Investment
Behavior?
By Ken Mahoney
As humans, we were not made to be perfect. Our strengths and weaknesses definitely cross over when it comes to our investing behaviors. No one person is alike.
The trick to better investing is to find a perfect balance, and this is easier said than done. It can take years to achieve this balance, and it takes a lot of experience and mental conditioning. But here are some tips that might help you along your journey towards better investing:
• Check every one of your investments on a consistent basis: Investing is a lot like maintaining a car. It may start right away, but you need to check on it regularly if you want it to last.
• Don’t check your investments too frequently: But at the same time, don’t make it the highlight of your existence. If it becomes an obsession, you may very well end up wealthy, but the road there will be filled with suffering.
• Don’t be negative or self-defeating: Negativity is a bad habit; in investing and in life. If you keep thinking that things will go wrong in your investments, that will deter any possible joy you derive from an increase in your stock.
• Don’t get too cocky, either. While it’s good to be positive, you always want to be prepared for the worst, because you never know. You may be doing well, but you never know when it can crash. If the stock crashes and you don’t know about it, you may be facing disaster.
• Live life in the moment. There’s a human tendency for us to live in the future. How many times have you thought to yourself, “When I have the money, I’ll buy this” or “When I get some money, I’ll do that?” Whatever it is, plan for it in the future, but don’t make it. We never think about what’s happening in the present moment in our lives. RBD
The Rockland Stock Index has lost some steam this year as did the major averages. The RSI is up 2.8% compared to the S&P which is up 3.5%.
The Rockland Stock Index strength is coming from financials, such as Provident and Presidential. The weaknesses in the index, came mostly from pharmaceutical stocks, especially that of Barr Pharm and Par Pharm.
Rockland County Stock leader AT&T added BellSouth as a dominant player in the South East and will bring Cingular under direct control.
Rockland's Par Pharmaceutical is a the subject of a class action. The action alleges that they reported earnings that were materially inflated as a result of accounting errors including an understatement of accounts receivable reserves. In response to these revelations, on July 6, 2006, Par stock fell $4.78 per share, losing nearly 26% of its value in one day on extremely high volume of over 9 million shares traded.
Name Symbol Wachovia WB Wyeth Wye Dress Barn DBRN Verizon Vz Pharm Resources PRX AT&T T Usb Holding UBH Barr Labs BRL Provident Bank PBNY Footstar FTAR
FTAR Bank of NY BK Novartis NVS Gannet GCI Avon AVP Presidential Life Plfe Praxai PX Paxar PXR Lecroy LCRY ConEdison ED
This is for your information only and is not an offer to sell, or a solicitation of an offer to buy, securities or instruments mentioned. Information has been obtained or derived from sources believed by us to be reliable, but we do not represent that it is accurate, complete or timely. Any opinions or estimates contained constitute our judgement at date of publication and are subject to change without notice.This Stock Index is comprised of local stocks of interest based in Rockland County. The chart reflects the collective stock price performance based on a standardized benchmark of 1000 on January 1, 2003. Any market prices are only indicators of market values and are subject to change without notice. It is not possible for an investor to directly invest in the Rockland Stock Index.
