Top
Of Page
|
BULLETIN
BOARD
OF
CURRENT
EVENTS
|
January
1998
The
Securities Specialist position
has been filled by Julie Kingren.
Julie comes to us full of securities
knowledge and is working on
her Series 7 Brokers License.
February
1998
Business
& Estate Advisers was recently
recognized nationally by General
American as the Top Pension/401(k)
Affiliate for the year 1997.
February
1998
E.
Dennis Zahrbock was also recognized
as the TOP PERSONAL PRODUCING
GENERAL AGENT NATIONALLY FOR
1997.
March
1998
E.
Dennis was Featured Speaker
at the Minneapolis/St. Paul
CLU Chapter. One hundred friendly
competitors attended his two
hour presentation on.you guessed
it.the ins and outs of the 401(k)
market place.
May
1998
E.
Dennis will be traveling to
Washington May 1-6 for the annual
AALU meeting. A few days of
sharpening the Brain. Sue's
going with, so Ford's Theater
tickets on Saturday, Lunch in
Senate Dining Room on Monday
with Senator Grams, and Lunch
in House Dining Room with Congressman
Jim Ramstead will be some real
highlights.
June
1998
Appreciation
Day for our school community
is again scheduled for Thursday
June 11th. This is our 5th year
of breakfast for our local teachers
and staff. It is our way of
saying thanks for all they do.
August
1998
The
Top 401(k) Pension Producers
of General American will be
hosted by E. Dennis at the Stout
Lodge near Rice Lake, WI. This
will allow sharing of ideas,
further tweaking each attendee's
practices.
Top
Of Page
Advisory
Board Member Interviews
The
following three interviews continue
our series on members of the
Advisory Board of Business &
Estate Advisers, Inc. We are
pleased to present to you Dennis
Pottebaum, Gary Briggs and Idelle
Schranck, all of whom are current
board members.
Dennis
Pottebaum
Dennis
is President and Founder of
Quality Resource Group. He is
recognized nationally as an
expert in Business Forms.
Q: How
did you first become acquainted
with Business & Estate
Advisers?
A: Dennis
was the Chairman of the
Board for the TwinWest
Chamber of Commerce when
we first met.
Q: During
your association, what
has Business & Estate
Advisers done for you?
A: B
& E has helped us establish
a 401(k) program for our
company. Additionally,
Dennis has helped us in
our benefits program by
providing an educated and
unbiased viewpoint of the
various options from insurance
needs to investment opportunities.
Q: What
has your service on the
Advisory Board meant to
you?
A: I've
found it insightful to
work with a great group
of interesting and experienced
individuals.
Q: What,
in your opinion, makes
Business & Estate Advisers
different from other financial
services firms?
A: The
people. This team listens
to what we are saying and
cares. I trust them with
our future!
Gary
E. Briggs
Gary
is President and Founder of
both Wayzata Marine and Minnetonka
Marine. He was recently featured
in Boat & Motor Dealer
as the National Marine Dealer
of the year.
Q: How
did you first become acquainted
with Business & Estate
Advisers?
A: I
became acquainted with
B & E through Denny
Zahrbock
and his involvement with
the Wayzata Rotary.
Q: During
your association, what
has Business & Estate
Advisers done for you?
A: B
& E has provided to
me and my company investment
advice, retirement advice
and company benefit plan
advice.
Q: What
has your service on the
Advisory Board meant to
you?
A: Service
on the advisory board has
helped share business problems
of other closely held companies!
Q: What,
in your opinion, makes
Business & Estate Advisers
different from other financial
services firms?
A: I
know them!
Idelle
Schranck
Idelle
is a realtor with Edina Realty.
She resides in Golden Valley.
Her hobbies include her 9 grandchildren,
spending time at her lake retreat
and riding her bike.
Q: How
did you first become acquainted
with Business & Estate
Advisers?
A: I
met Dennis at Twin West
Chamber of Commerce events
and Board of Directors.
Q: During
your association, what
has Business & Estate
Advisers done for you?
A: B
& E has created a knowledge
base which is imperative
in today's society. I would
not hesitate to allow the
B & E team to handle
my financial resources
or refer them to my friends
and family.
Q: What
has your service on the
Advisory Board meant to
you?
A: A
continued association with
active community leaders
concerned with mutually
supporting one another.
Q: What,
in your opinion, makes
Business & Estate Advisers
different from other financial
services firms?
A: Genuine
concern for clients. Consistent
effort to provide the best
quality service coupled
with unequaled knowledge
of their industry.
Top
Of Page
Business &
Estate Adviser's
"Tips
for Teens"
|
Edited
and Revised by Business & Estate
Advisers, Inc. as an insert to our
newsletter
By:
E. Dennis Zahrbock, CFP
Welcome
to our first issue of "Tips
for Teens". The idea of
a special insert for teens can
be credited to my three daughters
who are now all in their twenties.
Even though they grew up in
a home that had it's primary
income derived from the Financial
Services industry, they failed
to become aware of what's going
on in the financial service
arena. I apologize to my daughters
for not giving them more "financial
ideas" than I did. However,
thanks to this experience, hopefully
your son's and daughter's (and
maybe even you) will
gain from our "Tips
for Teens" insert.
"Tips
for Teens" will be
based on a format of a football
team. We'll discuss both the
offensive and defensive teams.
And, of course, we'll be discussing
the referees.
In
this first issue we will be
introducing some of the team
members. In future issues we
will do more in-depth analysis
of the team and how a winning
financial plan uses both a strong
offense and defense.
So
here's our starting Offensive
Team:
Bonds:
A bond is a type of loan. Both
government and corporations
borrow money by issuing bonds.
When you own a bond you are
loaning money to the bond issuer.
A bond is for a stated time
period (5 years, 10 years, 20
years, etc.), so during the
life of a bond it's value may
go up or down depending on changes
in interest rates and other
factors. If interest rates go
up, the value of a bond you
own will go down. If interest
rates go down, the value of
your bond goes up.
Stocks:
Instead of making a loan
to a company (bonds) you actually
become an owner of part of a
company. Stocks are sold in
divisible units known as shares.
If a company has total shares
of 10 and you own 1, you effectively
own 10% of the company. If a
company has 1,000,000 shares
and you own 100 shares you own
.01%.not very much! When you
own shares, you are entitled
to rights, which include your
right to vote on how the company
is run. You also have the right
to share in profits through
either dividends or appreciation
in the stock value.
Bank
accounts: Instead of a bond
or stock, which each carry risk,
you may invest your money in
a Guaranteed Savings Account.
In a savings account you loan
money to a bank and they agree
to guarantee to pay you interest
and to guarantee that your principal
cannot be lost. A bank is further
guaranteed by the Federal Government
up to $100,000 per depositor.
You normally earn less interest
in a savings account than in
a stock or bond investment.
This is a trade you make for
no-risk! The bank may then loan
your money to someone who wants
to buy a car.but if the person
that wants to buy a car does
not pay their payment, it is
the banks problem, not yours!
The bank must use its profits
to pay you your interest and
your principal. Bank accounts
can include Checking, Savings
and Certificates of Deposit.
Annuities:
Annuities are also guaranteed
instruments, but they are issued
by Insurance Companies, not
banks. Again, you loan money
to an Insurance Company, and
they guarantee both principal
and interest. They are not guaranteed
by the Federal Government, but
many states have State Guarantee
Associations that guarantee
up to $100,000 of your principal.
Real
Estate: When you own real
estate you may rent your property
to someone else. The rent is
then yours to keep and spend
just as interest would be in
a savings account. Real estate
is hard to buy in little pieces
(like stock shares) so they
generally require more investment
or a combination of investment
and loans to buy any. Good real
estate provides increasing rent
to its owners and appreciation
in value. For example real estate
at a freeway interchange would
be very good to own as you could
rent it for large amounts to
McDonalds or Holiday Gas. If,
on the other hand, you own real
estate twenty miles from nowhere
it has much less rent value.
There
you have our Starting Offense,
we may have a few substitutes
in the future, but we will introduce
them later.
Our
Defensive Team will consist
of team members that will hold
field position. A great offense
that always has "the ball"
will nearly always win! The
problem is that no Offense always
has the ball! Many a game is
won by having a good defense
hold field position while the
offense regroups and plans strategy.
Our
DEFENSE consists of Property
& Casualty Insurance, Medical
Insurance, Long Term Care and
Disability Insurance, and Life
Insurance. We'll discuss
the basic defense team in our
next issue.
Today's
Quiz:
True
False
