Page 10 - Jupiter West - October '19

Page 10, Jupiter West
Financial Focus

Don’t Chase Last Year’s Mutual you find that almost all of your mutual funds come from considerably this year. Nonetheless, reviewing a fund’s
longer-term track record can help you understand how
the above-mentioned Small Cap Growth category, you
Fund Category Winners may be taking on more investment risk than you’d like, it might perform through the ups and downs of the
because funds that offer the greatest growth possibilities financial markets. Always keep in mind, though, that past
By Sally Sima Stahl also usually carry the highest degree of market volatility. performance can’t guarantee how the fund will perform
The world of mutual Typically, you may be better off owning an array of mutual in the future.
funds can be confusing. funds drawn from several different categories, with the Mutual funds are popular investments – and for good
With more than 9,000 funds percentage each category occupies in your portfolio based reason. Since each fund generally contains dozens of
on the market, how can you on your goals, risk tolerance and time horizon. (Keep in securities, you get a degree of diversification you can’t
choose the ones that are mind, though, that while diversification can help reduce achieve from owning individual stocks or bonds. And,
right for you? the effects of volatility, it doesn’t guarantee a profit or as discussed above, you can diversify further by owning
One way to start is by protect against losses in a declining market.) funds from several categories. Just remember, though,
considering the various You might be tempted to choose categories by looking that as you build your mutual fund portfolio, don’t get
categories of mutual funds at which most recently outperformed the others, and just caught up in last year’s results – because old news just
– and there are quite a few stick with those groups. But is this a good idea? may not be that relevant today.
of them: Small Cap Growth, It probably isn’t – and the main reason you shouldn’t Mutual fund investing involves risk. Your principal
Large Cap Growth, Large chase performance this way is things change very quickly and investment return in a mutual fund will fluctuate in
Cap Value, Diversified Emerging Markets, Foreign Large in the mutual funds arena. It’s quite possible – and has value. Your investment, when redeemed, may be worth
Cap Blend and more – the list is extensive, and for many happened many times – that the top category last year more or less than the original cost.
people, confusing. can fall into one of the worst-performing ones this year, This article was written by Edward Jones for use by
However, with a little study, you can understand why and vice versa. Consequently, your efforts to capture a your local Edward Jones financial advisor. Edward Jones,
these funds have their names – for example, a Small Cap winning trend may be futile. its employees and financial advisors cannot provide tax
Growth fund will contain stocks of smaller companies Of course, within the context of investing in various or legal advice. You should consult your attorney or
thought to offer growth potential. Once you know the mutual fund categories, you still need to choose individual qualified tax advisor regarding your situation.
goals of different categories of mutual funds, you can funds. And, as is the case with categories, you might be Call me for a free portfolio review at (561) 748-7600,
determine which ones fit into your overall investment tempted to give considerable weight to a fund’s track Sally Sima Stahl, AAMS, 1851 W. Indiantown Road, Ste.
strategy. record. But, similar to the situation with fund categories, 106, Jupiter, FL 33458.
This is important, because you want to ensure your “chasing performance” is typically not a good strategy
portfolio is appropriately diversified. For example, if – after all, last year’s “hot” fund may have cooled off
Commissioner’s Update

Post-Dorian Thoughts various strategies. Each female lays six to eight nests a distinct line in the water just off the beach. While many
during a single season, which means she is laying 500 to of the coastal areas have dried out since Dorian, wetlands
By Commissioner 900 eggs. They also place their nests at various locations in the western areas of the basin are still holding a lot
Hal Valeche on the beach. Those laid closer to the water are more of water, which eventually drains into the Loxahatchee
I could almost hear a prone to washing out in storms while those laid closer River and out the inlet.
huge, collective sigh of to the dune are more vulnerable to predators. By laying Many factors can influence the color of water along
relief when Palm Beach eggs in various locations and laying multiple nests per the beach. Within the Loxahatchee River, a big factor is
County missed a direct year, the mama turtles ensure hatchling survival against the tannins that leach into the water as vegetation decays,
hit by Hurricane Dorian. natural events. making it appear as a dark color resembling tea. The same
With so much uncertainty If eggs are found exposed or in the surf, the only thing effect shows up as brown stains on the hull of boats that
of the path of the storm, to do is to leave them alone as they are no longer viable. frequently use those waterways. During high flows of
our emergency managers Relocation of nests ahead of a storm is prohibited as it storm water following heavy rain events, elevated levels
and county staff mobilized could endanger the eggs. If you find a turtle in distress, of nutrients and bacteria entering the system compromise
expertly to full activation you can call the Florida Fish and Wildlife Conservation water quality. The Department of Health monitors the
at the Emergency Operations Center, opened and Commission (FWC) at (800) 404-3922. water quality along the beaches through the Healthy
staffed shelters, and issued evacuation orders where • Yard Vegetation Beaches Program and issues advisories when bacterial
recommended by national hurricane forecasters. Seeing At the risk of sounding like a broken record … my concentrations exceed the microbiological standards.
the results of this ferocious storm on the Bahamas, we are staff and I have observed many properties conducting Another contributing factor to the current water clarity
reminded more than ever of how important preparation extensive yard trimming and pruning of trees and is turbidity, which is the suspension of fine sediments
is during hurricane season. shrubs. That is fine as long as it occurs outside of any along the beaches. According to ERM officials, wave
I wanted to mention some of the post-storm issues major impending weather events. If you are located in energy from Hurricane Dorian eroded approximately 1M
raised that may be of interest to you: unincorporated Palm Beach County, you know that the cubic yards of sand from Palm Beach County beaches.
• Disturbed Sea Turtle Nests And Turtle Eggs Visible Solid Waste Authority requires you to limit curbside The coarser sand falls out of suspension quickly and
On County Beaches vegetation to six cubic yards, which is roughly the size deposits within a sandbar just off the beach. The fine
Palm Beach County has had a record-breaking sea of two refrigerators. If you reside in a municipality, check material remains suspended in the water column for a
turtle nesting season with year-end counts likely to top with city officials to confirm how much they will allow longer period and creates the chalky opaque appearance
50,000 nests. Prior to Hurricane Dorian, approximately curbside for pickup. versus the clear blue water we usually see.
two-thirds of those nests had already hatched. Waves • Water Discoloration In Estuaries And Along The We have a very dynamic and sometimes delicate
disturbed some of the remaining nests but the overall Coast environment. Our county staff work hard to address
impact to the population is minimal. The eggs seen on You may have observed darker water flowing out of issues that affect our quality of life. Your input on areas
the beach are no longer viable and may be the remaining the Jupiter Inlet and along the beaches. This is due to of concern is very helpful. As always, please contact me
shells from nests that hatched prior to the storm. local basin runoff (storm water) that is flowing out the if I can be of assistance at (561) 355-2201, or by email
PBC’s Environment Resources Management (ERM) inlet during outgoing tide. This is typical after large rain at hvaleche@pbcgov.org.
informs us that sea turtles have adapted to storms through events. The color difference can be dramatic and appear as
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