Suburban Life Magazine recently featured First Savings in its Doylestown edition. The article appeared in the December 2011 edition to read the article go to ttp://www.suburbanlifemagazine.com/articles/articleid=436
Left to right: Phil Rush, Trust and Investment Officer; Fred Schea, First Savings President and CEO; Bob Lewis, First Savings Insurance; Kevin Banks, Doylestown area Market Manager
The fourth annual “Senior Fair and Forum” sponsored by First Savings Banking-Insurance-Investments and Trusts will have added meaning this year as long time senior citizen advocate, Nancy Keenan, will be remembered at the event.
The Senior Fair and Forum will be held Thursday, October 6, at the Pennridge Senior Center, 146 East Main Street, Silverdale. The free, public educational session will run from 10:00 a.m. until 2:00 p.m. and is geared for area residents approaching 55 years of age or older. Information will be available from more than 20 organizations that are scheduled to attend, all focusing on Senior Citizen issues, concerns and lifestyles.
One of the highlights of this year’s event will be the recognition and honoring of Nancy Keenan, long-time civic activist and elder care advocate, who passed away in December 2010. Scheduled to attend the event are representatives of Congress, the State Senate, State Representatives, Pennsylvania’s Secretary of Aging, as well as Directors, Chairpersons and members of the Bucks County Area Agency on Aging and County Commissioners Office.
“Mrs. Keenan’s true passion was for the elderly. She became a mostly self-taught authority on elderly law and healthcare following her 1987 completion of the Close Up Foundation’s “Area Agency on Aging Advisory Council Leadership Forum” in Washington, D.C., noted Dean Souder, Vice President, Trust Officer of First Savings. “She served as chairperson of the Bucks County Area Agency on Aging Advisory Council and also the Southeast Regional Council of the Pennsylvania Council on Aging. She also wrote ‘The Prime Time’ column in an area newspaper, covering issues of importance to the elderly, including Medicare program changes, guardianships, and living wills. Most notably, Mrs. Keenan was a driving force behind the building of the new Pennridge Community Senior Center in Silverdale. In addition she was instrumental in organizing the Pennridge Senior Center Association, Inc. Her advocacy was recognized with many well-earned accolades and awards at the state, county and municipal levels.”
“Another new addition to this year’s Sr. Fair will be our version of the ‘Antique Roadshow’ with an appraiser on hand,” said Souder. “If you are interested in having an item appraised, bring it to the Fair; we ask that only one item per person be appraised, due to the time restraints.”
In addition to the exhibitors and guest speakers; prizes, give-aways and refreshments will be available. Further information can be obtained by calling First Savings at 215-257-5035.
If your best friend just bought a new 3-D television and proclaimed how great it is and then suggested that you run out and buy one yourself would you? On the other hand, if your best friend just bought 100 shares of a stock that they really liked, and told you how they’re going to make a killing in that stock and you should get some too, would you be more likely to run out to buy some?
It doesn’t matter what you invest in, you should be aware of what you are investing in, and have a rational basis for investing in it. By no means am I saying that you need to be a total expert in everything that you invest it, but make sure you do have knowledge about your investments. Depending on the investment you are looking at, how much you should be looking into them will be dictated to you.
For mutual funds or ETF’s, one doesn’t need to analyze each of the stock or bond holdings that their fund invests in (that is the job of the investment manager), but you should be aware of the mutual fund company, the managers, what the mutual fund invests in (or can’t invest in), its performance in up and down markets, and other fundamental factors associated with the management firm and fund itself.
If you are looking to delve into an individual bond or stock, than the work-load and familiarity associated with this purchase will get larger and more complicated. I once had a client instruct me to buy a security because “it was going to replace Microsoft”. When I asked the client about the stock they wished to invest in, they didn’t really know what they did or their business model. When I explained these to the client, the client no longer wished to purchase the stock. If you are going to invest in an individual stock or bond, invest in what you know.
As an example, if you are holiday shopping and go to 10 different stores, and one of these stores is significantly busier than the others, and you have noticed this in past years, you may want to look into that retail outlet further. On the other hand if 2 of these stores has 90% of their registers closed with few patrons and this is a pattern you have noticed before, it is probably a troublesome sign, and before investing or holding that stock, a lot more comfort about their other operations would be needed.
For those investors who do not take the time to familiarize themselves with their investments (or potential investments), they risk losing money or underperforming in their investments relative to the appropriate index. The uninformed investor may get lucky once or twice, but the odds are they will lose more times than they will win. Conversely, a well informed buyer doesn’t automatically mean a profit will be derived, but the decision to buy and subsequently hold or sell the investment will be based on information rather than emotion.
Securities and products offered through First Savings Securities, Inc. Member FINRA / SIPC
NOT FDIC INSURED – MAY LOSE VALUE – NO BANK GUARANTEE – NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations. To determine which investment(s) are right for you, consult your financial advisor before investing.
Winter weather is here, but following these few simple steps can help you stay cozy indoors and save money on heating costs too:
If you have any questions or would like information on Business, Personal or Life & Health insurance, contact First Savings Insurance at the Perkasie, Quakertown, or New Britain offices. 215-257-5035.
Committee members who planted the seeds for the Giving Tree include left to right: Kim Weichel, Val Gentile, Anne Kriebel and Sam Tancredi.
A “Giving Tree” sprouted in the First Savings Administration Building during the holidays! The many leaves from this special tree each contained a suggestion for a food product or gift item to be donated to area residents in need during the holiday season. Employees were invited to pick the leaves to help make the holiday season a little brighter for families in the Central and Upper Bucks County area.
More than 30 wrapped gifts were collected for area needy families and four carloads of food items and toiletries were donated to Pennridge FISH, the Quakertown Food Pantry, the New Britain Food Larder and “Give a Christmas” program sponsored by the Doylestown Intelligencer.
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