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June 20, 2012     The Julian News
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8 The Julian News Financial Focus Don't Fall Victim to Investment "Biases" If you're like most people, you go through many complex thoughts and emotions when choosing investments. In fact, a field of stud, called "behavioral finance" is devoted to understanding why people make their investment decisions. As part of their work, behavioral finance researchers examine "biases" that affect people's investment selections. And as an individual investor, you, too, can benefit from understanding these biases -- so that you can avoid them. Here are some of the key biases identified by behavioral finance experts: Overconfidence -- Overconfidence leads investors to believe they know the "right times" to buy and sell investments. But if you're constantly buying and selling in the belief that you are correctly "timing" the market, you maybe wrong many times, and you may incur more investment fees, expenses and taxes than if you simply bought quality investments and held them for the long term. Representativeness- If you make decisions based on preconceived ideas or stereotypes, you may be suffering from a bias called "representativeness." For example, if you see that investments from a particula r sector, such as energy, have performed particularly well in one year, you might think these types of vehicles will do just as well the next year, so you load up on them. Yet every sector will go through ups and downs, so one year's performance cannot necessarily predict the next year's performance. Instead of Edward Jones MAKING SENSE OF iNVESTING 850 Main St #104 Ramona, CA 92065 (760) 789-2804 Yv0nne P. Catton chasing "hot" investments, try to build a balanced portfolio that reflects your individual goals, risk tolerance and time horizon. Anchoring .--- Similar to representativeness, an anchoring bias occurs when investors place too much emphasis on past performance. If you own shares of XYZ stock, for instance, and the stock price hit $60 per share, you might assume XYZ will always sell for at least $60 a share. But if XYZ .drops to $30 per share -- perhaps as a result of a bread-based market decline -- you might think it's now "undervalued," leading you to "snap up" even more shares. However, XYX shares could also fall due to a change in its fundamentals, such as a shake-up in the company's management or a decline in the competitiveness of its products. As an informed investor, you need to work with your financial advisor to determine the causes of an investment's decline and any actions you may need to take in response. Confirmation -- If you are subject to confirmation bias, you may look for information that supports your reasons for choosing a particular investment. This type of bias can lead to faulty decision making, because you'll end up with one-sided information. In other words, you may latch onto all the positive reasons for investing in something -- such as a "hot stock" -- but you may overlook the "red flags" that would cause you to think twice if you were being totally objective. To fight back against confirmation bias, take your time before making any investment decision -- a quality investment will almost always be just as good a choice tomorrow as it is today. Being aware of these investment biases can help you make better decisions-- and over a period of many years, these decisions can make a difference as you work toward achieving your financial objectives. Predictions Revealed (NAPSA)-A time capsule,s predictions about life today may surprise you with its foresight. The time capsule sealed 25 years ago was opened at the annual L. Ron Hubbard Writers and Illustrators of the Future Contests ceremony in Los Angeles. Back then, contest grand-prize winner and now international New York Times best-selling author Dave Wolverton predicted that countries with a "falsely inflated economy would be forced to export their technologies to third- world countries where people are willing to work for less money." Famed best-selling author Orson Scott Card ("Ender's Game") forecast, "We must count ourselves lucky if anyone has leisure enough in 2012 to open this time capsule." To see these and other predictions, visit www. writersofthefuture, com. The contest was initiated by L. Ron Hubbard in 1983 to provide aspiring writers with a much-needed break, and the companion Illustrators of the Future Contest was created in 1988. Past winners have published over 750 novels and 3,500 short stories, and illustrators have had their art published in more than 500 books and magazines. Securely Access Your Social Security ' Earnings Information Online (NAPSA)-Secure and convenient online access to your Social Security earnings and benefit information is available due in part to fraud prevention services that help the U.S. Social Security Administration (SSA). The SSA uses Experian fraud prevention services to securely authenticate and safeguard the identities of consumers who now have online access to their Social Security earnings and benefit information through the SSA's new online Social Security Statement. The Statement is simple and easy.to use and provides people with estimates that can help them plian for retirement. The online Statement also provides estimates for disability and continued on page I1 June 20,2012 DdttCe fOr Dance fOr Da.00 lot "Savin 0 te planet one at a time" Come First Night between 5:00- 5:30for registration N Class fee for 8 weeks is $40.00 - Duefirst night of class; June 28  Beginners Welcome! No Performances required Call Toni if you have questions? 760 765 1905 Apple Junction Real Estate, Inc. Paul Bicanic Owner/Broker Active over 30 years full time in Julian Real Estate www.AJRE.com 760.765.2878 1 760.484.7792 lulian Kand Per Sale .91ACRES - 2 Bedroom septic in ground, water, electric, house plans - $110,000 1ACRE - Large Potential with water meter - $45,000. 1 ACRE - Seller will provide County Approved septic layout - $50,000. 1.19ACRES. Recently surveyed, Nice buildin9 site with existing septic system, all utilities available, Harrison Park - $110,000. 1.29ACRES -Approved 3 Bedroom septic layout, outstanding views - $42,000 Z5ACRES - Fabulous View and Privacy, $49,000. Z5 ACRES- View from Coronados to Catalina, Driveway and pad roughed in, Water meter, Seller is motivated to negotiate All CASH Offer - $85,000. 2.5 ACRES -Water meter, CountyApproved 3BR septic layout, Vew, House plans - $110,000. Z5ACRES - Paved roads, Underground utilities, Approved for 3BR,Large Oaks - $150,000. 2.5 ACRES - Gorgeous Wynola Estates Parcel, Seller will provide County Approved 3BR septic layout. Cedars, Oaks, Manzanita- $158,000. 2.5ACRES. Approved septic layout, grading plans, building plans, water meter, all utilities, Big oaks, Paved road - $219,000. 2.63ACRES - Very private with rural views, Approved County septic layout - $135,000. 2.77 ACRES - Foundation, 3 Bedtic system, water storage tank - $109,000 2.97ACRES - Unobstructed view property, From Mt Palomar to the Salton Sea, Water meter, County Approved for 3BR residence, All utilities + Cable - $199,000. 8 ACRES - Driveway and pad roughed in, County Approved for 3 BR,Terraced for orchard, Area for Pond, Huge Pine Tree, Oaks, Manzanita. View from Mt Palomar to Ranchita - $259,000. 9.92ACRES- Usable parcel, with Well, Storage Tank, 3 BR septic system in ground, view - $135,000. 13 ACRES - Usable undeveloped parcel. Level to rolling to sloping (Ranchita) - $60.000. Manufactured Homes - Golden Nugget Park $59-0 Space Rental - trash, electric, water, extra 2BR, 2BA 1600+ S.F. $120,000. ! ISO+ S.F. $65,000. Yvonne P Catton Financial Advisor 850 Main St #104 Ramona, CA 92065 760-789-2804 EdwardJoneg MAKING SENSE OF INVESTIN G www.edwardJones.com LUERS & DYER CPAS. LLP CERTIFIED PUBLIC ACCOUNTANTS 760 765-0343 REBECCAorJAN@LuersCPA.com www.LuersCPA.com Wynola Center, 4367 Hwy. 78, Suite 112 Santa Ysabel, CA 92070 NOTAIIY PUBLIC Becky Gambrill me. 760-765-2760 / e.. 760-533-4429 ) Please fall / for an a##omtmen t ANTHONYJ, ROMAN0 Attomey-At-Law Real Estate, Estate Planning, Business and Water Law (619) 696-9916 1901 First Avenue, Suite 110 San Diego, CA. THIS LOAN IS HERE NOW!l! IS YOUR HOME LOAN UNDERWATER? HAVE YOU MADE YOUR LAST 6 PAYMENTS ON TIME? IT TOOK THEM A WHILE BUT THE LOAN IS NOW HERE AND WE ARE CLOSING LOANS. FOR THE NORMAL LOAN IN YOUR AREA, WE ARE LOOKING AT HIGH 3]o TO LOW 4]0. CALL ME WITH THE ADDRESS AND YOUR NAME AND [ WILL GO ON SITE TO SEE IF YOUR LOAN WAS SOLD TO FANNIEMAE OR FREDDIEMAC. IN MANY CASES YOU CAN GO FROM A 30 YEAR TO A 15 OR 20 YEARS LOAN AND NOT INCREASE YOUR PAYMENT, IN MANY CASES PAYMENT WILL BE LOWER. OFFER EXPIRES DECEMBER 31ST, 2013. GET IT STARTED NOW WHILE RATES ARE DOWN. ONCE AGAIN IF THIS LOAN DOES NOT MAKE SENSE TO YOU 1 WON'TPUT YOU INTO IT. ANY CESTIONS PLEASE CONTACT ME. RULE OF THUMB IF 1 CAN COVER MY COSTS IN A 5 YEAR PERIOD IT MAKES SENSE. IN MANY CASES WE ARE COVERING COSTS IN LESS THAN 2 YEARS. ALSO DOING FHA. VA. CONVENTIONAL. LOG HOMES, MANUFACTURED HOMES AND CONSTRUCTION LOANS. CALL ME WITH OEST1ONS... 619-561-6241 FAX: 619-749-3667 CELL: 619-316-7732 Mike  McIntosh NMLS#: 226000 BACK COUNTRY SPECIALIST --gtA  EMAIL: MMCINTOSH@AMERIFIRST.US '=" "r-",'.=",.= LV*.,r.-='= 6370 LUSK BLVD. F209 ]LMtdI'liel SAN DIEGO, CA 92121 w-nrwTm'rvre l ,e 1errs, Licensed by the Department of Corporatiom under the  III.$L JtJ. CalifomioResidentialMongageLendingAct813-G596 LF.NDER