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Posts filed under 'Financial Planning'
Time for Your Retirement Physical
This article is an excerpt from a previously released Sidoxia Capital Management complementary newsletter (October 1, 2014). Subscribe on the right side of the page for the complete text.
As a middle-aged man, I've learned the importance of getting my annual physical to improve my longevity. The same principle applies to the longevity of your retirement account. With the fourth quarter of the calendar year officially underway, there is no better time to probe your investment portfolio and prescribe some recommendations relating to your financial goals.
A physical is especially relevant given all the hypertension raising events transpiring in the financial markets during the third quarter. Although the large cap biased indexes (Dow Jones Industrials and S&P 500) were up modestly for the quarter (+1.3% and +0.6%, respectively), the small and mid-cap stock indexes underperformed significantly (-8.0% [IWM] and -4.2% [SPMIX], respectively). What's more, all the daunting geopolitical headlines and uncertain macroeconomic data catapulted the Volatility Index (VIX – aka, "Fear Gauge") higher by a whopping +40.0% over the same period.
- What caused all the recent heartburn? Pick your choice and/or combine the following:
- ISIS in Iraq
- Bombings in Syria
- End of Quantitative Easing (QE) – Impending Interest Rate Hikes
- Mid-Term Elections
- Hong Kong Protests
- Tax Inversions
- Security Hacks
- Rising U.S. Dollar
- PIMCO's Bill Gross Departure
(See Hot News Bites in Newsletter for more details)
As I've pointed out on numerous occasions, there is never a shortage of issues to worry about (see Series of Unfortunate Events), and contrary to what you see on TV, not everything is destruction and despair. In fact, as I've discussed before, corporate profits are at record levels (see Retail Profits chart below), companies are sitting on trillions of dollars in cash, the employment picture is improving (albeit slowly), and companies are finally beginning to spend (see Capital Spending chart below):
Retail Profits
Source: Dr. Ed's Blog
Capital Spending
Source: Calafia Beach Pundit
Even during prosperous times, you can't escape the dooms-dayers because too much of a good thing can also be bad (i.e., inflation). Rather than getting caught up in the day-to-day headlines, like many of us investment nerds, it is better to focus on your long-term financial goals, diversification, and objective financial metrics. Even us professionals become challenged by sifting through the never-ending avalanche of news headlines. It's better to stick with a disciplined, systematic approach that functions as shock absorbers for all the inevitable potholes and speed bumps. Investment guru Peter Lynch said it best, "Assume the market is going nowhere and invest accordingly." Everyone's situation and risk tolerance is different and changing, which is why it's important to give your financial plan a recurring physical.
Vacation or Retirement?
Keeping up with the Joneses in our instant gratification society can be a taxing endeavor, but ultimately investors must decide between 1) Spend now, save later; or 2) Save now, spend later. Most people prefer the more enjoyable option (#1), however these individuals also want to retire at a young age. Often, these competing goals are in conflict. Unless, you are Oprah or Bill Gates (or have rich relatives), chances are you must get into the practice of saving, if you want a sizeable nest egg…before age 85. The problem is Americans typically spend more time planning their vacation than they do planning for retirement. Talking about finances with an advisor, spouse, or partner can feel about as comfortable as walking into a cold doctor's office while naked under a thin gown. Vulnerability may be an undesirable emotion, but often it is a necessity to reach a desired goal.
Ignorance is Not Bliss – Avoid Procrastination
Many people believe "ignorance is bliss" when it comes to healthcare and finance, which we all know is the worst possible strategy. Normally, individuals have multiple IRA, 401(k), 529, savings, joint, trust, checking and other accounts scattered around with no rhyme or reason. As with healthcare, reviewing finances most often takes place whenever there is a serious problem or need, which is usually at a point when it's too late. Unfortunately, procrastination typically wins out over proactiveness. Just because you may feel good, or just because you are contributing to your employer's 401(k), doesn't mean you shouldn't get an annual physical for your health and finances. I'm the perfect example. While I feel great on the outside, ignoring my high cholesterol lab results would be a bad idea.
And even for the DIY-ers (Do-It-Yourself-ers), rebalancing your portfolio is critical. In the last fifteen years, overexposure to technology, real estate, financials, and emerging markets at the wrong times had the potential of creating financial ruin. Like a boat, your investment portfolio needs to remain balanced in conjunction with your goals and risk tolerance, or your savings might tip over and sink.
Financial markets go up and down, but your long-term financial well-being does not have to become hostage to the daily vicissitudes. With the fourth quarter now upon us, take control of your financial future and schedule your retirement physical.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold positions in certain exchange traded funds (ETFs), but at the time of publishing SCM had no direct position in IWM, SPMIX, or any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.
Sports & Investing: Why Strong Earnings Can Hurt Stock Prices
With the World Cup in full swing and rabid fans rooting for their home teams, one may notice the many similarities between investing in stocks and handicapping in sports betting. For example, investors (bettors) have opposing views on whether a particular stock (team) will go up or down (win or lose), and determine if the valuation (point spread) is reflective of the proper equilibrium (supply & demand). And just like the stock market, virtually anybody off the street can place a sports bet – assuming one is of legal age and in a legal betting jurisdiction.
Soon investors will be poring over data as part of the critical, quarterly earnings ritual. With some unsteady GDP data as of late, all eyes will be focused on this earnings reporting season to reassure market observers the bull advance can maintain its momentum. However, even positive reports may lead to unexpected investor reactions.
So how and why can market prices go down on good news? There are many reasons that short-term price trends can diverge from short-run fundamentals. One major reason for the price-fundamental gap is this key factor: "expectations". With such a large run-up in the equity markets (up approx. +195% from March 2009) come loftier expectations for both the economy and individual companies. For instance, just because corporate earnings unveiled from companies like Google (GOOG/GOOGL), J.P. Morgan (JPM), and Intel (INTC) exceed Wall Street analyst forecasts does not mean stock prices automatically go up. In many cases a stock price correction occurs due to a large group of investors who expected even stronger profit results (i.e., "good results, but not good enough"). In sports betting lingo, the sports team may have won the game this week, but they did not win by enough points ("cover the spread").
Some other reasons stock prices move lower on good news:
- Market Direction: Regardless of the underlying trends, if the market is moving lower, in many instances the market dip can overwhelm any positive, stock- specific factors.
- Profit Taking: Many times investors holding a long position will have price targets or levels, if achieved, that will trigger selling whether positive elements are in place or not.
- Interest Rates: Certain valuation techniques (e.g. Discounted Cash Flow and Dividend Discount Model) integrate interest rates into the value calculation. Therefore, a climb in interest rates has the potential of lowering stock prices – even if the dynamics surrounding a particular security are excellent.
- Quality of Earnings: Sometimes producing winning results is not enough (see also Tricks of the Trade article). On occasion, items such as one-time gains, aggressive revenue recognition, and lower than average tax rates assist a company in getting over a profit hurdle. Investors value quality in addition to quantity.
- Outlook: Even if current period results may be strong, on some occasions a company's outlook regarding future prospects may be worse than expected. A dark or worsening outlook can pressure security prices.
- Politics & Taxes: These factors may prove especially important to the market this year, since this is a mid-term election year. Political and tax policy changes today may have negative impacts on future profits, thereby impacting stock prices.
- Other Exogenous Items: Natural disasters and security attacks are examples of negative shocks that could damage price values, irrespective of fundamentals.
Certainly these previously mentioned issues do not cover the full gamut of explanations for temporary price-fundamental gaps. Moreover, many of these factors could be used in reverse to explain market price increases in the face of weaker than anticipated results.
If you're traveling to Las Vegas to place a wager on the World Cup, betting on winning favorites like Germany and Argentina may not be enough. If expectations are not met and the hot team wins by less than the point spread, don't be surprised to see a decline in the value of your bet.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients own certain exchange traded funds, GOOG, and GOOGL, but at the time of publishing had no direct positions in JPM and INTC. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC "Contact" page.
The Only Thing to Fear is the Unknown Itself
Martin Luther King, Jr. famously stated, "The only thing we have to fear is fear itself," but when it comes to the stock market, the only thing to fear is the "unknown." As much as people like to say, "I saw that crisis coming," or "I knew the bubble was going to burst," the reality is these assertions are often embellished, overstated, and/or misplaced.
How many people saw these events coming?
- 1987 – Black Monday
- Iraqi War
- Thai Baht Currency Crisis
- Long-Term Capital Management Collapse & Bailout
- 9/11 Terrorist Attack
- Lehman Brothers Bankruptcy / Bear Stearns Bailout
- Flash Crash
- U.S. Debt Downgrade
- Arab Spring
- Sequestration Cuts
- Cyprus Financial Crisis
- Federal Reserve (QE1, QE2, QE3, Operation Twist, etc.)
Sure, there will always be a prescient few who may actually get it right and profit from their crystal balls, but to assume you are smart enough to predict these events with any consistent accuracy is likely reckless. Even for the smartest and brightest minds, uncertainty and doubt surrounding such mega-events leads to inaction or paralysis. If profiting in advance of these negative outcomes was so easy, you probably would be basking in the sun on your personal private island…and not reading this article.
Coming to grips with the existence of a never-ending series of future negative financial shocks is the price of doing business in the stock market, if you want to become a successful long-term investor. The fact of the matter is with 7 billion people living on a planet orbiting the sun at 67,000 mph, the law of large numbers tells us there will be many unpredictable events caused either by pure chance or poor human decisions. As the great financial crisis of 2008-2009 proved, there will always be populations of stupid or ignorant people who will purposely or inadvertently cause significant damage to economies around the world.
Fortunately, the power of democracy (see Spreading the Seeds of Democracy) and the benefits of capitalism have dramatically increased the standards of living for hundreds of millions of people. Despite horrific outcomes and unthinkable atrocities perpetrated throughout history, global GDP and living standards continue to positively march forward and upward. For example, consider in my limited lifespan, I have seen the introduction of VCRs, microwave ovens, mobile phones, and the internet, while experiencing amazing milestones like the eradication of smallpox, the sequencing of the human genome, and landing space exploration vehicles on Mars, among many other unimaginable achievements.
Despite amazing advancements, many investors are paralyzed into inaction out of fear of a harmful outcome. If I received a penny for every negative prediction I read or heard about over my 20+ years of investing, I would be happily retired. The stock market is never immune from adverse events, but chances are a geopolitical war in Ukraine/Iraq; accelerated Federal Reserve rate tightening; China real estate bubble; Argentinian debt default; or other current, worrisome headline is unlikely to be the cause of the next -20%+ bear market. History shows us that fear of the unknown is more rational than the fear of the known. If you can't come to grips with fear itself, I fear your long-term results will lead to a scary retirement.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold long positions in certain exchange traded funds, but at the time of publishing SCM had no direct position in any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.
Stocks Winning vs. Weak Competitors
This article is an excerpt from a previously released Sidoxia Capital Management complementary newsletter (June 2, 2014). Subscribe on the right side of the page for the complete text.
Winning at any sport is lot easier if you can compete without an opponent. Imagine an NBA basketball MVP LeBron James driving to the basket against no defender, or versus a weakling opponent like a 44-year-old investment manager. Under these circumstances, it would be pretty easy for James and his team, the Miami Heat, to victoriously dominate without even a trace of sweat.
Effectively, stocks have enjoyed similar domination in recent years, while steamrolling over the bond competition. To put the stock market's winning streak into perspective, the S&P 500 index set a new all-time record high in May, with the S&P 500 advancing +2.1% to 1924 for the month, bringing the 2013-2014 total return to about +38%. Not too shabby results over 17 months, if you consider bank deposits and CDs are paying a paltry 0.0-1.0% annually, and investors are gobbling up bonds yielding a measly 2.5% (see chart below).
The point, once again, is that even if you are a skeptic or bear on the outlook for stocks, the stock market still offers the most attractive opportunities relative to other asset classes and investment options, including bonds. It's true, the low hanging fruit in stocks has been picked, and portfolios can become too equity-heavy, but even retirees should have some exposure to equities.
As I wrote last month in Buy in May and Dance Away, why would investors voluntarily lock in inadequate yields at generational lows when the earnings yield on stocks are so much more appealing. The approximate P/E (Price-Earnings) ratio for the S&P 500 currently averages approximately +6.2% with a rising dividend yield of about +1.8% – not much lower than many bonds. Over the last five years, those investors willing to part ways with yield-less cash have voted aggressively with their wallets. Those with confidence in the equity markets have benefited massively from the approximate +200% gains garnered from the March 2009 S&P 500 index lows.
For the many who have painfully missed the mother of all stock rallies, the fallback response has been, "Well, sure the market has tripled, but it's only because of unprecedented printing of money at the QE (Quantitative Easing) printing presses!" This argument has become increasingly difficult to defend ever since the Federal Reserve announced the initiation of the reduction in bond buying (a.k.a., "tapering") six months ago (December 18th). Over that time period, the Dow Jones Industrial Average has increased over 800 points and the S&P 500 index has risen a healthy 8.0%.
As much as everyone would like to blame (give credit to) the Fed for the bull market, the fact is the Federal Reserve doesn't control the world's interest rates. Sure, the Fed has an influence on global interest rates, but countries like Japan may have something to do with their own 0.57% 10-year government bond yield. For example, the economic/political policies and demographics in play might be impacting Japan's stock market (Nikkei), which has plummeted about -62% over the last 25 years (about 39,000 to 15,000). Almost as shocking as the lowly rates in Japan and the U.S. and Japan, are the astonishingly low interest rates in Europe. As the chart below shows, France and Germany have sub-2% 10-year government bond yields (1.76% and 1.36%, respectively) and even economic basket case countries like Italy and Spain have seen their yields pierce below the 3% level.
Suffice it to say, yield is not only difficult to find on our shores, but it is also challenging to find winning bond returns globally.
Well if low interest rates and the Federal Reserve aren't the only reasons for a skyrocketing stock market, then how come this juggernaut performance has such long legs? The largest reason in my mind boils down to two words…record profits. Readers of mine know I follow the basic tenet that stock prices follow earnings over the long-term. Interest rates and Fed Policy will provide headwinds and tailwinds over different timeframes, but ultimately the almighty direction of profits determines long-run stock performance. You don't have to be a brain surgeon or rocket scientist to appreciate this correlation. Scott Grannis (Calafia Beach Pundit) has beautifully documented this relationship in the chart below.
Supporting this concept, profits help support numerous value-enhancing shareholder activities we have seen on the rise over the last five years, which include rising dividends, share buybacks, and M&A (Mergers & Acquisitions) activity. Eventually the business cycle will run its course, and during the next recession, profits and stock prices will be expected to decline. A final contributing factor to the duration of this bull market is the abysmally slow pace of this economic recovery, which if measured in job creation terms has been the slowest since World War II. Said differently, the slower a recovery develops, the longer the recovery will last. Bill McBride at Calculated Risk captured this theme in the following chart:
Despite the massive gains and new records set, skeptics abound as evidenced by the nearly -$10 billion of withdrawn money out of U.S. stock funds over the last month (most recent data).
I've been labeled a perma-bull by some, but over my 20+ years of investing experience I understand the importance of defensive positioning along with the benefits of shorting expensive, leveraged stocks during bear markets, like the ones in 2000-2001 and 2008-2009. When will I reverse my views and become bearish (negative) on stocks? Here are a few factors I'm tracking:
- Inverted Yield Curve: This was a good precursor to the 2008-2009 crash, but there are no signs of this occurring yet.
- Overheated Fund Inflows: When everyone piles into stocks, I get nervous. In the last four weeks of domestic ICI fund flow data, we have seen the opposite…about -$9.5 billion outflows from stock funds.
- Peak Employment: When things can't get much better is the time to become more worried. There is still plenty of room for improvement, especially if you consider the stunningly low employment participation rate.
- Fed Tightening / Rising Bond Yields: The Fed has made it clear, it will be a while before this will occur.
- When Housing Approaches Record Levels: Although Case-Shiller data has shown housing prices bouncing from the bottom, it's clear that new home sales have stalled and have plenty of head room to go higher.
- Financial Crisis: Chances of experiencing another financial crisis of a generation is slim, but many people have fresh nightmares from the 2008-2009 financial crisis. It's not every day that a 158 year-old institution (Lehman Brothers) or 85 year-old investment bank (Bear Stearns) disappear, but if the dominoes start falling again, then I guess it's OK to become anxious again.
- Better Opportunities: The beauty about my practice at Sidoxia is that we can invest anywhere. So if we find more attractive opportunities in emerging market debt, convertible bonds, floating rate notes, private equity, or other asset classes, we have no allegiances and will sell stocks.
Every recession and bear market is different, and although the skies may be blue in the stock market now, clouds and gray skies are never too far away. Even with record prices, many fears remain, including the following:
- Ukraine: There is always geopolitical instability somewhere on the globe. In the past investors were worried about Egypt, Iran, and Syria, but for now, some uncertainty has been created around Ukraine.
- Weak GDP: Gross Domestic Product was revised lower to -1% during the first quarter, in large part due to an abnormally cold winter in many parts of the country. However, many economists are already talking about the possibility of a 3%+ rebound in the second quarter as weather improves.
- Low Volatility: The so-called "Fear Gauge" is near record low levels (VIX index), implying a reckless complacency among investors. While this is a measure I track, it is more confined to speculative traders compared to retail investors. In other words, my grandma isn't buying put option insurance on the Nasdaq 100 index to protect her portfolio against the ramifications of the Thailand government military coup.
- Inflation/Deflation: Regardless of whether stocks are near a record top or bottom, financial media outlets in need of a topic can always fall back on the fear of inflation or deflation. Currently inflation remains in check. The Fed's primary measure of inflation, the Core PCE, recently inched up +0.2% month-to-month, in line with forecasts.
- Fed Policy: When are investors not worried about the Federal Reserve's next step? Like inflation, we'll be hearing about this concern until we permanently enter our grave.
In the sport of stocks and investing, winning is never easy. However, with the global trend of declining interest rates and the scarcity of yields from bonds and other safe investments (cash/money market/CDs), it should come as no surprise to anyone that the winning streak in stocks is tied to the lack of competing investment alternatives. Based on the current dynamics in the market, if LeBron James is a stock, and I'm forced to guard him as a 10-year Treasury bond, I think I'll just throw in the towel and go to Wall Street. At least that way my long-term portfolio has a chance of winning by placing a portion of my bets on stocks over bonds.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold positions in certain exchange traded funds (ETFs), but at the time of publishing SCM had no direct position in any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.
Searching for the Market Boogeyman
With the stock market reaching all-time record highs (S&P 500: 1900), you would think there would be a lot of cheers, high-fiving, and back slapping. Instead, investors are ignoring the sunny, blue skies and taking off their rose-colored glasses. Rather than securely sleeping like a baby (or relaxing during a three-day weekend) with their investment accounts, people are biting their fingernails with clenched teeth, while searching for a market boogeyman in their closets or under their beds.
If you don't believe me, all you have to do is pick up the paper, turn on the TV, or walk over to the office water cooler. An avalanche of scary headlines that are spooking investors include geopolitical concerns in Ukraine & Thailand, slowing housing statistics, bearish hedge fund managers (i.e., Tepper Einhorn, Cooperman), declining interest rates, and collapsing internet stocks. In other words, investors are looking for things to worry about, despite record corporate profits and stock prices. Peter Lynch, the manager of the Magellan Fund that posted +2,700% in gains from 1977-1990, put short-term stock price volatility into perspective:
"You shouldn't worry about it. You should worry what are stocks going to be 10 years from now, 20 years from now, 30 years from now."
Rather than focusing on immediate stock market volatility and other factors out of your control, why not prioritize your time on things you can control. What investors can control is their asset allocation and spending levels (budget), subject to their personal time horizons and risk tolerances. Circumstances always change, but if people spent half the time on investing that they devoted to planning holiday vacations, purchasing a car, or choosing a school for their child, then retirement would be a lot less stressful. After realizing 99% of all the short-term news is nonsensical noise, the next important realization is stocks are volatile securities, which frequently go down -10 to -20%. As much as amateurs and professionals say or think they can profitably predict these corrections, they very rarely can. If your stomach can't handle the roller-coaster swings, then you shouldn't be investing in the stock market.
Bear-markets generally coincide with recessions, and since World War II, Americans experience about two economic contractions every decade. And as I pointed out earlier in A Series of Unfortunate Events, even during the current massive bull market, a recession has not been required to suffer significant short-term losses (e.g., Flash Crash, Greece, Arab Spring, Obamacare, Cyprus, etc.). Seasoned veterans understand these volatile periods provide incredible investment opportunities. As Warren Buffett states, "Be fearful when others are greedy, and be greedy when others are fearful." Fear and panic may be behind us, but skepticism is still firmly in place. Buying during current skepticism is still not a bad thing, as long as greed hasn't permeated the masses, which remains the case today.
Overly emotional people that make investment decisions with their gut do more damage to their savings accounts than conservative, emotional investors who understand their emotional shortcomings. On the other hand, the problem with investing too conservatively, for those that have longer-term time horizons (10+ years), is multi-pronged. For starters, overly conservative investments made while interest rate levels hover near historical lows lead to inflationary pressures gobbling up savings accounts. Secondly, the low total returns associated with excessively conservative investments will result in a later retirement (e.g., part-time Wal-Mart greeter in your 80s), or lower quality standard of living (e.g., macaroni & cheese dinners vs. filet mignon).
Most people say they understand the trade-offs of risk and return. Over the long-run, low-risk investments result in lower returns than high risk investments (i.e., bonds vs. stocks). If you look at the following chart and ask anyone what their preferred path would be over the long-run, almost everyone would select the steep, upward-sloping equity return line.
Yet, stock ownership and attitudes towards stocks remain at relatively low and skeptical levels (see Gallup survey in Markets Soar and Investors Snore). It's true that attitudes are changing at a glacial pace and bond outflows accelerated in 2013, but more recently stock inflows remain sporadic and scared money is returning to bonds. Even though it has been over five years, the emotional scars from 2008-2009 apparently still need some time to heal.
Investing in stocks can be very scary and hazardous to your health. For those millions of investors who realize they do not hold the emotional fortitude to withstand the ups and downs, leave the worrying responsibilities to the experienced advisors and investment managers like me. That way you can focus on your job and retirement, while the pros can remain responsible for hunting and slaying the boogeyman.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold long positions in certain exchange traded funds and WMT, but at the time of publishing SCM had no direct position in any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.
Rise of the Robo-Advisors: Paying to Do-It-Yourself
Robots and computers are taking over our lives. We see it in areas of our daily living, including the use of digitally driven cars, cell phones, automated vacuums, and electronic self-serve kiosks at the grocery store. And now robots have come into our investing and financial lives in the form of robo-advisors. With a few clicks of a computer mouse or taps on a smartphone, investors are hoping to find their way to financial nirvana.
What sites am I talking about? Here is a brief, albeit rapidly growing, list of popular robo-advisor sites:
Not all of these robo-sites invest individuals' money, but nevertheless, there are several factors contributing to the upsurge in in these financial advice websites. For starters, there is a whole new, younger demographic pool of savers who have grown up with their iPhone and shop exclusively online for their goods and services. Many of these financial sites are trying to fill a void for this tech-savvy group looking for a new app to bring wealth and riches.
Another factor contributing to the rise of the robo-advisors is a function of the 2008-2009 financial crisis and the explosive growth of the multi-trillion dollar exchange traded fund (ETF) industry. Many baby boomers who were planning to retire were hit brutally hard by the financial crisis and subsequently asked themselves why they were paying such high fees to their advisors for losing money. With the stock market now increasing for five consecutive years, some investors are gaining confidence in pursuing other lower-cost solutions to their investments outside of the traditional human advisor channel.
Too Good to Be True? The Shortcomings
On the surface, the proposition of clicking a few buttons to create financial prosperity seems quite appealing, but if you look a little more closely under the hood, what you quickly realize is that most of these robo-advisor sites are glorifying the practice of doing-it-yourself (DIY). After conducting some due diligence on the various investment bells-and-whistles of these robo-sites, one quickly realizes individuals can replicate most of the kindergartener-esque ETF portfolios by merely calling 1-800-VANGUARD – without having to pay robo-advisor fees ranging from 0.15% – 0.95%. More specifically, Wealthfront and Betterment use 6-12 ETF security portfolios, integrating many Vanguard funds and other ETFs that can be purchased with a click of a mouse or phone call (without having to pay the robo-advisor middleman). A cynic may also point out these robo-investment sites are nothing more than expensive life-cycle funds that could be replicated at a fraction of the cost.
Despite the sites' transparency preaching, filtering through robo fee and performance disclosure can be frustratingly tedious too – good luck to the novices. For example, Betterment claims to have created a superior performance track record, despite a hidden disclosure stating the results are manufactured from a computer back-test. The transparency pitch seems a little disingenuous, and I wonder how many of the new robo-site users are also aware of the extra underlying ETF fees? But when marketing a new high-cost start-up, I guess you need to fabricate a fancy chart and track record when you don't have one. Underlying the robo investment sites is a disparate, hodge-podge of studies anointing Modern Portfolio Theory as the holy grail, but readers of this blog know there are many failings to pure quantitative strategies implemented by academics (see LTCM in Black Swans & Butter in Bangladesh).
The concept of DIY is nothing new. One can look no further than the impact Home Depot (HD) has had on the home improvement industry. In addition, there are plenty of individuals who choose to do their own income taxes with the help of software technology (i.e., Intuit), or those who forego hiring an estate planning attorney by using off-the-shelf legal documents (i.e., Legal Zoom). Many industries in our economy inherently have penny pinching DIY-ers, but despite current and future inroads made by the robo-advisors, there will always be individuals who do not have the capacity, patience, or interest to search out a DIY investment solution.
After watching the stock market rise for five consecutive years, taming investment portfolios may seem like a simple problem for internet software to solve, but experienced investors (not academics) understand successful long-term investing is never easy…with or without technology. The reality of the situation is that when volatility eventually spikes and we hit an inevitable bear market, these robo-sites will fail miserably in supplying the necessary human element to facilitate more prudent investment decisions.
While the rising robo-advisors may have many investment advisory shortcomings, I will acknowledge some appealing aggregating features that provide a helpful holistic view of an individual's finances (see Mint). Also, these sites are forcing investors to ask their advisors the important and appropriate tough questions regarding fees, compensation, and conflicts of interest. However, in spite of the short-term, blossoming success of the robo-sites, investing has never been more difficult. Investors continue to get overwhelmed with the 24-7, 365 news cycles that proliferates an endless avalanche of global crises via TV, radio, Twitter, Facebook, and the blogosphere.
While a younger, less-affluent DIY demographic may flock to some of these robo-advisors, the millions of aging and retiring baby boomers ensures there will be plenty of demand for traditional advisors. Experienced independent RIA advisors and financial planners, like Sidoxia, who integrate low-cost ETFs into their investment management practices stand to benefit handsomely. Those advisors/sites offering simplistic, commoditized ETF offerings with no wealth planning services will be challenged. While I may not lose sleep over the rise of the robo-advisors, I will continue to dream of a robot that will lower my taxes and win me the lottery.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold long positions in certain exchange traded funds (including Vanguard ETFs), AAPL, but at the time of publishing SCM had no direct position in HD, TWTR, FB, Legal Zoom, or any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.
Buy in May and Tap Dance Away
This article is an excerpt from a previously released Sidoxia Capital Management complementary newsletter (May 1, 2014). Subscribe on the right side of the page for the complete text.
The proverbial Wall Street adage that urges investors to "Sell in May, and go away" in order to avoid a seasonally volatile period from May to October has driven speculative trading strategies for generations. The basic premise behind the plan revolves around the idea that people have better things to do during the spring and summer months, so they sell stocks. Once the weather cools off, the thought process reverses as investors renew their interest in stocks during November. If investing was as easy as selling stocks on May 1 st and then buying them back on November 1st, then we could all caravan in yachts to our private islands while drinking from umbrella-filled coconut drinks. Regrettably, successful investing is not that simple and following naïve strategies like these generally don't work over the long-run.
Even if you believe in market timing and seasonal investing (see Getting Off the Market Timing Treadmill ), the prohibitive transaction costs and tax implications often strip away any potential statistical advantage.
Unfortunately for the bears, who often react to this type of voodoo investing, betting against the stock market from May – October during the last two years has been a money-losing strategy. Rather than going away, investors have been better served to "Buy in May, and tap dance away." More specifically, the S&P 500 index has increased in each of the last two years, including a +10% surge during the May-October period last year.
Nervous? Why Invest Now?
With the weak recent economic GDP figures and stock prices off by less than 1% from their all-time record highs, why in the world would investors consider investing now? Well, for starters, one must ask themselves, "What options do I have for my savings…cash?" Cash has been and will continue to be a poor place to hoard funds, especially when interest rates are near historic lows and inflation is eating away the value of your nest-egg like a hungry sumo wrestler. Anyone who has completed their income taxes last month knows how pathetic bank rates have been, and if you have pumped gas recently, you can appreciate the gnawing impact of escalating gasoline prices.
While there are selective opportunities to garner attractive yields in the bond market, as exploited in Sidoxia Fusion strategies, strategist and economist Dr. Ed Yardeni points out that equities have approximately +50% higher yields than corporate bonds. As you can see from the chart below, stocks (blue line) are yielding profits of about +6.6% vs +4.2% for corporate bonds (red line). In other words, for every $100 invested in stocks, companies are earning $6.60 in profits on average, which are then either paid out to investors as growing dividends and/or reinvested back into their companies for future growth.
Hefty profit streams have resulted in healthy corporate balance sheets, which have served as ammunition for the improving jobs picture. At best, the economic recovery has moved from a snail's pace to a tortoise's pace, but nevertheless, the unemployment rate has returned to a more respectable 6.7% rate. The mended economy has virtually recovered all of the approximately 9 million private jobs lost during the financial crisis (see chart below) and expectations for Friday's jobs report is for another +220,000 jobs added during the month of April.
Wondrous Wing Woman
Investing can be scary for some individuals, but having an accommodative Fed Chair like Janet Yellen on your side makes the challenge more manageable. As I've pointed out in the past (with the help of Scott Grannis), the Fed's stimulative 'Quantitative Easing' program counter intuitively raised interest rates during its implementation. What's more, Yellen's spearheading of the unprecedented $40 billion bond buying reduction program (a.k.a., 'Taper') has unexpectedly led to declining interest rates in recent months. If all goes well, Yellen will have completed the $85 billion monthly tapering by the end of this year, assuming the economy continues to expand.
In the meantime, investors and the broader financial markets have begun to digest the unwinding of the largest, most unprecedented monetary intervention in financial history. How can we tell this is the case? CEO confidence has improved to the point that $1 trillion of deals have been announced this year, including offers by Pfizer Inc. – PFE ($100 billion), Facebook Inc. – FB ($19 billion), and Comcast Corp. – CMCSA ($45 billion).
Banks are feeling more confident too, and this is evident by the acceleration seen in bank loans. After the financial crisis, gun-shy bank CEOs fortified their balance sheets, but with five years of economic expansion under their belts, the banks are beginning to loosen their loan purse strings further (see chart below).
The coast is never completely clear. As always, there are plenty of things to worry about. If it's not Ukraine, it can be slowing growth in China, mid-term elections in the fall, and/or rising tensions in the Middle East. However, for the vast majority of investors, relying on calendar adages (i.e., selling in May) is a complete waste of time. You will be much better off investing in attractively priced, long-term opportunities, and then tap dance your way to financial prosperity.
Wade W. Slome, CFA, CFP®
Plan. Invest. Prosper.
DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold positions in PFE, CMCSA, and certain exchange traded funds (ETFs), but at the time of publishing SCM had no direct position in FB or any other security referenced in this article. No information accessed through the Investing Caffeine (IC) website constitutes investment, financial, legal, tax or other advice nor is to be relied on in making an investment or other decision. Please read disclosure language on IC Contact page.


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The best-selling author explains that if you are unhappy with your present outward condition, whatever it may be, reflects a deeper inner turmoil. read more
Charisma Magazine
Page 117 of 358
Fibromyalgia Treatment: Improving Quality of Life
Cupping therapy message is designed to treat the muscle condition naturally and has been proven effective. read more
Study Finds Medicaid Coverage Gaps in States
A survey by the nonpartisan Kaiser Family Foundation says that state Medicaid programs are failing to reach large numbers of the country's poor. read more
Binge Drinking: Self-Medication for Women?
A new study claims that binge drinking among American females, young and old, is becoming a growing problem. read more
Heart Breaker
Heart disease is America's No. 1 killer, yet its roots are far more spiritual than most think read more
Evidence Grows for Narcolepsy Link to Swine Flu Shot
Northern European countries have seen spikes in narcolepsy cases after individuals were immunized with the Pandemrix H1N1 vaccine. read more
Pastor Steve Reynolds: Your Gameplan for Health
If you want to lose weight, you have to pay the price and work through the sweat and tears. The good news is that the reward is surely great. read more
Spiritual Danger: Why Christians Shouldn't Practice Yoga
Yoga may seem like an innocent way to get fit, but centuries of spiritual implications lie behind those quirky-named poses. As an alternative, exercise regimens that fuse Scripture meditation with deep stretching are becoming increasingly popular. read more
Breathing Program May Help Save Newborns' Lives
The American Academy of Pediatrics has developed a program that may help prevent birth asphyxia, one of the major causes of newborn deaths. read more
'Fun'ctional Fitness Makes it Easier
Are you having fun? Keep asking yourself that question. After all, we're created for God's pleasure. read more
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The Gracie Allen Murder Case: A Philo Vance Story
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LegalTypist is here
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The Pavilion, a division of the Nailco Group, just opened the first Raquel Welch Wig & Styling Showroom in the United States. Located in Farmington Hills, MI, the showroom, a proud sponsor of the American Cancer Society's Look Good . . . Feel Better program, gives hairdressers who may not offer wig services in
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When my good friends Ann Mincey and Mary Wilson invited me to Destination Rejuvenation, a three-day retreat to rejuvenate mind, body and spirit, I jumped at the chance. Ann and Mary hold these retreats twice a year, in October and April, at the Surf & Sand Resort in Laguna Beach, CA, which is as close to
on Nov 01, 2008
Redken Fifth Avenue is promoting i-vu in-salon touch screens to help salons communicate with their clients, provide entertainment for them and build business. The sleek, flat-screen monitors allow clients to view interactive videos on everything from salon services to product promotions to the latest celebrity
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Modern Glamour Anne Hathaway trusts her tresses to celebrity stylist Ted Gibson. To achieve this kind of look, Gibson starts with good prep products, such as his own Build It Blow Drying Agent or Hairsheet Styling, to protect hair and build volume and shine. He then dries the hair with a round brush
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This curly style from American Crew International All-Star Dominique Rohde channels the classic American beach boy. To duplicate the look, flat-cut diagonal back sections in the lower rear. Point-cut the perimeter with a simple angle. The interior shape can be achieved using horizontal transition. To style, apply


text:
Rimmel • Lasting Finish - Kate Moss 11 • Lipstick
(11 reviews)
|Average Rating.
|Would buy this product again.
Sarasobo on 11/15/2014 10:24:00 PM more reviews by Sarasobo
Age: 19-24 Skin: Acne-prone, Fair Hair: Blond Eyes: Hazel
Absolutely love this lipstick I will definitely buy it again has to be my favorite rimmel London product last all day without transferring and even stains lips and it actually dosent taste terrible!
Was this review helpful to you? Yes No
elled70 on 7/3/2014 10:07:00 AM more reviews by elled70
Age: 44-55 Skin: Combination, Fair Hair: Brunette Eyes: Green
was looking for a good red something not too vivid. this looks great. always get compliments when i wear it. i will buy again.
Was this review helpful to you? Yes No
*TOP REVIEWER* hebrides on 5/25/2014 6:21:00 PM more reviews by hebrides
Age: 56 & Over Skin: Dry, Fair, Cool Hair: Brown, Straight, Medium Eyes: Blue
This shade looks perfect on me. I also like 01. I love all of her cream lipsticks and have several which I blend to make new shades. But 11 is a special shade which is darker red but suits my fair complexion and I love to wear it alone, with no gloss. It doesn't need it. I do not find it too blue or purple and it wears a long time. These are all on sale for $4.99 and it is well worth getting a few. The case is beautiful with her signature, and does not come open in your purse like other bargain brands. Unlike her matte collection this does not have a strong scent and it's just almost perfect. It is so much better than others you might buy on sale. I mean I got a ton of the NYC for $1.79 yet they wear off in 5 minutes. These are higher quality and they last. My all time best lipstick is MAC Dubonnet and this one is almost as good.
1 out of 1 people found this review helpful. Was this review helpful to you? Yes No
Emmmmma on 3/4/2014 9:43:00 PM more reviews by Emmmmma
Age: 18 & Under Skin: Other, Fair-Medium Hair: Other Eyes: Hazel
I bought this lipstick on a whim, actually looking for the matte 107 which I could not find in any durgstores around me! I thought that 11 looked very similar and decided to purchase it to try out my first dark red, and ended up falling in love with it! The colour is amazing and the colour pay-off is amazing. The formula is creamy and easy to apply, and has great lasting colour. The only thing I would suggest is using a lip liner lining the lips and filling them in if you are wearing this lipstick whilst you will be eating and drinking because, without, I found that it tended to bleed a bit. Other than that, love the product and will buy again over Mac's Rebel!
2 out of 2 people found this review helpful. Was this review helpful to you? Yes No
*TOP REVIEWER* CordulaM on 12/7/2013 2:51:00 AM more reviews by CordulaM
Age: 30-35 Skin: Sensitive, Fair-Medium Hair: Brunette, Wavy, Coarse Eyes: Brown
I bought this because I wanted the matte 107, but no stores had it, so I got this. I thought it would be similar in color, just in creme formula. It's true that it's a little deceiving in that it's less dark wine red than it seems. When you see swatches, it looks bright compared to 107. But I do like this line and I love #10. 11 is just a little darker. I layered 11 with Revlon Black Cherry and I got a deeper red. So that should quell my 107 cravings for now, though my curiosity will get the better of me. (Yea I eventually got it ;) ) But as for this. I do like the color and the formula. Its not garish and works fairly well on paler and even warm tones. (It's a dark cool red). And when you catch a sale it just makes a good price better! So for that reason I'll keep it, but I know I won't use it often enough to repurchase. I paired it with Nyx Slim liner in Deep Red or Cabaret.
1 out of 1 people found this review helpful. Was this review helpful to you? Yes No
southernbambi on 3/18/2013 5:42:00 PM more reviews by southernbambi
Age: 19-24 Skin: Combination, Fair Hair: Brunette Eyes: Brown
I bought this one at a drugstore, thinking it would be a rather wine-like red, because that's what it looks like. However, once applied, it turned out to be a rather pink based true red. It's very pretty and it's not too drying for a matte formula.
I would really recommend this one for anyone looking for a nice, economic red. For its price, I have to say it has really good quality. The only reason why I'm not buying this again is because I have enough red lipsticks already and this wasn't the color I wasn't originally looking for, but I still recommend it.
2 out of 2 people found this review helpful. Was this review helpful to you? Yes No
Kanyeeast on 1/6/2013 1:34:00 PM more reviews by Kanyeeast
Age: 18 & Under Skin: Combination, Fair Hair: Blond Eyes: Blue
The pigment of the lipstick is very strong and doesn't seem to come off except with constant blotting (water is ineffective) and so even when it's filled it's purpose you have bleeding and off-coloured lips.
The lipstick itself is super cheap, sweetly packaged and has a creamy consistency but after a while it left my lips really dry as well as a bleeding effect.
Was this review helpful to you? Yes No
*TOP REVIEWER* taurusdragonfly on 12/25/2012 11:54:00 AM more reviews by taurusdragonfly
Age: 30-35 Skin: Sensitive, Dark, Warm Hair: Brown, Kinky, Fine Eyes: Brown
finally found my favorite red lip! Total sexy vamp style on my cocoa brown complexion. definitely bold but not too bright. red color is a little brick with a hint of blue tone. goes on creamy and opaque. lasts well with without bleeding - i even wore without a liner the first few times and it wasn't too messy. it has a mostly matte finish but doesn't look dry either. definitely transfers when eating, drinking or kissing, but oh well. the case top clicks on securely so i'm not scared of a red nightmare in my purse. Great price - so worth a try!
4 out of 4 people found this review helpful. Was this review helpful to you? Yes No
*TOP REVIEWER* judysmath on 10/9/2012 12:17:00 PM more reviews by judysmath
Age: 44-55 Skin: Combination, Fair-Medium Hair: Brunette Eyes: Brown
This is my first Kate lipstick. I have #11. On my lightly pigmented lips, it is a vivid deep red. It is creamy and long wearing and perks up my entire face (medium complexion, brown eyes). This is the only color in the line that appeals to me. The others seem kind of dull. When I saw this dark red, I had to try it. I'm glad I did.
1 out of 1 people found this review helpful. Was this review helpful to you? Yes No
Liajul on 9/23/2012 10:08:00 PM more reviews by Liajul
Age: 30-35 Skin: Combination, Olive, Neutral Hair: Brown, Wavy, Fine Eyes: Brown
This red, I thought would be more sheer, instead is super highly pigmented, which is not a bad thing either. Lasts a good while and is a gorgeous, classic red. Love it. Would love to find a secure lid for the lipstick. Not sure if it'll stay put over time.
1 out of 1 people found this review helpful. Was this review helpful to you? Yes No
Top Rated Lipstick
- 47 reviews
Revlon Super Lustrous-- Raspberry Bite42 reviews
MAC Pro Lipstick - Show Orchid88 reviews
MAC Up The Amp230 reviews


text:
San Antonio, TX, Travel Guide
Zak, Nick and Aaron head to San Antonio, TX, to investigate the 150-year-old Black Swan Inn, home to a mysterious, dark presence tormenting both the owner, Jo Ann Rivera, and her guests.Go to Episode
The Alamo
More than 2.5 million people a year visit the Alamo, the old mission where a small band of Texans held out for 13 days against the Centralist army. Explore the Alamo's 3 buildings and gardens, all for free.
300 Alamo Plaza
San Antonio, TX 78205
San Antonio River Walk
If you're in San Antonio, you can't miss the River Walk. This public park is actually a network of walkways, a story below downtown San Antonio, lined with shops and restaurants.
110 Broadway St #500
San Antonio, TX 78205
Victoria's Black Swan Inn
The site of the Ghost Adventures' lockdown due to the paranormal incidents reported by the owner's family, it's now a venue for special events, adding a spooky elegance to any occasion.
1006 Holbrook Rd
San Antonio, TX 78217
More San Antonio Travel Guides
Bert the Conqueror: Texas
Bert conquers 2 unique water roller coasters, competes in a muddy drag race and joins a blobbing contest in ...
Bizarre Foods: Texas
Andrew Zimmern samples some of the most outrageous food creations at the Texas State Fair, including ...
Other Ghost Adventures Travel Guides
Tor House
See where the guys and their crew visited ...
Savannah Travel Guide
Zak, Nick and Aaron travel to Savannah, GA, ...
The Ghost Adventures crew visits Cincinnati ...
Mexico City Travel Guide
Visit Mexico City for history, great food and ...
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GAC America's Amusement Parks
Buckle up and take a tour of the most thrilling amusement parks in America.
3-Ingredient Apps for Thanksgiving
Try Food.com's quick and easy apps for a stress free turkey day.
Food Network's Top Turkey Day Tips
Plan Your Menu with easy, how-to videos from Bobby, Sunny and more.


text:
A community of states, grounded in their shared STEM experience. A nationwide network, whose members understand that the whole is greater than the sum of its parts. Today, the idea is reality: the STEMx™ network.
The STEMx™ network is composed of STEM organizations representing each member state. Led by experts in STEM education, many of whom have been immersed in the field since before the term "STEM" was coined, STEMx™ members bring both a wealth of experience and a desire to innovate.
In the STEMx™ network, we focus on 'doing'. We are a grassroots, on-the-ground movement of STEM organizations that are based in real-world classroom instruction. Our STEM schools and programs provide limitless ideas and inspiration for students, educators, policymakers and business and community leaders.
Over the weekend, Margaret Ashida, Executive Director of STEMx, passed away. The education community has lost a leading advocate.
RT @edworkspartners: Coast to coast, #STEM jobs take more than twice as long to fill as other openings. @USATeducation http://t.co/uz0SSBst…
RT @flickrock: @STEMx Check out that Flickr gallery using Flickrock! http://t.co/UbFCkrcFdg
Cool! MT @projectres: @STEMx #STEM out of the classroom by @PhragAttack. World's first phragmite maze at @jcreservoir http://t.co/dxczqQWj7i


text:
Fordham's Tom Pecora does not do tumultuous. His teams are never racked by transfers, or continually beset by suspensions. Since arriving at Fordham in 2010, Pecora always seems to have a tightest of handles on his Rams, so this offseason was an unusual one.
The Key to Fordham's Resurgence? A Rebuilt Defense
7 Ways You Can Make Big Apple Buckets Even More Awesome
We're officially in the doldrums of summer and still more than 100 days away from the start of college basketball season. But the team at Big Apple Buckets is already thinking about how the 2014-15 season can be the site's best ever.
All-MET Award Winners Announced
The All-MET award winners have been announced and D'Angelo Harrison of St. John's is the recipient of this season's Haggerty Award. The award is given to the best Division I men's basketball player in the New York City area as voted upon by the media. Full award winners and my personal vote are below.
New York City Round Up: March 8
Almost every team in America was playing today thanks to either the wrapping up of conference season or tournaments. We've got tons of coverage from the MAAC tournament and the recap of Wagner's semifinal loss. Here's what else happened for New York City teams.
NYC Stat Nuggets From Hoop-Math
If you really want to dig into college basketball statistics a subscription to KenPom has become a must have. Another site is quickly becoming a go-to for me. Hoop-math.com is run by Jeff Haley and it has some really interesting information. You can subscribe for just $15. (I already have.)
Big Apple Buckets Weekly Awards – Dec. 30
Due to the holiday schedule this week we're going to change things up a bit and not name a Team of the Week. Most teams only played one game – if any – and the one team that played two – Fordham – managed a home split, which is exactly what we'd expect.
Big Apple Buckets Weekly Awards – Dec. 23
The end of finals seems to have unburdened many of the area's college basketball teams as Manhattan, Stony Brook, St. John's and others put together impressive performances this week in a number of venues.
Army and Lafayette Push Substitutions Limit
If you were just watching who comes in and out of an Army basketball game you might think that you accidentally went to the wrong arena. Complete line changes make it seems like a hockey game has broken out. The Black Knights' Zach Spiker has a 12-man rotation and it's not uncommon to see five […]
Big Apple Buckets Weekly Awards – Dec. 16
Finals week took a big bite of the action during the past seven days, so the pool for our weekly awards is a little thinner than normal. Still, there were some superb performances, including one that keeps the dream of a two-bid Ivy League alive.
KenPom Movement – The Big East Spreads Out
Well, basketball season heated up and the weekly KenPom movement rankings fell by the wayside, that changes today as we're back with a vengeance to update you on how teams have fared over the past month.
John's ThoughtsMy Tweets
Top Posts & Pages
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text:
grunge speak for "hanging out"
"u gna be swingin' on the flippety flop this weekend??"
by miyukikalma October 12, 2007
10 Words Trending Now
Alphabetical List
Type your email address below to get our free Urban Word of the Day every morning!
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text:
WASHINGTON (AP) -- Federal forecasters are slightly reducing their prediction for a busy Atlantic hurricane season.
The National Oceanic and Atmospheric Administration updated its hurricane season forecast Thursday, trimming back the number of hurricanes they expect this year to between six and nine.
The forecast calls for three to five of those hurricanes to be major, with winds greater than 110 mph.
Forecasters say there remains a 70 percent chance that the season will be busier than normal. A normal year has 12 named storms, six hurricanes and three major storms.
Hurricane season starts in June and runs until the end of November. So far, there have been four named storms. The updated forecast calls for 13 to 19 named storms this year.
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All comments must adhere to the WSAW.com discussion rules.


text:
Select () or exclude () categories to narrow your recipe search.
As you select categories, the number of matching recipes will update.
Find exactly what you're looking for with the web's most powerful recipe filtering tool.
Prep Time:
Cook Time:
20 mins
1 hr
I love apples, Gala and Granny Smith are my two favorite. You can't catch them on sale very often and that's the only time I buy them. So, this pie is pretty special. It's also pretty special because it's a diabetic pie. The Splenda is interchangeable with sugar if you are making it for a sugar-tolerant person. To kick it up a notch (even for diabetics) drizzle with caramel sauce or serve a la mode! (NOTE TO MY DIABETIC FRIENDS: I'm still working on a sugar-free caramel ice cream topping.)
Units: US | Metric
Serving Size: 1 (161 g)
Servings Per Recipe: 8
The following items or measurements are not included:
Splenda granular
Splenda granular
Make this season merry, bright and manageable with our easy ideas.


text:
cx - freshairhunter - basp -
leahplack : @kathleenhbryan!
leahplack - peterkoch - mikeandbikes - ornotbike -
Another perfect day of racing with @kathleenhbryan! I am so grateful for my @freshairhunter teammates Kathleen and Heather - they push me to ride my hardest whether we're racing or training together. I wish every weekend could be muddy like this...loved those slippery corners!
freshairhunter - basp -
carolinedezendorf : Yay girls!!
californiaweirdo : Hells yeah!
condorcazador : Big Time !
leahplack : @condorcazador Tom Simpson told me he was sad you missed it...
dybbsy : ❤
leahplack : #basp
paulcomponent : 🙌
cwhannon : Congratulations!
simworks - paulcomponent - k_junk - mikeandbikes -
peterkoch : Sick angle!
freudenfreud - colingroth - mikeandbikes - reverend_dick -
やばい、走らなきゃ! Aw. YABAI. No time to train this week Coach... So I will bike to work for 2 hours tomorrow. My 1st CX race is coming up next weekend!! gaaaah! 来週末、人生初のシクロクロスレースに出るのに、ぜんぜん走ってナイ!💦 明日は自走で!🚲☀ #nobeyamacx #huntersimworkscxteam #simworks #huntercycles #freshairbicycles #freshairhunter #circlesjapan @simworks
freshairhunter - nobeyamacx - simworks - freshairbicycles - huntercycles - circlesjapan - huntersimworkscxteam -
2komat - chiruchirubird - daisysgrocery - miyy0602 -
troublecoffeeco : Jealous
geoffreycolburn : Where's Kyle?
leahplack : @geoffreycolburn Kyle was sorely missed... @1love4jah
1love4jah : Miss you guys too!!!!! 💕
selaharvest : the best group of peeps! 🙌
freshairhunter - jbsycip - doongirl - 40sqft -
A quick power-up at the 🏰. New @wildernesstrailbikes Cross Boss tires are AWESOME!⭐⭐⭐⭐⭐#freshairhunter #simworks #huntercycles
ratballz : I wish I buried my rats there.
rashupee : Nice bike. Your rear cable routing is better than mine.
paperthinly - jptaillon - shosei_k - stevendavin -
Don't forget to follow @freshairhunter We LOVE this cross team!!!! #freshairhunter #simworks #unapizzanapolitana #huntercycles
sarah.nade - kurtz433 - anishinabe_dine_lakota - sameder -
paulcomponent : 💙 @condorcazador
paulcomponent : @robkristoff we did a small run of blue skewers for @freshairhunter . We're planning on doing more runs of colored skewers pretty soon. Any color requests?
petermtaylor : Whoa
dinoadventures : Damn fine
robkristoff : @paulcomponent GOLD
skyec123 : #campvibes
condorcazador : @skyec123 👏 I like it, someone had to..
waltness : @paulcomponent pink - to match the crazy mini motos and seatpost I got from y'all earlier in the year...
demnedelusive - cosmas_ng - mikeandbikes - ydj_2008 -
@kathleenhbryan first season back and already grabbing podiums in the A's! She stepped off the bike and had a calm conversation while breastfeeding her baby, as if she hadn't just STOMPED a cross race! 🔨#FreshAirHunter #unapizzanapolitana #huntercycles #surfcitycx #simworks
leahplack : 😍😍
carlgauger3 : Badass
kathleenhbryan : Thanks folks- Such a fun day out there w the team esp working w @leahplack !
paulcomponent : 👍👊👌
rashupee : Nails
paulcomponent - rashupee - thecaptainswhiskers - muzeli_shop -
Super fun day racing with friends. Couldn't catch the lead group, but had a blast. 📷: @condorcazador #freshairhunter #strawfoot
johnprolly : Dad strength!
strawfoot : @johnprolly God, I hope I get that soon...
geoffreycolburn : Eric @boxdogbikes said he was trying to reel you in
strawfoot : @geoffreycolburn he was, but ran out of time...I couldn't catch lee
geoffreycolburn : We have to got keep @slonie in sight. And that other guy needs to cat up
nnaammbbaa : Bummed I missed out boys @geoffreycolburn @strawfoot
geoffreycolburn : Don't worry I missed out too @nnaammbbaa
slonie : @geoffreycolburn @strawfoot Good racing with you guys!
dvnder - karl_tbag - bornthirsty - stiantveitofficial -
freshairhunter - georduhn - bnietmann - davescoc91 -
So fun to chase @kathleenhbryan around! Had a blast racing through the woods today. Good vibes and people, would expect nothing less from Surf City. #freshairhunter
raylasol : Nice, lady!
hppotatoes : Yes!
furlycurly : 👏
californiaweirdo : Both a youz!👏👏👏
bradhandel : Yeaaaa!!!!!
mostcoast : Congrats! 🌟
rashupee : Fresh ladies!
leahplack : #surfcitycx
carolinedezendorf - freshairhunter - ascrapes - peterlombardiphoto -
A's warmup in the labyrinth at #surfcitycx #Simworks #unapizzanapolitana #freshairhunter #huntercycles
monkeywrenchcycles_ne : Fast guy frame builders!
7speedhobo : Sweet
simworks - pebble6 - zhuk - bgalmar -
daryl_argh : Wish I was rippn with you guys today. Stick it to em.
7speedhobo : Burn baby burn
badvalues : Welcome back t-dawg
paperthinly : Back in the game.
jpyatt : Smokey's package though... #hunglikeabear
jeremiahkille : @condorcazador psyched on the new t-shirt, thanks!
dflbrad : That bear is stacked
condorcazador : @dflbrad fully bulged ...
hubbeller - vridesbikes - josecarlos.lima - ynunobiki -
passandstowracks : Super hot.
porcelainrocket : Haha!!
targetsalad : Never not on it.
1love4jah : Typical...Hamms and trailblazing 🚬🍁
strawfoot : @1love4jah🎄🚵🍕⚡
strawfoot : #huntercycles #freshairhunter
condorcazador : Cougar Country...
geoffreycolburn : Hell of blazed
freshairhunter - teamclifbar - cursivearmy - narrlee -
Rick tearing it up out there. Real proud to wear this guy's name on my jersey...#huntersaremyfavorite
coffeeandeggs : Rad pic Leah
hppotatoes : Papa Long Legs tearing it up out there tonight!
leahplack : #freshairhunter
ryantadjou - thenamesdolton - 40sqft - porcelainrocket -
freudenfreud : Dang. Wish I could have made it there!
kathleenhbryan : Nice one!
josephison : The line up!!
ornotbike : Fun night. Thx for the encouragement!
hppotatoes : @freudenfreud You missed a good one!
freudenfreud : Damn! You're supposed to say, "it wasn't all that great anyways. You didn't miss anything while your bike was broken." @hppotatoes
californiaweirdo - hawkscholz - go_katoh - fogindex -
Last year, @leahplack schemed, I took a hand-out 🍺 on a practice lap, and the night finished with a lot of laughs and smiles. I could not be more thankful for the @freshairhunter team for letting me constantly crash their race parties. ❤these guys and gals. #BASP #cyclocross #freshairhunter #tbt but it's Saturday!
cyclocross - freshairhunter - tbt - basp -
kathleenhbryan : Gonna be a good race for you- See you at the tent!
rashupee : Go Caroline! Go fast tonight!
shanyebreezy : stoked to cheer you on tonight bb 👏
kohilabs - marinbikes - balduccifrancesca - shannonmaryassad -
Fresh Air in the early morning Marin Headlands loop with Travis. #freshairhunter #freshairbicycles #unapizzanapoletana #marin #california
rashupee : T and Anthony in their natural habitat
pizzaandcocktails : CX!
machinecycles - pizzakel - yoni_fresca - rareartists -
hppotatoes : Always fun pushing the pedals with you. Thanks for the invite to the pain cave!
carolinedezendorf - carlgauger3 - msvallejoloverofnature - shosei_k -
nccx - freshairhunter -
unapizzanapoletana - seiichihayashi - ornotbike - mdtrux -
Kathleen takes second at #SRCupCX today. Photo stolen from the sharp shootn @smilesbryan #freshairhunter
freshairbicycles : Hell yeah @kathleenhbryan ! @carolinedezendorf too!!
nesbitts : Way to go ladies.
kyutai : GJ! @kathleenhbryan
bicigirl - donaldfergus - gyo33 - flow0711 -
Our guy Brad stayed consistent and earned 3rd place overall at @bikemonkey's SR Cup in the Elite Men. Good work dude!
sarah.nade : Dayyyyyummm! Good work Brad!!!
freshairhunter : #freshairhunter
freshairbicycles : Yeah!!!!
nesbitts : Getting paid!
badicalblake : holy shit @bradhandel! so stoked for you!
rashupee : RADRADRAD! Nicely done Fresh brother
dangerdrew : Way to be @bradhandel !
rashupee - hppotatoes - bergusbergus - 40sqft -
Repost from @hppotatoes --- I'm in love. The new steed is so smooth and alive and sound. I couldn't have imagined how wonderful this would be, but my god, it's fucking fantastic. Rick Hunter, I can't thank you enough for this gem. What everybody said about you and your work was spot on. I also owe big thanks to my guys over at Fresh Air Bikes for building it up like a dream. Can't wait to race this little ripper! #freshairhunter #freshairbicycles #huntercycles
s_yonezawa - monkey0807wrench - rrooster - guligula -
I'm in love. The new steed is so smooth and alive and sound. I couldn't have imagined how wonderful this would be, but my god, it's fucking fantastic. Rick Hunter, I can't thank you enough for this gem. What everybody said about you and your work was spot on. I also owe big thanks to my guys over at Fresh Air Bikes for building it up like a dream. Can't wait to race this little ripper! #freshairhunter #freshairbicycles #huntercycles
melissabernabei : What a beaut!
freshairhunter : @simworks !!
rashupee : Holy crap!
ornotbike : I bet it's not that clean anymore! Nice ride.
bradhandel : Oh so blue and oh so cool!
semitoughcycling : What's the wheel build? Those Pacenti rims are hot!
paulcomponent : 💙
condorcazador : Sweet.. Stoked you're stoked..
trailmandan - nirinjers - nurhadipanca - cinellist4836 -
iamxande : Sick! @paulcomponent can I switch my Hayes disc brakes for yours on my Nature Boy Disc? @allcitycycles
leahplack : 😍😍
ednedesigns : Details on components? And frame?
aldo_navarroo - wet__burrito - tongtanapath - kyutai -
Repost from @podiuminsight @daryl_argh you savage dog! 🐶 💦 #freshairhunter #simworks #huntercycles #bayareacyclocross #lazersport
leahplack : Oh my.
freshairbicycles : RACE FACE
reverend_dick : Gross. Winning looks gross.
dustinthewindsf : #GQ
bradhandel : Probably should unzip that zipper a little more
condorcazador : Rabid ...
7speedhobo : There's toothpaste on your lip @daryl_argh
leahplack : @hppotatoes profile pic fo sho
hppotatoes - smilesbryan - 7speedhobo - selaharvest -
My race was one to forget, but it was a brilliant day (and weekend) thanks to a team slumber party and all the lovely people I got to see today. Thanks for the shot @strawfoot!
condorcazador : The slumber party was off the hook..
kathleenhbryan : Nice one!
californiaweirdo : You ripped that dropin right there.
leahplack : #freshairhunter
kwolfgang - kathleenhbryan - joelmadrone - acaciakautz -
Repost from @strawfoot w SimWorks components yay! --- Great course yesterday in Aptos with fun technical sections and great friends. 📷: @condorcazador #freshairhunter #strawfoot #surfcitycx
freshairbicycles : Shredding!!!
kathleenhbryan - freshairbicycles - thenamesdolton - doooomen -
The proper way to negotiate a paved corner with semi-knobbies and not washing out like some other duders. #freshairhunter #cyclocross #cyclingphotography #Canon #canon7d #sigma35mm #sigma_art
sigma_art - freshairhunter - canon7d - sigma35mm - canon - cyclocross - cyclingphotography -
josephison : @rashupee right behind!
rashupee : Thanks @josephison for the linker. @bradhandel in front where he should be! @wildernesstrailbikes tires stuck to the ground. Rad picture @c3pcho thank you
bradhandel : This was right before @rashupee's attack, you were flying out there! Rad shot Eric!
bradhandel - dcflaten - rootjk - elise_bn -
Great course yesterday in Aptos with fun technical sections and great friends. 📷: @condorcazador #freshairhunter #strawfoot #surfcitycx
brokenandcoastal : I loved the off camber sections
johnprolly : Looked fun!
leesalu_ : Fun to watch & nice meeting you!
tongtanapath - donaldfergus - rolex84a - santa_catalina -
freshairhunter : #freshairhunter #surfcitycx
condorcazador : Mama Nails is mega stomping ..
bradhandel - tsizzle505 - c3automachine - tonimash -
kathleenhbryan : Always!
freshairhunter : #freshairhunter #surfcitycx
vivelatartecx : Pugh peew peew
nothingbutfixed - 95_0_0 - hbarisdemirkol33 - moccaluis -


text:
The 40 Year Old Virgin came out in summer 2005, but the film's IMDb discussion board remains active; understandably so, from a cinematic context. There's a lot to discuss, from the mainstream comedic breakthroughs for Elizabeth Banks and Jane Lynch to the big-screen directorial debut for TV auteur Judd Apatow. However, this board's regulars - a harrowing assortment of X-year Old Virgins (where X usually = >24) and other sex-starved sad sacks - stopped mentioning the movie long ago, if they ever did so. Instead, they ask "Would you pay to cuddle with a woman?" and "Have you ever 'Facebooked' a chick?" Warning: incel inside!
okay, sure, this sounds like a fun ice-breaking exercise.
Why don't you kids ever want to spend some time with your Cool Uncle MeatFlower?
Let's meet the rest of the IMDb :: Boards :: The 40 Year Old Virgin cast.
Also inspired by the TV show and comic "The Walking Dead":
See, if I didn't know this referred to board regular Fecal, the zombie-scenario "wild card," this post would seem really strange!
Hey, that story wasn't funny at all! Wait, now i get it hahaha
You Will Read This Headline. Then You'll Laugh. Then You'll Realize You Were Wrong All Along.
'We're going to be in trouble!' Little Sister wailed, clutching her favorite book to her chest and sobbing. 'This isn't fun like a story anymore!' But Big Sister was not listening, she was thinking. She grabbed Little Sister's book from her and ran into town, yelling 'Help! A book made me and my sister hurt someone!'
Val Kilmer lures 6 morons into the ultimate death schvitz to prove global warming is real.
The Goons have already started their preparations, because that pitch isn't going to carpet itself!
When it comes to gaming laptops, you can never have too many LEDs or too much bad taste.
There are hundreds of stories happening on the World Wide Web. Let me tell you, that's a very wide web. Our goal at Weekend Web is to bring you the latest headlines from around the Internet. We go into the very bowels of message boards everywhere and find out what millions of online citizens have to say.
Copyright ©2014 Rich "Lowtax" Kyanka & Something Awful LLC.


text:
Moose: Stupid News
Thursday, April 11, 201304/11/2013
STUPID NEWS: Car Crash Was Fault of Zombies
In Stupid News
Wednesday, April 10, 201304/10/2013
STUPID NEWS: Turds….In…SPAAAACE!!!
In Stupid News
Tuesday, April 9, 201304/09/2013
STUPID NEWS: Boobs are Good for Your Health
In Stupid News
Monday, April 8, 201304/08/2013
STUPID NEWS: DON'T Snatch Granny's PURSE!
In Stupid News
Friday, April 5, 201304/05/2013
STUPID NEWS: Damn hiccups
In Stupid News
Thursday, April 4, 201304/04/2013
STUPID NEWS: Florida heavy today!
In Stupid News
Wednesday, April 3, 201304/03/2013
STUPID NEWS – video fail purse thief
In Blog, Stupid News
Tuesday, April 2, 201304/02/2013
STUPID NEWS: One of the Worst April Fool's Jokes
In Stupid News
Friday, March 29, 201303/29/2013
STUPID NEWS: Break in Fail Caught On Tape
In Blog, Stupid News
Thursday, March 28, 201303/28/2013
In Stupid News


text:
Fugitive lip biter arrested in California
Nov 6, 2014
Jonathan E. Benedict
Oct 30, 2014
Darrell W. Cook
Oct 2, 2014
Michael Polchies
Sep 25, 2014
Home » News » Crime
Homeless man held on $500k cash after standoff in Middleton Thursday
Richard Penney, 35, who previously lived in Middleton, was charged with five felonies – including robbery, two counts of theft by unauthorized taking, kidnapping and criminal threatening with a deadly weapon - following the incident which occurred along Lakeshore Drive.
During a video arraignment Friday, Judge Daniel Cappiello entered no plea for the felony charges and agreed to set bail at $500,000 cash bail, based on the recommendations of Assistant County Attorney Matt Zahn.
"We all deserve to be safe in our homes," Zahn said.
After Penney left, his brother called police around 2:10 p.m. to report that Penney had allegedly taken the weapons and multiple loaded magazines.
Penney then walked to 82 Lakeshore Drive and allegedly forced his way inside the home by threatening a woman – Heather Ducharme – with the loaded AK-47. He then held Ducharme in her home while holding police at bay outside, according to court records.
Zahn said while Penney has no criminal record, his alleged actions were a threat to all, including himself.
- Judge OKs early release for former teacher convicted of possessing child porn - 0
- Nashua man indicted for allegedly shooting girlfriend - 0
- Manchester 7-Eleven robbed for fourth time - 0
- Manchester couple faces robbery, theft charges after Salem mall incident - 0
- Chainsaw-wielding man facing multiple charges over Sept. incident - 0
- Woman faces assault charge after Monopoly game gets out of hand - 15
- Plea deal gives shooter 15-30 years in 2012 death of Manchester man - 0
- Missouri governor urges calm ahead of grand jury decision on shooting; findings to be announced at 9 p.m. - 0
- Two Manchester brothers indicted in Nashua drive-by shooting - 0
Nashua police chief wants pair of pawn shops shut downREADER COMMENTS: 0
- Dave D'Onofrio's Patriots Notebook: It took a while, but now they're on Wright track - 0
- Newmarket blacksmith has forged a career shaping the elementsof steel - 0
- Kathy Sullivan: We need to rethink some of our county government positions - 0
- Pipes and plans: A chance to show up Mass. - 0
- H.S. Football Power Poll: No doubt - Astros finish on top - 0
- College Hockey: Wildcats home to RPI on Tuesday night - 0
- Manchester school board OK's contract for driver's ed program - 0
- Unrest erupts after grand jury decides against charges in Ferguson, Mo., shooting - 1
- Malkin, Crosby foil Bruins in overtime - 0
Monarchs Scouting Report: Nick ShoreREADER COMMENTS: 0
Clinton has 'historic' lead in poll
Sources say former White House Chief of Staff Andy Card to be tapped as Franklin Pierce president
Randy Johnson, Pedro, Smoltz lead HOF ballot
Pipes and plans: A chance to show up Mass.
- Whom do you think bears the brunt of the blame for the mayhem this weekend in Keene?
- KSC students
- 37%
- KSC administration
- 2%
- Police
- 6%
- Visitors from out of town
- 18%
- A combination of any/all of the above
- 37%
- Total Votes: 2483


text:
Family Dance Party
WilkGazette: Wayland defense hanging on at this point. Belchertown putting on all kinds of pressure. Timeout with 17:34 to go and no score
WilkGazette: Nick Drost hits the left post on a soft header in box. Second post Orioles have hit today. Under 20, 0-0
WilkGazette: Back James Carver takes away almost certain goal for Ryan Kearney, who receives great feed from Lussier and beats his man to the inside
GazetteUMass: Is today Rhode Island's coming out party? Could be
WilkGazette: Foul on Orioles just outside the 18, but defense blocks Alec Walker's direct kick from 20 yards
WilkGazette: Wayland's Jackson Fletcher heads a corner just over the top. 0-0, under 30
WilkGazette: Now Curtin races out to break up Ethan Stavisky's chance
WilkGazette: Connor Curtin out to take away Wayland corner. Warriors look better early in the second half but we're still scoreless. 32 minutes left
WilkGazette: After mild pressure by Wayland to start, Orioles back with a couple great chances. From left Ryan Stinson shoots to far side and hits post
WilkGazette: Second half underway. After getting a rest late in the first half, Chris Noga back on the field. Let's see if he gives O's a spark
MoomawDHG: RT @WilkGazette: Halftime, Belchertown and Wayland scoreless in state D3 boys championship
WilkGazette: Halftime, Belchertown and Wayland scoreless in state D3 boys championship
WilkGazette: Oliver Hopkins dances through defense and fires shot that keeper Max Marks makes a nice save on
WilkGazette: Lussier and Noga both playing very active games so far for Orioles. Final 10 of half, 0-0
WilkGazette: Free kick for Wayland along the right goal line goes through with a touch but no shot. We have our first timeout with 15:13 left, 0-0
WilkGazette: Reached midway point of first half, Belchertown and Wayland are scoreless. Orioles with more possession and attempted shots thus far
WilkGazette: Jonathan Ingram puts a beautiful corner in front and Noah Lussier heads it just over the bar. 25 left in first half, 0-0
WilkGazette: Noah Lussier gets a clean look but shoots just wide. BTown with a slight edge early
WilkGazette: Wayland called offsides before putting ball in. No goal. Scoreless, 8 minutes in
WilkGazette: Chris Noga fires a shot off the outside of the cage. Orioles get corner, but it goes through box and out of bounds
WilkGazette: Belchertown and Wayland underway in state D3 boys final
WilkGazette: Entire lineups being introduced. We're under 10 minutes from getting underway
MoomawDHG: RT @WilkGazette: I'm at WPI as Belchertown boys soccer takes on Wayland in state Division 3 championship. Orioles seeking 2nd straight statâ¦
WilkGazette: Later on at 5 p.m. Amherst boys will face Needham for the state D1 title. @MoomawDHG will have you covered on that one
WilkGazette: I'm at WPI as Belchertown boys soccer takes on Wayland in state Division 3 championship. Orioles seeking 2nd straight state crown
MoomawDHG: From earlier: Amherst's Taj-Amir Torres is set for Semper Fidelis All-American Bowl presented by the Marine Corps (link)
GazetteUMass: After another UMass own goal put BC up 4-2, the Minutemen cut their deficit to 4-3 on a laser-beamed shot by Marc Hetnik with 13:28 left


text: Naturist family gallery naturist gallery. naturist, Naturism or nudism is a cultural and political movement advocating and defending social nudity in private and in public. it may also refer to a lifestyle based on. All together in the alltogether. family nudism. | happy bare, Being naked together as a family is an important way to share core body image values with your children. from a very early age they will learn that their.


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I'd like to see this board feature the "real", everyday women who are both beautiful and older...not necessarily the Hollywood version.
- 38 Pins
grandmother and grandchild
Sweets, Tears Of Joy, Happy People Pictures, Children, Baby, Laughing People, Grandparents, Smile, Laughter
That's my plan :)
Best Friends, Old Lady, Ole Lady, Bestfriends, Funny, Friendship Quotes, Old Signs, True Stories, Friends Quotes
Carmen Dell'Orefice. The 80 year old supermodel has consistently worked for 67 years! Muse to Salvador Dali at age 13, cover of Vogue magazine at 15 in 1947, and more in-demand than ever today. Carmen stopped dyeing her hair in her mid-40s saying, "I'm not giving in to anyone else's idea of how I ought to feel and look." She embraced the natural stages of graying and now has her hair toned 4 times a year to lift the color to a pure white.
Gray Hair, Models, Ageless Beautiful, Carmen Delloref, Carmen Dell'Orefic, Style Icons, Carmen Them Orefice, Vintage Magazines, Magazines Covers
Kim Novak
Hitchcock Blondes, Stars, Beautiful, Style Icons, Hollywood, Alfred Hitchcock, People, Kim Novak, Vertigo
www.nndb.com/... 02/21/1927 - 04/22/1996
Favorite Columns, Interesting People, Inspiration Women, Funny Lady, Ermas Bombeck, Older Women, Favorite Authors Book, Inspiration People, Favorite People
Beautiful Women, Mature Women, Mature Young Women
White Hair, Gray Hair, Skin Care, Happy Face, Ageless Women, Real Women, Makeup Tips, Older Women, Age Grace
Maya Angelou::Multitalented barely seems to cover the depth and breadth of Maya Angelou's accomplishments. She is an author, actress, screenwriter, dancer and poet. One of her most famous works was the poem "On the Pulse of Morning," which she wrote especially for the inauguration of President Bill Clinton in January 1993. Angelou won a Grammy Award for the audio version of the poem.
Maya Angelou, Puree Inspiration, I Admire You, Mayaangelou, Celebrities Inspiration, Awesome People, Ripped Maya, Beautiful People, Favorite People
Annie Leibovitz Photographers, Annie Leibovitz Photos, Annie Leibowitz, Annie Liebovitz, Beautiful Women, Amazing People, Annie Leibovitzphotograph, Annie Leibovitz Photography 2, Annieleibovitz Photos
Beautiful Woman, Life, Growing Older, Beautiful Women, Hello Beautiful, Beautiful People
Grey Hair, Gray Hair, Ageless Beautiful, Advanced Style, Ageless Women, Beautiful Women, Silver Hair, Older Women, Age Grace
Gray Hair, Fit Women, Skin Care, Pixie Hairstyles, Makeup Tips, Beautiful, Grey Hair Style, Age Grace, Grayhair
Grey Hair, Ageless Beautiful, Beautiful Hairstyles, Annie Lennox, Mature Women, Hair Style, Dear Annie, Age Grace, Shorts Hairstyles
Take time to visit and be a blessing to others and don't forget those who have blessed and graced our lives through the years!!! It is through giving and honoring others that we become truly blessed ourselves! Ruby Ferge is one of them..Shes been a blessing to many of us..She will Always have a special place in my heart..
Beautiful contrast
Photos, One Day, Thoughts, Life, Things, Memories, Inspiration Quotes, People, The Roller Coasters
My Mom ~ June, 2011 [wish every day was as good as this one was].
Beautiful Women, Mature Women, Older Women, Mature Young Women
Edith aka Tiny
Glorious Gray, Edith Aka, Real Women, Growing Older, Beautiful Women, Mature Women, Aka Tiny, Mature Young Women
I'm going to be this old lady someday:)
Old Age, Old Style, Go Girls, Stay Young, Old Lady, Young At Heart, Fun, Age Grace, 30 Years
i often wonder what they see......