Page 27 - June2024finaltc

NHTownCrier.com June 2024 27
Stock markets, especially foreign markets, are volatile.
Stocks may fluctuate in response to general economic to join, please email me at vjfariello@gmail.com. We
and market conditions, the prospects of individual would be happy to have you check us out!
companies, and industry sectors. Foreign investing has NH Historical Society Worthy
additional risks including those associated with currency Of Your Support!
fluctuation, political and economic instability, and
different accounting standards. These risks are heightened Supporting the NH Historical Society is important to
in emerging and frontier markets. preserving our local history. The cost of membership
Equity securities are subject to market risk, which means is $15 for an individual, $20 for a family and $5 for
their value may fluctuate in response to general economic students. Make your check payable to ‘NH Historical
and market conditions and the perception of individual Society’ and mail to PO Box 238, New Hartford, NY
issuers. Investments in equity securities are generally 13413. All donations are tax deductible. Why not do it
more volatile than other types of securities. today?
Investments in fixed-income securities are subject to
market, interest rate, credit and other risks. Bond prices Victor Fariello Jr. Victor J. Fariello Jr. is a lifelong resident of New
fluctuate inversely to changes in interest rates. Therefore, Get Your Entry In!-Reader Hartford and has been a collector and dealer of antiques
a general rise in interest rates can cause a bond’s price for many years. He is a past officer and member of the
to fall. Credit risk is the risk that an issuer will default Challenge New Hartford Historical Society and is the President
on payments of interest and/or principal. This risk is Why not consider an entry in our Reader Challenge. of the J. Schoolcraft Sherman Chapter #1519 of The
heightened in lower rated bonds. If sold prior to maturity, As we announced last month, we are challenging our Questers, an International organization for people who Pictured are Lions Club President Bob Porter, First Vice
fixed income securities are subject to market risk. All fixed love antiques and have a commitment to preservation. President Geraldine Schisler, and Treasurer Nick Montesano
income investments may be worth less than their original readers to help us find the “Best Find of the Season” Questions on anything related to antiques can be sent presenting our donation to Rich Synek. The New Hartford/NY
cost upon redemption or maturity. Tell us about an interesting, unique or special item that to him at PO Box 194, Washington Mills, NY 13479 or Mills/Whitestown Lions Club meets on the 2nd Tuesday of
Asset allocation and diversification are investment you find in your travels and yours just might be selected by email to vjfariello@gmail.com. each month at 5:30 at Sloppy Joe's Pizza in the New Hartford
methods used to help manage risk. They do not guarantee as a winner! Winning entries will be featured in the Any photos submitted will be returned upon request. Shopping Center. We always welcome visitors to our meetings.
investment returns or eliminate risk of loss including in a September 2024 installment of Antique Talk.
declining market. All investing involves risk including the Readers should submit a photo and brief description LIONS Club News
possible loss of principal. of the item. The item must be purchased between May The New Hartford/NY Mills/Whitestown Lions Club
There are special risks associated with an investment 1 and June 30, 2024. Entries must be received no later
in real estate, including the possible illiquidity of the than July 15, 2024. You can mail your entry to Antique recently welcomed Rich Synek, founder of Feed Our
underlying properties, credit risk, interest rate fluctuations, Talk, PO Box 194, Washington Mills, NY 13479 or Vets, to our monthly meeting. Rich made a return
and the impact of varied economic conditions. email it to vjfariello@gmail.com. Tell me why you think visit to our meeting to update us on the progress of the
Alternative investments, such as hedge funds, funds of your item is the “Best Find of the Season.” Feed Our Vets organization. He reported that they had
hedge funds, managed futures, private capital, real assets recently moved to their own building on Broad St. in
and real estate funds, are not appropriate for all investors. And there are prizes: FIRST PLACE: $50 Gift Card to Utica, greatly facilitating their service of providing food
They are speculative, highly illiquid, and are designed Olive Garden and a 1-year subscription to The Magazine for veterans and their families in need. Our Lions Club
for long-term investment, and not as trading vehicle. Antiques. SECOND PLACE: 1-Year Subscription offered a donation to help Rich in his valuable mission.
These funds carry specific investor qualifications which to Antique Trader Magazine. THIRD PLACE: 2024
can include high income and net-worth requirements as Kovel’s Price Guide
well as relatively high investment minimums. The high Let’s see what you can find!
expenses associated with alternative investments must be Happy Collecting!
offset by trading profits and other income which may not
be realized. Unlike mutual funds, alternative investments MADISON BOUCKVILLE
are not subject to some of the regulations designed to ANTIQUE WEEK
protect investors and are not required to provide the
same level of disclosure as would be received from a August 12-18, 2024 are the dates for the iconic
mutual fund. They trade in diverse complex strategies Madison-Bouckville Antique Week. Here more than
that are affected in different ways and at different times 2,000 dealers display antiques and collectibles of every
by changing market conditions. Strategies may, at times, size and description.
be out of market favor for considerable periods with The hours will be 8 a.m. to 5 p.m. for this show as
adverse consequences for the fund and the investor. An well. You will definitely want to plan more than one day
investment in these funds involve the risks inherent in an for this outstanding event. For more information visit
investment in securities and can include losses associated
with speculative investment practices, including hedging Madisonbouckville.com.
and leveraging through derivatives, such as futures, CONSIDER THE QUESTERS!
options, swaps, short selling, investments in non-U.S. The J. Schoolcraft Sherman Chapter #1519 Questers
securities, “junk” bonds and illiquid investments. The use is celebrating its 5th Anniversary in 2024 .We hold
of leverage in a portfolio varies by strategy. Leverage can monthly meetings on the first Monday of the month at
significantly increase return potential but create greater
risk of loss. At times, a fund may be unable to sell certain 4:30 p.m. at the NH Library except in July and August.
of its illiquid investments without a substantial drop in We are individuals interested in history, preservation,
price, if at all. Other risks can include those associated education and appreciation of antiques. You can check
with potential lack of diversification, restrictions on out the organization at questers1944.org. For more
transferring interests, no available secondary market, information on the New Hartford Questers and how
complex tax structures, delays in tax reporting, valuation
of securities and pricing. An investment in a fund of funds
carries additional risks including asset-based fees and
expenses at the fund level and indirect fees, expenses and
asset-based compensation of investment funds in which
these funds invest. An investor should review the private
placement memorandum, subscription agreement and
other related offering materials for complete information Retirement — irst get to it.
regarding terms, including all applicable fees, as well as
the specific risks associated with a fund before investing. Then get through it.
This article was written by/for Wells Fargo Advisors and Making it to retirement these days is no small feat. And
provided courtesy of Christopher J. Carbone, CFP , once you arrive, you’re not done. Contact me today so
®
AWMA , LUTCF First Vice President - Investment Officer we can help keep your income stream lowing through
®
®
- Financial Advisor in New Hartford, NY at (315) 723-7386 the next chapter.
Investment and Insurance Products are:
• Not Insured by the FDIC or Any Federal Government Christopher Carbone, CFP®, AWMA®, LUTCF®
First Vice President - Investment Oicer
Agency CERTIFIED FINANCIAL PLANNER™
• Not a Deposit or Other Obligation of, or Guaranteed by, 178 Woods Park Drive
the Bank or Any Bank Affiliate Clinton, NY 13323
Direct: (315) 801-2546
• Subject to Investment Risks, Including Possible Loss of christopher.carbone@wellsfargoadvisors.com
the Principal Amount Invested https://fa.wellsfargoadvisors.com/christopher-
carbone
Wells Fargo Advisors is a trade name used by Wells
Fargo Clearing Services, LLC, Member SIPC, a registered Investment and Insurance Products:
broker-dealer and non-bank affiliate of Wells Fargo & NOT FDIC Insured NO Bank Guarantee MAY Lose Value
Company.
©2023 Wells Fargo Clearing Services, LLC. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, Member
SIPC, a registered broker-dealer and non-bank ailiate of Wells Fargo & Company.
©2023 Wells Fargo Clearing Services, LLC. CAR-0323-04468