你也可以成为理财高手
Matt: This morning on today's Two Cents: Getting your finances in order. The annual ride of packing up the kids and sending them off to school can be the perfect time for mom and dad to do a little financial homework of their own. Jonathan Murray is a senior vice 1 president of Investments at Legg Mason in Baltimore, his brother David is vice president of Wealth Management at a private bank in Bloomfield, Michigan. Brothers Murray, good morning. (hey, Matt!) Nice to see you both. (Hi, Matt! Glad to be here!) David, let's start with you. Why now? Why is it such a good time?
David: Back to school is all about preparing for a new start, a new beginning. Our kids have new school books, new classrooms, new teachers. It's a great time to take a same approach to managing your money.
Matt: So get focused, it's a good time to get focused.(You've got a clean slate 2.) One of the things you guys talk about is this kind of massive paperwork (right)that everyone has lined around the house, bills, financial statements, (Yeah.) things like that. How do you know what to save, how do you know what to get rid of? You think it's important to weed it out.
Jonathan: It really is. And I'm guilty of that myself, Matt. I've got the old shoe box thing going, you know, with receipts, (Right!) and writes and drawers and everything. But it's so important, I think, to try to consolidate 3 that, so that you can get your arms around it because only then can you really be organized and structured with your finances.
Matt: So things like monthly banking 4 and investment statements, you keep those for how long?
Jonathan: Keep them for one year. Everything's electronic now; keep a file for investment statements, banking statements. But you really don't have to keep them beyond one year and your financial institution has all of that electronically.
Matt: Bills, tax returns, things like that.
Jonathan: The other rest that you gotta keep that for three years.
David: Now on the records, (Yeah!) On your tax records, keep them for three years. But on your returns, you wanna keep those forever.
Jonathan: I would. Yeah.
Matt: All right, you mentioned online, so many people, and so many institutions offer online access to our records now, so do you really need to keep the paperwork?
Jonathan: Well, I still wear it as a backup. (In)short length of time you hold on to those paper records, maybe only hold them for a year or so with the exception of your tax return, but I don't know about you, but I still like to have that paper. (Right!)
David: After the second(year) Jonathan's gonna go back to his closet and get rid of stuff, pretty 1973.
Matt: And by the way you get rid of it, shred 5 it, (absolutely) that's really important.
David: Absolutely. That's really important.
Jonathan: Absolutely. There are wackos out there to go through your trash.
Matt: Alright. It's also a good time to update your portfolio 6. (Sure is!) Where do you turn if you're not great at doing this yourself?
Jonathan: I think it's best, Matt, to talk to a live human being. You know, unfortunately, today, when you call your 401k administrator 7; you get for this, press 1, for that, press 2. If you can find a financial adviser 8 who will help you rebalance and upgrade your portfolio, specially 9 your 401k. I will do so.
David: Take your last month's statement and bring it to a trusted financial adviser, and he or she can help work it through.
Matt: And the rules to remember when you're updating or upgrading your portfolio, diversify 10, avoid the hot fund or yesterday's winner, because it's just that, it's yesterday's winner.
Jonathan: But that's hard to do, and so many people at cocktail 11 parties are bragging 12 about what they made last year and it's going to be tempting 13 for you to get in that fund now, only to see it fall down.
Matt: And when you see a stock starting to do badly, if your goals are long term, don't sell it in a panic.(No.)
Jonathan: Not necessarily.
David: No. It really is based on the underlying 14 fundamentals of the company, Matt. Sometimes when the stock goes down, it's a great time to add to it. Other times, it's time to sell.
Jonathan: Yeah. That's a tough one, that depends on your individual goals and your time horizon.
Matt: Good time of year also to pay down you debt, this is critically important. I think the average debt in this country per family's like $9000.
Jonathan: $9300 is the average credit card balance, can you believe that? I mean, that's just staggering.
Matt: So where do you start?
David: The people are overwhelmed with that. I think that the most important thing is for individuals to assess their expenses. To figure out what they are paying and how often. Start with the highest paying interests first, if you had a home equity 15 loan, and millions of Americans do. We've seen rates go from four and a half percent up to seven percent. That's gonna represent.
Matt: A big jump.
Jonathan: Yeah. Be careful with the home equity loan. Because it's variable rate. Right now the prime rate is up to six and half percent. (Right!) Folks might still be thinking that their home equity line is four percent, it's not. It's going up.
David: That's going up. As well as your payment.
Matt: Well, while we were doing all these other things, you say: Don't forget you must continue to save. What is the rule of summing turns of your yearly income? How much you should be putting aside.
Jonathan: Generally, we advise people to start with 10%, and we think the way to do it is to sock it away before anything else, there is an old adage 16. It says: pay yourself first. If you can automate 17 your savings 18, automate your 401 k contribution, so that at least 10% is going in to savings and investing. You're on a good start.
David: It's not too late either, Matt. For example, if you started out with $10000, if you're a baby boomer, and you're 50 years old, you're overwhelmed with credit card debt, and many are. And you think it's just too late, it's too late for me to save, it's not. 30 years ago, if you put $10000 as a starting savings account into the S&P 500, feed it with $200 a month, and many Americans can afford that, especially if they're baby boomers. Today, that account would be worth one point two million dollars. You'd be a millionaire. Just adding $200 a month.
Jonathan: It's not too late…
Matt: And just quickly, another thing to lump upon here, don't forget to save for your retirement 19 and you make a great point here. You can, if your, kids going off to college, you can borrow money to pay for their college, you can not borrow money to retire.
Jonathan: That's exactly right, Matt. A lot of people make a mistake of taking from their 401k or their retirement plan to pay for their kids' college. Don't do that, folks. There're some really low-interest loans to pay for college, there are 529 plans, Coverdell education accounts, Custodial 20 Accounts, so talk to you adviser about those.
Matt: Again the bottom line focus at this time of year, because otherwise it's gonna be a new year, (All the time.)because we'll be talking about this next year. David and Jonathan Murray, good to have you guys here.
Jonathan: Well, it's a pleasure. (Thanks)
Matt: My pleasure as well.
- He guarded himself against vice.他避免染上坏习惯。
- They are sunk in the depth of vice.他们堕入了罪恶的深渊。
- The nominating committee laid its slate before the board.提名委员会把候选人名单提交全体委员会讨论。
- What kind of job uses stained wood and slate? 什么工作会接触木头污浊和石板呢？
- The two banks will consolidate in July next year. 这两家银行明年7月将合并。
- The government hoped to consolidate ten states to form three new ones.政府希望把十个州合并成三个新的州。
- John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
- He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
- There is not a shred of truth in what he says.他说的全是骗人的鬼话。
- The food processor can shred all kinds of vegetables.这架食品加工机可将各种蔬菜切丝切条。
- He remembered her because she was carrying a large portfolio.他因为她带着一个大公文包而记住了她。
- He resigned his portfolio.他辞去了大臣职务。
- The role of administrator absorbed much of Ben's energy.行政职务耗掉本很多精力。
- He has proved himself capable as administrator.他表现出管理才能。
- They employed me as an adviser.他们聘请我当顾问。
- Our department has engaged a foreign teacher as phonetic adviser.我们系已经聘请了一位外籍老师作为语音顾问。
- They are specially packaged so that they stack easily.它们经过特别包装以便于堆放。
- The machine was designed specially for demolishing old buildings.这种机器是专为拆毁旧楼房而设计的。
- Our company is trying to diversify.我们公司正力图往多样化方面发展。
- Hills and woods diversify the landscape.山陵和树木点缀景色。
- We invited some foreign friends for a cocktail party.我们邀请了一些外国朋友参加鸡尾酒会。
- At a cocktail party in Hollywood,I was introduced to Charlie Chaplin.在好莱坞的一次鸡尾酒会上，人家把我介绍给查理·卓别林。
- He's always bragging about his prowess as a cricketer. 他总是吹嘘自己板球水平高超。 来自辞典例句
- Now you're bragging, darling. You know you don't need to brag. 这就是夸口，亲爱的。你明知道你不必吹。 来自辞典例句
- It is tempting to idealize the past. 人都爱把过去的日子说得那么美好。
- It was a tempting offer. 这是个诱人的提议。
- The underlying theme of the novel is very serious.小说隐含的主题是十分严肃的。
- This word has its underlying meaning.这个单词有它潜在的含义。
- They shared the work of the house with equity.他们公平地分担家务。
- To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。
- But the old adage that men grow into office has not proved true in my experience.但是，根据我的经验，人们所谓的工作岗位造就人材这句古话并不正确。
- Her experience lends credence to the adage " We live and learn!"她的经验印证了一句格言: 活到老，学到老！
- Many banks have begun to automate.许多银行已开始采用自动化技术。
- To automate the control process of the lathes has become very easy today.使机床的控制过程自动化现已变得很容易了。
- I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
- By this time he had used up all his savings.到这时，他的存款已全部用完。
- She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
- I have to put everything away for my retirement.我必须把一切都积蓄起来以便退休后用。