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A wealth management blog dedicated to creating a long lasting sustainable retirement.

Things You Should Never Buy at Aldi

Here is a nice article provided by Bob Niedt of Kiplinger:


Haven’t shopped at an Aldi supermarket yet? That could change soon. The German chain, famous for its no frills and low prices, is in the midst of a boom. After steadily expanding its footprint in the eastern part of the country over the past 40 years – the first U.S. store opened in Iowa in 1976 – Aldi is now adding locations in Southern California. By 2018, the company expects to have close to 2,000 stores nationwide, up from fewer than 1,600 today.

If you’re new to Aldi’s minimalist approach to grocery shopping, you’re in for a shocker. You pay a refundable quarter to rent a cart. You bag your own groceries. Oh, and you’ll even need to pay for those bags unless you bring your own. There are few shelves, few employees and none of the amenities you’ve come to expect from the likes of Wegmans or Whole Foods. Still, discount shoppers have proven willing to accept the trade-offs. We compared prices and reached out to shopping experts to identify some of the best things to buy at Aldi based on cost, quality or both. We also identified some of the worst things to buy. Have a look.

1.  Buy Kitchen Staples

Heading to the supermarket for some basics, say a gallon of milk, a dozen Grade A eggs, a loaf of white bread and a jar of peanut butter? Strictly judging by the bottom line, you may want to give Aldi a shot.

We priced out these four kitchen staples at an Aldi in Northern Virginia, and then compared the everyday, non-sale prices to similarly packaged store brands at three other nearby grocery retailers: Giant, Harris Teeter and Target. Here are the results (from cheapest to most expensive):

Eggs: Aldi, 39 cents; Harris Teeter, $1.39; Target, $1.49; Giant, $1.99
Bread: Aldi, 85 cents; Harris Teeter, 97 cents; Giant, 99 cents; Target, $1.64
Peanut butter: Aldi, $1.49; Target, $1.79; Giant, $2.19; Harris Teeter, $2.29
Milk: Aldi, $1.49; Target, $2.98; Giant, $3.49; Harris Teeter, $3.59

2.  Don’t Buy Fruits and Vegetables*

Like most of Aldi’s goods, fruits and vegetables are typically sold from the bulk boxes they were shipped in. No fancy, bountiful horn-of-plenty displays. And unlike major chains, the bulk of Aldi’s stores don’t refrigerate produce. While I’ve found Aldi’s fruits and vegetables generally top notch, others disagree.

“Produce [from Aldi] can spoil more quickly,” says Tracie Fobes, a money-saving expert at the website Pennypinchinmom.com, “so buy only what you can eat within a few days.”

Also, Aldi pre-packages many of its fruits and vegetables in bulk, so if you want, say, an apple you need to buy an entire bag. Most big supermarket chains sell similar produce loose. The latter approach allows shoppers to pick out the freshest individual items available.

* This advice applies to most of Aldi’s older existing stores. New (and newly renovated) stores are another story…

3.  But Do Buy Fruits and Vegetables at New Aldi Stores

Aldi is rolling out changes aimed at fending off competitors including Whole Foods’ offshoot discount chain, 365 by Whole Foods. On top of better lighting and wider aisles, Aldi’s new store format puts fresh produce center stage and includes refrigerated units for the likes of greens, perishable fruits and (shocker!) premade soups and dips. Bulk packaging still rules at new stores, but that’s a big reason why Aldi can keep produce prices so low.

If you’re produce shopping at an Aldi store that hasn’t adopted this new format – which means most of them – there are workarounds.

“Aldi’s fruit and vegetables are usually the lowest price compared to other grocers, and they rate as good quality, especially if you shop early mornings when stock is full to choose from,” says Brent Shelton of money-saving site FatWallet.com. “A good tip to improve shelf life is to make sure you wash any produce as soon as you get home.”

4.  Buy Aldi’s Name-Brand Knockoffs

You won’t find many name brands at Aldi. About 90% of the items it stocks are private-label products wedged into a mere 15,000 square feet of space (about one third the size of a standard supermarket).

Yet, as you walk Aldi’s aisles, a lot of the packaging will seem familiar even if the brands aren’t. That’s not by accident.

“A good majority of Aldi’s private-label products are actually name-brand products, just repackaged,” says FatWallet’s Shelton, “so quality is high, and price is usually lower than the brands available at regular grocers.”

Fobes of Pennypinchinmom.com says quality is especially high in Aldi’s canned goods, pasta, condiments and almond milk, which is “smooth and creamy, but more affordable.”

5.  Buy European Novelty Foods and Drinks

Aldi wears its German roots proudly. Look no further than the strudel in the freezer case for proof. You’ll find German and other European chocolates on store shelves, too. According to Fobes, specialty chocolates, in general, are among the best things to buy at Aldi because they are “smooth and creamy at a much lower cost than most other stores.”

Aldi loyalists also rave about the inexpensive, and interesting, selections of wines and beers, as well as the selections of Italian and French sodas and lemonades. Look for packaged gourmet cheese, too.

Prowl the aisles to find more European products that aren’t carried by other U.S. grocers. Keep checking back, since Aldi tends to rotate stock at a high rate. Many products are here today, gone tomorrow.

6.  Buy Organic and Gluten-Free Products

Aldi has been stepping up its game with organic and gluten-free products, especially as it escalates its war on Whole Foods with the redesigned stores.

“They have a huge variety [of organic and gluten-free products],” says Fobes, “which is much less expensive than the name brands.”

And if, from a health perspective, you’re concerned about the quality of Aldi’s private-label foods, there’s been a major change over the past year.

Aldi has removed from the majority of its private-label goods such healthy eating no-nos as partially hydrogenated oils and MSG, says Shelton. The company has also removed growth hormones from its dairy products and carries a line of packaged meats labeled “Never Any!” that is free of added antibiotics, hormones and animal by-products.

7.  Don’t Buy Anything You Can’t Eat or Drink

Savings experts say it’s best to steer clear of most toys, home goods, cleaning supplies and other non-food items at Aldi. But if you’re tempted – every so often, Aldi will score national-brand products and put what appears to be amazing prices on them – first pull out your smartphone and price-compare.

“Make sure you check the price on these as they tend to be higher prices on lower quality items at Aldi,” says Shelton. “Plus, you can often find coupons for these types of items at other stores, even grocers, which would make buying them elsewhere a smart thing to do.” Aldi doesn’t accept coupons.

When we compared prices on a roll of paper towels, for example, Aldi’s price of 99 cents was the same as the price at Giant and Target. However, coupons and loyalty discounts could’ve brought down the price more at the latter retailers. (Aldi doesn’t have a loyalty program, either.)

“Paper products are not always less expensive [at Aldi],” agrees Fobes. “You may find a better deal and quality at the big-box stores.”


Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. .

The views, opinion, information and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc.  The selection of any posts or articles should not be regarded as an explicit or implicit endorsement or recommendation of any such posts or articles, or services provided or referenced and statements made by the authors of such posts or articles.  Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting or tax advice.

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10 Reasons You Will Never Make $1 Million Dollars

Here is a nice article provided by Stacy Rapacon of Kiplinger:


Wealthy people usually aren't born that way. Most spend their lives amassing their fortunes by working hard, spending little, saving a lot and investing wisely. It may sound like a simple strategy, but the fact that the vast majority of Americans fall short of millionaire status proves that it's easier said than done.

Then again, 10.4 million households in the U.S. have $1 million or more in investable assets, according to market research and consulting firm Spectrem Group, and their ranks are growing. So it's not impossible.

Read on to learn what you might be doing to keep yourself out of the millionaire's club. More importantly, find out how you can change your ways and build your own seven-figure nest egg.

1.  You Picked the Wrong Profession

Accumulating wealth starts with your first paycheck, and some jobs can get you going faster than others. According to consulting firm Capgemini's World Wealth Report, many wealthy people today work in technology, finance and medicine—fields that are well represented in our list of the best jobs for the future. Positions in these areas have generous salaries and are in high demand. For example, among our top jobs is nurse practitioner, which has a median salary of more than $97,000 a year. In contrast, a door-to-door sales worker, among our worst jobs for the future, can expect to make about $20,700 a year. Of course, given enough time and the right saving and spending habits, you can build a fortune even with a small salary. But a higher income can certainly make it easier to save more, faster.

What you can do about it

If you're still in school, majoring in a promising field can put you on the path to a lucrative career and help make you a millionaire. But remember: You'll have an easier time working hard for the rest of your life if you have a legitimate interest in your chosen profession.

If you're past your college days, you can still learn some skills to advance your career and increase your earning potential with free online courses.

2.  You Fear the Stock Market

Cash stuffed under your mattress or even deposited in a savings account won't keep up with inflation, much less grow into $1 million. In order to maximize your gains, you need to invest your money wisely. In many cases, that means putting your money mostly in stocks.

Consider the math: According to Bankrate.com, the highest yield you can expect from a money market account right now is 1.26%. If you put away $10,000 in one and added nothing else, in 10 years, with monthly compounding, you'd have about $11,340 total. But if you invested that $10,000 and earned a 6% return, you'd have almost $18,200, or $6,860 more.

What you can do about it

There's no denying that the stock market can take you on a bumpy ride, so your fears are understandable. But steeling yourself and diving in is well worth it. Over the long term, stocks have marched upward and proved to be the investment of choice for expanding wealth.

Savings earmarked for retirement are particularly well suited for the stock market. With a long time horizon, you have time to recover from market dips.

3.  You Don’t Save Enough

If you don't save money, you're never going to be rich. It's hard to get around that obvious (but often ignored) principle. Even if you earn seven figures, if you spend it all, you still net zero.

What you can do about it

Begin saving as soon as possible. The sooner you start putting your money to work, the less you actually have to save. If you start saving at age 35, you'll need to put away $671 each month in order to reach $1 million by the time you turn 65, assuming you earn an 8% annual return. If you wait until you're 45 years old to start saving, you'll have to save $1,698 a month to hit $1 million in 20 years.

How can you start saving? First, you need a budget (more on budgeting later). Lay out all of your expenses to see where your money is going. Then, you can figure out where you can trim costs and save. Any little bit you can muster is a good start. And whenever you get a bonus or some extra cash—for example, after selling some belongings or getting a generous birthday gift—add it to your savings before you have time to think of ways you can spend it.

4.  You Live Beyond Your Means

Spending more than you earn can put you in a dangerous hole of debt. On the bright side, you won't be in there alone: According to the National Foundation for Credit Counseling, one in three American households carries credit card debt from month to month. And among those balance-carrying households, the average credit-card debt is $16,048, according to financial research firm ValuePenguin.

What you can do about it

Again, you need to have a budget to make sure you have more money coming in than going out. With the availability of credit, it's easy to fall into thinking you can afford more than you actually can. But, as Knight Kiplinger has pointed out, "the biggest barrier to becoming rich is living like you're rich before you are."

Even once you are rich, you may still want to live like you're not. According to U.S. Trust's Insights on Wealth and Worth survey, the majority of millionaires don't actually consider themselves "wealthy." If you don't think of yourself as well off, and you maintain the same lifestyle after your income and savings increase, you can put away even more for your short- and long-term goals without losing an ounce of comfort.

5.  You overlook the value of nickels and dimes

No, we're not suggesting that you search for loose change under your sofa cushions. Rather, cutting seemingly insignificant expenses—such as baggage charges on your flights, late-payment penalties on your bills and out-of-network ATM fees on your cash withdrawals—can add up to substantial savings.

Investing fees attached to mutual funds and 401(k) plans can be especially detrimental. For example, let's assume you currently have $25,000 saved in your 401(k) and earn 7% a year, on average. If you pay fees and expenses of 0.5% a year, your account would grow to $227,000 after 35 years. But increasing the extra charges to 1.5% annually would mean your account would grow to just $163,000 over that time.

What you can do about it

More than you realize. Pay attention to the fine print, and avoid those sneaky extra charges. You can skip airline baggage fees by packing lightly and bringing only a carry-on or by flying Southwest Airlines, which allows you to check two bags free. If you make a late payment on a credit card, ask the issuer to waive the fee. Long-time customers who usually pay on time are often given a pass. For more, see How to Avoid Paying 21 Annoying Fees.

For your 401(k), you can see how it rates with other plans at www.brightscope.com. You can select low-cost mutual funds to lower your investing costs. (Check out the Kiplinger 25, a list of our favorite no-load funds.) Also consider talking to your employer about the possibility of lowering the plan's fees.

6.  You are drowning in debt

Again, debt can be a danger to your financial well-being. If you're constantly paying credit card bills and racking up interest, you won't have a chance to save any money.

But not all debt is bad. Borrowing to go to school, to get professional training or to start your own business can help boost your career and income potential. Especially in a low-interest-rate environment, the investment can be well worth it. In fact, borrowing funds is one of the most preferred funding strategies used by high-net-worth individuals with 60% opting to use bank credit before tapping their own holdings for quick cash, according to U.S. Trust.

What you can do about it

If you already have some debt troubles, be sure to devise a repayment plan. One strategy is to pay off the debt with the highest interest rate first. The sooner you clear that away, the more you save on interest. Another strategy is to pay off the smallest debt first to give yourself a psychological boost and encourage you to keep chipping away.

If you're considering taking out new loans—to go back to school or seed your business, for example—make sure you understand all the terms, including your interest rate and repayment details, so you can decide whether it's truly worth it.

7.  You neglect your health

You need to work to make money, and you need to be healthy in order to work. The rich understand that, and 98% of millionaires consider good health to be their most important personal asset, according to U.S. Trust.

What you can do about it

Take care of yourself—and do it on the cheap. You can take advantage of free wellness programs offered by your employer, as well as free preventive-care services guaranteed by federal law, such as blood pressure screenings, mammograms for women older than 40 and routine vaccinations for children. Also try to quit any bad health habits, such as smoking or excessive drinking, that can cost you dearly.

8.  You don't have a budget

Without a budget, it's easy to lose track of how much you're spending and live beyond your means. Working toward financial goals, such as saving for a vacation, buying a house or funding your retirement, can also prove difficult if you don't have a well-thought-out plan.

What you can do about it

Do what the majority of millionaires do: Establish a budget. Knowing where your money is going helps you identify ways to keep more in your pocket. Break out the pencil, paper and calculator to lay out your income and expenses.

Or go digital with your finances by using a budgeting Web site such as Mint or BudgetPulse to help you track your spending. With Mint, you provide your usernames and passwords for bank accounts, credit cards and other financial accounts, and the site organizes your money movement for you. Your bank or credit card issuer might offer similar tools to help you analyze your spending habits.

9.  You pay too much in taxes

Did you get a tax refund this year? Receiving that lump-sum payment from Uncle Sam may seem like a good thing. But it actually means that you've loaned the government money without earning any interest.

What you can do about it

Adjust your tax withholding. You can use our tax-withholding calculator to see how much you can fatten your paycheck by doing so. If you got a $3,000 refund (about average for 2015), claiming an additional three allowances on your Form W-4 can boost your monthly take-home pay by $250. The extra money, which can be invested in stocks or deposited in an interest-bearing account, should start showing up in your next paycheck.

Such a sum may not lend itself to millionaire status on its own, but being mindful of taxes is important to increasing—and keeping—your wealth. Indeed, 55% of high-net-worth investors prioritize minimizing taxes when it comes to investment decisions. A couple of smart tax-planning strategies you should consider: picking the right tax-deferred retirement savings accounts and holding investments long enough to qualify for the lower, long-term capital gains tax. Even choosing the right state to live in can have a big impact on your finances when it comes to taxes.

10.  You lack purpose in your life

There's more to life than money, and wealthy people know it. According to U.S. Trust, 94% of millionaires say they have a clear sense of purpose in their lives. "Whatever that purpose or direction happens to be—whether it's their family, their family legacy, philanthropy or stewardship of a business—[knowing their purpose means] they have the emotional maturity to focus on it and make decisions in the context of what's most important to them," says Paul Stavig, managing director and wealth strategist of U.S. Trust.

What you can do about it

Entire religions and philosophies are dedicated to helping people figure out what they're meant to do in this life. We won't try to compete. But we will note that a clear purpose can help motivate you to make and save more. Indeed, 76% of millionaires recognize that money can give you the opportunity to create change and fulfill your life's purpose.


Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. .

The views, opinion, information and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc.  The selection of any posts or articles should not be regarded as an explicit or implicit endorsement or recommendation of any such posts or articles, or services provided or referenced and statements made by the authors of such posts or articles.  Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting or tax advice.

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Saving for a Sunny Day

Most of us know we need to save for our future goals. Buying a home, providing an education for our children, investing for a secure retirement, or just "saving for a rainy day" are the most common savings goals. But what about next year's vacation, remodeling or refurbishing the house, or buying a second car? You can always just say "charge it." That's how Americans have amassed billions of dollars in credit card debt. Or, you could begin saving for these short-term needs today.

Getting Started ...

The first step in any investment strategy is to develop goals. First, check to see if you have enough reserve funds to cover emergencies or even temporary unemployment. Many financial planners suggest that you have three months' salary available in savings for the unexpected. Then, take a look at your spending needs over the next 12 to 24 months. How much did you spend on your last vacation? How's the car running? By planning ahead for large expenditures, you can prevent anxiety and save on finance charges. Once you've determined how much you need and when you'll need it, you're ready to begin matching your investment objectives to the investment options available to you.

It sounds easy, but if you're like most people, you may lack the discipline to save. Banks offer a variety of special-purpose savings plans designed to help. Vacation and Christmas Clubs use coupon books that provide a schedule for reluctant savers. The idea is to make savings a habit. Whether or not you use coupons or clubs, you can treat your savings deposits like your rent or mortgage payment, and write a check each month (or even each week) for deposit into savings.

Many companies offer automatic payroll deductions for savers. Money that you don't see might not be missed, and it can add up quickly. If your company doesn't offer payroll deductions, you can set up your own automatic transfers from your checking account to your savings account. Money market mutual funds also offer automatic investment plans.

Selecting an Investment Vehicle

Whether your goals are long term or short term, you should look at three investment factors before choosing a savings or investment vehicle: liquidity, safety, and return.

Liquidity -- When can you get your money? If you're saving for next year's vacation, real estate is probably not a good investment. But even certificates of deposit (CDs) may be too restrictive. Be sure you understand what it might cost to turn your investment into cash. Are there penalties for early withdrawal? When you are using a time deposit, make sure your investment's maturity matches your needs.

Safety -- As a general rule, return is proportional to risk. (That's why the old horse with weak legs pays 40 to 1.) Just as liquidity concerns would rule out short-term investments in real estate, safety factors would rule out short-term investments in stocks or bonds. It's not that these investments are inherently unsafe, but that the volatility (or fluctuation in the value) of these investments often makes them unsuitable for short-term investing.

Another concern is credit quality. FDIC-insured products often offer lower returns than mutual funds. The U.S. Treasury is a better credit risk than a corporation. You need to determine what level of safety you are comfortable with, realizing that increased safety usually means lower returns.

Return -- Short-term investors are restricted by safety and liquidity. You should, therefore, be realistic about how much you can expect to earn. Still, there are many investment choices available. Keep in mind that your final return will be reduced by any fees or taxes you incur.

While some investments require a minimum amount, others do not. Generally speaking, the more you have, the more you can earn. Even if you don't have the $500 for a CD, you can still save $50 a week until you do.

Savings Vehicles

Savings Accounts -- Given their convenience, availability, and relative safety, banks are often the first choice for savings. Accounts at FDIC-insured banks are protected up to $250,000 per depositor. Shop around for rates and fees, keeping in mind that banks will usually waive monthly fees if you maintain a minimum balance. Most banks will link your savings and checking accounts. Try keeping most of your money earning interest by writing checks once a week and transferring the money from your savings account as needed.

Money Market Accounts -- These accounts generally pay a higher rate than passbook savings accounts, with a rate that fluctuates with market conditions. You may also get the advantage of limited check writing.

Time Deposits -- CDs are available with terms ranging from 7 days to 30 years. CDs are FDIC insured and offer a fixed rate or return if held to maturity. A fixed rate CD may or may not be an advantage. The time to lock-in is when rates are at their peak. Since it is difficult to know when rates have peaked, you can stagger maturities to limit your interest rate risk (the likelihood that rates will rise or fall). By purchasing CDs with a variety of maturities, you can reinvest principal from maturing CDs if rates go up, while longer-term CDs will continue earning higher returns should rates fall.

Banks may also offer CD products with variable or adjustable rates. Others may be tied to stock indexes or the price of gold. You need to assess the risk, liquidity, and cost of these options to find a product that you understand and are comfortable with.

Relationship Accounts -- Many banks reward their best customers with relationship accounts. By consolidating your deposits and loans with one bank, you can often minimize fees, earn higher rates, or get free services. Check with your bank to see if this option would benefit you.



Money Market Mutual Funds1

Money market mutual funds pool investors' dollars to buy short-term securities such as commercial paper and Treasury securities. Interest paid on these investments is passed on to shareholders in the form of dividends. Dividends as a percentage of the price of the fund are referred to as the fund's yield, which is usually expressed in annual terms. While these funds strive to maintain a fixed price (net asset value or NAV) of $1, the yield fluctuates daily. Typically, money market funds lag behind the market such that yields increase and decrease more slowly than market rates in general.

Money market funds offer many conveniences, including check writing. Although they are considered safe, they are not covered by FDIC insurance. If safety is a concern, funds are available that invest only in U.S. Treasury obligations. However, while Treasury securities are guaranteed by the government, the funds that invest in them are not. If you are in a high tax bracket, a tax-exempt money market fund might be a good idea. Check to determine if the fund is tax free for federal, state, and/or local taxes. Then calculate the taxable-equivalent yield.

U.S. Treasury and Other Money Market Securities

You can buy the same securities as the money market mutual funds. U.S. Treasury bills (T-bills) are generally issued in 13- and 26-week maturities with a $1,000 minimum investment. You can also purchase T-bills with shorter maturity rates directly through banks and brokers. T-bills are sold at a discount, which means that the interest is paid to you when the bill matures. A 26-week $10,000 T-bill yielding 5% will be discounted by $252.80: You'll pay $9,747.20 ($10,000-252.80) to buy the bill and receive $10,000 at maturity. An added bonus is that interest earnings on T-bills are exempt from most state and local taxes. However, earnings may be subject to the alternative minimum tax (AMT).

In addition to Treasury securities, a wide variety of short-term commercial securities are available. The yields will be higher than T-bills due to the increased risk. Unlike mutual funds or bank money market accounts, these investments pay a fixed rate of return.


Source:

1.  An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.


Required Attribution


Because of the possibility of human or mechanical error by Wealth Management Systems Inc. or its sources, neither Wealth Management Systems Inc. nor its sources guarantees the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall Wealth Management Systems Inc. be liable for any indirect, special or consequential damages in connection with subscriber's or others' use of the content.

© 2016 DST Systems, Inc. Reproduction in whole or in part prohibited, except by permission. All rights reserved. Not responsible for any errors or omissions.


Robert J. Pyle, CFP®, CFA is president of Diversified Asset Management, Inc. (DAMI). DAMI is licensed as an investment adviser with the State of Colorado Division of Securities, and its investment advisory representatives are licensed by the State of Colorado. DAMI will only transact business in other states to the extent DAMI has made the requisite notice filings or obtained the necessary licensing in such state. No follow up or individualized responses to persons in other jurisdictions that involve either rendering or attempting to render personalized investment advice for compensation will be made absent compliance with applicable legal requirements, or an applicable exemption or exclusion. It does not constitute investment or tax advice. To contact Robert, call 303-440-2906 or e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. .

The views, opinion, information and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc.  The selection of any posts or articles should not be regarded as an explicit or implicit endorsement or recommendation of any such posts or articles, or services provided or referenced and statements made by the authors of such posts or articles.  Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting or tax advice.

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