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  1. Eye On the Market with David O. England
    Performance Audit II

    Last week, I compared a portfolio of “blue-chip” stocks performance vs. the S&P 500.  We saw the majority underperformed the market.  Today, I compare a reader’s holdings performance vs. the S&P 500.   Remember, I do not give buy or sell recommendations or tell what to buy or sell.  I teach my proprietary trading systems and how to monitor your securities performance vs. investing in the market-something you will never see graphed in your monthly brokerage statement.

    Some of the most important data to evaluate our securities holdings are performance charts in one, five, ten and the most important timeframe-since they were purchased.  The reader is within 15 years from retirement and wanted to know the facts about his portfolio performance.  I suggested an account audit to see how much his mutual funds were outperforming the market.

    With today’s technology and the proper training, one can monitor their securities’ value.  My favorite is the performance tool at stockcharts.com.  I programmed the reader’s eight mutual fund holdings in a one-year chart.  You can see the results.
     
    The green-shaded area is the price performance of the S&P 500-17.27% in the past year.  During the same time period, out of the eight securities seven are underperforming the market.  I always evaluate the results in multiple timeframes to get a more accurate picture.  Since the market bottomed in March of 2009, seven out of his eight funds sill underperformed the market.  The reader pays one percent to have his account professionally managed.  He is extremely unhappy with the lack of results from his managed account, but is glad that he has time to make changes.  Many discover their holdings’ underperformance after they retire-not a good thing!

    What can we learn?  First, there is technology and training available to audit our holdings’ price performance. 2. Many times, what we own is not performing how we think it is. 3. Performance is not a profit or a loss reality until the transaction is closed. 4. Past performance does not dictate future returns. 5. Price performance is just one factor involved in our portfolio selection. 6.  Just because investors pay a management fee to Wall Street professionals, this does not guarantee the results will always be profitable. 7.  One should have an account performance audit at least once per year.
     
    How are your securities really performing vs. just investing in the S&P 500? If you are getting closer to retirement, is it really worth the gamble not to know the facts?  Do you know how to use these very useful audit/performance tools?  Next week, I am auditing another portfolio.  It will be interesting to see how many securities are out or underperforming the market.  If you have questions, email me at the address below.

    Plan your work, work your plan and learn to share your harvest!

    Source: davidoengland.com, stockcharts.com

    Full Disclosure-I do not own any securities listed in this column.

    DAVID O. ENGLAND is the founder of the Eye on the Market Radio Show and Training Academy and retired associate professor of finance at John A. Logan College. This column is presented for educational purposes only and is not intended as financial advice. For questions, contact England at thetraderseye@gmail.com.
  2. Obama Signs Bill to Train, Arm Syrian Rebels
    President Barack Obama has signed into law a bill authorizing the military to arm and train Syrian rebels fighting the Islamic State group.

    Obama signed the bill Friday in the Oval Office. The Senate gave its final approval Thursday, a day after the legislation drew strong bipartisan support in the House.

    The White House says U.S. troops will train Syrian rebels at camps in Saudi Arabia. Obama has authorized airstrikes against Islamic State fighters in Syria but is relying on rebel forces to fight the group on the ground.

    Obama said Thursday the legislation's quick passage shows that Americans are united in confronting the extremist threat.

    The legislation also funds the government after the end of the budget year on Sept. 30, eliminating any threat of a shutdown. 
  3. Patchy Dense Fog This Morning

    The National Weather Service office in Paducah has issued a statement that patchy dense fog is occurring this morning in southeast Missour, southern Illinois, and western Kentucky along the Ohio River. 

    Patchy dense fog has been reported with visibility of less than three quarters of a mile at Carbondale. The fog is expected to be more widespread in southeast Missouri, but can also occur along rivers and lakes, as well as the usual low-lying areas.

    The fog should burn off quickly after the sun rises.

  4. 25th Misaligned Minds Bike Tour Rolls Today

    Hundreds of bicycles will be streaming out of Paducah's Noble Park this morning for the 25th Annual Misaligned Minds 100 Mile bicycle tour. 

    The event starts at 8 am, and is sponsored by the Chain Reaction Cycling Club with the Paducah Symphony Orchestra.

    Named by Bicycling Magazine as one of the best one-day bicycle tours in the country, the Misaligned Minds features rides of 25, 40, 65 & 100 miles. Riders pedal through little-traveled western Kentucky farm roads, past fields being harvested, grazing livestock and green countryside.

    The grandaddy of western Kentucky bike rides, the Misaligned Minds has become the gold standard for hospitality. The routes are some of the most well marked you'll find and rest areas are plentiful and well stocked. In addition, there are multiple sag vehicles driven by helpful, conscientious support staff to aid riders in need of assistance.

    All cyclists are welcome. The first 200 riders to register will receive a souvenir performance tee shirt. An optional barback registration offers a discounted price without the shirt. Helmets are required. Routes will be staffed until 4 pm. Proceeds from the ride this year benefit the education programs and services of the Paducah Symphony Orchestra.

    For more information, contact Martha Emmons at Bike World  martha@bikeworldky.com  or 270-442-0751.    

  5. 'Pink Glove Dance' Voting Now thru Tuesday
    Baptist Health Paducah, currently in third place in the national Pink Glove Dance contest with more than 19,000 votes, asks for daily votes through Tuesday for breast cancer awareness. If it wins national prize money, it has designated the Kentucky Cancer Program’s Horses and Hope program as its beneficiary to help all Kentucky women.

    Supporters can vote once every day from each e-mail account at www.PinkGloveDance.com through midnight Tuesday, Sept. 23.

    “Each vote is important because it raises awareness for mammograms, which can save lives,” said William A. Brown, president, Baptist Health Paducah. “That’s the ultimate goal of this project, and it will just be a bonus if we get enough votes to bring prize money to Kentucky to improve education and screening services.”

    Jamie Smith, a cancer control specialist with the Kentucky Cancer Program, said any prize money from the contest will benefit Horses and Hope, a joint project with First Lady Jane Beshear to provide breast cancer education, awareness, screening and treatment referral for women across Kentucky.

    This year’s video features firefighters, EMS and police from 12 public safety agencies dancing alongside doctors, nurses and staff on the hospital campus, as well as at Paducah Police headquarters and a Paducah fire station.

    It stars 24 breast cancer survivors who dance to the American Authors’ hit song “Best Day of My Life.” To define the best day of their lives, many of the survivors wrote the dates they were considered cancer-free. Some of them wrote EVERY DAY, and others wrote TODAY to signify the joy in living each moment.

  6. Illinois Farm Accidents Up From Last Year
    Farming claimed the lives of 21 people in Illinois from July 2013 through June, nearly double the number of deaths during the same period a year earlier, according to Bloomington-based Country Financial.

    There were only 12 farming-related deaths from July 2012 through June 2013.

    The highest farm death toll in recent years was in 2000, when 39 people died, Country Financial spokesman Chris Stroisch said.

    More than 200 Illinois farmers are injured in accidents that result in physical disabilities each year. Nine of the state's 21 farm-related deaths over the past year were due to tractor accidents. Roadway collisions and grain bin accidents are also major causes of death.

    For the past decade, agriculture has been the deadliest industry in the country, according to the U.S. Bureau of Labor Statistics, beating out mining and construction in deaths per 100,000 workers. It's the same on a global scale, according to the International Labour Organization, with more than half of the 335,000 workplace fatalities worldwide occurring in agriculture.

    The Journal Star reports the statistics have some calling for more efforts to reduce the injury and fatality rates. "We need to continue to promote and evaluate effective means to reduce the injury rate,'' said Bob Aherin, professor and program leader at the University of Illinois.

    Aherin said older farmers should be encouraged to use tractors with rollover protection when working on areas with significant slopes. Fifty-seven percent of farm death victims in Illinois were 65 or older.

  7. Illinois Farm Accidents Up From Last Year
    Farming claimed the lives of 21 people in Illinois from July 2013 through June, nearly double the number of deaths during the same period a year earlier, according to Bloomington-based Country Financial.

    There were only 12 farming-related deaths from July 2012 through June 2013.

    The highest farm death toll in recent years was in 2000, when 39 people died, Country Financial spokesman Chris Stroisch said.

    More than 200 Illinois farmers are injured in accidents that result in physical disabilities each year. Nine of the state's 21 farm-related deaths over the past year were due to tractor accidents. Roadway collisions and grain bin accidents are also major causes of death.

    For the past decade, agriculture has been the deadliest industry in the country, according to the U.S. Bureau of Labor Statistics, beating out mining and construction in deaths per 100,000 workers. It's the same on a global scale, according to the International Labour Organization, with more than half of the 335,000 workplace fatalities worldwide occurring in agriculture.

    The Journal Star reports the statistics have some calling for more efforts to reduce the injury and fatality rates. "We need to continue to promote and evaluate effective means to reduce the injury rate,'' said Bob Aherin, professor and program leader at the University of Illinois.

    Aherin said older farmers should be encouraged to use tractors with rollover protection when working on areas with significant slopes. Fifty-seven percent of farm death victims in Illinois were 65 or older.

  8. 2015 Kentucky Legislative Calendar Set
    State lawmakers will return to Frankfort on Jan. 6 following the November elections for a legislative session that will last 30 legislative days.

    Lawmakers will elect leaders and organize committees until Jan. 9 before returning Feb. 3 to consider legislation. Republicans are expected to retain control of the state Senate. But Democrats hold a narrow majority in the House of Representatives, where Republicans hope to take control for the first time since 1920.

    State legislators are scheduled to adjourn for the year on March 24. Lawmakers will take a two-week break beginning March 10 while Gov. Steve Beshear considers possible vetoes. Lawmakers are scheduled to adjourn March 24.

    The legislature will meet for 30 legislative days instead of 60 days because they do not have to pass a budget.
  9. Quinn: No Pension 'Plan B' Before Court Ruling
    Amid signals that Illinois' pension overhaul could be found unconstitutional, Gov. Pat Quinn argued Friday that it makes no sense to develop a contingency plan.

    The Chicago Democrat, who ``fervently'' believes the plan is constitutional, said in an Associated Press interview that he'd like to get feedback from the courts before proceeding despite Illinois' urgent financial difficulties.

    "You don't exactly help your position before the court if you say, `Well I've got a plan b out here, maybe you could take that instead,' and it's not even passed by the Legislature,'' Quinn said. ``That's a very bad strategic position ...''

    Quinn's comments come as he faces a tough re-election challenge from Republican businessman Bruce Rauner (ROW-nur). He opposes the law Quinn signed in 2013.

    After years of debate, lawmakers approved a plan that cuts benefits for most employees and retirees aimed reducing the state's massive unfunded liability. Unions sued over the law, saying it violates the Illinois Constitution.

    But in a separate case on retiree health care, the Illinois Supreme Court in July ruled a law requiring retirees to pay more for health insurance was unconstitutional.  The decision centered on the constitution's strong protections for retirement benefits.

    Illinois' $100 billion shortfall in funding employee retirement benefits is considered the worst pension crisis nationwide. For years, Illinois lawmakers and governors skipped or shorted payments to their state's five pension systems.

    Rauner, of Winnetka, has proposed freezing the current pension accounts and moving employees to a 401(k)-style retirement system. 
  10. Quinn: No Pension 'Plan B' Before Court Ruling
    Amid signals that Illinois' pension overhaul could be found unconstitutional, Gov. Pat Quinn argued Friday that it makes no sense to develop a contingency plan.

    The Chicago Democrat, who ``fervently'' believes the plan is constitutional, said in an Associated Press interview that he'd like to get feedback from the courts before proceeding despite Illinois' urgent financial difficulties.

    "You don't exactly help your position before the court if you say, `Well I've got a plan b out here, maybe you could take that instead,' and it's not even passed by the Legislature,'' Quinn said. ``That's a very bad strategic position ...''

    Quinn's comments come as he faces a tough re-election challenge from Republican businessman Bruce Rauner (ROW-nur). He opposes the law Quinn signed in 2013.

    After years of debate, lawmakers approved a plan that cuts benefits for most employees and retirees aimed reducing the state's massive unfunded liability. Unions sued over the law, saying it violates the Illinois Constitution.

    But in a separate case on retiree health care, the Illinois Supreme Court in July ruled a law requiring retirees to pay more for health insurance was unconstitutional.  The decision centered on the constitution's strong protections for retirement benefits.

    Illinois' $100 billion shortfall in funding employee retirement benefits is considered the worst pension crisis nationwide. For years, Illinois lawmakers and governors skipped or shorted payments to their state's five pension systems.

    Rauner, of Winnetka, has proposed freezing the current pension accounts and moving employees to a 401(k)-style retirement system. 
  11. TN Man Hurt in Bardwell Semi Crash
    A Tennessee man was hurt Friday morning crash near Bardwell when the semi he was driving met another loaded semi.

    Kentucky State Police report that 66-year-old Thomas Seabaugh was traveling north on US 51 just south of Bardwell when he met a semi loaded with logs traveling the opposite direction that had crossed the center line. Police said Seabaugh veered off the shoulder of the roadway and lost control. The semi overturned off the east shoulder of the roadway.

    One lane of US 51 was shut down for about four hours while crews cleared the scene.

  12. TN Man Hurt in Bardwell Semi Crash
    A Tennessee man was hurt Friday morning crash near Bardwell when the semi he was driving met another loaded semi.

    Kentucky State Police report that 66-year-old Thomas Seabaugh was traveling north on US 51 just south of Bardwell when he met a semi loaded with logs traveling the opposite direction that had crossed the center line. Police said Seabaugh veered off the shoulder of the roadway and lost control. The semi overturned off the east shoulder of the roadway.

    One lane of US 51 was shut down for about four hours while crews cleared the scene.

  13. ‘More Than Charity’ Town Hall Meeting Sept. 24
    Kentucky Nonprofit Network (KNN) will host a town hall meeting at the Baptist Heart Center on Wednesday, Sept. 24, at 2:30 pm to discuss a regional analysis of KNN’s report,“More Than Charity: Selling the Importance of Your Nonprofit and Kentucky’s Nonprofit Sector to Community Leaders.”

    The report details the size, scope and impact of the nonprofit sector on Kentucky’s economy. Local nonprofit leaders will work with KNN to develop strategies to leverage its findings to build support and increase understanding of issues facing Kentucky’s nonprofits with community leaders and government officials.

    The meeting is designed to provide local nonprofit leaders the necessary tools to advance their organizations, as well as Kentucky’s larger nonprofit sector. Participation is free, but advance registration is required by September 22 at  https://kynonprofits.org/events for additional information.

    Kentucky Nonprofit Network Inc. is the state association of nonprofits and exists to serve, strengthen and advance the Commonwealth’s nonprofit organizations.

  14. Ducks Unlimited Hosts Waterfowl Hunters Party
    Ducks Unlimited is hosting a huge McCracken County Waterfowl Hunters Party on Saturday, Sept. 20th at Higdon Outdoors warehouse, 2800 Adams Street, across from Red's Donuts in Paducah.

    It all starts at 11 am. The party will feature over $15,000 in merchandise including decoys, guns, bags and more. There will be a tier raffle, the tower of decoys and winner takes all plus additional surprises. Ticket Prices: $35/person, $45/couple, $20/Greenwing and DU membership is included.

    "This is Kentucky's Biggest Waterfowl Hunters' Party, some of the most exciting news this season," says Ducks Unlimited Kentucky Regional Director Bob Bezkor. "This is one event hunters won't want to miss. Our good friends at Higdon Outdoors have opened the doors to their facility and rolled out the red carpet."  http://www.ducksunlimited.org/kentucky/events/36043/mccracken-waterfowl-hunters-party  

    For more information, contact one of these DU organizers: Danny Leidecker – 270-519-0354 – mccrackencountydu@yahoo.com Bob Bezkor – 270-307-1955 – bbezkor@ducks.org  

    This is a Ducks Unlimited event.  Please do not contact Higdon directly.

    FACEBOOK – “Like” them and follow the facebook pages below Higdon Outdoors – https://www.facebook.com/pages/Higdon-Decoys-Inc/273683259357278?ref=br_tf  Kentucky Ducks Unlimited – https://www.facebook.com/pages/Kentucky-Ducks-Unlimited/221089997942409?ref=hl   

    DU: Wetlands sufficient to fill the skies with waterfowl today, tomorrow and forever.  

  15. Search Warrant Leads to Drug Charges for Man
    A Ballard County man is facing drug charges after his home was searched.

    The Ballard County Sheriff's Department served a search warrant Thursday night at a home on County Farm Road just north of Wickliffe, and found 15-20 pounds of Marijuana, items used to package marijuana for sale, and four weapons, including an AR-15.

    Deputies arrested 48-year-old Joel Bickerstaff for trafficking more than 5 lbs of marijuana and for possession of drug paraphernalia. He was taken to the Ballard County Jail.

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