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Rowell Real Estate newsletter august, 2013 What are they saying on CNN Money? It should come as no surprise that in today’s economic situation most Americans would rather keep their savings in cash… But according to CNN Money this is a “big mistake.” The article entitled “Uh-oh: Americans favor cash over stocks for long-term investments,” says that “26% of Americans prefer cash” (in the bank) to investing in stocks for their nest egg money. According to the CNN Money article, people feel like with the state of the economy it is safer to keep their money “building” interest in the bank, which sounds reasonable actually. Yet, according to the article, because of the low interest rates, returns on your safely kept money will be minimal ten years down the line. Now risking your hard earned money on stocks that are always going up and down can seem a bit counterintuitive, but the risk can yield high rewards. The article focuses on the fact that investing in stocks with a probability of high yield will be a better way to prepare for retirement. The closer someone is to retirement the more someone should be investing in stocks (at least more than he or she had done before), this is so that even though he or she might not be working their money at least still is. To read more click on the link below: http://money.cnn.com/2013/07/29/investing/cash-investments/index.html It's Never Enough... Sales Tax? According to an article by Jonathan Horn of the Union Tribune, our amazing state of California is not generating enough funds from the state tax. Now that seems completely crazy considering that California has the highest sales tax rate in the US, but the state's Legislative Analyst's Office has said that Californian's are spening more on non taxable services and less on taxable goods. It seems that even though the cost of non taxable services has gone up in the last decade, what hasn't really gone up is the price on taxable goods (which means inflation has not caught up). This means that the state does not have enough funds to go around all the municipalities in the state. For more on this story click on the link below: http://www.utsandiego.com/news/2013/aug/07/california-sales-tax-services-consumer-economy/   In this issue something awesome a kind of cool thing an even more awesome thing the monthly joke Agent Info Jack Rowell 1010 University Ave #113 San Diego, CA 92103 619-507-7449 rowellrealestate@gmail.com Before you go here's a joke:   The homeowner got into his grubbiest clothes on Saturday morning and set about all the chores he'd been putting off for weeks. He'd cleaned the garage, pruned the hedge, and was halfway through mowing the lawn when a woman pulled up in the driveway and yelled out her window, "Say, what do you get for yard work?" The fellow thought for a minute, then answered, "The lady who lives here, lets me sleep with her." SHARE THIS EMAIL

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