ATTENTION: REHOBOTH BUSINESS OWNERS
Local business owners should be aware of a new police for filing a business certificate in Rehoboth. If you file a “Doing Business As” form, you must first go to the building inspector-zoning office before submitting your paperwork to the town clerk’s office. They need to determine if your business is properly zoned and if any other filings are necessary before your business certification is authorized at the Town Office. So, please go to the Building Inspector’s office at 320 Anawan Street first before seeing the town clerk. Business certification is valid for a period of four years and will cost you $50. If you have any questions, please contact Laura Schwall or Lynn Shaker at 508-252-6502, ext. 109.
STAY CALM ON THE INVESTMENT ROLLER COASTER RIDE
Unless you live near an amusement park that does a lot of advertising, you probably didn’t know that August 16 is National Roller Coaster Day. Actual roller coasters provide people with thrills. But as an investor, how can you stay calm on the “roller coaster” of the financial markets?
Know what’s in front of you. If you’ve ever ridden a roller coaster in the dark, you may find it scarier than if you boarded it in daylight – after all, it can be unsettling not to know where you’re going. The same can be said about investing: If you have no idea what’s in front of you, you might find the journey unnerving – and if that happens, you could make panicky decisions, which are usually bad ones. So prepare for the inevitable market volatility – it’s a normal part of the investment landscape.
Buckle up. When you’re on a roller coaster, you need to buckle your seat belt or use a restraint. You want to have the excitement of the ride, but you certainly don’t want to take unnecessary risks. And you can enjoy some of the excitement of investing without incurring more risk than you are comfortable with, too. One way to lower your risk level is to diversify across a range of investments – stocks, bonds, government securities, and so on. That way, if a market downturn primarily affects just one type of investment, you’ll have some protection. However, although diversification can reduce the impact of volatility on your portfolio, it can’t protect against all losses or guarantee a profit.
Choose a strategy for the journey. Different people have different ways of handling a roller coaster ride. Some like to throw their hands up, enjoying the feeling of abandon, while others hold on tightly to the bar in front of them. When you invest, you also need a strategy that works for you, and the best one may be the simplest: Buy quality investments and hold them for the long term. How long is “long term”? It could be 10, 20, 30 years or more. Famed investor Warren Buffet says his favorite holding period is “forever.” If you’ve chosen a mix of quality invest- ments appropriate for your risk tolerance, you may be able to hold them until either your goals change or the investments them-selves undergo some transformation.
Stay for the whole “ride.” When you hop on a roller coaster, you’ve got no choice – you’re staying until the ride is over. As an investor, though, you can exit the investment world whenever you like. But if you take a “time out” from investing every time the market drops, you risk still being out of the market when it rallies – and the early stages of a rally are often when the biggest gains occur. Furthermore, if you keep investing during a “down” market, you’ll be buying shares when their price has dropped, which means your dollars can go further – and you’ll be following one of the basic rules of investing: “Buy low.”
You can’t take out all the twists and turns of the investment road, but by following the above suggestions, you can help make the ride less stressful – and possibly more rewarding.
Linda M. Ferreira, AAMS
492 Winthrop Street, Unit 1
Rehoboth, MA 02769
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor.
MONDAY THRU FRIDAY
DONATION DROP OFF
8:30 AM to 5 PM
Unit 1, Mills Plaza II,
492 Winthrop St.
BCSB OFFERS LOANS TO
Bristol County Savings Bank is one of fifty-one Massachusetts banks participating in the Small Business Banking Partnership created by the Massachusetts State Treasury. This program is redistributing state tax funds to insured, responsible community banks that will extend new loans to small businesses.
Bristol County Savings Bank was originally approved for and received $5 million under the Small Business Banking Partnership in July 2011 and then received an additional $5 million in funds under the expanded program in March 2012. The bank is currently one of only twenty-nine Massachusetts banks to have received the additional funding, up to the maximum of $10 million.
Since July 13, 2011, Bristol County Savings Bank has originated 355 small business loans that meet the underwriting requirements outlined by the Small Business Banking Partnership, with committed original loan balances totaling $40,670,892.20, and with outstanding principal balances of $18,530,911 as of June 30, 2016.
This initiative is not costing Massachusetts taxpayers as it simply reallocates previously paid tax funds from the treasury to local banks. In this way, tax funds are being used to speed economic recovery through new loans to small businesses which, in turn, will lead to new jobs and more money available to engage in business activity.
The Rehoboth Business Association elected a new slate of officers for the upcoming fiscal year at their annual meeting held at Country Gardens Bed & Breakfast on June 13. Tim Johnson was elected president of the non-profit organization. John Jordan will serve as vice president, Rick Ploude as secretary, and Diana Rochefort as treasurer.
RBA AND PLANNING BOARD
WORK ON SIGN BYLAWS
The Rehoboth Business Association is working cooperatively with the Rehoboth Planning Board on a package of proposed sign bylaws to eventually be submitted for approval at town meeting by voters. After attempts to pass new sign bylaws were voted down at town meetings in 2016 and 2017, the planning board has formed a sign sub-committee including members of the RBA - President Tim Johnson, VP John Jordan and member George Cardono. Citizen input is welcomed on the issue of signage restrictions in Rehoboth. “This is a great example of how the RBA can impact the business atmosphere in town,” said Johnson.
ATTENTION LOCAL GOLFERS
(July 13, 2017) The Rehoboth Lions Club will host their 29th Annual Golf Tournament fundraiser for Lions Eye Research on Saturday, August 19 at Segregansett Country Club in Taunton off Route 44 at 85 Gulliver Street.
The annual tournament is held in honor of the late Raymond Dyer, an avid golfer and Lion Club member. All proceeds benefit the international organization’s mission to support eye and vision research and treatment. The Rehoboth Lions chapter has contributed over $75,000 to eye research from golf tournaments.
“Many citizens of Rehoboth have benefited from the research done at Mass Eye and Ear, as well as other eye research facilities around the country,” said tournament organizer Ray Medeiros.
Registration is now open for the “Bramble” format tournament that will begin with a shotgun start at 1 PM. Players then take the best drive and play their own ball the rest of the whole, and each team takes the best two scores. The tournament fee of $125 per person includes “golf, cart, a great dinner, and some fantastic prizes.” Cost for a foursome is $500 (or $400 if paid before July 22). Businesses and individuals are invited to support the cause by purchasing a tee sign for a donation of $75. For more information, please contact Bill Cute at 508-252-9435.