The Rocky Mountain Roastery makes the finest coffee in the world, To make the smoothest coffee requires time and patience which means expensive coffee, but it is worth it!
Posted By jonsyrose on January 9, 2011
Posted By jonsyrose on January 9, 2011
Posted By jonsyrose on January 9, 2011
Posted By jonsyrose on January 9, 2011
Posted By jonsyrose on January 9, 2011
The epitome of boutique hotel luxury The Rocky Mountain Chalet is not your quintessential over the top ski resort boutique hotel. With incredible attention to detail and an high standard of furnishing , high thread count Egyptian linens and the finest bamboo towels you could easily mistake the 6 suite Winter Park Chalet for a 5 star Beaver Creek or Aspen Hotel. However this niche boutique hotel is in Fraser, 10 minutes from the quiet and highly challenging Winter Park Ski resort. With Five star quality and a 3 star price, there are few better places to spend a ski vacation on a budget.
The Winter Park Chalet greets its guests by name at the door, provides them with slippers to keep the cold and chilly outdoors at bay and envelopes its guests in luxurious embroidered bathrobes. Join us for après ski hot chocolate, our own brand coffee and cookies in the downstairs lobby lounge, or take your drinks upstairs to our 1000 foot outdoor deck with amazing ski area and Byers Peak views. When you don’t feel inclined to visit one of the many restaurants take advantage of our fabulous gourmet kitchen and rustle up some delectable delights purchased from Safeway which is just over the road.
Posted By jonsyrose on June 24, 2009
Posted By jonsyrose on June 24, 2009
For retirees, financial ruin means that they outlive their assets. The largest risk of financial ruin for retirees lies in the stock market. If a retiree is forced to liquidate assets during a down stock market cycle, the results could be devastating.
Here is why. Many financial advisors will use an average annual 4% withdrawal rate for retirees from their pool of assets, which is a reasonable assumption. Now using this assumption, let’s look at the prior bear market cycle to the current one.
For 17 years, beginning in 1966, the stock market was flat and the economy experienced the highest inflation on record. There are few financial advisors who use this period for their glossy illustrations. Here is why they don’t.
According to William Bernstein’s 2002 book – “Four Pillars of Investing” – NO asset allocation model avoided bankruptcy when a 4% withdrawal rate is applied to a $1 million portfolio using stock market returns from that time period! Simply stated, if retirees were in the stock market at that time with a large portion of their assets, they were wiped out.
We may perhaps be facing a similar time period and most retirees were ill prepared for the current bear market. Data from the Employee Benefit Research Institute showed that more than 30% of rear-retirees or those in their early retirement years had more than 80% of their money invested in stocks at the beginning of the current crisis.
According to mutual fund firm T. Rowe Price, if a person gets negative returns in the first five years after retirement, the odds of outliving your money over the next 30 years more than double from 26% to 57%. Unfortunately, I’m sure there are many retirees who now fall into that category.
The problem is that both retirees and their financial advisors made a mistake which is very common in all human beings. Human beings have a tendency to extrapolate whatever the current trends are indefinitely into the future. Think California housing bubble.
People expected the good times to continue and for the bull market in stocks to go on and on. Obviously, it did not. Any person approaching their retirement years with a nest egg today should keep in mind the lesson from the last bear market – that any investor liquidating principal in a down market can’t rely on the “long-term” to bail them out.
Posted By jonsyrose on June 24, 2009
For retirees, financial ruin means that they outlive their assets. The largest risk of financial ruin for retirees lies in the stock market. If a retiree is forced to liquidate assets during a down stock market cycle, the results could be devastating.
Here is why. Many financial advisors will use an average annual 4% withdrawal rate for retirees from their pool of assets, which is a reasonable assumption. Now using this assumption, let’s look at the prior bear market cycle to the current one.
For 17 years, beginning in 1966, the stock market was flat and the economy experienced the highest inflation on record. There are few financial advisors who use this period for their glossy illustrations. Here is why they don’t.
According to William Bernstein’s 2002 book – “Four Pillars of Investing” – NO asset allocation model avoided bankruptcy when a 4% withdrawal rate is applied to a $1 million portfolio using stock market returns from that time period! Simply stated, if retirees were in the stock market at that time with a large portion of their assets, they were wiped out.
We may perhaps be facing a similar time period and most retirees were ill prepared for the current bear market. Data from the Employee Benefit Research Institute showed that more than 30% of rear-retirees or those in their early retirement years had more than 80% of their money invested in stocks at the beginning of the current crisis.
According to mutual fund firm T. Rowe Price, if a person gets negative returns in the first five years after retirement, the odds of outliving your money over the next 30 years more than double from 26% to 57%. Unfortunately, I’m sure there are many retirees who now fall into that category.
The problem is that both retirees and their financial advisors made a mistake which is very common in all human beings. Human beings have a tendency to extrapolate whatever the current trends are indefinitely into the future. Think California housing bubble.
People expected the good times to continue and for the bull market in stocks to go on and on. Obviously, it did not. Any person approaching their retirement years with a nest egg today should keep in mind the lesson from the last bear market – that any investor liquidating principal in a down market can’t rely on the “long-term” to bail them out.
Posted By jonsyrose on June 13, 2009
Could there be another way to solve the financial crisis which currently is wreaking havoc on the US and global economies. The current bailout includes the original $750Bn, plus an additional $800Bn, plus the stimulus package of approx $700Bn…. We also have the auto makers looking for around 15Bn and several other entities bringing the total package to about 3Bn for the USA alone.
Let me pose another viable alternative……
If the government was to give every US resident $1,000,000 that would cost approx $280Bn
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Posted By jonsyrose on June 12, 2009
Now is the time to exit the dollar and buy foreign currency investments, the Euro has issues but is considerably stronger than the dollar. The Yuan will decouple, India, Russia and Brazil all offer investment potential but I still think ultra secure solar power plants in Euro’s offer the safest investment outside of treasuries with the benefit of a huge foreign currency trade to the upside.
Posted By jonsyrose on June 12, 2009
Today the Obama administration revoked the salary cap on employees of bail out firms. It was done in a quiet hush hush manner of you don’t announce your insolvency and destroy my recovery plan and I will drive inflation through the roof and raise interest rates to destroy any chance of recovery. Thus enabling us to hit the true bottom of the market in October and break all previous lows including the Great Depression. Then you will have no choice but to admit insolvency and hide it under another government bailout of another 2-3 Trillion dollars. I will have done my work and leave the US economy in tatters, the US dollar worthless and no longer the reserve currency (note everyone is know after IMF paper not US treasuries – the only person who sees value in these is Bernanke) ready for a foreign takeover by nations with currencies of value.