Garry F. Liday Corp - April 2021

Garry F. Liday Corp - April 2021

Call Us: (503) 620-3531 www.garryliday.com

APRIL 2021

Garry F. Liday Corporat ion FINANCIAL COACH

RETIREMENT ASSET MANAGERS, INC. A Registered Investment Advisory Firm (RIA)

Life Can Be Scary

Things You Should Know, But Don’t WHY FINANCIAL LITERACY IS SO IMPORTANT

I have always strongly believed that teaching people about my industry is important. There are several reasons for that, the most basic being that a little knowledge in this business goes a long, long way. My field can have an impact on almost anybody — and incidentally, I take clients of all sizes, as long as they want to work with me. But more than that, if the average person takes that little bit of knowledge and applies it to their own situation, they could potentially gain an advantage that rewrites their finances completely. For example, people are often told to buy low and sell high. Everybody knows that one, yet the general public tends to buy high and sell low. They stick with the crowd, and it can cost them. This basic piece of advice needs context to be useful, and the context is rarely taught.

As many readers already know, in the past, I’ve backed up my belief in educating people with regular seminars that anyone is free to attend. Usually, those classes happened once a month, and it was a great way to help clients and their guests achieve a level of understanding that can be tricky without a teacher. I also enjoyed getting to see my clients in-person at those events and have themmeet each other. And I found that being able to answer their questions live was something we all valued. The topics of the seminars would vary, but they were usually things that people should know, but don’t . That’s not their fault — in the past, some of these things were taught in high school, but I don’t believe financial literacy is considered an important part of most curriculums these days. I’d like to think that others in my business would be another potential source of knowledge, but I know for a fact that many of my peers would prefer their clients to know as little as possible, offer no input, and generally just let the “professionals” handle their portfolios without questions. That has never appealed to me. Not only do I think it’s important for people to learn the knowledge I can pass on, but I’ve also found that educated clients are the best clients. If they understand the principles behind your actions, then they probably won’t ask questions anyway. But, as long as you’re

handling things correctly, what’s the problem with clients asking questions?

In a year like this past one, having clients understand what you’re doing is a godsend. They’re not calling in a panic when they read the news because they know the measures we have in place to protect them, such as the fact that we rebalance our portfolios every 90 days. They know these things because it’s important to me to teach them if they’re interested. I’m happy to report that my seminars — which were put on hold by the pandemic — are soon to return. As I’m sure you can imagine, I really am looking forward to that. It’s been so long since we were able to connect in that way, especially as a group. I love answering questions, especially if there are many people there who can benefit. And I generally love seeing clients and catching up with them, which, as I mentioned, is a highlight of these seminars. I hope to see you soon. Bring your questions, bring a friend, and bring a notebook. You know that I will — after all, when you teach others, you often learn a lot yourself in the process. – Garry Li day

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INTEGRITY, RELIABILITY, & COMMITMENT

Lulu the Pot-Bellied Pig’s Cunning Plan to Save Her Owner MAN’S SMARTEST FRIEND

According to animal experts, pigs are smarter than any other domestic animal, including cats and dogs. That may seem hard to believe, as you probably associate pigs with a pink, smelly animal that oinks and rolls around in the muck. However, the story of how Lulu the pot-bellied pig saved her owner’s life might persuade you to reconsider. Back in 1998 (otherwise this story would have certainly gone viral), Lulu the pig was a permanent fixture at Jo Ann and Jack Altsman’s property in Beaver Falls, Pennsylvania. They had initially only taken Lulu from her original owner, the Altsmans’ daughter, for a temporary stay, but they ended up bonding with Lulu, and she was with them for much longer than expected. On Aug. 4, Jo Ann suffered from a heart attack. Jack was out of town on a fishing trip, and even though Jo Ann cried for help and even threw an alarm clock out the window, no one heard her cries from their somewhat secluded home. The family’s dog, Bear, barked and barked to no avail. Lulu, however, knew Jo Ann needed help quickly and waddled into action.

Lulu made her way to the nearest road, scraping her skin in the process and leaving it torn and bleeding. Once she reached the road, she laid down as if to play dead. Not long after that, a passing driver saw Lulu and stopped to check on her. Once Lulu was sure she had the driver’s attention, she got up and waddled back toward her home, leading the driver to where Jo Ann lay on the floor. When the driver found Jo Ann, he immediately called 911, and emergency services took her to a medical center for open-heart surgery. Had just 15 more minutes passed without help, Jo Ann would have died. For her heroism, Lulu received the Tiffany gold hero’s medal from the American Society for the Prevention of Cruelty to Animals and made multiple television appearances as her fame spread. Hopefully, she was smart enough to know just how much she was appreciated.

The Truth About Essential Oils

ARE THEY REALLY SAFE?

If you’ve ever visited a spa or tried a “natural” perfume, then you’ve probably been exposed to essential oils. These fragrant, flavorful oils are derived from plants and have become a fad among health nuts, yoga practitioners, and even chefs. Many devotees believe that a few drops of oil added to a diffuser, mixed with food, or rolled onto the wrist can do just about anything, like reduce anxiety and ward off the common cold. In 2019, the global essential oil market was valued at more than $7 billion, and sales are expected to soar above $14 billion by 2026. But there’s a catch: Some doctors now warn that essential oils are not a panacea — and they’re not as safe as they seem. What do the experts say? According to Rose Ann Gould Soloway, a clinical toxicologist at the National Capital Poison Center, essential oils can be safe and beneficial. However, they have harmful side effects when misused. Many oils can cause rashes and even poison users if they’re swallowed or rubbed directly onto the skin. In addition to this, incorrectly breathing in an essential oil can cause pneumonia. How are essential oils misused? When it comes to essential oils, there are two big mistakes people might make: They either overuse essential oils with their children or they apply them the wrong way. When essential oils are concerned, proper application and amount can make a life-or-death difference. Nutmeg oil, for example, tastes delicious

in food but can cause hallucinations and even comas when mishandled, and eucalyptus oil, which can soothe a cough, can also cause seizures if ingested. Another example is sage oil; it has beneficial applications, but even small amounts can make a child very ill. How can I use my oils safely? If you use essential oils or oil-based products, it’s vital that you follow the instructions that come with them and keep bottles of pure oil locked away from your kids and pets. When you’re using oils topically, dilute them with a barrier substance like a non-essential oil, lotion, or aloe jelly; and when you’re inhaling them, use a waterless or water-based diffuser. Finally, when in doubt, do your research! The American Botanical Council’s HerbalGram journal, AromaWeb. com, and >Page 1 Page 2 Page 3 Page 4

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