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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 databases like ScienceDirect and PubMed Central are great resources. Johns Hopkins All Children’s Hospital also offers an expert safety guide for using oils on kids.
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Trending Raincoat Styles for 2021
As April showers arrive, how do you stay dry when dashing from place to place? Luckily, wearing a raincoat doesn’t mean looking like Paddington Bear anymore. Here are several raincoat styles you’ll love so much you’ll be praying for rain.
No. 1: The Everyday, Lightweight Hoodie Raincoat There’s something satisfying about wearing a black hoodie and not having to make other decisions about an outfit that day. The same applies to your everyday, lightweight black hoodie raincoat. Beautifully simple, you can wear it over anything you own
— but until the rain comes, you can leave it rolled in your bag or pocket. Yes, it’s that compact! Check out Rain’s Ultralight Jacket on US.Rains.com , which fits the bill perfectly.
No. 2: The Confident, Classic Trench Raincoat
Just because you have a trenchcoat doesn’t mean it’s rainproof anymore — so why not buy a fashionable, elegant trenchcoat you can wear rain or shine? A high-quality trenchcoat is super practical, and it’ll also give you a classic, on-trend look for years to come. Find yours on Zappos.com , which has beautiful coats that’ll last a lifetime at a decent price.
Vegan Potato Salad Inspired by ThisSavoryVegan.com
No. 3: The Practical, Stylish Poncho Ponchos are a rainy day favorite because they’re affordable, easy to put on no matter how bulky your clothes are, and generally easy to store once you’re done wearing them. If you live somewhere that doesn’t rain often or you just prefer the feeling of a loose wrap, then a light poncho might be
Prep for barbecue season by perfecting this delicious vegan-friendly side dish!
INGREDIENTS
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1 1/2 lbs potatoes, any type 1 cup plant-based mayonnaise
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3/4 cup celery, chopped 3 green onions, chopped 1 kosher dill pickle, chopped
2 tbsp white vinegar 1 tbsp yellow mustard
Salt and pepper to taste
your best option. Some even include pockets, making your life a little easier wherever you’re headed! Try Amazon. com to find diverse styles at various price points.
DIRECTIONS
1. In a large pot, add the potatoes and cover with water. On high heat, bring potatoes to a boil, then lower to a simmer. Cook until tender. 2. Drain the water and let potatoes sit for 15 minutes. 3. In a large bowl, combine mayonnaise, vinegar, mustard, celery, green onions, pickle, salt, and pepper. Place in the refrigerator until ready for use. 4. Once the potatoes cool, slice them into 1-inch pieces. 5. Add the potatoes to the dressing and mix gently to avoid mashing the potatoes. 6. Add more salt and pepper to taste. 7. Cool the dish for 1 hour before serving.
Of course, we cannot ignore the popularity of Sherlock Holmes. Will his raincoat, the Inverness cape, be the next sensation? Combining elements from a poncho and trenchcoat, the Inverness cape is a unique style that’s fashionable and practical! No matter which style you prefer, these coats prove that looking good while staying dry is possible.
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INTEGRITY, RELIABILITY, & COMMITMENT
Garry F. Liday Corp. Retirement Asset Managers, Inc. A Registered Investment Advisory Firm (RIA) 15405 SW 116th Ave., Suite 103A King City, OR 97224
Call Us: (503) 620-3531 www.garryliday.com
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Inside This Issue Things You Should Know, But Don’t PAGE 1 How Lulu the Pig Saved Her Owner From a Heart Attack PAGE 2 The Truth About Essential Oils — Are They Safe? PAGE 2 This Spring’s Trending Raincoat Styles PAGE 3 Vegan Potato Salad PAGE 3 Nonalcoholic Beer, Then and Now PAGE 4
More Than 100 Years of Nonalcoholic Beer
And Why It’s Making a Comeback
You may not be surprised to learn that the U.S. has a holiday devoted to a certain frothy brew — April 7 is National Beer Day — though you may be surprised that more and more Americans are celebrating with a nonalcoholic (NA) pint. The hoppy holiday is a relatively recent creation, but brewed concoctions have a long history, even those of a nonalcoholic variety. In fact, NA beer has been around since medieval times in Europe when very weak fermented brews were said to be less dangerous to drink than potentially contaminated water. Some even viewed the beer as a healthy alternative to water, and since they had very little alcohol by volume (ABV), laborers could drink them while they worked.
That standard has informed a new and growing wave of NA beer in the U.S., which pulled in about $100 million in 2018. Sales of NA beer worldwide, however, are projected to jump to almost $6 billion by 2023. In 2018 and 2019, sales of domestic beer decreased, fueled by a generational shift in drinking habits. Millennials drink less than their Gen Z and baby boomer counterparts, and periods of giving up booze, like Sober October and Dry January, are becoming more popular in general. Brewers — foreign, domestic, small, and large — are getting in on the growing trend by expanding NA offerings and experimenting with alcohol-free brews from easy-drinking lagers and ales to flavor-filled India pale ales. Heineken released its first NA beer in 2019 and competitor
In the U.S., the 100-year history of NA beer is closely linked to the temperance movement, which began in the late 1800s. This led to Prohibition and the adoption of the 18th Amendment in 1919. It was illegal to sell, transport, or consume alcoholic beverages, which were defined as any drink with more than 0.5% ABV. Beer with less than 0.5% ABV was considered nonalcoholic and could be consumed, if not enjoyed, by teetotalers.
Budweiser answered with its own version a year later. Craft breweries across the U.S. have flagship and seasonal NA offerings, and in 2015, Bravas, located in Newport Beach, California, became the nation’s first brewery producing exclusively NA beers. If you want to see what all the buzz is about without getting buzzed, crack open an NA beer from your favorite local bottle shop.
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