What people are saying...

 

"I used to listen to your show 'religiously' every Sat when I lived in Bend...I agreed with you on housing and sold my house in Bend in October 2006, sold in 2 days, and I turned the profits into a 53 ac farm out here in Eastern Oregon. Keep up the great work!"

 

- Tony K.

 

 

"Mr. Valentine, you forecasted a strong end of year rally, and over-weight in technology on your mid-October radio show. On October 18th I placed 25% in IYW (now up 8.22%) and 75% weight in VTI (now up 5.69%) Great results for 30 days! You DO make a difference for those of us that listen to your show. Thanks for your VALUABLE info!."     

 

- Tom M.

 

 

"I have been listening to you since you came on KBND this past year, and think your show is great!  In fact, it's the best and most useful money program I have ever heard, anywhere, anytime."     

 

- Randy P.

 

 

"Just wanted to drop a quick note that I agree completely with your views of obtaining a rich life..."     

 

- Mark O.

 

 

"Thank you for being more helpful than my broker.  I look forward to my Saturday mornings with you."     

 

- Lois W.

 

 

"I appreciate the philosophical overtones to your financial advice and attention to those things which make one's life rich beyond financial independence.

 

- Peter P.

 

 

"I've been listening to you on Saturday mornings for a while and really enjoy your program--a most refreshing and educational outlook on investing."

 

- Mary Ann S.

 

 

"I arrived in Bend in '87, a KGO radio listener.  KBND has come a long way to becoming my radio station.  Thank you for your contribution."

 

- Bob G.

 

 

"Thank you for all the kind feedback!"        - BV

 

"The Rich Life with Bill Valentine"

on

                 

~ A syndicated, three-hour Money Talk radio show broadcast every Sunday 11am - 2pm (Pacific Time) ~

 

 NewsTalk 1110 KBND - Central Oregon |  NewsRadio 750 KXL - Portland Area

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5/4/08 Hour 1  5/4/08 Hour 2  5/4/08 Hour 3

 

SOUND FILE INSTRUCTIONS: Click on the buttons above and an .MP3 file will begin playing on your computer's media player.  Give it a minute or so to start...they're large files.  If you want to save the clip to your hard drive (in order to burn to a CD or load onto an iPod), right-click the buttons and then select "Save Target As" and save it to your hard drive (probably the "My Music" folder).  From there, it can be burned to a CD or imported to your iPod or .mp3 player.

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  YOU CAN HEAR "The Rich Life" ON KXL OVER YOUR INTERNET CONNECTION LIVE SUNDAY.

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THIS WEEK'S SHOW

(May 4, 2008)

 

11:05-11:15

 

Wall Street Week in Review

SPONSOR: BEND VISITOR AND CONVENTION BUREAU

"Discover your inspiration in the heart of Central Oregon.  Your journey begins at www.visitbend.com"

_____________________________

Quote of the Week:

"If you put the Federal government in charge of the Sahara Desert, in five years there would be a shortage of sand."

 

 

- Milton Friedman

 
Current Weekly Change Year-to-Date
Dow Jones 13,058 1.3% -1.6%
S&P 500 1,414 1.1% -3.7%
NASDAQ 2,477 2.2% -6.6%

 

  • We've milked the panic...

  • Back to full employment...

“Ten thousand ways to get away from it all.  Once place to do it.  Bend, Oregon.  Discover your inspiration in the heart of central Oregon.  Your adventure begins a www.visitbend.com" 

 

11:20-11:30

 

 

KILL THE CONFLICTS...FREE THE BROKERS!!

 

  • Why are we still putting up with the gross conflicts of interest in the old line investment advice providing model?

  • BROKER: "agent who buys or sells for a principal on a commission basis" |  ADVISOR: "One that advises, such as a person or firm that offers official or professional advice to clients."

  • Stock picking, loaded mutual funds

  • You've tied their hands...free them up, let them get their 65 and compete...train them in financial planning and investment advisory as much as you train them to sell...encourage them to get their CFP or CFA.

  • The conflict doesn't end there...consider the incest between investment banking / research / retail sales (Visa).

  • 15-20:1 ratio of Buys to Sells (vs. 1:1)

  • It's not just the stock brokers, look at insurance salesmen that sell investment-based product (Dateline).

  • There is no "Yeah, but..." with a conflict of interest in the investment industry.

 

11:35-11:45

 

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

 

 

 

11:50-12:00

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

_____________________________

 

 

INVESTMENT NUGGET:  Keep your commodities on a short leash.

 

 

12:05-12:15

Guest: Patti Moss

 

CEO, Cascade Bancorp (CACB)

12:20-12:30

 

Guest: Patti Moss

 

CEO, Cascade Bancorp (CACB)

 

_____________________________

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

 

12:35-12:45

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

12:50-1:00

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

_____________________________

 

 

ETF of the WeekPowerShares Financial Preferred (PGF)

 

 

1:05-1:15

MONEY 101:  CPI

1:20-1:30

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

1:35-1:45

 

 

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

 

 

 

1:50-2:00

 

 

FINANCIAL FREE-FOR-ALL

 

Call  503-417-7575 or 800-827-0750 or email bill@billvalentine.com

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THE FUTURE OF YOUR MONEY...

 

 

 


 

Click Here

 

to download a free copy of Valentine Ventures white paper (in .pdf form) on:

 

"THIS DECADE..."

 

("Why this decade is so different from the '80s and '90s that it invalidates much of the conventional wisdom of how to save and invest")

 


 

Why Be Wealthy When You Can Be Rich?

By William L. Valentine IV, CFA

(As appeared in the Cascade Business News)

STOP RIGHT THERE! What if you follow everything you're reading about money and investing, amass a fortune, retire, and find that you're unhappy with your life? Some might say, "Give me the fortune, and I'll show you how happy I can be!" I say, I've known hundreds of millionaires and too many share the unique features of being financial wealthy but personally and emotionally bankrupt.

Sound too touchy-feely for you? Consider that the "Golden Years" often aren't—the highest suicide rates of any age group occur among persons aged 65 years and older.1 And you don't need to be Dr. Phil to accept the idea that financial concerns are a leading cause of stress and depression. More than 16% of Americans will be treated for depression in their lifetime.2

What if the old formula—work/save/retire—isn't the key to living a rich life? What if the key to a rich life isn't amassing money, but rather surrounding yourself with things of value to you? And what if the pursuit of money—on the job and in the investment markets—actually conflicted with your ability to be rich?

As a long time investment manager and financial columnist, I would suggest that all of aforementioned is true. In fact, I'm reorienting my practice to foster the mutual objectives of wealth accumulation and helping individuals to develop a lifestyle rich in the things money can't buy.

So instead of giving you "My Favorite Stock Picks," I offer up a new set of principals to add to the wealth-accumulation debate.

1)  Money is good – Money is the key to having maximum personal flexibility and the pursuit of money is a virtuous one. Prudent planning and intelligent investing help you get there. This is the easy part and what I've worked my entire career to perfect. However...

 

2)  Money is only a small part of living a rich life – Life's riches are those things of value to you. Often, they cannot be bought, and the pursuit of money can conflict with efforts to achieve many of the most important aspects of living a rich life. They are distinctive to each of us.

 

3)  The definition of "work" is "being paid to do something you'd rather not" – Your goal, therefore, is to minimize work. If you love your occupation, it's not work--and this doesn't apply. But work for the sake of money that comes at the cost of those things of value needs to be rethought.

 

4)  Financial independence occurs when living standards are met by investment yield – The gap between the money you need to retire, and a rich life in retirement, can be narrowed through redefined ideas about retirement, lifestyle, and the role of money.

 

5)  Living a rich life entails maximizing your experiences and living in the present – While living within your means, it's important to enjoy the fruits of you labor now, and allocate your time towards living in the moment. This entails surrounding yourself with the people and activities most important to you, today.

It's not an easy process for anyone. However, I can't think of a better time to design a rich life and break out of the system. Many are learning to reorient their lives to create more joy and meaning—often without amassing a fortune ahead of time—using non-traditional approaches to work, money and life.

I challenge my fellow Central Oregonians to balance their worthy pursuit of wealth with a similarly noble pursuit of a life rich in those things of value: health, family, hobbies, friends, spirituality, and philanthropy. Starting now, anyone can be rich...

For what's the point in a life filled with many dollars but little sense?

William L. Valentine IV, CFA is the President of Valentine Ventures, LLC, a private money management firm investing on behalf of high-net-worth individuals. He is the host of "The Rich Life with Bill Valentine," Saturday mornings on News/Talk 1110 KBND.

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1 National Strategy for Suicide Prevention, US Dept. of Health and Human Services.

 

2 National Comorbidity Study, National Institutes of Health, Journal of American Medical Association.

 

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