Archive for December, 2009

Giving…with Benefits

Thursday, December 24th, 2009

By Nancy Mandell, guest blogger

Nancy MandellNew York City has so much to offer; sometimes it feels good to give the city something back. With the exception of Ebenezer Scrooge (Bah humbug!) the holiday season seems to foster our most benevolent inclinations. With this in mind, I thought it would be a good time to investigate opportunities to volunteer our services to those in need.

The first Website I landed on turned out to be New York Cares, the organization that sponsors an annual Winter Coat Drive, extending this year through the 31st of the month. After all, the weather outside really is frightful these days, and the only thing worse than being there is being outside without a coat!

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Lunch with Lew Conference Call - July 2009

Wednesday, December 23rd, 2009

Altfest Personal Wealth Management holds a conference call with its investment management clients several times throughout the year. These Lunch with Lew calls allow Lewis Altfest the opportunity to address current market events and our thoughts/plans. The link below is an excerpt of the July 2009 conference call.

Click to listen - “Lunch with Lew” - July, 2009

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Newsletter - April 2009

Wednesday, December 23rd, 2009

Altfest Advisory Letter

 The Altfest Advisory Letter is produced in-house as a client service, to share our thinking on relevant topics

The Altfest Advisory Newsletter - Fall 2009/Winter 2010

The Altfest Advisory Newsletter - Spring 2009

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It’s Not About the Moving Date

Wednesday, December 23rd, 2009

By Karen C. Altfest

Karen C. AltfestIf you are planning to move from one home to another, you’ll probably be gearing up for moving day. Maybe you’ve interviewed movers, trashed a lot of unnecessary stuff, and given things to your favorite relatives or thrift shop. If you’re selling a home, you probably purged some possessions so potential buyers can comfortably open your closet doors without going into shock.

Now your job seems to be to put things in boxes, label carefully, and look towards getting through moving day. If you’re in New York City, you have to alert the building you are moving out of and the building you are moving into, reserve the freight elevators, and plan to move during the hours those buildings allow. Then you’ll be in your new home, right?  Not so fast.

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Silver Bells: Music for the Holiday Season

Friday, December 18th, 2009

By Nancy Mandell, guest blogger

Nancy MandellWhen it comes to the holidays, New York is alive with the sound of music—a great deal of it free of charge!  Talent ranges from music students and aspiring artists to well-known professionals performing in a variety of venues from churches to concert halls. While recently searching the usual Internet sources for highlights of the holiday season, we came across a Website called Club freeTime that, frankly, seems to have all the answers. (The phone number is 212-545-8900, but don’t even try; their voicemail box is full and according to the message, they prefer emails to contact@clubfreetime.com.)

Apparently it took the enthusiasm of  a Muscovite named Natella Vaidman to realize the need to aggregate the thousands of free events—from walking tours to theatre tickets—that make retiring (and living) in the city such a cultural treat. Read More…

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A Cure for What Ails You

Tuesday, December 15th, 2009

By Nancy Mandell, guest blogger

Nancy MandellAre you suffering from “frugal fatigue?”

If so, you’re among the many holiday shoppers—more than two-thirds of them women, by the way—who are believed to be succumbing to a malady as unique to the past year as the H1N1 virus. The cause of frugal fatigue is less mysterious than the origin of swine flu, however: It’s the economy, stupid! And as memories of the early pall cast by a lackluster Black Friday and Cyber Monday fade, retailers are seeing evidence that a good many shoppers have decided they’re “fed up and not going to take it anymore!”.

In the recession, women not only had to change their (shopping) habits—often putting their own needs at bay—but also to make more concessions than their male counterparts, explains Marshall Cohen, chief retail industry analyst for the NPD Group and author of Buy Me! How to Get Customers to Choose Your Products and Ignore the Rest, to be published next month. In fact, Cohen dates the start of the recession to the point where sales of women’s apparel began declining at a greater rate than men’s, all the way back to January 2007 “when we began to see the women’s market underperforming the men’s.”

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No Place Like Home for the Holidays

Wednesday, December 9th, 2009

By Nancy Mandell, guest blogger

Nancy MandellSanta Claus is coming to town and so, for many of us, are the grandchildren! Happily, there’s no better city in the world to capture kids’ imagination during the holidays than New York, and it’s not necessary to book tickets for Radio City Music Hall or The Lion King to keep kids (and adults) of all ages busy and entranced without spending a dime!

A good place for everyone to start is Rockefeller Center, where the glittering lights on an imposing 76-foot tall Norwegian spruce twinkle day and night as skaters navigate the famous ice rink below. If your charges don’t mind being ogled by the crowds that jam the plaza above, they can show their skating skills off in the middle of Manhattan.

But we all know that it’s the department store windows that provide the best free entertainment in town. Read More…

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A Footnote to our recent Metropolitan Opera blog posting

Wednesday, December 9th, 2009

A Footnote to our recent Metropolitan Opera blog: Seniors can reserve same-day $20 tickets to regular performances Monday through Thursday thanks to the Agnes Varis and Karl Leichtman Rush Ticket program which sets 50 tickets aside for seniors for each performance excluding galas, openings and special events. To order, call 212-362-6000 beginning at noon on the day of the performance or go to http://www.metoperafamily.org/metopera/varis/index.aspx.

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Riskier Business

Friday, December 4th, 2009

By Nancy Mandell

Nancy MandellHave you ever wondered why men are bigger financial risk-takers than women? (And, no - it’s not our imaginations!) The answer is simpler and certainly more elemental than you might think: Testosterone!

While popular sociologists have been busy assigning responsibility to the planets, researchers at Northwestern University’s Kellogg School of Management and at the University of Chicago’s Booth School of Business and its Department of Comparative Human Development have been exploring the biological route. Their findings were published recently in a paper plainly titled: “Gender differences in financial risk aversion and career choices are affected by testosterone” that appeared in an edition of the Proceedings of the National Academy of Sciences (PNAS).

While existing research has demonstrated links between testosterone and enhanced competitiveness, dominance and even such risky behaviors as gambling and alcohol abuse, the new study is the first to measure the impact of the hormone on financial risk-taking and the choice of riskier careers such as investment banking and trading.

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