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Volume 1, Issue 1

Fall 2009

The Daily Frugal E l e m e n t a r y , You can’t avoid it. It’s that time of year again. No – not tax-time - it’s Back to School Time!!! If you follow the retail industry, this is ―the most wonderful time of the year!‖

Stirrup pants and body suits... The constant barrage of commercials got me thinking about my first day of school. I remember wearing my plaid outfit; red plaid pants with a red plaid shirt. I had my Fat Albert lunch box, filled with a sandwich, an apple, a Wagon Wheel (a special treat!) and a thermos full of milk. I had a towel (with my name written on the edge) to lie on during ―nap time.‖ It was the first day of a big adventure, and I was fully prepared to greet it with a smile. Now, the kids are leaving for school with a laptop, mp3 player, cell phone, clothes that cost as much as the laptop, and cash in their hand to buy lunch. I’m sure that they are getting a much better education than I did, but I can’t help but think of the differences between their school experience and mine. They don’t get to have

W a t s o n .

naptime. All of the songs they sing are either based on TV characters, or have a full line of merchandise to help make the song better – or both! They will never experience the road rash that we had back in the day when they used concrete to support the merry-gorounds. Ahh, the good ol’ days.

I asked a few people about their memories of school, and this is what they could recall:

We never had a lunch box, we had to use empty bread bags. I loved it when mom would splurge for brown paper lunch bags.

My first day of school in Canada - English style wool dress, English accent, pixie haircut (hated it) and a board full of fractions that I had NEVER seen in my life (grade 3)

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I always wore clothes pertaining to hockey, specifically the Boston Bruins.

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I wore culottes with clogs & mock neck t-shirts with ring zippers

We started school earlier, late August, because all the kids needed to help with potato picking for 3 weeks in Sept/Oct every year. Probably the hardest job I’ve ever had. Ahh, fashion. Stirrup pants, and body suits, high tops and slouch socks. Sweet.

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My first day of school experience was remote from my mother – she dropped me off at the bus stop & picked me up there after a full day of school. My girls were dropped off by me & a half hour later picked up by me. I was more upset than they were (I cried into Ari’s back when I dropped Cei off & cried in my car after I dropped Ari off 2 years later). I had a scooby-doo lunch box. It was big and plastic and had the dangerous flying Scotsman equipment

Pogs, Popples, Skip-it, and Pokemon cards. Rat tails and mushroom cuts, man, that was bad! Mullets and bell bottoms. May they rest in peace.

I n s i d e

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Warren Buffet shares secret to all success




Our Community


Thank you from Barb and Bryce


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The Secret to Success In his introduction to the Intelligent Investor, Warren Buffett wrote that it only takes two things to invest successfully – having a sound plan and sticking to it. We feel that this is great advice, and found a few more guidelines that might prove useful to you in your quest to develop a sound plan.

The Daily Frugal

the safer an investment and the greater the likely return. Graham advocated seeking out companies with strong balance sheets, conservative financing, solid profit margins and strong cash flow; he was an especially strong proponent of companies that paid dividends that regularly rose.

Bring discipline and process to investing Warren Buffett has said about his professor: “Ben Graham taught us to look at stocks as businesses, use the market’s fluctuations to your advantage and seek a margin of safety. A hundred years from now, these will still be the cornerstones of investing.”

Minimizing the effects of emotion Graham wrote that in the short term the stock market is a “voting machine, with prices based on the emotional, fickle investors but in the long term is is a weighing machine, measuring the value of stocks’ underlying businesses.”

Seeking a margin of safety The margin of safety is the gap between what you can buy a stock for and what Ben Graham called its intrinsic or true underlying value, something that Graham believed was the most important principle of investing. What the margin of safety does is give you a buffer should the company run into unanticipated problems or the market as a whole go into a decline.

Quotable Quotes

The elements of sound investments Graham wrote that the bigger the gap between a company’s stock price and its intrinsic value,

"Investing is simple, but not easy." - Warren Buffet "Every day I get up and look through the Forbes list of the richest people in America. If I'm not there, I go to work." - Robert Orben "Plan for the unplanned and you'll level out the ups and downs of your financial roller coaster." - Jesse Mechum "Finding your entrepreneurial spirit and making it strong is more important than the idea or business you are developing." - Robert Kiyosaki "Greed is wanting something for nothing." - M.D.

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A n n o u n c e m e n t s

Greetings to Lauren Evelyn Marie Elmhirst, born January 3, 2009 and congrats to her parents Jamie Elmhirst and Lindsay McCray. Welcome to the world baby Connor! Connor is the 5th grandbaby of William and Winnie Silvester. Hi Handsome! Rob Wright and Alice Prince have a new addition named Simon. Simon was born on March 25th, 2009. It’s a boy! James Corley was born to Parents Neil and Helen, and to proud grandparents Stephen and Marie Perrett in early March. Double the Fun! John and Margaret McDonald get TWO times the congrats on their twin granddaughters , Hadley and Paige! Congratulations!!!

O u r

The Sooke District Ronald Adler, one of the Lionesse Club is helping authors of the book rehost a yard sale in Sooke, quested to have Yuen’s the last weekend of March painting for the cover 2010 to help send kids to after he saw her paintCamp Shawnigan. ings on the Internet. The Oxford University Donations of gently used, Press contacted Yuen, good quality items are and the result is Yuen’s needed beginning in painting is now on December; please no 40,000 copies of this electronics. popular textbook.

C o m m u n i t y

Chin Yuen is a professional painter and art teacher based in Victoria. Her paintings have won international awards, including placement on the cover of the 10th edition of Understanding Human Communication.

View Yuen’s art at or chinyuenart

T h a n k

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We would like to take this opportunity to thank you for your business, your commitment, and your willingness to allow us to be a part of your financial success. As Warren Buffet shared earlier, the secret to success lies in having a sound plan—and sticking to it! We are proud to have clients like you that are destined for success. If you have any questions or concerns about your financial future, please call us. We are also able to help your friends and family, so if you think that they can benefit from a meeting with us, please let us know.

Hi folks!

Upcoming Events:

Thank you for reading the new style of our newsletter. We will be sending this out quarterly, and we would love to have your input on what to include. Would you like more info, more action, or more about our other clients? Our next issue will be before the Christmas holidays—we’d love to know what the holidays mean to you. Do you have a tradition that is unique to your family, or a favorite memory? Please share it with us! Let us know, we’d love to hear from you. 250-727-9191

N e w s l e t t e r b y :

WHEN: PLEASE NOTE: In order to serve you better, the washrooms at IG are now locked. If you require access, please see the front desk or ask your consultant for a key.

Monday, Oct 26

Cash Bar and Food Bank Drop Off: 7:00pm Theatre Doors Open: 7:30pm Show Starts: 8:00pm WHERE: Royal Theatre - 805 Broughton St.

The Daily Frugal  
The Daily Frugal  

Barb and Bryce's quaterly newsletter - for your entertainment and education!