official publication of the laurel oaks… · question from a resident about improving the...

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 1 June 2011 Volume IV, Issue VI OFFICIAL PUBLICATION OF THE Laurel Oaks Neighborhood Association DEAR NEIGHBORS, Summer time in Austin, Texas frequently means drought conditions and so far this year looks like it will follow suit. At our last board meeting in April, the board members were discussing the drought conditions in our area and the water restrictions in place by the City of Austin. Even though all of us have lived here for many years through several droughts, we each had a slightly different version of what we thought the current watering restrictions are. This, coupled with the number of new people moving to our area who may not be aware that these restrictions even exist, made me think a short overview of this topic might be good as we head towards our hottest months. Of course I did what all of us do these days when researching something-I went to the trusty internet. There I found that Stage 1 restrictions are currently in place-hopefully that will still be the case by the time this article is published. If we have moved on to Stage 2 by the time you are reading this, that information is also available at the site: www.ci.austin.tx.us/watercon. The city’s web site also has some good information about water conservation in general that you might find useful. THE FOLLOWING INFORMATION WAS TAKEN DIRECTLY FROM THE CITY’S WEB SITE AND DEFINES THE STAGE 1 RESTRICTIONS: “Stage 1 Water Use Schedule is currently in effect for Austin Water Customers What does that mean to you? • No operation of irrigation systems or hose-end sprinklers between 10 a.m. and 7 p.m. • Commercial and Multi-Family customers can continue to water on Tuesdays and Fridays • Single family homes have 2 watering days a week: o Odd addresses: Wednesdays and/or Saturdays o Even addresses: Thursdays and/or Sundays o Watering by sprinkler or irrigation system is allowed on your assigned day only before 10 a.m. or after 7 p.m. o Hand watering is allowed anytime” The official city ordinance that covers these restrictions is the Water Use Management Ordinance, Chapter 6-4, Water Conservation, Title 6, Austin City Code. Between this ordinance and the city’s web site, you should be able to find answers to all your questions on this topic. One final note-there is information about watering new landscaping on these sites-it made me rethink my timing of some lawn projects I had I mind. Until next time….. Ellen Kelsey, LONA Board President Egg Hunt a Success! LONA’s 16th annual egg hunt was a huge success with well over 200 children and adults - certainly our largest hunt ever. With everyone’s generous extra egg donations - all of the children were very happy with their “collection” of eggs. After the hunt was over, I went around with a big basket of extra eggs delivering even more goodies to the children and especially to those who arrived late. Elle and her daughter Cat enjoyed painting bunny faces on adults and the children. The grab bags were a special treat as well. And of course the Bunny made an appearance for those special photos! Thank- you for your donations of $93 which will be deposited in the LONA general fund. SPECIAL THANK-YOU TO: HEB on Spicewood Springs Road donated money towards the purchase of the snacks, ice, and drinks Boy Scout Troop 162 for helping hide eggs, trash detail and general crowd control Caraway school for allowing us to use the playground area Ellen, Lesley, Elle, Cat, Michelle, Shari, and the entire LONA board for setup before, during and after this event Becky Thomas who I am certain was sending good thoughts our way - we miss you! See you all next year! Ellie LONA Egg Hunt Event Coordinator

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Page 1: OffIcIal PublIcatIOn Of the Laurel Oaks… · Question from a resident about improving the condition of Oak View Park, including erosion problems on the walking trail due

Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 1

Laurel Oaks

June 2011 • Volume IV, Issue VI

OffIcIal PublIcatIOn Of the

Laurel OaksNeighborhood Association

Dear Neighbors,Summer time in Austin, Texas frequently means drought conditions and so far

this year looks like it will follow suit. At our last board meeting in April, the board members were discussing the drought conditions in our area and the water restrictions in place by the City of Austin. Even though all of us have lived here for many years through several droughts, we each had a slightly different version of what we thought the current watering restrictions are.

This, coupled with the number of new people moving to our area who may not be aware that these restrictions even exist, made me think a short overview of this topic might be good as we head towards our hottest months. Of course I did what all of us do these days when researching something-I went to the trusty internet. There I found that Stage 1 restrictions are currently in place-hopefully that will still be the case by the time this article is published. If we have moved on to Stage 2 by the time you are reading this, that information is also available at the site: www.ci.austin.tx.us/watercon. The city’s web site also has some good information about water conservation in general that you might find useful.

ThE fOllOwIng InfOrmATIOn wAS TAkEn dIrECTly frOm ThE CITy’S wEb SITE And dEfInES ThE STAgE 1 rESTrICTIOnS:“Stage 1 Water Use Schedule is currently in effect for Austin Water CustomersWhat does that mean to you?• no operation of irrigation systems or hose-end sprinklers between 10 a.m. and 7

p.m. • Commercial and multi-family customers can continue to water on Tuesdays and

fridays • Single family homes have 2 watering days a week:

o Odd addresses: wednesdays and/or Saturdays o Even addresses: Thursdays and/or Sundays o watering by sprinkler or irrigation system is allowed on your assigned day only

before 10 a.m. or after 7 p.m. o hand watering is allowed anytime”

The official city ordinance that covers these restrictions is the Water Use Management ordinance, Chapter 6-4, Water Conservation, Title 6, austin City Code. between this ordinance and the city’s web site, you should be able to find answers to all your questions on this topic. One final note-there is information about watering new landscaping on these sites-it made me rethink my timing of some lawn projects I had I mind.

Until next time….. Ellen Kelsey, LONA Board President

Egg Hunt a Success!

lOnA’s 16th annual egg hunt was a huge success with well over 200 children and adults - certainly our largest hunt ever. with everyone’s generous extra egg donations - all of the children were very happy with their “collection” of eggs. After the hunt was over, I went around with a big basket of extra eggs delivering even more goodies to the children and especially to those who arrived late.

Elle and her daughter Cat enjoyed painting bunny faces on adults and the children. The grab bags were a special treat as well. And of course the bunny made an appearance for those special photos! Thank-you for your donations of $93 which will be deposited in the lOnA general fund.

speCial ThaNk-yoU To:hEb on Spicewood Springs road donated money towards the purchase of the snacks, ice, and drinksboy Scout Troop 162 for helping hide eggs, trash detail and general crowd controlCaraway school for allowing us to use the playground areaEllen, lesley, Elle, Cat, michelle, Shari, and the entire lOnA board for setup before, during and after this event becky Thomas who I am certain was sending good thoughts our way - we miss you!

See you all next year! EllieLONA Egg Hunt Event Coordinator

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2 Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

Laurel Oaks

board of directors

eDiTor diane willis [email protected] pUblisher Peel, Inc. ...................................................... 512-263-9181 Advertising................................ [email protected]

President .................Ellen kelsey - [email protected] VP ............................. Julie holden - [email protected] VP ...............................Ellie brady - [email protected] Secretary ...................diane willis - [email protected] ................... Sue January - [email protected]

Emails sent to [email protected] will go to all listed above. Please address your email appropriately. Visit LONA’s website for more information, www.laurel-oaks.org

newsletter info

not available online

Minutes of the April 19, 2011 LONA Board Meeting

attendees: hal hall, Julie holden, Ellen kelsey, Shari ryan, diane willis

location: Spicewood Springs branch of the Austin Public library

revieW of olD bUsiNess iTeMs:

1. reviewed the board meeting minutes from January 18, 2011.

2. Outstanding requests:

The Site-based committee at Caraway Elementary contacted lOnA for help in requesting a crosswalk on Oak View drive between buckthorn and Arrowpoint to help prevent jaywalking.

Question from a resident about improving the condition of Oak View Park, including erosion problems on the walking trail due to rain runoff. Also, peeling paint on the playscapes.

NeW bUsiNess:

1. lOnA Egg hunt held April 17 was a big success. A newsletter article will be written.

2. Checking into buying more signs for announcing events, and signs explaining when to trim trees to prevent oak wilt.

3. Checking with Peel, Inc., the newsletter publisher, to see if there is a way to know that someone receiving the newsletter by email leaves the neighborhood so that the newsletter can be delivered to the new neighborhood resident.

DisCUssioN:

1. Ideas for newsletter articles and newsletter’s dear neighbors.

2. Upcoming meeting dates:

lOnA board Quarterly meeting July 19, 6:30Pm, Spicewood Springs library

lOnA neighborhood meeting September 13, 6:30Pm, Spicewood Springs library

3. The great hills neighborhood association has a July 4th parade in which lOnA neighbors may participate. Information at http://www.greathillspark.org/events.php#fourth

Submitted by Diane Willis, LONA Secretary, April 21, 2011.

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 �

Laurel Oaks

www.edwardjones.com Member SIPC

Leaving a 401(k) with a previous employer could mean leaving it alone with no one to watch over it.

At Edward Jones, we can explain options for your 401(k) and help you select the one that’s best for you. If you’d like to roll it over to an Edward Jones Individual Retire-ment Account (IRA), we can help you do it without paying taxes or penalties. And you can feel confident that someone is looking out for you and your 401(k).

To find out why it makes sense to talk with Edward Jones about your 401(k) options, call or visit your local financial advisor today.

If You Aren’t at Your Last Job, Why Is Your 401(k)?

Joshua VoreFinancial Advisor.11211 Taylor DraperSuite 103Austin, TX 78759512-345-4989

GREAT HILLSBAPTIST CHURCH

WATCH LIVEservices Sunday mornings

or view any time at

www.ghbc.orgSunday ScheduleSunday Schedule

10:00 am - Worship8:30 & 11:30 am - Bible Life Groups (all ages)

10500 Jollyville Road | Austin, Texas 78759

512.343.7763

Celebrate America!Patriotic CelebrationHonoring All Military Personnel

for Their Service to the USA

June 26 | 10:00 am

A ManAfter God’s Own HeartNew Sunday

Morning Series

vacation bible school

june 13-17

summer Playground Program at oak view ParkAustin Parks & recreation offers the Summer Playground Program

at Oak View Park again this summer. recreation activities for children 6 to 12 years old are offered.

The following information is from the website http://www.ci.austin.tx.us/parks/playgrounds.htm:

The program begins wednesday, June 8th at 1pm and ends wednesday, July 27th at 3pm. normal hours of operation for most sites are monday through Thursday, 9:00 a.m. - 5:00 p.m. and friday 10:00 a.m. - 5:00 p.m. All Sites will be closed July 4th (in observance of 4th of July). Pre-registration is not required, just register at the site on your child’s first day The Summer Playground Program is designed to provide activities for children and is not a substitute for day camp or childcare.

Select ‘Site listing’ to view http://www.ci.austin.tx.us/parks/pglocations.htm which lists the program locations including Oak View Park.

Check out the website for further information.

July 4th ParadeOne of our neighboring homeowners’ groups coordinates a July

4th parade each year and invites lOnA neighbors to participate.Check out the great hills Park events website for parade

information

http://www.greathillspark.org/events.php#Fourth

As July 4th approaches, parade information is posted to the lOnA yahoo! group.To sign up for the lOnA yahoo! group, see

http://laurel-oaks.org/membership.php

Happy 4th of July!

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� Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

Laurel Oaks

Paul & Jan GilliaKnowledge,

Integrity, & Hard Work.

512-388-5454 • [email protected]

The Right REALTOR Makes All the Difference!

Do Not Pay 6% To Sell Your Home!Full service listings are now 4.5%. We Also Do Leasing.

Call or Email Before You List!

YES! I would like to make a donation to help LONA raise funds.Name: ______________________________

Date: _______________________________

Phone Number: _______________________

Email: ______________________________

Amount Given: $ ______________

General contributions are used for LONA Web site maintenance, event expenditures, and general administrative costs

Please make checks payable to: Laurel Oaks Neighborhood Association P.O. Box 201454 Austin, Texas 78720-1454

YES! I am interested in volunteering with the following committees:

Entrance Landscaping Park/Garden Club Newsletter

Egg Hunt Fundraising

General contributions are used for LONA website hosting and domain costs, event expenditures & general administrative costs.

lona donation forM

June eventsat the Wildflower Center

NaTUre NighTs—beesThursday, June 30, 6 to 9 p.m.

Thanks to the generosity of our sponsor, h-E-b, summer nature nights will be free to all and admission to the wildflower Center on nature nights days will be free all day. Our first nature night is all about bees and why we need them in the ecosystem. hands-on activities and family fun! Our media sponsor is kVUE.

vibraNT blooMsThrough August 21

Catherine beatty flowers’ intricate, embellished painted silks combine brilliant color and meticulous handicraft. In the mcdermott learning Center.

aqUeoUs MaTTersThrough August 21

T. J. mabrey’s sculptures on the grounds seek to capture the amazing qualities of water—how it can nurture and it can destroy.

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 �

Laurel Oaks

Now Open

www.oakhavenmassage.com

(512) 351-7227Oak Haven Massage is now in Austin!

We provide advanced level massage at a very affordable price, with no memberships or contracts. Our therapists are selected for their ability to do very deep, therapeutic massage. We invite you to come in to our new location and give us a chance to show you what therapeutic massage is all about.

ME1678

$29 1 hour massage

first time visitors

NO CONTRACTS NO MEMBERSHIP

The Art and Science of Massage is now Affordable!

620 at 183 next to Olive Garden

Page 6: OffIcIal PublIcatIOn Of the Laurel Oaks… · Question from a resident about improving the condition of Oak View Park, including erosion problems on the walking trail due

� Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

Laurel Oaks

what is life like today for a typical ten year old boy? Skateboards, bicycles, computer games, school with kids he has known since he started kinder garden, neighborhood friends to hang out with, parents that make him clean his room and take a bath on a regular basis, but are always there for him; grandparents that spoil him? for a child in the foster care system, many of these things are missing. And those are the most important, namely the relationships with family and long term friends that tend to build trust and security that help the child develop a strong sense of self and build on self-esteem.

meet nathan, an active 10 year old child in foster care. he loves the Texas longhorns and is a talented football

and basketball player. he enjoys school, has lots of friends and is always respectful to his teacher. nathan has so much potential for the future and in finding his forever home, he is destined to reach all of it!!

Stability of loving relationships and predictability in a safe environment are essential elements to help each child reach their potential. finding a “forever family” for a child like nathan is critical to his continued growth and development. As long as kids like nathan remain in the foster care system, they always have the mindset that tomorrow may mean another foster home, another school, another set of parents to adjust to. Could you help nathan or other children like him to gain the trust and security that comes with having a permanent family?

Adopting a child from the foster care system requires little or no cost to the adoptive family and funding may be available to help the adoptive family support the child or sibling group.

for more information, please contact Stephanie berka, wendy’s wonderful kids recruiter, Adoption Coalition of Texas at 512-450-8750 or email at [email protected]

To learn more about the adoption process and the Adoption Coalition of Texas, please call bruce Thompson at 512-301-2825 or visit our website at http://www.adoptioncoalitiontx.org

Meet Nathan

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 �

Laurel OaksAt no time will any source be allowed to use the laurel Oaks nA newsletter's contents, or loan said contents, to others in anyway, shape or form, nor in any media, website, print, film, e-mail, electrostatic copy, fax, or etc. for the purpose of solicitation, commercial use, or any use for profit, political campaigns, or other self amplification, under penalty of law without written or expressed permission from Peel, Inc. The information in the laurel Oaks nA newsletter is exclusively for the private use of the Pine brook hOA and Peel, Inc.

dISClAImEr: Articles and ads in this newsletter express the opinions of their authors and do not necessarily reflect the opinions of Peel, Inc. or its employees. Peel, Inc. is not responsible for the accuracy of any facts stated in articles submitted by others. The publisher also assumes no responsibility for the advertising content with this publication. All warranties and representations made in the advertising content are solely that of the advertiser and any such claims regarding its content should be taken up with the advertiser.* The publisher assumes no liability with regard to its advertisers for misprints or failure to place advertising in this publication except for the actual cost of such advertising.* Although every effort is taken to avoid mistakes and/or misprints, the publisher assumes no responsibility for any errors of information or typographical mistakes, except as limited to the cost of advertising as stated above or in the case of misinformation, a printed retraction/correction.* Under no circumstances shall the publisher be held liable for incidental or consequential damages, inconvenience, loss of business or services, or any other liabilities from failure to publish, or from failure to publish in a timely manner, except as limited to liabilities stated above.

printconcept

SudokuThe challenge is to fill every row across, every column down, and every3x3 box with the digits 1 through 9. Each 1 through 9 digit must appearonly once in each row across, each column down, and each 3x3 box.

© 2007. Feature Exchange

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Page 8: OffIcIal PublIcatIOn Of the Laurel Oaks… · Question from a resident about improving the condition of Oak View Park, including erosion problems on the walking trail due

� Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

Laurel Oaks

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 �

Laurel Oaks

16-18—sToNeWall: Stonewall Peach JAmboree and rodeo This 50th-annual event celebrates the peach harvest with rodeo and bull riding events, dancing, live music, a parade and festival, contests, auctions and more. Chamber of Commerce grounds, 250 Peach St. www.stonewalltexas.com 830/644-2735

17-18—saN MarCos: Juneteenth Celebrations Includes a picnic, parade, cook-offs, a cake walk, and children’s activities. San marcos Park Plaza, 206 n. C.m. Allen Parkway. 512/738-2583

17-19—boerNe: berges fest Celebration of german heritage features a parade, live entertainment, cook-off, dance, dachshund races, contests and more. downtown. www.bergesfest.com

17-19—bUrNeT: burnet County fair and rodeo See real Texas cowboys compete in rodeo events. The fair features live music, barbecue, art, jams, quilts and more. burnet County rodeo grounds. 512/756-5463 or 830/798-4018

17-19—freDeriCksbUrg: Trade days Shop with more than 350 vendors in six barns, acres of antiques, collectibles, biergarten, live music and more. Seven miles east of town off U.S. 290 at 355 Sunday farms lane. www.fbgtradedays.com 830/990-4900

18—blaNCo: market day find arts and crafts, antiques, jewelry, food and more. 300 main St. www.historicblanco.org/market_ day.htm 830/833-2211

18—lUCkeNbaCh: Open rod, Custom and Classic Car and motorcycle Show Car enthusiasts converge to enjoy vehicle displays, live music, a silent auction and more. 412 luckenbach Town loop. www.rockincarshow.com 830/997-3224

18—sToNeWall: german heritage day See demonstrations of traditional german heritage activities and everyday farm life, including blacksmithing, soap making, rope making, washing clothes, growing food and other activities done the traditional way. finish the day pitching some washers or learn the old german card game of Skat. hours are 10 a.m. to 3 p.m. Sauer-beckmann living history farm at the lyndon b. Johnson State Park and historic Site. 830/644-2252

18-19—grUeNe: Old gruene market days nearly 100 vendors offer uniquely crafted items and packaged Texas foods. hours are 10 a.m. to 5 p.m. gruene historic district, 1281 gruene road. www.gruenemarketdays. com 830/832-1721

19—aUsTiN: father’s day Concert in the Park features marches, broadway show tunes and band classics. begins at 7:30 p.m. Zilker hillside Theater. www.austinsymphonicband.org 512/345-7420

19—pflUgerville: lake Pflugerville Triathlon Compete in a 500-meter swim, 14-mile bike course and a 3-mile run, or cheer on the competitors. lake Pflugerville. www.lakepflugervilletri.com

23-aug. 28—aUsTiN: hairspray Performances are at 8 p.m. on wednesday through Saturday and at 2:30 p.m. Sunday. ZACh Theatre, 1510 Toomey road. www.zachtheatre.org 512/476-0594

June 201124-25—soNora: Sutton County days and Outlaw Pro rodeo

features parade, PrCA rodeo, dance, arts and crafts, entertainment and children’s rides. Sutton County Arena. www.sonoratx-chamber.com 325/387-2880 or 325/206-0952

24-26—saN MarCos: bIgfest This three-day music festival features more than 100 musicians and bands. Cheatham Street warehouse, 119 Cheatham St. www.bigfestmusic.com 512/353-3777

25—aUsTiN: keep Austin weird fest and 5k Participants waddle, wade, paddle or slither their way down a course through the heart of downtown Austin. Costumes encouraged. Afterward, enjoy live music and vendors at the festival. hours are 2–10 p.m. www.keepaustinweirdfest.com

25—freDeriCksbUrg: roots music Series: Americana night Pioneer museum, 325 w. main St. www.pioneermuseum.net/roots-music 830/997-2835

25—kerrville: kerr County market day hours are 9 a.m. to 4 p.m. Courthouse Square, 700 main St. www.kerrmarketdays.org 830/895-7962

25—NeW braUNfels: groove in the grapes Open-air concerts held under a covered pavilion at the vineyards. hours are 1–4 p.m. dry Comal Creek Vineyards, 1741 herbelin road. www.drycomalcreek.com 830/885-4076

25—UvalDe: market day features arts and crafts, food and live music. memorial Park, U.S. 90 at U.S. 83. www.uvaldemarketdays.com 210/844-8193

25-26—Taylor: Annual rodeo Association Tractor Pull monster tractors go head-to-head in various competitions. East williamson County Events Center, 210 Carlos g. Parker blvd. nw. www.taylorrodeo.com 512/365-8485

26—baNDera: riverfest Includes a barbecue cook-off, arts and crafts, car show and children’s activities. bandera City Park. www.banderariverfest.com 830/796-4447

26—hoNDo: St. John’s Church Celebration Includes food, bingo, kids rides, games and entertainment. City Park no. 1. www.hondochamber.com 830/741-2236

30—aUsTiN: nature night Expert-guided programs offer children and families a chance to explore nature in the Texas hill Country. Topics include bees, wildlife tracking, snakes, fossils, birds of prey and hummingbirds. Also enjoy short hikes, crafts and hands-on activities. lady bird Johnson wildflower Center, 4801 la Crosse Ave. www.wildflower.org 512/232-0100

Texas Events has been published with the permission of the Texas Department of Transportation. All events are taken in

part from the Texas Events Calendar. All dates for events were correct at the time of publication and are subject to change.

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10 Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

Laurel Oaks

ADVERTISE YOUR BUSINESSTO YOUR NEIGHBORS

financial focusKnow Your Investment Risks — and How to Respond

when you invest, you take some risks. while you can’t totally avoid these risks, you can take steps to help reduce their impact and increase your comfort level. And the more comfortable you are with your investments, the easier it will be to follow a long-term strategy that can help you meet your goals.

let’s look at the most common types of risk related to investing, along with some suggestions on helping to reduce these risks:

losing principal — This type of risk is most closely associated with investing. for example, when you purchase a stock, you know that its value could go up or down. If it drops below your purchase price, and you then sell your shares, you will lose some of your principal.

your response — you can’t eliminate the risk of losing principal, but by owning a mix of stocks, bonds, government securities and other types of investments, you can help reduce the impact of volatility on your portfolio. keep in mind, though, that diversification, by itself, can’t guarantee a profit or protect against loss.

losing value when interest rates change — This type of risk primarily affects fixed-income investments, such as bonds. If you purchase a bond that pays, say, a 4% interest rate, and the market rate goes up to 5%, then the value of your bond will drop because no one will be willing to pay you the full price for it when newer, higher-yielding bonds are available.

your response — you can combat, or even ignore, interest rate risk by holding your bonds until they mature. by doing so, you’ll get your full principal back, provided the issuer doesn’t default, and you’ll continue to receive regular interest payments unless the bonds are “called,” or repurchased

by the issuer. (you can help protect against this by purchasing bonds that have some degree of “call protection” and by owning bonds with different maturities.)

losing purchasing power — This risk largely applies to fixed-rate investments such as certificates of deposit (Cds). To illustrate: If you purchase a Cd that pays 2%, and the inflation rate is 3%, you are actually losing purchasing power.

your response — despite their vulnerability to inflation, Cds can offer you some valuable benefits, such as preservation of principal. yet if you are concerned about fighting inflation, you may want to look for investments than have the potential to offer rising income, such as dividend-paying stocks. In fact, you can find stocks that have increased their dividends for many consecutive years. (be aware, though, that companies can reduce or eliminate dividends at any time. Also, an investment in stocks fluctuates, and you could lose your principal.)

Apart from these individual techniques to reduce investment-related risk, you should also save early and save often — because the more money you accumulate, the greater your ability to follow a

long-term strategy that reflects your personal risk tolerance. That’s why it’s a good idea to contribute as much as possible over the

years to your IrA and 401(k) or other employer-sponsored retirement plan.

by understanding the different types of investment risk, and by acting to help lessen them, you can reduce much

of the stress sometimes associated with investing — while you increase your prospects for achieving

your objectives.

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Copyright © 2011 Peel, Inc. Laurel Oaks Neighborhood Association Newsletter - June 2011 11

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12 Laurel Oaks Neighborhood Association Newsletter - June 2011 Copyright © 2011 Peel, Inc.

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308 Meadowlark St.Lakeway, TX 78734-4717