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A
Very Special "Investment" |
May 26, 2006 - No, I haven't grown a mustache or fired
my barber, nor have I changed my mode of dress. The portrait above,
that I have chosen for this column, is that of General John A. Logan,
national commander of the Grand Army of the Republic, who officially
proclaimed Declaration Day, as it was known then (and when I was
a kid), on May 5, 1868, and was first observed on 30 May 1868, when
flowers were placed on the graves of Union and Confederate soldiers
at Arlington National Cemetery.
The first state to officially recognize the holiday
was New York in 1873. By 1890 it was recognized by all of the northern
states. The South refused to acknowledge the day, honoring their
dead on separate days until after World War I (when the holiday
changed from honoring just those who died fighting in the Civil
War to honoring Americans who died fighting in any war). It is now
celebrated in almost every State on the last Monday in May (passed
by Congress with the National Holiday Act of 1971 to ensure a three
day weekend for Federal holidays), though several southern states
have an additional separate day for honoring the Confederate war
dead: January 19 in Texas, April 26 in Alabama, Florida, Georgia,
and Mississippi; May 10 in South Carolina; and June 3 (Jefferson
Davis' birthday) in Louisiana and Tennessee.
So, when you're enjoying the cookout, the parades
and the inevitable sporting events, keep in mind why we celebrate
this holiday. It is too often forgotten that this is a very solemn
memorial.
We will celebrate Memorial Day in Clifton this
weekend, as we have in the past, with a glorious display of American
flags on the City Hall grounds, memorializing those men and women
of Clifton who served our country in the armed forces. It is a tribute
to all those dedicated individuals who gave of their energies and,
in some cases, their very lives to keep America free & safe
from harm. In this troubled time, we remember their sacrifice &
what it has meant to our community. Today, young men and women are
serving in distant lands to preserve the extraordinary "experiment"
created by our gifted Founding Fathers nearly 230 years ago.
The "investment" to which I refer is
a mere $100, the price of an American flag to be added to those
already on display every Memorial Day, as well as Flag Day, July
4th, Labor Day & Veterans' Day. Check the ad that appears in
this issue of Clifton Insider & invest in keeping alive &
visible for all to see, the spirit of the true meaning of Memorial
Day.
Next column, we'll get back to the business of
investing for the future, but for today I prefer to recommend an
investment in memory of those who enabled our present.
Please
Email bob@cfsias.com with
your questions.
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INSIDE
FINANCE will appear regularly, addressing financial
matters of interest to our readers. Any questions? Email bob@cfsias.com
If
you wish to review your investment portfolio, please contact
me for a complimentary consultation: bob@cfsias.com 973-826-8800.
Registered Representative, Securities offered through Cambridge
Investment Research, Inc., a Broker/Dealer, Member NASD/SIPC.
Cambridge and CFS are not affiliated.
The
preceding article is for informational purposes only and should
not be used as the primary basis for an investment decision.
Indices mentioned are unmanaged and cannot be invested into
directly. Past performance does not guarantee future results.
All examples given are hypothetical and do not reflect actual
investments. There may be additional risks associated with
international investing such as: currency risk, economic and
political risk, and differences in accounting practices. Consult
your advisor to consider your risk tolerance before investing
internationally. The views expressed in this article are those
of the author and are not necessarily those of Cambridge.
Bob Jaffe is Managing Director of CFS Investment Advisory
Services, LLC in Totowa and has been a Clifton resident since
1984. Active in community affairs, Bob is Past Board Chairman
of the North Jersey Regional Chamber of Commerce and president
of its foundation board. He serves as a commissioner on the
Clifton Rent Leveling Board and is Vice President of the Clifton
Rotary Club. Representatives of Cambridge do not offer tax
or legal advice. Consult a professional for your personal
situation. |
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