Icannot take credit for the above quote

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2 MARK J. SNYDER, ChFC, CLU, CFS, RFC, CMFC, QFP, CRC, RMA, RF IT'S TOUGH TO MAKE PREDICTIONS, ESPECIALLY ABOUT THE FUTURE Or...What Would Yogi Berra Say? Dear Friend... Icannot take credit for the above quote which belong to the great American icon Yogi Berra who died thi pat quarter at the age of 90. Like all of the quote from baeball great philoopher-catcher, truth lie beneath it urface. During the third quarter of 2015, notably in Augut, Wall Street went on ale. During thi quarter many money manager got what they d been waiting for, for nearly four year. Until then tock had largely been going in one direction up and many were complaining that tock price were too high to make reaonable purchae. en in Augut the Standard & Poor (S&P) 500 index officially entered a correction defined a a decline of 10% or more with ome of the market mot revered companie declining in price for eemingly little or no good reaon. Neverthele, e Wall Street Journal (9/30/2015) decribed thi activity a ome of the mot gut-wrenching price wing ince the financial crii, not exactly flattering term to decribe the index wort quarter ince 2011 a it fell 6.9%. i left mot invetor with loe after a few year of what had been conidered by many to be low, calm and teady movement that generally went upward. So-called market pull back or correction are not new but are upetting and can even be confuing. While mot long-term invetor undertand that over long time period the tock market can provide reaonable return, downward wing can diturb even the teadiet invetor. Such period are regularly followed by the quetion: i it over? In a quarter where U.S. equity invetor incurred ugly paper loe, municipal invetor had omething to mile about: poitive, yielddriven return. At 1.65%, the muni market third-quarter reult may not have been omething to write home about, but it wa far better than the econd-quarter return of 0.11%. A of September 30, 2015, the muni market ha had a year-to-date total return of 1.77%. ee total return figure are baed on the Barclay Municipal Bond Index, an unmanaged index of a broad range of invetment-grade municipal bond that meaure the performance of the general municipal bond market. And peaking of interet rate, e Wall Street Journal (Oct. 13, 2015), reported that the U.S. Treaury made hitory when it old a new, 3- month Treaury bill that yielded 0%. What thi mean i that the government will actually hold your money for three month at no charge and not pay you a penny more than you inveted when it mature. e yield ha dropped to zero becaue invetor demand for afe invetment i up. According to the Journal, the auction of $21 billion of 3-month T-bill attracted $4.14 in bid for every dollar offered. When bond price rie, yield fall. Bond invetor eeking at leat ome interet in exchange for their loan could opt for 6-month Treaurie in exchange for a yield of 0.065%. In other word, put in $10,000 now and get $10, in ix month, guaranteed. Energy Each of u ha enjoyed the dip in oil price, which took nearly a 25% drop ince the end of Heading into the fourth quarter, analyt are predicting that energy market hould tabilize a production in the U.S. ubide. Analyt alo feel that it now appear the majority of the damage ha been done and oil price may be tabilizing. Oil price contributed to the market decline. Will oil tay cheap? Here again, no one know but conider that the Organization of Oil Producing Exporting Countrie (OPEC) and non-opec member may work together in the next everal month to reduce the world oil inventory. Supply ha already hown ign of coming down while demand ha begun to rie. Under thi cenario, higher price are ure to follow. Preently, we do not know whether the recent urge in oil price i the tart of a longer term increae or jut a hort-term phenomenon. I would not be urpried to ee gaoline price at the pump rie through the end of the year but we are till below the price level of jut a year ago. Interet Rate Interet rate remain the ingle mot important number in the financial market and lately the talk ha been: What will the Federal Reerve (Fed) do about them? i conjecture how no ign of abating. A rate hike wa widely expected recently and the Fed choe to do nothing, i.e., leave rate at preent level. When the moke cleared the Federal Open Market Committee left the Federal Fund rate (the rate bank charge each other for overnight loan of fund maintained at the Fed) unchanged at 0% 0.25%. ey alo left no clear direction a to exactly when they would (or would not) raie rate. While they poke of raiing them before year-end, they alo aid they would have to carefully watch everal factor like the job market and the rik created by overea turmoil. Hitorically, the Fed ha been very reluctant to raie rate during an election year. Interet rate move a a reult of numerou factor including change in the upply and demand of credit, Federal Reerve policy, fical policy, exchange rate, economic condition, market pychology and, above all, change in inflation expectation. A interet rate change, o do bond value. Will the Fed 2 THE SNYDER REPORT FALL 2015 CALL US AT:

3 raie rate or won t it? at till remain the main quetion when it come to interet rate. e Fed may reveal it hand in it December meeting. Global Concern, China i quarter, global market and invetor alo experienced difficultie. Global tock market aw their weaket quarterly performance in four year with trouble predicted in the world' two larget economie. After a utained collape in commodity price, China' equity market dropped and then Chinee official announced a hocking currency devaluation. Continued fear of a Greek default made the pat three month a ummer to remember (or forget) for international invetor. "Global equitie are cloing in on their wort quarter ince 2011, with a number of factor fueling fear in an already jittery market, including weak global growth, driven by deceleration in emerging market, particularly China," Barclay analyt noted in a late September report. China' benchmark Shanghai Compoite appeared to be one of the world' wort performer of the quarter with a 25% lo, it weaket performance ince In Europe, Germany' Dax experienced a 15% decline, -11% for the French CAC, -8% for Italy and -13% for Spain Ibex. Moving forward, while many analyt are expecting a cloud of peimim to loom over global equity market for a while, the average US invetor i not typically expoed to any large degree to uch market, hence the US, while not without problem, remain: the bet houe in a bad neighborhood, for invetor who like to make international comparion. However, if the dollar continue to gain in value, it will make it more difficult for US companie to export their product a holder of foreign currencie will be able to buy le of US-made good. Don t confue volatility with rik. Unemployment e number of American filing new application for unemployment benefit fell back to a 42-year low in mid-october, uggeting the labor market remained trong depite an abrupt lowdown in job growth in the pat two month. Initial claim for tate unemployment benefit fell 7,000 to a eaonally adjuted 255,000 for the week ended Oct. 10, the Labor Department aid. Claim were lat at thi level in July, which wa the lowet ince November Augut' weak job growth appear to be an anomaly. However, the unemployed, the underemployed and the dicouraged remain at an unacceptably high rate. Dealing with financial data can be challenging. at why invetment deciion driven by emotion can be problematic. Dicipline and perpective can help invetor remain committed to their long-term invetment program through period of market uncertainty. e bet invetor try not to contantly look back and econd gue their deciion. ey make deciion baed on fact and data and take a long-term perpective. If you need cah, it can be adviable to conider uing the cah portion of your portfolio to delay the need to ell equitie while the market i down. Selling equitie in a downturn leave you with le inveted when a recovery come, turning what may be a temporary market decline into a permanent dent in your portfolio. Having cah on hand may help give you the opportunity to participate in a recovery. Legendary invetor Warren Buffett maintain that, jut becaue market were volatile doen't mean that for a long-term invetor which i the prim through which Buffett ee market the tock market wa necearily rikier. He advie invetor not to confue volatility with rik. Referring back to philoopher Berra, no one can ever predict what may happen, epecially on Wall Street. While many invetor are bracing for additional large price wing acro tock and bond a we approach year-end, many analyt aid other ignal of a U.S. receion haven t materialized. ey till expect the U.S. economy to expand at a modet but healthy 2.5% annual rate thi year and point out that unemployment i at it lowet level ince early Conumer pending, another major growth driver, i trengthening and the price of fuel remain reaonable, giving the public a financial break at the pump and when heating their home. Analyt are cautiou for now, but among 21 trategit followed by tock market reearch firm Birinyi Aociate ( the average S&P 500 price target for 2015 i currently If it end the year at that level, that would mark a gain of 5.8%, lower than the 8.4% increae widely forecat in the middle of thi year. A alway, invetor would be well advied to ae their financial need and their peronal tolerance for rik before making any invetment deciion. And a Yogi predicted, It ain t over til it over. Mark J. Snyder Material dicued herewith i, meant for general illutration and/or informational purpoe only. Although the information ha been gathered from ource believed to be reliable, pleae note that individual ituation can vary. Therefore, the information hould be relied upon when coordinated with individual profeional advice. * With an invetment vehicle, pat performance i not a guarantee of future reult. Invetor hould be aware that there are rik inherent in all invetment including the potential lo of principal. No invetment trategy can guarantee a profit or protect againt lo in period of declining value. Pleae note that individual ituation can vary. Thi material contain forward-looking tatement and projection. There i no guarantee that thee reult can be achieved. * Indexe are unmanaged and invetor are not able to invet directly in any index. * Invetment in real etate have variou rik including poible lack of liquidity and devaluation baed on advere economic and regulatory change. ` * International inveting involve pecial rik not preent with US invetment due to uch factor a increaed volatility, currency fluctuation and difference in auditing and other financial tandard. Thee rik can be accentuated in emerging market. Data Source: The Wall Street Journal, NY Time, CBS Marketwatch, The Conference Board, July-Sep Securitie offered through Royal Alliance Aociate, Inc., member FINRA, SIPC. Adviory ervice offered through Mark J. Snyder Financial Service, Inc., a regitered invetment advior, not affiliated with Royal Alliance Aociate, Inc. The Snyder Report i publihed quarterly by: Mark J. Snyder Financial Service, 1733 North Ocean Ave., Medford, NY 11763, Mark J. Snyder Manager. FALL 2015 THE SNYDER REPORT 3

4 How You Can Create A Lating Legacy Alegacy i omething that i handed down from one period of time to another period of time. One can be a good or bad thing. More importantly, what will your legacy be? What will you leave behind? With planning, it i poible for you to impact how you can be remembered. While a legacy i often ued to decribe the material item people leave behind to heir when they die, it common that we alo leave behind a nonmaterial legacy -- one that i abtract but equally important, poibly more difficult to define but equally important to material item according to many. Whatever your legacy, it mot likely will affect how you are remembered. You do not need to be a millionaire to leave a meaningful legacy. Smaller gift can be very important and can poitively impact a charitable intitution that ha been important to you uch a a chool, the environment, a library or a religiou organization to name a few. A baic will and/or trut i uually the firt place to tart when building a legacy. Thee can be ued to pell out the term that are important to you. Conider how you want your property and cah to be ued a well a important item uch a jewelry and family heirloom. While heir may not alway agree with your wihe, when they are in writing, they are more likely to be repected. Making deciion like thee early can ave your family a great deal of future anguih while providing clarity and direction. Need change. To be ure your plan meet your family changing need, it i important to decide who you want to direct a pecific aet to. When i the right time for that peron to receive it? Should property be old to pay bill? What about taxe? I there a pecial-need child you want to help? Will your poue have adequate reource? Would you like to help ait your children or grandchildren to help pay for their education? What about health care? Health care, including long-termcare need, can be a wild card when it come to planning but do not have to be and can have a trong financial impact on your plan. Make ure you have adequate medical coverage, diability and long-term care inurance plu an emergency fund for unexpected health care need. Beyond a will and trut, there are other etate planning tool available. Our office can refer you to an etate-planning attorney to make ure your plan i carried out the way you wih. Annuitie, life inurance and retirement plan can help provide cah a well a peace of mind to your heir. Finally, make thee deciion well in advance. Have a profeional team in place to help you make the mot efficient plan poible. Keep your paper organized and let thoe who are important to you know where to find them. Your attorney or financial advior hould alo have a copy. v 4 THE SNYDER REPORT FALL 2015 CALL US AT:

5 YOURHea l th your Bet Invetment It could come on like a bad cold or could be omething more eriou. Vicitm are uually very weak and pale and truggling to breathe. While it won't happen to everyone thi way a viit to a hopital emergency room often i the reult. An etimated quarter of a million U.S. adult over 50 are hopitalized each year with pneumococcal pneumonia, according to the American Lung Aociation ( with the average hopital tay averaging five day. A recent Harri Poll telephone urvey among 1000 U.S. adult aged 50 to 75 that howed while 85 percent of repondent think people 50 and older are at rik for pneumococcal pneumonia, only 1 in 2 (50 percent) agree they are peronally at rik. Who Pneu? An American Lung Aociation public awarene campaign ha been developed to encourage Baby Boomer and older Gen X-er to recognize their peronal rik for pneumococcal pneumonia a eriou lung dieae that can be pread by coughing and neezing. "While many of u over 50 may act and feel younger, the truth i our immune ytem naturally weaken with age, putting u at increaed rik for infectiou dieae," aid Harold P. Wimmer, National Preident and Chief Executive Officer of the American Lung Aociation. "With Who Pneu?, we are providing a wake up call for thee adult to talk to their doctor and ee if they are up to date on their vaccination." "Some people think you have to be elderly and in the hopital to get pneumococcal pneumonia, but that' not o," ay Freda Lewi-Hall, MD, Chief Medical Officer of Pfizer. "Anyone can get pneumococcal pneumonia anywhere and at any time, and the rik increae after we turn 50. It' alo important to undertand that pneumococcal pneumonia i a really eriou condition and houldn't be taken lightly. What I Pneumococcal Pneumonia Pneumococcal Pneumonia can trike people at any age, anywhere and anytime. It i a eriou, Who Pneu? Are You at Rik for Pneumococcal Pneumonia? life-threatening lung infection and a leading caue of death in the United State. Pneumococcal pneumonia i the mot common type of bacterial pneumonia. It can be pread by coughing or neezing, and cloe contact with an infected peron. Common ymptom of pneumococcal pneumonia include high fever, exceive weating and chill, coughing, difficulty breathing, hortne of breath and chet pain. Certain ymptom, like cough and fatigue, may lat for week, or longer. Sometime even thoe who do not exhibit ymptom can alo pread the bacteria. Pneumonia i an infection in your lung. ere are many type of pneumonia, and the mot common type of bacterial pneumonia i called pneumococcal pneumonia. e bacteria that caue pneumococcal pneumonia can be pread by airborne droplet when coughing or neezing, or exchanged through cloe contact. In evere cae, it can even put you in the hopital and ometime lead to death. An important thing to remember i that rik increae with age. Are you 50 or older? Even if you re healthy, active, and take good care of yourelf, you could be at increaed rik for pneumococcal pneumonia but a few imple tep can help you protect your own life. Your body can become more uceptible to ache and pain with age but it important to pay extra attention to your lung. You need them every econd of every day and keeping them in good hape can lead to a healthier, happier life. Learn more at: Want HEALTHY LUNGS Here What You Can Do Don t Smoke: Quitting moking and avoiding econdhand cigarette moke i the bet way to leen your rik of eriou lung condition. Eat Well = Stay Well: Eating nutritiou food can go a long way in decreaing the rik of lung dieae and cancer. Remember to incorporate antioxidant-rich food uch a berrie, nut and dark green vegetable into your diet. Antioxidant prevent cell damage, which i a precuror to cancer and other dieae. Drinking adequate amount of water i alo eential to lung health and particularly important for enior becaue the ene of thirt weaken with age. Water keep the lining of the lung thin, helping them function more effectively. Stay Active: Being active and partaking in aerobic exercie i epecially beneficial to lung health. You can increae your lung capacity and improve endurance jut by walking every day for 30 minute. Try parking farther from a detination or taking the tair intead of the elevator to get ome aerobic exercie into your life. If you re worried about the poibility of injury while doing phyical activity, conider getting a GPS-enabled medical alert device to enure you can get medical aitance if you can t call for help. Take a Deep Breath and Then Another: A more gentle approach to trengthening your lung i breathing exercie, which are great if you have limited mobility. Practice breathing exercie five to 10 minute, three to four time a day. One uch exercie i called diaphragmatic breathing and ha you lie on your back with knee bent and inhale deeply through your noe for three econd. Place one hand on your tomach and one on your chet, taking note that your belly and lower rib hould rie while your chet i till. Tighten your abdominal mucle and exhale lowly through the mouth. Getting into the habit of breathing mindfully will improve lung capacity in addition to being a calming activity. FALL 2015 THE SNYDER REPORT 5

6 Your Data: More At Rik Than Ever I Your Information on the Dark Web? Earlier thi year the Internal Revenue Service (IRS) reported a data ecurity breach that may have affected more than 334,000 American houehold. Thi peronal data, including Social Security number, could land on the o-called Dark Web where uch information i bought and old by criminal group operating around the globe. In addition, the U.S. General Accounting Office report 19 of 24 government agencie were hacked a total of more than 27,000 time in 2014, potlighting the fact that there i no uch thing a ironclad data ecurity and that million of American are at rik of having their identitie tolen. Similarly, the Federal Trade Commiion (FTC) etimate the average identity theft victim invet more than 200 hour and pend a total of 18 month reolving the iue with credit-reporting agencie. What You Can Do Everyone talking about data ecurity thee day but the truth i no data ytem i immune to ecurity breache or hacker, placing every American at rik of identity theft, crime that cot the U.S. economy more than $25 billion each year. The bet thing you can do i be prepared. To mitigate the effect of ecurity breache and retore the good name of identity theft victim, there are now everal ecurity ervice available. For a monthly fee, mot will monitor your identity, including Social Security number, credit card and bank account; name, addre, date of birth, driver licene and paport number; addree, phone number and medical identification number. If your tatu change, you will get an update. If you pot upiciou or fraudulent activity, you can contact a licened private invetigator immediately and begin retoring your identity. What Ele You Can Do The FTC ugget you do the following: Keep your financial record, Social Security and Medicare card in a afe place. Shred paper that have your peronal or medical information. Take mail out of your mailbox a oon a you can. Don t give peronal information to omeone who call or you. Ue paword that are not eay to gue. Ue both number and ymbol when you can. Check With U Our third Shred Fet will be held in the pring of Alo under conideration for next year i a pecial identity-theft workhop. Pleae check future edition of The Snyder Report Event Page for thi and other helpful client event. Help U Grow in 2016! Your Referral Can Get: The Snyder Report Complimentary Initial Conultation Financial Confidence OUR GOAL i to offer our ervice to other jut like you! We would be honored if you would: Submit a name to our mailing lit Bring a friend to an upcoming workhop or Bagel Briefing Recommend a friend attend a complimentary initial meeting Pleae call u at: / [email protected]. When calling our office with a referral, pleae leave their contact information and we ll immediately end them a copy of the latet iue of The Snyder Report. All correpondence i kept confidential. 6 THE SNYDER REPORT Thank you for referring your friend and relative to our office

7 Special Client Event Your SUGGESTIONS Are WELCOME for 2016 on tap Next year promie to be an exciting one for the client and friend of Mark J Snyder & Aociate. While the date for the event below are yet to be determined, here i a preview of ome of the evening we have planned for you: W Identity-Theft Workhop keeping your data out of the wrong hand (ee related tory thi iue). W Living with Alzheimer' Dieae learn about care and upport ervice. W Starting Your Own Buine inight to tart your enterprie. W Shred Fet III coming Spring I n v e t m e n t H e l p f o r S e n i o r A B O U T O U R E V E N T S Each event i open to Mark J. Snyder Financial Service client and friend and take place at our office: 1733 North Ocean Ave., Suite B, Medford. While our event are free pace i limited. To ugget an event or peaker contact: [email protected] / New Securitie Helpline and Webite Available Senior often have unique need that elevate the neceity for expedited attention with invetment concern. Conider that each day for the next 15 year, the Social Security Adminitration etimate about 10,000 American will turn 65. Their need can reult from a lack of outide income, potential health complication and even diminihed mental capacity. Fortunately, there i a new avenue of aitance for enior with quetion or concern about invetment. If you or omeone you care about i among them, you may want the following information: The new FINRA Securitie Helpline for Senior : HELPS ( ) i open from 9 a.m. to 5 p.m. ET, Monday through Friday (webite: Each of thee provide older invetor with a place to get aitance from neutral and knowledgeable taff relating to brokerage account and invetment concern. You can alo learn about other invetor reource a the taff can point you to educational tool that can help you better undertand inveting, aving and invetment product, a well a reource uch a BrokerCheck that can furnih ecuritie firm and financial profeional information. FINRA ( i the larget independent regulator for all ecuritie firm doing buine in the United State. It miion i to protect America invetor by making ure the ecuritie indutry operate fairly and honetly. (NAPSI) MARK YOUR CALENDAR BAGEL BRIEFINGS ON A ROLL! Round Bagel, Straight Talk Don t leave a hole in your day. Our Bagel Briefing, which now alo offer freh fruit a well a hot coffee and friendly converation, provide a deliciou and healthy way for you to keep up with peronal-finance new and development. All Mark J. Snyder Financial Service client and friend are invited. B A G E L B R I E F I N G S WED. DEC. 2 Promptly tart at 10:30 am WED. JAN. 13 Note: There will be no Bagel Briefing during November. Come alone or bring a friend or relative. Where: Each meeting i held at our office: 1733 North Ocean Ave., Suite B, Medford and will lat about one hour. How to Attend: Each meeting i free of charge and without obligation but eating i limited. Pleae RSVP 24 hour before each briefing by to: [email protected] or by calling: We look forward to eeing you! WED. FEB FALL 2015 THE SNYDER REPORT 7

8 And from the Mark J. Snyder Photo Gallery... Excellence All Around Battle of the Book Danielle Henry, granddaughter of Admin itrative Aitant Anita Henry, a 7th grader at Southold Middle School, participated in The Battle of the Book at Stony Brook Univerity. Participating tudent had to read 8 book. Congratulation Peter! Proud grandfather Peter Bellocchio hold hi newet grandon, Jared Jenen, born Oct. 8. The office of Mark J. Snyder & Aociate wa well repreented at the 2015 AIG Advior Educational Conference (ConnectEd) held lat Sept., in San Antonio, TX. Some 3,000 advior attended the conference. Mark (top left) accept an Award of Excellence from Dmitry Goldin, Preident and Chief Executive Officer of Royal Alliance. Mark (above) introduce Ken Unger Founder of the Academy of Preferred Financial Advior at The Excluive Coaching Program. Mark; Peter Bellocchio, Vice Preident, Reearch and Analyi; and Portfolio Analyt Hammid Firoozeh (left) top near Bricoe Wetern Art Mueum exhibit. Keynote peaker Malcolm Gladwell (right) author of The Tipping Point and David and Goliath, poe with Hammid. Wedding Bell! Lino Mui and bride Jocelyn, were married Oct. 17 at Lombardi on the Sound in Port Jefferon. Lino i the on of Cathy Mui, our Vice Preident of Operation and Compliance.