The Best Post-Work Hangouts on the Central Coast
The Central Coast offers plenty of relaxing post-work options for discounted foor or dranks, or the beautiful outdoors. Here are a few of our favorites… READ MORE
(Jul 18) – Mid-Year Market Update
(May 29) – Do you Need Long-Term Care Insurance?
(Mar 11) – People of SLO’s Farmers Market
Editor in Chief, Columnist: Rylan Stewart ([email protected])
We deal in housing, but it takes more than a building to call a place home… it is the people, events, and businesses. So we started the SLO County Locals Blog to explore the spirit of the Central Coast.
After last year’s huge run up in many asset classes, the markets seem to be taking a well-deserved breather. I think it’s a healthy thing that we’re not seeing another huge 20% increase in the markets. That kind of increase would not be in line with the gains in the broader economy. If we did see another huge year in the markets, we could very well be setting ourselves up for a market adjustment. That huge year doesn’t seem to be happening. That’s a good thing in my book.
I was talking with a friend yesterday about investing. She had brought up a couple stocks she had invested in based on a television show she watches.
She described how she hadn’t had much luck with the suggestions of this particular show host and wondered if she should keep going with their ideas? She said her kids told her to do exactly the opposite of what was suggested on the television program based on her prior experience.
She didn’t like having her money earning nothing in the bank. (I asked if she was investing her emergency money in stock. Investing emergency money in the stock market is very risky and not a good idea.) So, she was investing in high dividend paying companies for their income. They were both paying a ten percent dividend. That sounds pretty good, doesn’t it? The thing is that in today’s market, most great companies are paying dividends that are a fraction of that and keeping their shareholders in place. If a company is paying a 10% dividend when the market doesn’t really require it, what’s going on with those companies?
Being in the planning and investment business a long time, and knowing that a person really should have a strong knowledge about what they are investing their hard earned money on, I decided to ask a couple questions:
I’ve been in the financial planning and investment business for almost 31 years now. I’d like to be able to say, I’ve seen it all. Yet, it’s clear the world continues to evolve in so many different ways that there’s always something new going on. This is part of what makes my work interesting, and helping my clients so rewarding.
One topic that keeps coming up in my business is what I call, pricing. That’s what you pay to have your investments managed. Pricing can often encompass a combination of an annual management fee and a one-time charge to make an investment. No matter the format of the pricing a client pays, it’s the total of the long term costs that matters. If you’re not thoughtful and careful, the total you pay for money management can add up over the years to a substantial amount of money.
I believe that there are a couple of questions that are more important than pricing:
By Sarah Day
San Luis Kitchen Co.
The kitchen this month started life as a wide-open and airy space with somewhat drab cabinets. Its bones were great, some of the details were interesting – the pendant lights, the high vaulted ceiling and the soffit bridges, but the blonde oak cabinets, white tile counters, and vinyl flooring dragged the space back into the realm of the mundane.
When the homeowners came to San Luis Kitchen they were seeking to add a bold richness to their home. They fell in love with our cherry cabinets in a deep red finish called ‘Fireside Heirloom Black’ which has black glaze and fleck distressing to bring out the details of the style.
I like to say there are three basic groups of people who may or may not need or want LTC (Long Term Care) insurance:
Group 1: This group is the wealthier group in our country. They have enough money and assets to cover any expenses, including long term care. When they buy LTC insurance, they do so to protect those assets and their income. They do not buy it out of need. Buying LTC insurance is elective here.
Group 2: This group is on the other end of the economic spectrum. They are not wealthy and do not have a large income. This group probably should not buy LTC insurance. The policy and its premiums are likely to compromise their ability to live day to day.
Group 3: This group is a large portion of the US population. They have a good income and assets. The issue here is that they do not want to risk spending down their assets and/or using too much of their income to cover long term care costs. In this scenario, a couple could both need long term care. Or, there isn’t enough money to cover long term care, leaving them vulnerable to real economic issues down the road. This group certainly should consider LTC insurance. In many cases, they can afford the premiums. The protection is probably worth the policy costs.
The emerging markets of the world have been the quickest growing economies for a number of years now. China would be one of those economies. Its rate of growth has been as high as 10% in a given year. We’ve not seen that kind of growth here in the United States for decades.
1. I woke up this morning to a deafening racket. Without regard for my attire, I shot out of the house to see what was making such a clatter. The sewer manhole skirt was being jack hammered into pieces. “Halt!” I ordered, “I need those scraps for a garden planter”. So, the nice community services worker kindly stacked the pieces in my driveway while I went back to sleep.
The first of my ten water-efficient landscaping tips is: recycle, reuse, and repurpose materials before purchasing new. Materials like broken concrete (photo) can be found in such places as your home, construction sites and thrift stores. Your landscaping will cost less, retain moisture and will add a homey feel to your garden.
2. Find out what kind of soil you have. Is it sand, silt or clay? Clay holds water and sand acts like a sieve. Silt is more like moist clay—the small particles hold water, but it lacks air spaces for roots to grow. Knowing your soil guides watering schedules and determines the amount and type of soil amendment required. Sandy soil needs the most help to hold nutrients. Cultivate four inches of organic matter into the soil around plantings. Clay needs about two inches (I like Harvest Supreme) and one inch for silty soil.
Having said all that, most drought tolerant plants will turn yellow and die if you fertilize them or water too much. They like to be stressed out with nutrient deficient soil. Read more
Windows on the Water in Morro Bay and Marisol at the Cliffs in Pismo Beach offer two of the finest dining experiences on the Central Coast. The atmosphere, the food, and especially the ocean (or bay) views make for a perfect date.
Only problem is, your bank account won’t escape unscathed.
Lucky for us all, both restaurants offer post-work food specials and happy hour discounts for folks to stop by, unwind, and enjoy the food, drinks, and views, without taking a sizable hit to the wallet.
Windows on the Water offers these excellent daily specials:
- Martini Monday: $3.95 Martinis and Live Music
- Oyster Tuesday: $0.75 oysters
- Wednesday Sliders and Beer: Chef Neil’s slider trio
- Thursday Tacos ‘N Tequila: $1 tacos
Most restaurants on the Central Coast offer some kind weekday special, and everybody that you ask already has their favorite spots.
If you want to branch out a bit, here our some of our favorites:
Heidi Kimbrell (Morro Bay)
“I like The Galley in Morro Bay. It is right on the water, with terrific views, pleasant, friendly, professional staff, and well-made drinks. They have yummy food, and like I said, good strong well-sized drinks.”
The Galley | 899 Embarcadero, Morro Bay
Bob Moss (San Luis Obispo)
“I like Firestone Grill. It has reasonable priced, good food, and great inside service. I always meet people I know due to the great local turnout, especially on Friday evenings.”
Firestone Grill | 1001 Higuera, San Luis Obispo
Anne O’Brien (San Luis Obispo)
“Laguna Lake Dog Park: a great group of people and dogs show up regularly in the late afternoon. Endless entertainment (for free) of watching dogs run around, great for people watching, engaging with other dog owners (or not), and your dog comes home tired. Win, win all around.”
“Lotus: Vietnamese pho and more. My favorite is the fire grill with noodles. Very popular place for young people. Easy atmosphere, inexpensive food and delicious.”
Laguna Lake Dog Park | 504 Madonna Road, San Luis Obispo
Lotus | 1819 Osos, San Luis Obispo
Daniel Podesto (Morro Bay)
“The Libertine Pub in Morro Bay. They have 20 different craft beers on tap… need I say more? They are expanding the pub and will begin brewing beers on site. There is also a second story with pool table, foosball, etc. or you can simply enjoy the best view of Morro Bay that any Embarcadero business has to offer.”
The Libertine Pub | 801 Embarcadero, Morro Bay
“Sister Kitchen Thai food in Grover Beach is the bomb diggity. Try the Cashew Chicken.”
“Outside of that, all of my after-work activities involve my 7-year-old…”
Sister Kitchen Thai Food | 245 W Grand, Grover Beach
Central Coast Lending is a California mortgage broker and direct lender based on the Central Coast of California in San Luis Obispo County. Call us today at 805.543.LOAN or email [email protected] to set up a free pre qualification. We are The Mortgage Experts: ask us anything!
Is your retirement account getting too large? That must seem an odd question to ask given that the goal is to make it large enough to help you through the rest of your life once you retire. Here’s an issue that comes along with having a successful retirement investment program.