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There's Gold in That Old Cell Phone!

We all know how fast tech devices seem to age. But don’t just chuck them out. There is a market for older cell phones, tablet, laptops and the like.

Online sites like uSell and Gazelle will buy your items, saving you the trouble of finding a buyer. Best Buy, Apply and Target will exchange your old devices for gift cards. Other sites like Swappa and Glyde will let you list old items for sale for a percentage of the sale price.

While newer and better conditioned items will fetch higher prices, there are buyers out there for older and somewhat damaged goods as well.

But remember! Make sure you wipe the device of any personal information before you sell it!

Managing Your Money Manager

A few years back, the Department of Labor issued new rules to help protect consumers from money managers who were acting in their own best interest first and your interests second.

Now those rules may be repealed. Here are the steps you should take with anyone to whom you’ve entrusted your money:

  1. Ask that person to state in writing that they will act as a fiduciary at all times. The term “fiduciary” is a legal one. It means, under penalty of law, the fiduciary must always put your interests before any other in their financial dealings.

Just because someone calls themselves a “financial advisor” or “wealth manager,” it doesn’t mean they are legally a fiduciary. Often, the people will place your money into funds that pay them a higher commission or a bonus. It’s good for the advisor’s bank account, but my not be good for yours.

  1. Always ask your advisor to provide you with all of the costs and fees associated with any given investment. And again, make them do this in writing. What you want is a good faith estimate of what you’ll wind up paying in direct fees or sales commission.
  2. If you can find one, choosing an advisor who simply charges a flat fee may be preferable. Of course, always consult with your lawyer or other financial professional before taking any steps. And be advised that advisors who charge a flat fee or set percentage of the assets they will be managing can be more expansive that paying those direct fees and/or sales commissions. But the idea here is that a flat fee advisor has no financial interest in recommending one investment over another, besides helping you to get the best return so they will remain your advisor.

Stop Annoying Phone Solicitations

Just a reminder that yu can register your smart phone as well as your land line (if you still have a land line) on the National Do Not Call registry.

There are 2 ways to do this:

1.) Visit donotcall.gov

2/) Call 888-382-1222

Keep in mind that it takes 31 days from the day you register for your registration to become effective and that charities and political groups are still legally allowed to contact you.

Unsafe Deposit Boxes?

Think that collection of rare coins or the family jewels are safe in a safe deposit box? Maybe not.

More than 50,000 of them have suffered losses due to burglary, fire, floods and tornadoes!

Fortunately, there are specialty insurers that will cover the contents of safe deposit boxes. Do a little research online and see if one might be right for you.

Wheel Savings

Looking to get a new car?

Believe it or not, the smartest move might be to buy used!

Why? Because of leasing. So many American now lease their cars. Most of those leases are up in 3 years. Plus, leases penalize drivers who go over 10,000 miles a year. The result is an abundance of late model cars with relatively low mileage.

The vehicle information website Edmunds.com estimates that used car prices for cars 3 years old or newer are actually coming down! You’ll find the best deals on subcompact, compact and mid-size cars. In addition, many car dealers now offer extended warranties, some up to 100,000 miles.

If you’re in the market for wheels, remember, you’re in the driver’s seat!

Besides Diana Ross, what other two girls made up the original Supremes?

Flo Ballard and Mary Wilson
O'RyanCordes Marketing