Lessons Learned from Scary 2020 Plunge a Shock to Investors Used to an Ever-Rising Market
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ROGERS COLUMN Think you know TN trivia? Try this quiz You might know our state just turned 225 years old, but there are plenty of other fun facts you might not have learned in school. DAVIDSONLedger • WILLIAMSON • RUTHERFORD • CHEATHAM WILSON SUMNER• ROBERTSON • MAURY • DICKSON • MONTGOMERY SPECIAL EMPHASIS: PERSONAL FINANCE Lessons P3 June 11-17, 2021 learned The power of information.NASHVILLE EDITION Vol. 47 | Issue 24 www.TNLedger.com from scary 2020 FORMERLY WESTVIEW SINCE 1978 Plunge a shock to investors used to an ever-rising market Story by Hollie Deese begins on page 2 REALTY CHECK Getting out as others file in Longtime residents are becoming less enamored with Midstate’s growth and Law & Government are seeking calmer locales. 08/26/2010, 10C3303 Publicern Express, Inc, James T Collins Recordsvs Rogers Group Inc, Pltf(s): James T Collins, Hampshire Insurance Company, Western Express, Inc, Def Atty(s): Pltf Atty(s): n/a, Def(s): Rogers Group Inc, Def Atty(s): Heather E John W Barringer, 08/30/2010, 10C3341 Hardt, 08/26/2010, 10C3308 Patricia McClarren vs Star Insurance Company, Westwood James A insideWells vs Jenco Construction & online Inc, Pltf(s): James A Church Of Christ, Wells, Pltf Atty(s): n/a, Def(s): Jenco Construction Inc, Def Atty(s): Def(s): Star Insurance Company, Westwood Church Of Christ, Def Jennifer S White, 08/25/2010, 10C3282 Atty(s): David John Deming, 08/30/2010, 10C3343 RealtyJessica CheckGrimwood ....................................... vs Intrepid USA Healthcare Services, Richard Dicaire vs Cbs Personnel Holdings Inc, Cbs CommunityPltf(s): Jessica Calendar Grimwood, Pltf ..........................Atty(s): n/a, Def(s): Intrepid USA Personnel Services LLC, Kilgore Group Inc Collectively Healthcare Services, Def Atty(s):TNLedger.com Clifford Wilson, 08/27/2010, Staffmark, Staffmark Investment LLC, Newsmakers ....................................... Pltf Atty(s): n/a, Def(s): Cbs Personnel Holdings Inc, Cbs Personnel P3 Judy R Lawson vs Nursing & Oneida, Pltf(s): Judy R Lawson, Services LLC, Kilgore Group Inc Collectively Staffmark, Staffmark Public PltfRecords Atty(s): David Harold Dunaway, Def(s): Nursing & Oneida, Def Investment LLC, Def Atty(s): Stephen B Morton, 08/26/2010, Public Notices and ForeclosuresJordan Sanders vs Dillons Welding Inc and Employers, Pltf(s): Jordan Sanders, Pltf Atty(s): Donald D Zuccarello, Def(s): Marketplace ....................................... ............................. 3 ............................... 23-34 4 6 7-16 36 Page 2 www.TNLedger.com JUNE 11-17, 2021 CONFUSING ‘GENIUS WITH A RISING TIDE’ shutterstock.com By Hollie Deese 2020 taught uch of the fear that struck the country in early 2020 had more to do with the fi nancial eff ects of COVID-19 than the medical. It began in late February and Mcontinued into March with record-setting Dow plunges March 9 (2,013 points), us the value 12 (2,352 points) and 16 (2,997 points). Seven of the worst 10 days in Dow history occurred between Feb. 24 and March 18, 2020. of sound “We’ve just been through a wild and crazy year,” says Bill Decker of Decker Wealth Management. “Last March, we had the worst three weeks of investment performance of my lifetime, and I have been doing this for 30 years.” fi n a n c i a l And while Decker says those few weeks in 2020 at the start of the pandemic were a very scary blip in what turned out to be an unexpectedly good year, it was enough of a shake-up to get people really thinking about what they have always considered to be safe planning and sound investments in a post-pandemic landscape. “A lot of people had gotten used to thinking their investment portfolios were pretty safe but found out that there can be news that aff ects everything and you can lose a 30- year net worth,” Decker adds. Decker And in March 2020, it didn’t matter if you were invested in gold or municipal bonds, or even whether you had a diversifi ed stock portfolio that included Apple and Tesla. Everyone was losing money. “It got scary,” he recalls. “And a lot of people got a taste that things could be scary. Th ankfully, the market turned around in a phenomenal way. But I feel like I just drove over a small, curvy mountain road, and I stopped and looked back at the last year, and am just glad it turned out as well as it did. PERSONAL FINANCE >> PAGE 18 JUNE 11-17, 2021 www.TNLedger.com Page 3 Others happy to take their place Fun facts – some useful Sellers cashing out, heading How much do you to lakes, beaches, mountains really know about Where have all the sellers gone? Long Tennessee? time passing. Actually, it’s a fairly recent Happy 225th birthday, Tennessee! phenomenon that You don’t look a day over 210! has large numbers of Sorry I’m a little late. In my defense, RICHARD a 225th isn’t really one of those COURTNEY Middle Tennesseans REALTY cashing out of the real numbers that imprint on the brain. CHECK estate frenzy and going Th ere’s not even a word for it, strictly JOE far, far away to work 108WesthamptonPlace ROGERS speaking, though attempts have been remotely. made. A couple of years ago, when the Ledger MY TAKE It’s largely because so many people Westhampton Place in Belle Meade in University of Tennessee was marking from other states are selling out and March 2010. its 225th, “quasquibicentennial” was used to describe the moving here with their portable offi ces No stranger to upper-end houses, the The power of occasion. slung over their shoulders and looking to duo has designed houses that have sold for information. How’s that for a mouthful? avoid state income taxes and enjoy all the over $20 million in Florida. In Nashville, It had been used before, including in 2001, in honor of they sold the Westhampton home for Published weekly by city has to off er with fresh eyes. Westview Newspaper, LLC the nation’s 225th. It’s basically a makeshift adaptation of Which brings us back to Midstate more than $1,025 per square foot, something coined in 1961 to describe a 125th anniversary, residents who have put away their rose- including the pool house, with a sale price 222 Second Ave. N. Suite 101 quasquicentennial. Th e “quasqui” was a merging of the of $6.8 million. Th e furniture was for sale Nashville, TN 37201 colored, rhinestone glasses and have (615) 254-5522 Latin quarta que, or quadrans que, intended to indicate grown tired of the migration, traffi c issues, and also bought a hefty price. FAX: (615) 254-5525 “and a fourth,” invented by ... rising crime rates, tax increases and the Th e main house was built in 1967, and Monday-Friday 9 a.m.-5 p.m Lord. Somebody help me out of this rabbit hole. loss of the small-town feel that the city its original owners were Herbert Schulman I observed the actual event – June 1 – in a low-key and Jean Schulman, who lived in the President & Chairman and the area once possessed. Peter Schutt manner, by taking a WSMV-TV online trivia test to see With growth comes trade-off s, and house with their children, Janice and Tom. Publisher & CEO how well I know the Volunteer State. I make no claims to many want no part of it. Several listing Tom was a student at Montgomery Bell Eric Barnes be a Tennessean, having been born in Mississippi, but I Academy at the time and later would write Associate Publisher agents say their sellers are moving into & Executive Editor did passably well, nailing 10 of the 14 questions. their secondary residences – lake, country a “semi-autobiographical screenplay” based Lyle Graves I probably should have known Justin Timberlake is [email protected] or beach houses – some moving before on his time there. from Memphis. My guess, Britney Spears, was actually Perhaps 108 Westhampton bore Planning Editor they had planned to in order to cash in Cindy Smith born in Mississippi. Dang! Still, I can’t be too upset at and check out. witness to the lore that became “Dead [email protected] not knowing the fi rst All-American football player for Poet’s Society,” one of many screenplays Contributors Dozens are headed to Naples and scores Chip Cirillo Tennessee. Do you? (Gene McEver.) more to the 30A region of Florida, places penned by Schulman. Among his Sheila Burke All in all it was a fun exercise, though, at 14 questions, works are “Honey I Shrunk the Kids,” Kathy Carlson that they felt they would spend their Hollie Deese obviously not comprehensive in its scope. So, in golden years of retirement. Now, they “Indecent Proposal,” “Medicine Man” Tim Ghianni competition with WSMV, I present my own Tennessee and “Mooseport.” Schulman attended Joe Morris intend to wind down their careers and Rhiannon Potkey trivia quiz – with 15 questions! Answers at the bottom. head into retirement rested and tan. Vanderbilt after graduating from MBA Tom Wood Good luck. Th e Highlands and Cashiers and before heading to California. Offi ce Manager With 6,129 square feet in the main Donna Gosnell (pronounced Cashers), two North Art Director 1. How many states does Tennessee border? Carolina cities, have been a benefi ciary, house and another 507 in the pool house, Mike Hopey the compound includes fi ve bedrooms, [email protected] a. Six as have mountain homes and lake homes Graphic Designer across the country. Sewanee/Monteagle fi ve full bathrooms and two half Leigh Melton Singleton b. Seven properties have spiked, and the Hamptons bathrooms. c. Eight have doubled over the past year.