Commun ty Matters Lawrence Presbyterian Manor
April 2017
Presbyterian Manor announces Art is Ageless® winners Lawrence Presbyterian Manor hosted a reception in February for the winning artists in the annual Art is Ageless® juried competition. “We are honored to exhibit artwork by seniors,” said Angela Fonseca, marketing director. “Art is Ageless is unique in featuring only the works of artists age 65 and older. Our artists prove that art, in any form, is an ageless ambition.”
‘Joyful duty’
For the competition, works must have been completed in the past five years.Winners in this year’s Art is Ageless juried competition are:
It’s also a great opportunity to ask our residents how they have served their communities as volunteers. Audrey Mortensen responded to our request with this recollection of a lifetime of service.We appreciate Audrey and everyone who uses their time and resources to help others.Thank you!
Best of Show: Pat Rosell, “Autumn in the Country”
By Audrey Mortensen, resident
People’s Choice: Painting by Cecil Mashburn, “Family Gathering” WINNERS, continued on page 2
Resident recalls the pleasure and honor of volunteerism Each April, we honor our many wonderful volunteers here at Lawrence Presbyterian Manor.This year we’re planning a celebration for April 20 – watch for more details soon.
My parents, South Dakota farmers, served on various school and church boards, so we seven children just assumed that it was our “joyful duty” to volunteer to help wherever we could. DUTY continued on page 3
WINNERS, continued from page 1
People’s Choice: Painting by Pat Rosell, “Autumn in the Country” People’s Choice: Quilt by Effie Simmons, “Memory Quilt” People’s Choice: Mixed Media by Dottie Daugherty, “September Evening” Christmas (amateur): Jack Royce Smithson, “Christmas/Plaza Lights” Drawing (professional): Cecil Mashburn, “Cowboy Drawing” Mixed Media/Crafts (professional): Carole A. Peters, “Star”
Community Matters is published monthly for residents and friends of Lawrence Presbyterian Manor by Presbyterian Manors of Mid-America Inc., a not-for-profit 501(c)(3) organization. Learn more at PresbyterianManors.org. Christie Patrick, executive director Angela Fonseca, marketing director To submit or suggest articles, contact afonseca@pmma.org. Telephone: 785-841-4262 Fax: 785-841-0923 Address: 1429 Kasold Dr., Lawrence, KS 66049-3425 Our mission: We provide quality senior services guided by Christian values. LawrencePresbyterianManor.org
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Community Matters April 2017
Mixed Media/ Crafts (amateur): Dottie Daugherty, “September Evening” Painting (amateur): Pat Rosell, “Autumn in the Country” Quilting (professional): Karen Schorno, “Cairn of Stones”
Pat Rosell’s painting, “Autumn in the Country,” took Best
Local competition of Show as well as a People’s Choice ribbon and first place in the amateur painting category. winners will join winners from 16 other Presbyterian Manors of MidAmerica communities to be judged at the masterpiece level. Winning entries at the masterpiece level may be selected for publication in PMMA’s annual Art is Ageless calendar and note Karen Schorno won the quilting category, professional cards. division, for her quilt “Cairn of Stones.”
Started in 1980, Art is Ageless is an extension of Presbyterian Manors of Mid-America’s wellness programs. It encourages our residents and other area seniors to express their creativity through its annual competition, as well as art classes, musical and dramatic events, educational opportunities and current events discussions throughout the year. Like us on Facebook
DUTY, continued from page 1
Duane and I got married in 1955, and later when our three children reached school age, I served as the PTA president in grade school, junior high and senior high school. Plus, I was the citywide PTA Council president after that. Duane served as president of the Dubuque Library Board. We both served on many other community and civic boards, and in 1975 we jointly received the Dubuque Chamber of Commerce Distinguished Civic Service Award. We also enjoyed working in politics, and in 1976 we got to meet President Gerald Ford! In 1971 and 1975 we helped resettle two Vietnamese refugee families, and we still enjoy hearing of their successful lives in California. I served on the Iowa Commission on the Status of Women from 1982 to 1987, helping the Iowa Legislature develop new legislation to support women in Iowa. I traveled around the country from 1982 to 2009 on national church boards supporting theological education and ordination for women in the Lutheran Church. Since we love classical music, I worked with three women’s symphony auxiliaries from 1969 to 2010. We raised $600,000 for the symphonies in Dubuque, Iowa; Springfield, Missouri; and Columbia, Missouri. Every city has brought us new opportunities to get involved, have fun, and meet great new people, like at Lawrence Presbyterian Manor! Like us on Facebook
Your plain English guide to investment jargon By Jack Fehr for Next Avenue As the stock market continues its gyrations, now is a good time to buy an investment with a favorable NAV and alpha that keeps on giving while reducing beta. Got that? If not, don’t be embarrassed. Investment companies and financial advisers love to load up their materials with this kind of jargon. Too bad they don’t just say something like this (a plain-English translation of the first sentence in this article): “You might want to buy an investment that is likely to grow faster and experience less risk than alternatives.” Well, some actually do, but many still don’t. If companies aren’t willing to talk to you in a language you understand, it’s up to you to decipher their financial-speak. So, here are five of the more widely used, but not widely-understood, financial terms you should know: It’s a measure of investment performance adjusted for risk. Think of alpha as the two extra chocolates you happily found in your bag of candy. Alpha is like an overfilled box of chocolates, the part of your investment return that is more than a benchmark market index. For example, your large-company mutual fund may return 10 cents a share more than the Standard & Poor’s 500 Index — the benchmark to which you might compare the fund. Consequently, your alpha is 10 cents a share. If your mutual fund has an alpha of
0, that means its performance has matched its benchmark (before fees are taken out). Alpha is often used along with… Beta, which is a measurement of investment volatility or risk compared to the market overall. For example, when your investment’s beta is 2, that means its volatility, or risk, is twice as great as the volatility of the entire market. Tech stocks often have a beta of more than 1. A beta of 1 means your investment’s price will move as much as the market and a beta of less than 1 (such as what you’d find with many utility stocks) means your investment isn’t as volatile as the market as a whole. If you’re near retirement, keeping many investments with high beta probably isn’t wise, because you’re taking on extra risk. But if you’re younger and have time to weather market volatility, a little beta can be a good thing since it usually accompanies greater potential returns. When stock analysts look at specific companies with little regard to the overall economy or a broad industry, they practice the discipline known as doing a bottom-up analysis. JARGON, continued on page 4 Lawrence Presbyterian Manor
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Lawrence Presbyterian Manor 1429 Kasold Dr. Lawrence, KS 66049-3425 Return Service Requested
JARGON, continued from page 3
They’re looking at firms based on their “fundamentals” — things like their financial statements, their management and how their products or services are doing.
you to, say, shun all energy stocks at a given time. In other words, you’re avoiding the desert altogether.
It’s the opposite of…
NAV (Net Asset Value) Mutual fund managers and Exchange-Traded Fund (ETF) managers toss NAV around like it’s as familiar to you as your name. For many people, it’s not. But it is the figure calculated every day by funds and ETFs and the one that appears in financial listings and places like Morningstar.com that track these types of investments.
Some investment analysts, by contrast, use top-down analysis to identify hot or cold industries and economic trends. They might think a sector that’s currently cold could depress even the best stocks in it.
Net asset value is a mutual fund’s price per share or an ETF’s per-share value.You get it by dividing the value of all the stocks in the fund or ETF minus liabilities by the number of shares it has.
Using top-down analysis might lead
Here’s an example of how you’d find
It’s like looking for a grain of sand in the desert. For example, you might like to own Exxon-Mobil, no matter how the energy sector performs.
a fund’s NAV if it had $101 million in assets, $1 million in liabilities and 10 million shares: Subtract the $1 million in liabilities from the $101 million in assets to come up with $100 million. Then, divide that $100 million by the 10 million shares and you have a NAV of $10 per share. You’ll get more shares in a fund with a NAV of $10 than in a similar fund with a NAV of $11. Simple math. To complicate matters, shares of some mutual funds known as closed-end funds and ETFs can trade above or below their NAV. To learn more, check out mymoney. gov, the U.S. Securities & Exchange Commission, Investopedia.com and Investor.gov.
Father’s Day
We will be featuring summertime and Father’s Day in an upcoming issue of Community Matters. If you have a story to tell about a memorable Father’s Day or how your father influenced you, we want to share it. If summertime is your favorite time of year and you’ve got great memories to share, let us know. If you’ve got a story to share, contact Marketing Director Angela Fonseca and your story could be featured in an upcoming edition of Community Matters.
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Community Matters April 2017
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