I am passionate about helping people accomplish far more than they ever thought possible with their personal finances. It is because I firmly believe that when people are financially free, they are much more likely to go do EXACTLY what they have been put on Earth to do! Chances are that you believe the same since you are a reading this blog! I am so blessed to be given the opportunity to speak and teach at so many locations throughout the nation, and it looks like Fall 2010 will be the busiest yet! Below are the scheduled events, and we are nailing down the dates on several more.
I would be honored to have the opportunity to speak and teach at your church or business – just fill out the contact form HERE to get started!
July 25, 2010 Speaking First Baptist Simpsonville Simpsonville, SC
August 11, 2010 Speaking Stewardship Challenge Minneapolis, IN at Pentecostals Of The World Conference
July 23, 2010 Speaking Palmetto Christian Business Network Greenville, SC
September 19, 2010 Speaking Messiah Lutheran Church Midlands, MI
September 26, 2010 Speaking NewSpring Church Anderson Campus Anderson, SC
October 17, 2010 Speaking Lifepoint Church Fredericksburg, VA
October 23, 2010 Speaking Messiah Lutheran Church Midlands, MI
All I can say is, “I can’t believe I get to do life-changing work for a living!”
I am excited about the opportunity to invest in church planters as part of the ConnectNC Church Planters Leadership Network in November. This network kicks off on August 19th and meets monthly for six consecutive months. If you are church planter in the triad and triangle areas, I highly recommend that you participate in this learning opportunity.
There are even scholarships available:
- The NC Baptist State Convention is offering $250 scholarships to the first 20 church planters. Cost with scholarship is only $250
- The Piedmont Baptist Association is also offering $125 scholarships to the first 20 PBA church planters
- Both scholarships are available (in couponing world we call this “stacking” coupons) if a church planter is part of both organizations
Learn more by visiting the following sites:
This is a continuation of The Mutual Fund Series here on JosephSangl.com.
During each part of this weekly series, we will be looking at a specific mutual fund company.
Today’s company is Janus.
Janus Capital Management is a subsidiary of Janus Capital Group, Inc. that is based in Denver, Colorado and it was founded in 1969 by Thomas Bailey. Janus Capital Group, Inc. is comprised of Janus Capital Management LLC, INTECH Investment Management LLC, and Perkin Investment Management LLC. All three of these subsidiaries currently manage $165.5 billion. Janus Capital Management handles balanced, alternative, fixed-income, and money market funds.
What I Like About Janus Funds
- Intensive Research – Janus is a devoted to thorough research of each stock they invest in. Millions of dollars are spent each year for research purposes.
- Employee Investments – Janus requires every mutual fund employee to invest in the funds they represent in order to ensure that the interest of the employees is always in alignment with the interest of the clients.
- Award-Winning Funds – Janus has been recently honored by Lipper with awards for delivering consistently strong risk-adjusted relative performance and the company has won multiple awards for individual funds. Around 95% of Janus’ funds are no-load.
- Rejecting Buyouts – Janus Capital Group rejected buyout offers from MassMutual and FranklinTempleton, which is extremely important for their hometown Denver, CO. Even though Janus is a smaller fund company compared T. Rowe Price, FranklinTempleton, and Oppenheimer, the company has seen growing fund performance rates in the past few months, giving Janus hope of staying independent.
Something To Consider
- Reputation – Unfortunately, Janus was involved in the mutual fund scandal in 2003 by allowing favored clients to participate in illegal market timing trading. Janus eventually agreed to a $226 million settlement with federal and state regulators in 2004. Even though Janus seems to be showing great fund performance now, investors should always be cautious.
Janus Mutual Funds I Own
I do not currently own any Janus mutual funds.
Janus Mutual Fund To Look At
Janus Advisor Large Cap Growth [Ticker: JDGAX]- The objective of this fund is long-term growth of capital by investing in common stocks with growth potential. This fund’s inception date was February 5, 1970. It has an annual expense ratio of 1.04%, an average annual return of 12.06%, and a minimum investment of $2,500. Morningstar gave this fund a 3-star rating.
NOTE: Clemson student Anna Briscoe, a senior majoring in Economics with a minor in Financial Management has been so gracious to research and write the majority of this post.
President Obama has appointed a national debt commission [National Commision on Fiscal Responsibility and Reform] to determine a plan of action to reduce our annual deficits to 3% of the national economy by 2015. The two leaders of this commission, Republican Alan Simpson and Democrat Erskine Bowles delivered the report. You should take the three minutes to read it HERE.
Statements that stood out to me:
- “This debt is like a cancer,” Bowles said in a sober presentation … “It is truly going to destroy the country from within.”
- Bowles said if the U.S. makes no changes it will be spending $2 trillion by 2020 just for interest on the national debt. “Just think about that: All that money, going somewhere else, to create jobs and opportunity somewhere else,” he said.
- “What we do is not so hard to figure out; it’s the political consequences of doing it that makes it really tough,” he [Bowles] said.
My thoughts …
If it takes tax increases to eliminate this debt, then let my generation be the one that pays for it. As long as I see the national debt declining, a balanced budget, and a future with lower taxes and zero national debt – I’m in.
Bowles said, “It’s the political consequences of doing it that makes it really tough.” If we get enough people on this crusade to accomplish far more than they ever thought possible with their personal finances, there would be no negative consequences for doing the right thing.
I was enchanted to find out that the United States Treasury provides an on-line avenue whereby we can all make a contribution to reduce the public debt (HERE). You can also choose to make a contribution when filing your taxes each year.
Let’s see … I can contribute to reduce the public debt when the public debt is increasing at a rate of approximately $4.12 billion/day. I am going to have to make a contribution of $4.13 billion per day just to reduce the debt.
This crusade appears to have never-ending work – I need your help to change this!