Dear Friends and Family,

Spring is here! And just like the spring weather, the markets can be unpredictable and ever-changing. Larry has a few thoughts on this subject:

After observing market dips over my 40-year professional career, three thoughts come to mind:

First, the market experiences declines greater than the current dip on average once per year. While these drops can be uncomfortable to watch, they have not stopped the long-term performance of the U.S. stock — market which has significantly outperformed nearly all other investment options.

Second, market timing is, in my view, an oxymoron. A market is, by definition, the sum of all participants’ information and expectations. No single individual possesses enough insight to consistently and accurately time purchases or sales.

Finally, the “news” often credited with driving market movement is frequently outdated, incorrect, taken out of context — or all of the above. For example, in late March, February’s existing home sales were reported as having risen sharply, while new home sales reportedly declined. What wasn’t widely shared is that existing home sales reflect closings in February from contracts written during the unusually warm December and January months. Meanwhile, new home sales measure deposits made on new contracts in February — which was exceptionally cold. The solution: to buy and sell great companies, not markets.

Please enjoy the enclosed bookmark! On the back, we’ve included a few financial book recommendations for your spring reading pleasure. We’re also excited to share that our website — www.katzfamilyfinancial.com — has been recently updated and is now available to you anytime.

Sue recently presented a series of Women, Wisdom, and Wealth seminars in the D.C. area, which received overwhelmingly positive feedback. She’ll be returning to the East Coast shortly to host additional sessions. If you were unable to attend and are interested in a future event, please contact Julie for dates and times.

Sue will also be giving her Women, Wisdom, and Wealth seminar in San Francisco, California, on April 24, 2007. Please contact Vicki for time and location details.

We’d also like to share an important step you can take to protect your personal information. Many people don’t realize that credit bureaus (Equifax, TransUnion, Innovis, and Experian) sell your personal data to marketers — often without your knowledge. To reduce unwanted credit offers and the associated risk of identity theft, you can opt out of these lists by calling 1-888-567-8688 or visiting www.optoutprescreen.com. You can choose either a five-year or permanent option (the latter requires a signed form).

Opting out is a simple way to protect your privacy and reduce clutter in your mailbox.

Happy Spring

Warm regards,

Katz Family Financial