Scotts Valley students awarded for stunning academic turnaround
One was a girl who suffered from anxiety and fell behind academically, the other was a mechanically-inclined guy who couldn’t bring himself to do homework and ended up with failing grades. Both managed to turn things around in-class through senior year, while growing leaps...
SLVUSD faces decline in funding
San Lorenzo Valley Unified School District used to teach just under 2,300 students a year, but that’s dropped to around 2,100.
And, unlike in such districts as Los Gatos-Saratoga, where residents pitch in directly through property taxes, SLVUSD gets government education funding based on how...
Boy who was catalyst for change in Scotts Valley remembered a year after his death
A boy whose death spurred a series of changes in Scotts Valley—with educators placing a renewed focus on combating bullying—was honored Feb. 3 in a lunchtime ceremony at Scotts Valley High School.
Mateo Deihl, a freshman who died by suicide one year ago after experiencing...
Mr. Money
When Scotts Valley Market lowers the price of ice cream, shoppers will buy more ice cream. When the price is raised, shoppers buy less.That’s how it works in most parts of the economy, but not in the stock market – especially nowadays, as passively managed index funds have become overwhelmingly popular.An index fund is a mutual fund or exchange-traded fund (ETF) that aims to replicate the movements of an index, like the Standard & Poor’s 500, which is composed of the 500 largest U.S. companies. Index funds now account for 31-percent of fund assets, up from 14-percent in 2004.Two factors have caused this popularity: Low cost: Essentially, an index fund is managed by a computer. This is much less expensive than paying a professional manager to research companies and seek out growth and value, as actively managed funds do. Fees for passively managed funds are just 0.2-percent per year compared with 0.79-percent for actively managed funds, according to Morningstar. Better performance: Index funds have provided better investment results recently. Over five years up to the end of last year, 88.7-percent of fund managers investing in large companies underperformed the S&P 500.So, what’s the problem?My goal has always been to buy low and sell high. But that’s exactly the opposite of what index funds do.Index funds are “market capitalization weighted.” Market capitalization is the total value of the shares outstanding. If a company has 1 million shares outstanding and its shares sell for $10 each, then its market cap is $10 million.The bigger a company’s market cap, the more weighting that company has in an index. The more a company’s stock price goes up, the more shares of that stock an index fund has to buy. Stocks that go down in price see their market cap drop, so index funds have to reduce their weighting.In other words, index funds are required to buy high and sell low.The strategy has been working as more investors and advisors accept the idea that index investing is superior to actively managed funds or individual stock picking. The stampede of money into index funds drives them higher as they bid up the prices of a narrow group of richly valued companies.Instead of tried-and-true method of investing in companies with stock prices that are low relative to their current or expected profits, index funds invest in stocks simply because they have been going up.“When you buy index funds, you’re looking to the future through a rearview mirror,” said legendary investor Leon Cooperman last month on the TV show “Wall Street Week.”I’m not opposed to index funds, and many of my clients own them. They offer diversification for low fees. But low fees do not necessarily equal low cost. If a fund is buying stocks at inflated prices, then it’s not really a low-cost investment, even if the management fees are low.Maybe index funds will continue to outperform other investment strategies. But my experience has been that when a trend continues for years and gets too popular, and everyone accepts that what is happening now is the way it will always be, it’s time to think about alternate strategies.Mark Rosenberg is a financial adviser with Financial West Group in Scotts Valley, a member of FINRA and SIPC. He can be reached at 831-439-9910 or [email protected].
Kenny Hill guitars: world famous
After more than 30 years of following his musical passion, Ben Lomond resident and world-renowned classical guitar luthier Kenny Hill hasn’t dropped a beat.
District boots San Lorenzo Valley High School cheer team from practice space
San Lorenzo Valley High School varsity and junior varsity cheer squads have been practicing their aerials, basket tosses and roundoffs in the campus’s cafeteria since 1992. The space allows for throwing stunts into the air, storing and laying out the required heavy and expensive...
Get trees now, before they blossom
It’s been a weird winter, weather-wise, but aren’t they all one way or another? My flowering plum is blooming weeks early. I have an Autumnalis flowering cherry tree that blooms several times a year. The last blooming cycle started in late November and it’s still blooming now. This tree came into my life 20 years ago as a bare root tree. We’re old friends. Now is the time to add ornamentals and edibles like fruit, nuts, berries and vegetables while they’re available in bare root form. They are easy to plant, economical and establish quickly.
Scotts Valley Square trees returning
The Scotts Valley Square Shopping Center is currently undergoing Phase I of a remodel project and great things will be happening throughout the year. Don’t despair, although Phase I included removal of the hardscape in the shopping center, new plant material and colorful trees will be coming.
Just the Facts
This last week has been the longest month of my life. With the relentless firehose of updated COVID-19 information, shifting community expectations and rapidly-changing governmental instructions, we’ve gone from a population of residents who work at work, school at school and shop for just what’s needed to a community who works from home, schools at home and hordes toilet paper and sanitizing spray like those doomsday preppers you mock on A&E.Lines outside of Safeway at 5:30am. People fighting over Lysol and Clorox bleach. Non-essential stores closed, Starbucks stacking their tables and chairs to avoid in-store consumption and local residents carrying a digital thermometer in their purse. (Someone else is doing that besides me, right? Anyone?) The collective weight of the evolving coronavirus pandemic has displaced our societal norms with a freakishly dystopian scene, and left us wondering what might come next in the fight against this rapidly spreading illness.I don’t know what’s coming next, but I can tell you where we are as of Tuesday, March 17th at 8pm. Things will keep changing—the majority of this article may even be old news by the time you get your hands on this edition—but the Press Banner is going to publish updates, both in the print edition and online. Cuddle up to your pet, your significant other or your freshly disinfected iPhone, and let’s get the latest.Internationally: Americans who are returning to the U.S. from traveling within high-risk areas are required to fly into one of just 13 international airports. The list—and additional information on restrictions being instituted by other countries—can be found at: https://www.nytimes.com/article/coronavirus-travel-restrictions.html.Nationally: There are plenty of actions being considered and implemented, including:• The chief of the Center for Disease Control, Dr. Robert Redfield, has agreed to provide free testing for COVID-19, regardless of insurance coverage or the ability to pay (with thanks to tough-as-nails Southern California Representative Katie Porter for backing Redfield into a corner during a Congressional hearing that left the chief sinking into his seat).• Treasury Secretary Steve Mnuchin is planning to institute a payroll tax holiday, which could feed $1,000 into the pockets of every American adult within the next two weeks. Mnuchin has estimated that unemployment could reach 20% nationwide, with residents unable to afford basics like rent, food and utilities. Ideas for an additional stimulus bill are expected to be submitted to the Senate this week.• The Senate is being told by Leader Mitch McConnell to gird their loins and pass the Coronavirus relief deal this week, after it passed the House with unanimous consent.• Schools across the country are closing, as parents scramble to find care for their children and teachers prepare to merge into an online teaching platform.• Social distancing is being requested, with a minimum of six feet between individuals in public spaces.• Ohio’s governor closed voting sites due to fears of viral spread, and the most recent Democratic debate between Joe Biden and Bernie Sanders was held sans audience.• All nonessential airline travel is being discouraged, and U.S. airlines are seeking over $50 billion in bailouts. Boeing is requesting over $60 billion from the U.S. government. Locally:• Residents of Santa Cruz and Santa Clara counties are being told to shelter-in-place. Essential businesses must remain open, including:• Healthcare operations and infrastructure (hospitals, utility PG&E)• Grocers, farmers’ markets, farm and produce stands, food banks, convenience stores, and other retailers selling food — including those that also sell products aside from food• Food cultivation businesses (farming, fishing)• Businesses or organizations providing social services, food or shelter to the needy• Newspapers, television, radio and other media• Gas stations and auto-related businesses, including repair shops• Banks and financial institutions• Hardware stores• Plumbers, electricians, and other service providers that keep businesses running• Shipping and mailing businesses• Educational institutions — like schools — to provide distance learning and other essential functions• Laundry services (laundromats, dry cleaning companies)• Restaurants for delivery and take-out only• Businesses that supply people with items required to work from home, or businesses that supply essential businesses with necessary supplies• Businesses that ship groceries and supplies directly to homes• Airlines, taxis, and private transportation services• Home-based and residential care for seniors, adults and kids• Legal and accounting services that keep businesses in compliance• Childcare facilities, with certain stipulations, like only having groups of 12 kids together at a time• Both Santa Cruz and Santa Clara Counties are recommending self-isolation for people over 65, and those with serious chronic medical conditions or compromised immune systems.• Gatherings of fewer than ten people are permitted, and those who are planning large events (weddings, graduations, reunions) are asked to postpone or cancel them.• Restaurants that have remained open are permitted to offer take-out and delivery only; no dine-in option is available.• Santa Cruz County schools (in addition to other county schools) are currently closed through March 20th, but the word on the street is that Governor Gavin Newsom is considering extending that closure thru summer. (https://abc30.com/california-governor-gavin-newsom-warns-parents-to-be-prepared-for-schools-to-not-open-until-after-summer-break/6022808/)What can you do to help?• Follow the recommendations of the CDC, World Health Organization (WHO) and the scientific community by practicing social distancing, staying at home as much as possible and following updated guidelines as they become available.• Wash your hands, use hand sanitizer, wipe down surfaces with virus-killing antiseptics and keep your hands away from your face.• Stay hydrated, get plenty of rest, and try to get outside each day for some sunshine and fresh air.• If you have symptoms of coronavirus (fever of 101 degrees or higher, dry cough, shortness of breath), follow the CDC’s recommendations: https://www.cdc.gov/coronavirus/2019-ncov/if-you-are-sick/steps-when-sick.html• For answers to frequently asked questions, visit https://www.cdc.gov/coronavirus/2019-ncov/faq.html• Finally—don’t publish alternative facts. If you see something online that you just have to post on Facebook, double-check the accuracy of the information to avoid spreading rumors and upping the panic quotient in our community.Look—we’ve been through a lot together. Earthquakes and mudslides, power outages and closed highways. This is difficult, but strong communities are a force of nature, and by staying informed and providing support to those who need it, we’ll make it through this, too.There is SO much more to know—we could do an entire edition on just COVID-19—but as things change, we’ll keep you updated. Be well, stay hydrated, stay at home (except for that daily dose of sunshine, exercise and Vitamin D) and wash. your. hands.
Valley People: Twin Lakes pastor brings energy, enthusiasm to county flock
Rene Schlaepfer, senior pastor of Twin Lakes Church in Aptos, has an incredible ability to reach out and transform others with his message about God's unconditional love and grace. He is known for his practical, relevant teaching, and contemporary style as well as for the enthusiasm and high energy he brings to his countywide congregation — which includes many from the Scotts Valley and San Lorenzo Valley.
Wildfire between Felton and Scotts Valley quelled
A wildfire that broke out between Felton and Scotts Valley midday Friday was quickly contained at 2.3 acres, as firefighters sought to quell flames...