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Chornyak & Associates

614.888.2121  •  877.389.2121   •  Chornyak.com

November 2020

The book, The Intelligent Investor, was written more than 70 years ago, and the principles in his book are still highly respected today. Investing legend Warren Buffet, who studied under the author, called The Intelligent Investor “by far the best book about investing ever written.” Our first article summarizes some key points from that book. Hopefully you will find it interesting.

'Black Panther' star Chadwick Boseman recently died without a will. Our second article details why you should have an estate plan to avoid significant complexities for your loved ones. As always, please give us a call to discuss any questions you may have regarding your estate plan.

This month's "What's Happening Now" section shares interesting stories on how consumer credit is still improving during the pandemic, why everything is so much harder to buy right now, and how a New York couple was served a $2,000 bottle of Bordeaux in error after ordering a cheap bottle of wine.

We'd like to hear from you. Please feel free to contact us by phone at 
614-888-2121
, toll-free 877-389-2121 or e-mail chornyak@chornyak.com with any questions or comments.  Or, follow this link to request
a meeting with us to discuss your financial planning needs:  
https://www.chornyak.com/appointment-request
Sincerely, Joe
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Are You an Intelligent Investor?

Considered “the father of value investing,” Benjamin Graham wrote The Intelligent Investor more than 70 years ago, and the principles in his book are still highly respected today. Investing legend Warren Buffet, who studied under Graham, called The Intelligent Investor “by far the best book about investing ever written.”

Despite what you might think, being an intelligent investor is not about your IQ. Rather, it’s learning how to harness emotions and think for yourself. Let’s explore how to do just that, by leaning on Graham’s advice.

Read More

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‘Black Panther’ star Chadwick Boseman
died without a will. Here’s why you
should have an estate plan

When “Black Panther” star Chadwick Boseman died almost two months ago after a four-year battle with colon cancer, he didn’t have a will.

Now, the fate of at least part of the 43-year-old actor’s estate is left up to the courts. His wife, Simone Ledward, has asked to be named administrator with limited authority over the estate, which has an estimated value of nearly $939,000, according to court documents.

That isn’t necessarily the entirety of his estate. They are assets subject to what’s known as probate — the legal process of administering someone’s estate after death, requiring court intervention.

Read More


What's Happening Now

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Consumer credit is still improving amidst the pandemic: Here's how to keep your credit on track Why everything
from furniture to
diet soda is so hard
to buy right now
Couple at New York
eatery served $2,000
Bordeaux in error after
ordering cheap wine

Market Update

More tricks than treats for markets in October
October was a challenging month for markets. The strong start to the month was offset by rising COVID-19 case counts, which led to a sell-off at month-end. The S&P 500 lost 2.66 percent in October, while the Nasdaq Composite declined by 2.26 percent. The Dow Jones Industrials Average (DJIA) suffered the largest decline, losing 4.52 percent.
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Worsening public health outlook rocks markets
As we saw earlier in the summer, increasing medical risks created uncertainty and led to a rise in volatility. The number of new daily cases rose throughout October and finished the period at a new high. We ended the month with a seven-day average of more than 81,000 new cases per day, notably higher than July’s peak of approximately 69,000. This led to a rise in total active cases at month-end, after a period of stability throughout September and the start of October.
Read More


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