July 2018
An exclusive magazine serving the residents of Chatham, New Jersey
www.ChathamLivingNJ.com
On the Field and on the Road with the Tracey Family
Beat the heat—create shade! | Page 14 How does the business cycle impact stock selection? | Page 10
Cover photo by Oijoy Photography July 2018 | 1
EXPERT CONTRIBUTORS
ORTHODONTICS Dr. Barbara Fodero, DDS, MS Chatham Orthodontics 33 Main Street, Chatham, NJ 973-701-2200 www.chathambraces.com
To learn more about becoming an expert contributor, contact John White at jwhite@bestversionmedia.com or 973-964-6446.
COSMETIC NON-INVASIVE AND INVASIVE SKIN PROCEDURES Dr. Oleh Slupchynskyj, MD, FACS Chatham MediSpa 552 Main Street, Chatham, NJ 973-966-1000 www.facechange.org/medispa/
Dr. Barbara Fodero has provided orthodontic treatment for children and adults for over 17 years. She earned her dental degree from the University of Michigan, graduating first in her class, and continued there to complete three years of training in the specialty of orthodontics.
TRAVEL
Chatham MediSpa is a full service medical spa offering non-invasive services such as Botox, Dermal Fillers, Skin Laser treatments, SculpSure, and more. Led by renowned facial plastics specialist, Dr. Oleh Slupchynskyj, we are at the cutting-edge of facial anti-aging techniques, such as Fat Transfers and Non-Surgical Facelifts.
Avenue Travel Group 62 Main St, Madison, NJ Powered by American Express...
973-822-3222 www.avetravelgroup.com
REAL ESTATE Victoria & Peter Fife Turpin Realtors 973-462-6057 Fifeandfife.com
We live here, we work here, we play here. Full-time, local real estate agents with Turpin Realtors in Chatham, representing buyers and sellers in the community we love since 1990.
WEALTH MANAGEMENT Chatham Wealth Management 10 Town Square #100, Chatham, NJ 800-472-8086 www.chathamwealth.com Chatham Wealth Management is a SEC registered investment advisor serving high net worth individuals, retirement plans and trusts. Our expert portfolio managers and financial planners average more than 25 years of investment experience.
2 | Chatham Living
A full-service American Express Travel Agency, the experienced local professionals at Avenue Travel Group offer personalized service with global influence. They are cruise, honeymoon and destination wedding specialists providing Caribbean packages, European tours, escorted and independent custom tours to worldwide destinations with competitive pricing.
Law Offices of Rosemary Stone-Dougherty
LEGAL REAL ESTATE Rosemary Stone-Dougherty, Esq. NJ & FL Bar Member 54 Main Street, Chatham, NJ 973-635-0300 rsdlawfirm@aol.com www.rsdlawfirm.org
Based in Chatham, Rosemary proudly offers exceptional legal assistance for your real estate transactions. To Rosemary, the key to success is keeping you informed and educated, while protecting you as you move forward through the legal processes of buying, selling, or making improvements to your home.
FAMILY DENTISTRY Dr. Jacqueline S. Reid DDS 390 Main Street, Chatham, NJ 973-635-9456 www.jacquelinesreiddds.com Since 1998 our office has proudly provided high quality dentistry in Chatham and surrounding areas. Services include all aspects of modern dentistry as well implant restorations and prosthetics, cosmetic restorations. Dr. Reid is on staff at Robert Wood Johnson University Hospital as director of the dental residency training program.
Dear Residents,
Publication Team
July - a great month, and no doubt, a great time for travel for many of us to all parts of the USA and beyond! It certainly is for our cover family, the Traceys, who have logged about 20,000 miles in the past few years having gone to Yellow Stone, the Grand Canyon and other fantastic spots, combined with their love of soccer! Check out their story starting on page 4.
Advertising
Noe Pond has quite a history. Lewis M. Noe purchased the tracts of land near the pond before the American Revolution and it was used for irrigation, ice, and for swimming, of course. Around 1955 or so the area evolved into the Noe Pond Club. Thank you to the Chatham Township Historical Society for another interesting article on page 7.
Publisher: John White Content Coordinator: Stacey McEvoy Designer: Tom Zielinski Contributing Photography: Oijoy Photography
Contact: John White Email: jwhite@bestversionmedia.com Phone: 973-964-6446
Feedback/Ideas/Submissions:
Have feedback, ideas or submissions? We are always happy to hear from you! Deadlines for submissions are the 25th of each month. Go to www.bestversionmedia.com and click “Submit Content.” You may also email your thoughts, ideas and photos to: smcevoy@bestversionmedia.com.
Important Phone Numbers:
Chatham Emergency Squad 973-377-1131 Chatham Borough Police Department 973-635-8000 Chatham Township Police Department 973-377-0100 Chatham Borough Fire Department 973-635-9090 Chatham Township Volunteer Fire Department 973-377-0100 Green Village Fire Department 973-377-7073 Chatham Borough Hall 973-635-0674 Chatham Township Municipal Building 973-635-4600 School District of the Chathams 973-457-2500 Library of the Chathams 973-635-0603 Senior Services Center of the Chathams 973-635-4565/4556 Board of Health (Madison Health Department) 973-593-3079 Chatham Borough Recreation Coordinator 973-635-7066 Chatham Township Recreation Coordinator 973-635-3201
Several articles by our contributors this month include a very interesting article by Brian McGeough from Chatham Wealth Management with a historical perspective on stages in economic cycles on page 10. And check out the Chatham Real Estate Market update on page 17. Borough prices are up about 9% and Township prices are up a whopping 18%! Exciting news for us is that you can read Chatham Living online now! Go to www.chathamlivingnj.com to read the magazine on your desktop, tablet or mobile device, with the ability to click on URLs should you want to check out additional information on stories or our sponsors’ websites.
Happy 4th of July to all!
John White, Publisher
Content Submission Deadlines: Content Due: November 25 December 25 January 25 February 25 March 25 April 25 May 25 June 25 July 25 August 25 September 25 October 25
Edition Date: January February March April May June July August September October November December
Any content, resident submissions, guest columns, advertisements and advertorials are not necessarily endorsed by or represent the views of Best Version Media (BVM) or any municipality, Any content, resident submissions, guest columns, advertisements and advertorials are not homeowners associations, businesses or organizations that this publication serves. BVM is not necessarily endorsed by or represent the views of Best Version Media (BVM) or any municipality, responsible for the reliability, suitability or timeliness of any content submitted. All content homeowners associations, businesses or organizations that this publication serves. BVM is not submitted is done so at the sole discretion of the submitting party. responsible for the reliability, suitability or timeliness of any content submitted. All content © 2018 Best Version Media. All rights reserved. submitted is done so at the sole discretion of the submitting party. © 2017 Best Version Media. All rights reserved.
July 2018 | 3
RESIDENT FEATURE
MEET THE TRACEY FAMILY By Stacey McEvoy | Photos by Oijoy Photography
T
he Tracey family name is undeniably linked to soccer in this town, no doubt. Jesse Tracey is the president of Chatham United Soccer, which has travel and recreation components, but….did you know that the Tracey family has crisscrossed the country from sea to shining sea in their pursuit to see America the beautiful, covering approximately 20,000 miles in three summertime cross-country trips? Here’s the best part: They traveled in their minivan. No flying. Just driving. Jesse, Rania and their four kids Colin, Aidan, Lauren and Landon. The family’s first trip was in the summer of 2013 to Yellow Stone National Park and Grand Teton National Park in Wyoming. “We had been talking about doing this trip but hadn’t done it. We decided to stop procrastinating and to just do it, saying it would be a once in a lifetime trip,” says Rania. It was a spectacular trip with a breath-taking slide show, produced by the couple, to memorialize the event. Put a check in the box. It was done. Then, two summers later, thinking about how their eldest child would be a high schooler in a couple years and how time was flying by, they thought about heading across the country again. One more trip like this, they said…which led to hitting the road for Grand Canyon National Park in Arizona. “You start to fall into a rhythm,” says Rania, adding that while digital devices help in the back seat, everyone is exhausted after each day’s adventure, whether hiking a park, biking a path or walking around a museum. “Driving is down time,” she says. Not missing a beat, Jesse says, “When you’re going through the Moab Desert in Utah and it’s 105 degrees, you are kind of happy to be in the car with air conditioning.” 4 | Chatham Living
The family had caught the road trip bug in a big way and they had an effective process in place: All hotels are booked before leaving Chatham; but, each day is not planned—and they stick to a regular meal time. “You also have to get the kids’ input otherwise they’re not going to be as engaged. You really have to mix it up so that there’s something for everyone,” Rania says, noting the advantages that technology provides modern day travel. “You can plug into your phone ‘Route 70 in Kansas with kids.’” The Traceys usually drive about four hours in the morning to a destination where they stay for a few days. They stop for picnic lunches on the road, maybe a spot next to a river for example, and then on to the day’s adventure or attraction before returning to the hotel for dinner and sleep. Ready to embark on their third and most ambitious trip, last summer they pushed all the way to Los Angeles and San Diego. “It’s not as hard as some people may think,” Rania says. “We take our time…and it’s about the journey not the destination.” As a family, the Traceys have explored more than 30 National Parks and have been to about 40 states. “We try to mix nature with cities on our trips,” says Rania, who grew up traveling extensively. She’s been to every state in the country, all the Canadian provinces that touch the U.S. and spent two months on a European excursion traveling around in a green camper that her parents bought when they arrived in Europe. Colin, 15, who will be a Chatham High School sophomore in the fall and Aidan, 13, who will be a Chatham Middle School 8th grader, will wing their way to Europe this month, too. Colin will spend
2 ½ weeks in England on an educational/ cultural experience at the University of Oxford’s Great Books Summer program, which includes trips to historic Bath for a tour of the Roman Baths, Stonehenge and the Royal Shakespeare Theatre in Stratford-upon-Avon to see Macbeth. Jesse had done a similar trip when he was in high school. Aidan, who shares an interest in World War I battlefields with his grandmother, will set out on his journey this month with Jesse’s parents for the 100th anniversary of the end of World War I to visit battlefields and memorials in Belgium and France. “We found a silver lining in the video gaming world,” says Rania, with a laugh, explaining that a video game was the catalyst for Aidan’s curiosity about the Great War’s battlefields. Rania grew up in Warren and Jesse in Maplewood. They graduated from Rutgers University and then went on to earn their MBAs in accounting from Rutgers. Although they had lived in the same dormitory during some of their undergraduate years, the two didn’t formally meet until they were in business school and sat next to each other in class
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July 2018 | 5
RESIDENT FEATURE and were part of the same study group. After graduating the program in 1996 and marrying three years later, they moved to Chatham in 2000 and started their family shortly after. The Tracey’s two youngest children are Lauren, 11, who will be a 6th grader at Chatham Middle School and Landon, 8, who will be a 3rd grader at Milton Avenue School. All four Tracey children play soccer. Colin, who formerly played for Chatham United now plays for the high school. His siblings play for Chatham United. It was a natural fit for Jesse, who had a house full of soccer players and was a believer in parent involvement, to become a volunteer with Chatham United, which is a parent volunteer-led nonprofit organization that provides opportunities for hundreds of Chatham children to play soccer. Four years ago, Jesse took the reins as president at a time when private clubs were popping up all over. There are presently four operating within a 5-mile radius of Chatham. “I thought I could make a difference,” says Jesse who notes Chatham’s long, rich tradition of quality soccer with strong players. “The club has grown even in the more and more difficult environment,” he says, explaining that it used to be that the best of the best players would be the only ones to leave town clubs for private clubs. “It’s not about winning all the time. The most important thing is that the kids love the game of soccer—that they improve, develop and have fun,” says Jesse. “The best players are the kids that love the sport so much that they spend ten times more time playing soccer on their own outside of their practices and clinic times.” As soccer is a multi-season sport, Jesse says that it’s difficult to be competitive without offering a multiseason opportunity to players. At the same time, he says the club encourages their members to play other sports. “Ultimately, it makes kids better soccer players.” “Jesse’s heart is in the program,” says Rania. “He’s passionate about it and spends a lot of time working on it.” But, the job certainly doesn’t come without stress as it is a year-round commitment with spring and fall seasons for both the travel and recreation programs, field scheduling, recruiting 6 | Chatham Living
Tracey kids in Moab, UT.
volunteers, the signing of contracts with trainers and, of course, tryouts and team placement for the travel program. “The goal is to make it an overwhelmingly positive experience for the kids and it usually is,” he says. And, coming this fall, Chatham United is offering a wonderful new program, TOPSoccer, an official US Youth Soccer program that enriches the
?
lives of athletes 5-15 years old who are physically or mentally challenged. Jesse notes that he couldn’t do the job without the dedication of more than 200 coaches across the recreation and travel programs. Oh, and for those who are wondering if Jesse holds down another full-time job that actually pays—yes, he does! �
We would like to thank Salerno Duane Inc. in Summit for bringing you this month’s cover story.
Do you know a neighbor who has a story to share? Nominate your neighbor to be featured in one of our upcoming issues! Contact us at smcevoy@bestversionmedia.com.
A POND FOR ALL SEASONS: NOE POND Contributed by Sheila Goggins, Chatham Township Historical Society
Local girls: Olive Ogden, Lois Hogan & Mariam Miller ready to swim at Noe Pond, c.1920 (Courtesy of Chatham Township Historical Society)
Noe Pond ice houses: Undated photo (Courtesy of Chatham Township Historical Society)
N
oe Pond has played a significant part in the history of Chatham Township. The Noe Pond is currently a central fixture to the Noe Pond Club, providing a swimming source that has brought recreation to many people since its incorporation in 1955. Prior to that, the pond served as a sustainable resource to the residents of Chatham Township. The Noe Pond is considered a pre-revolutionary pond. For the Noe family who settled in Chatham Township and acquired land until the Noe farmstead became an 800-acre farm, the 3-acre pond was an essential part of their life.
Swimmers at Noe Pond. Photo by Harry Dorer for Newark Sunday Call (Courtesy of Chatham Township Historical Society)
his wife Nancy Tasman Brower and Bailey Brower’s cousin, Jack, and his wife, Ruth, joined together to purchase 35 acres around the pond from the Noe Pierson Corporation to form a club. The Noe Pond is commemorated on marker No. 5 in the Chatham Township Marker Tour and is a part of the Chatham Township Driving Tour App. The member-owned nonprofit Noe Pond Club is a wonderful respite for many throughout the year. Where ice was once harvested to keep a community thriving, people now swim and skate and enjoy this historic special place in Chatham Township.
Lewis M. Noe purchased the tracts of land near Noe Pond before the American Revolution. Mr. Noe was a visionary man who saw the potential of the land before him and the gifts and resources that the land could provide to his family and others as well. The pond provided water for irrigation of the land itself, water for the potential of putting out fires, a cool spot for hot summer days for children and adults alike and also a source of ice for not only his own family and their dairy and greenhouse businesses but also for the town as well. Ice from Noe Pond was stored in buildings called Icehouses. Ice was harvested from Noe Pond in the winter months when the pond ice had frozen to a thickness of a foot. Before the discovery of electricity and refrigeration ice was a valuable commodity. Workers from the Noe farm would cut the ice into blocks. The ice was removed with wooden poles that had iron spikes on the tips of the poles. The method was to form a type of water channel along the area where the ice blocks were cut, so the ice could be removed in blocks from the pond. The ice blocks would then be pulled out and put on troughs that transported the ice to the icehouses. At the icehouses, the workmen packed saw dust around the ice to keep it from melting. The red icehouses were located on the sides of Noe Pond. The Noe family also had an auxiliary icehouse near their home for their own needs. The rose and dairy businesses thrived with the production of ice on the Noe farm. The Noe’s also were a source of ice for the Township of Chatham and some surrounding communities for their own iceboxes. As industry and change made its mark on Chatham Township, the Noe descendants formed the Noe Pierson Corporation and began to sell off their land to developers. One section of the land that was not sold to the developers was Noe Pond and some of the land surrounding the Pond. In 1955, Bailey Brower, Jr. and
Peter & Victoria Fife
Sales Associates Peter 973-462-7458 l Vicki 973-462-6057 Office: 973-635-5555 FifeandFife@turpinrealtors.com For over 25 years we have moved people in...moved people out... and moved people around the Chathams. Let us know when it’s your time to move.
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July 2018 | 7
CALENDAR OF EVENTS
JULY
Now through Sun., July 29 THE SERVANT OF TWO MASTERS @The Shakespeare Theatre of New Jersey, 36 Madison Ave. in Madison Last seen eight years ago at The Shakespeare Theatre's Outdoor Stage, we'll present a fresh new production of this 272-year-old slapstick comedy. This wild Italian romp will pull you in as Truffaldino makes the audience privy to and complicit in his increasingly complicated attempts to serve two masters at one time. Don't forget to pack your picnic for al fresco dining as we transport you to 18th century Venice. Young people 18 and under attend for FREE! Tickets available at ShakespeareNJ.org or by calling the Box Office at 973-408-5600. www.ShakespeareNJ.org Sat., July 7 FARMERS’ MARKET @Chatham Train Station parking lot Time: 8 am-1pm www.chathamborough.org
Mondays and Wednesdays, July 9 through July 25 CHESS FOR KIDS @Library of The Chathams Registration open now; Players must be able to attend all 6 classes. Group 1: Players with little or no experience with chess; 4 – 4:45 pm; Suggested ages 5 to 8; Limit: 12 children Group 2: Players who can finish a game with checkmate; 5 – 5:45 pm; Suggested ages 8 to 10; Limit: 16 children
Tree Trimming & Removal Storm Damage Clean Up Stump Grinding Professional & Reliable CERTIFIED ARBORIST
Wed., July 11
www.chathamlibrary.org
Time: 7pm
Mon., July 9 CHATHAM BOROUGH COUNCIL MEETING @Chatham Borough Hall Time: 7:30pm www.chathamborough.org
TEEN MOVIE NIGHT: LEMONADE MOUTH @Library of The Chathams Time: 7pm
@Library of The Chathams Join us for an evening of your favorite songs. Local rock band Rewind will perform classic rock music from the 50s, 60s and 70s on the library’s lawn (you may bring a chair or a blanket). In case of inclement weather, the concert will be held in the Lundt Meeting Room. www.chathamlibrary.org Fri., July 13 CHATHAM BOROUGH RECYCLING PICKUP www.chathamborough.org Fri., July 13 CHATHAM TOWNSHIP RECYCLING PICKUP
www.chathamlibrary.org
Sat., July 14
www.chathamtownship-nj.gov
FARMERS’ MARKET
@Library of The Chathams Time: 3-5pm For students entering Grade 12. Grade 11 students will only be accepted if space permits. Attendance at all 3 classes required. Limit: 12 students. Registration is now open.
8 | Chatham Living
CLASSIC ROCK CONCERT WITH REWIND
When five ragtag freshmen first meet in detention, it seems they have nothing in common. But, through music, they form an unbreakable bond and discover they have the makings of the greatest high school garage band in history! Refreshments will be served.
Tues., July 10, 17 & 24 COLLEGE ESSAY WRITING WORKSHOP WITH ALISHA DAVLIN
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www.chathamlibrary.org
This summer’s classes, led by Chess Expert Sean Finn, will take place twice a week. The last class on July 25 will be a tournament for children in both groups, from 3 to 6 pm.
Tues., July 10
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@Chatham Train Station parking lot Time: 8 am-1pm www.chathamborough.org Mon., July 16 TOUCH THE MUSIC: WHAT IS MUSIC? @Library of the Chathams Time: 4 pm Ages 6 to 10; Limit: 30 children; Registration opens Mon., July 2
Touch the Music owner Claudia Lemmerz will discuss where music comes from, how it affects our lives and what people like about music. She will bring a variety of musical instruments for everybody to try out. Come and make some music! www.chathamlibrary.org Wed., July 18 through Sun.-Aug. 5 TITUS ANDRONICUS @The Shakespeare Theatre of New Jersey, 36 Madison Ave. in Madison Not seen at The Shakespeare Theatre of New Jersey in over 30 years, Shakespeare’s infamous play was wildly popular with the Elizabethan audience. Now might be just the right time to present this rarely-produced play given our similar modern appetite for revenge epics. This unsettling portrait of a society drowning in violence and seemingly bereft of civil thought or action holds a disturbing mirror up to aspects of our current world. Performances begin July 18 through Sun., Aug. 5. Tickets available at ShakespeareNJ.org or by calling the Box Office at 973-408-5600. www.ShakespeareNJ.org
Erica Pizza, learn to use acrylic paint on canvas to create a beautiful sunset scene with a lighthouse on the horizon. Bring your creativity and willingness to learn. All materials will be provided for you to create your masterpiece! Ms. Pizza is an art teacher who specializes in painting, ceramics, and portfolio preparation for students.
@Township Municipal Building Time: 7:30pm www.chathamtownship-nj.gov Thurs., July 19 TEEN PAINTING NIGHT: SUNSET ON THE BEACH @Library of The Chathams Time: 6:30-8:30 pm Ages 13 & Up; Limit: 10 students; Registration opens Thurs., July 5 Following the guidance of art teacher
@Chatham Borough Hall Time: 7:30pm www.chathamborough.org
www.chathamlibrary.org Fri., July 20 CHATHAM BOROUGH RECYCLING PICKUP www.chathamborough.org Sat., July 21 FARMERS’ MARKET @Chatham Train Station parking lot Time: 8 am-1pm www.chathamborough.org Mon., July 23 ROCK PAINTING FOR TEENS @Library of The Chathams Time: 3:30-4:30 pm
Thurs., July 19 CHATHAM TOWNSHIP COMMITTEE MEETING
Mon., July 23 CHATHAM BOROUGH COUNCIL MEETING
Grades 6 to 12; Limit: 15 teens; Registration opens Monday, July 9 Paint a rock with anything from an inspirational message to your favorite animal. We will provide all the materials, just bring your creativity! www.chathamlibrary.org
Wed., July 25 ONE FINE TAPESTRY: A CAROLE KING TRIBUTE @Library of The Chathams Time: 7pm Gerard and Diane Barros will salute the legendary singer/songwriter Carole King and perform her great solo hits as well as the classics she wrote for other artists including the Drifters, the Shirelles, the Chiffons, the Beatles, and James Taylor. Please join us on the library lawn (you may bring a chair or a blanket). In case of rain, the concert will be held in the Lundt Meeting Room. www.chathamlibrary.org Fri., July 27 ROCK CANDY CUPCAKES FOR TEENS @Library of The Chathams Time: 3:30-4:30pm Ages 12 & Up; Limit: 12 students; Registration opens Fri., July 13 Decorate cupcakes to look like candy rocks and use fondant and icing to make a geode you can eat! www.chathamlibrary.org Fri., July 27 CHATHAM BOROUGH RECYCLING PICKUP www.chathamborough.org Fri., July 27 CHATHAM TOWNSHIP RECYCLING PICKUP www.chathamtownship-nj.gov Sat., July 28 FARMERS’ MARKET @Chatham Train Station parking lot Time: 8 am-1pm www.chathamborough.org Mon., July 30 through Wed., Aug.1 BASIC SCRATCH PROGRAMMING @Library of The Chathams Time: 4-6pm Ages 8 to 12; Limit: 10 children; Registration opens Monday, July 16 Must be able to attend all three classes Learn basic scratch programming in a simple and fun way. Get acquainted with various programming skills and the process of design. No prior experience required. www.chathamlibrary.org July 2018 | 9
EXPERT CONTRIBUTOR
TYPICAL BUSINESS CYCLE
Inflationary Pressures Red = High
EARLY
HOW THE BUSINESS CYCLE IMPACTS STOCK SELECTION
MID
• Activity rebounds (GDP, IP, Incomes • Credit begins to grow • Profits grow rapidly • Policy still stimulative • Inventories low; sales improve
LATE
• Growth peaking • Credit growth strong • Profits growth peaks • Policy neutral • Inventories, sales grow; equilibrium reached
• Growth moderating • Credit tightens • Earnings under pressure • Policy contractionary • Inventories grow; sales growth falls
RECESSION • Falling activity • Credit dries up • Profits decline • Policy eases • Inventories, sales fall
U.S.
RECOVERY
Contributed by Brian McGeough, Chatham Wealth Management
J
une 2018 will mark the ninth year of economic expansion in the United States. Not too far from the longest period of expansion in history (10 years). As we think about the economy and investing, it is important to know the stages of an economic cycle, have an opinion of where we are in the cycle and understand what sectors of the economy perform the best during the different cycles. Economic stages and sector exposure: Early – GDP starts to grow as the economy emerges from a recession. The unemployment rate begins to decline. Interest rates remain low to spur lending by banks in order to stimulate consumer and business spending. Financial companies that can borrow money from the government at near zero interest rates and consumer discretionary companies (think of things
CONTRACTION
Relative Performance of Economically Sensitive Assets Green = Strong
that are not a necessity to live) tend to outperform in this environment. Mid – Economic growth is accelerating, unemployment rate remains low and people start to talk about inflation. The Federal Reserve target for inflation is 2% per year. As confidence increases around economic growth, investors focus on sectors that are less sensitive to interest rates. Information technology and some industrial sectors generally outperform in this stage as companies look to expand their business. Late – GDP growth begins to decelerate and the unemployment rate increases. Interest rates begin to rise as the Federal Reserve tries to avoid an overheating economy and rising inflation. As investors start to suspect an economic slowdown, they will look
Chatham Wealth Management is a SEC registered investment advisor serving high net worth individuals, retirement plans and trusts. CWM is a service focused firm that strives to be your local trusted resource on all of your financial needs. We do not sell any products and have a fiduciary responsibility to put our client’s interests ahead of our own. We are happy to give unbiased advice on all financial matters Our expert portfolio managers and Certified Financial Planners® who average more than 25 years of experience will build you a truly customized investment portfolio based on the comprehensive financial plan we design to meet all of your goals.
10 Town Square, Suite 100 • Chatham, NJ 07928
(800) 472-8086 http://www.chathamwealth.com/ 10 | Chatham Living
EXPANSION
+ Economic Growth -
to sectors that are more defensive in nature such as consumer staples, healthcare and utilities. Recession – GDP growth turns negative as the economy contracts. This is usually the shortest stage in a cycle. Companies that outperform during a recession are those that supply products that consumers are less likely to cut back on during tough times such as utilities, healthcare and food. The stages of the economy don’t always happen in a linear fashion like this and some cycles are much more dramatic than others. It is important to adjust your asset allocation and sector weights in your portfolio as we move through the different cycles. The changes don’t need to be drastic, but some changes are wise in order to
Sector
Early
Mid
Late
Recession
Financials Consumer Discretionary
FUN. ITH A SPLASH OF CONFIDENCE.
Technology Industrials Materials Consumer Staples Health Care Energy Telecom Utilities
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increase your chances of positive returns through business cycles. Our view is that we are in the beginning part of the late stage of the economic cycle. At Chatham Wealth Management we are constantly looking at data and research to help us have a view of where we are in the economic cycle. We actively manage each of our client’s portfolios to make sure we are positioned as best we can be during any circumstance. Please visit our website at www.chathamwealth.com or call us at (800)472-8086 if you would like to visit our office for a complementary portfolio review.
Financial assistance may be available.
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CHATHAM NEWCOMERS LOOKS FORWARD TO SUMMER FUN! Contributed by Chatham Newcomers and Social Club
S
ummer is here! A busy spring house buying season has brought many new families to town. To help ease their transition, Chatham Newcomers has added a ‘welcome wagon' committee that personally reaches out to new members over the phone, to help answer any questions they may have.
meet new friends and neighbors before school gets underway again in the fall. Does all this sound fun to you? Chatham Newcomers accepts new members year-round. Annual fees are $45/family. Joining is easy and can be done online: https://www.meetup.com/ Chatham-Newcomers-and-Social-Club/events Be sure to check out our Facebook page “Chatham Newcomers & Social Club” to view our upcoming events and photos.
Home is the most important place. Let me take you there.
After joining, each member also receives a “Chatham 101” Guide, published by the club, which provides a wealth of information on schools, local businesses as well as recreational activities in the Morris County area. With over 170 members (and more being added each month!) Newcomers plans to host several summer events including and a Ladies Night Out in mid-July. These events are a great way to
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A Limited Liability Company Law Offices of Rosemary Stone-Dougherty Legal Services offered: Real Estate Purchases/Sales • Estate Planning • Refinances • Landlord/Tenant Disputes • Land Use/Variance Applications • Probate • Collection
973-635-0300 • 54 Main St., Chatham, NJ 07928 www.rsdlawfirm.org • rsdlawform@aol.com
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• Full home renovations, additions and single/multi-room remodeling. • Exceptional craftsmanship, attention to detail, and personal one-on-one service.
“We had a great experience and would highly recommend Shaun." Parry and Laura Gosling, Chatham, NJ “Shaun and his team are knowledgeable, highly skilled, and a pleasure to work with.” Mike and Ellen Blazoski, Chatham, NJ Shaun McGookin, Chatham Native, Proudly serving our area for over a decade!
Shaun McGookin www.mcgookinremodeling.com
Create a bug-free, cool & comfortable backyard retreat this summer with deals on outdoor supplies from your neighborhood , the helpful place! Open 7 days a week! 650 Shunpike Road, Chatham 973.410.1400 www.smithsacehardware.com July 2018 | 13
BEAT THE HEAT— CREATE SHADE! Contributed by Susan Cohan, APLD susancohangardens.com
Y
ou worked hard all spring while the weather was cool and the famous New Jersey humidity is lower. Your yard looks great but by the end of June the air gets still and thick and it’s hot and uncomfortable out there. By July, insects are a bother as soon as the sun starts to set. How can you beat the heat and enjoy your summer garden? There are lots of options to create a shady spot. Add a shade structure. A shade structure can be as simple as an umbrella or as complex as an outbuilding. A shade house, pergola or awning will give you a shady place to sit outside on the hottest of days and all can be outfitted with a breeze creating fan that will reduce the number of insects in the immediate area. There are many choices and styles to choose from. Different from a gazebo, a shade house or summer house is a roofed structure that provides deep, cooling shade but is still somewhat open to the elements. Insects can be kept at bay with the installation of an outdoor ceiling fan. A pergola is open roofed and on posts with no sides. This classic garden feature can be freestanding or attached to the house. To beat those heat blasting rays, a sliding canopy similar to a roman shade can be added to provide cover when needed. There are also louvered aluminum pergolas on
Sun’s warmth, gentle breeze Colors burst, birds sing from trees Senses awaken Haiku Enthusiasts, Landscape Professionals
S. JOHNSON LANDSCAPE MGMT. info@sjohnsonlandscape.com 973.635.0052 NJ HIC # 13VH03274500 14 | Chatham Living
the market. An awning is a great option for a deck. Motorized or hand cranked, they can span the entire deck to create shade when needed. Fabric choices allow the color and pattern to work with your individual style and can add a pop of color to a deck. Ready made, small cabanas with pull down screens are easily found in big box stores and on line. They take a few minutes to install
and can be dismantled just as easily. These aren’t meant to be permanent like a shade house or a pergola. Lastly, umbrellas can provide ample shade if positioned correctly. Remember the sun doesn’t just shine from directly above. Look for umbrellas that have a tilt feature. There are many types of patio umbrellas from classic round market umbrellas to shade sails. They are available in every price point and shape imaginable and obviously require zero installation skills. Consider an umbrella that is easily moved to follow the sun/shade patterns in your backyard.
Open 7 days a week • (973) 822-1956 Chatham Mall, 650 Shunpike Road
Also - Catering Make your next party or event extraordinary with our high-quality sandwiches and platters!
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Plant trees! Trees are Mother Nature’s shade canopy. When planted with the that in mind there is no better solution. The past few years have seen many of our community’s oldest trees fall or split or just die from old age and disease. The power companies prune street trees within an inch of their lives for the sake of our above ground wires reducing their ability to thrive and create shade. Many homeowners now remove trees close to their homes for fear of them falling during a storm so the idea of planting more trees may seem counter intuitive. There are many small trees available at local garden centers that won’t dwarf or endanger the house, will create garden interest as well as provide needed shade. Want early spring flowers as well as shade? Try dogwoods, redbuds and cherries. Ignore the ornamental pears—they break easily in our heavy snow storms. Plant a tree near on the south side of a patio to create a pocket of afternoon shade. The first thing any homeowner should do is take care of their trees. Have a certified arborist review the health of existing trees and remove dead wood and cable them if necessary. Fertilize your trees and don’t, don’t, don’t create a mulch volcano around them. These piles of mulch do more harm than good. Keep mulch low. Three inches will suppress weeds and keep the moisture in. Landscape/Gardening content sponsored by: Great Swamp Greenhouses and S. Johnson Landscape
- Since 1998 - providing quality dentistry to our patients in Chatham and the surrounding area. - Comprehensive family dentistry Our dentist and team are thrilled to treat the whole family. • Our services include all aspects of modern dentisty such as implant restorations and prosthetics, cosmetic restorations, as well as routine maintenance and care. • Dr. Reid is on staff at Robert Wood Johnson University Hospital in new Brunswick, as director of the dental residency training program she is exposed to, and treats all manner of medically compromised patients. • Our experienced dental team has worked together for many years. • The office is located only 2 blocks from the train station, and we have evening hours to accommodate commuters in and out of the city.
390 Main Street, Chatham, NJ 07928
973-635-9456
www.jacquelinesreiddds.com July 2018 | 15
SNAPSHOTS Chatham Borough Spring Clean Up Day Contributed by Kara Sibilia It’s a busy time of year for Chatham Borough! The Annual Spring Clean took place on May 5, and there was a fantastic turnout. A big thank you to all the volunteers who came out to help, our local business sponsors, and a special thanks to Chatham High School’s Julia Gurando, Kiera Sporada, and their Graphic Design students, for designing the “Spring Clean” t-shirt.
At Roots to River Tree Planting during Spring Clean Up Day: Chatham Shade Tree Chairwoman Colleen Truppo; resident John Tortorella; Chatham Department of Public Works Forman Leo Pietrantuono; Chatham Borough Mayor Bruce Harris and Chatham Borough Administrator Steve Williams (Courtesy of Tom Salvas)
Chatham Clean Up Day (Courtesy of Tom Salvas)
Oleh Slupchynskyj, MD, FACS Chatham MediSpa is a full service medical spa offering non-invasive services such as Botox, Dermal Fillers, Skin Laser treatments, SculpSure (Non Surgical Fat Melting), PRP and Facial Rejuvenation and IV Rejuvenation Treatments. Led by renown facial plastic surgeon, Dr. Oleh Slupchynskyj, we are at the cutting-edge of facial anti-aging techniques.
www.facechange.org/medispa/ 16 | Chatham Living
Chatham Market Update Brought to you by: The Kate Friday Team The Chatham Township market has had a strong start to the year! During the first four months sale prices are up 18% over the same time last year, and average days on market are down from 73 to 42. Homes in the Township are moving much faster than they did last year. Comparatively, the Borough has had a slower start to the year with # of units sold in the first four months down from last year. But good news, the average sale price is up from $786,000 in 2017 to $856,000 in 2018. We also see the inventory under 1M selling quicker than the higher priced inventory.
YTD
2017
59 Days on Market $786K Sales Price 41 # of Units Sold 33 Active Listings 31 Under Contracts
2018 53 $856K 31 38 33
%Change -10.54% 8.99% -24.39% 15.15% 6.45%
YTD
2017
73 Days on Market $980K Sales Price 45 # of Units Sold 72 Active Listings 45 Under Contracts
2018
%Change
42 $1.162M 42 76 38
-42.65% 18.55% -6.67% 5.56% -15.56%
Welcome home For Sale 15 Chandler Road Chatham, NJ
July 2018 | 17
We are here to make your gift giving easier. Mom, Dad, or Grad, we have something for everyone here!
An eclectic gift boutique showcasing American Artisans. We carry a variety of hand crafted items and high quality Made in America merchandise. There is something for everyone with many customizable options.
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What is Acupuncture? Acupuncture is an amazing natural remedy in returning your body to a healthy balance. Advanced Acupuncture NJ wants to return your body to its fullest function & ability. Acupuncture works because the placement of needles in certain locations on your body assists your body in healing itself.
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•Heating/Air conditioning •Engines •Tune-ups •Factory scheduled maintenance •Computer diagnostics
621 Shunpike Rd., Chatham, NJ 07928
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PET CORNER Meet Toby O’Neill, a 3-year-old Poodle and Shih Tzu mix who loves anything to do with water! After a heavy downpour of rain, he finds the deepest puddles on the side of the road to romp through. Watching him play with sprinklers is a real treat as he tries to catch the water between his paws and take a bite!
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Request citizenship with many people (and they will often request it back). The more citizens you have in your Myopolis, the more exposure you will build. Exposure, interaction, comments etc. increase the likelihood that you will trend higher.
3.
Interact with many posts. Comment, share, pingworthy, agree etc. The more interactions you have the more you will increase interest in people becoming your citizens. The more citizens, the more exposure for you and your brand.
4. Invite people to Myopolis. The more people you invite from other social media sites, or people who are new to social media, the larger your base. Remember, people don’t need to leave their current social media communities (although once they experience Myopolis they may make that choice). At first, it’s harder to take someone away than it is to get them to add Myopolis. 5. Build your own communities that matter. Get four or five close friends, colleagues or clients to use Myopolis as their primary means of connecting. Even small groups begin to carry heavy influence and motivate people to remain active.
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July 2018 | 19
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Barbara Fodero, DDS, MS Specialist in Orthodontics for Children and Adults, Permit #5268 Voted Top Dentist by NJ Monthly and New Jersey Family’s Favorite Kids’ Docs
33 Main St, Chatham, NJ
973-701-2200 • www.chathambraces.com
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