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The Three Legged Stool: Version 2.0

Saturday, August 31st, 2013, by

Here’s an ancient rhubarb that we once learned about our ultimate retirement funding. The three legged stool. For those of you too young to remember, the three legs of the stool were: a.  Social Security b.  Your defined benefit pension payment, from your thirty plus years of employment with the same benevolent employer. c  Your […]

The End of the Active Managed Mutual Fund: It’s About Time!

Tuesday, February 12th, 2013, by

For investors today, it’s almost unimaginable to contemplate the investment landscape that we faced just four decades ago. Brokerage commissions had not yet been deregulated.  There was an iron clad cartel among the major brokerage firms that burdened small investors with commissions of several hundred dollars for even routine trades, compared with the abundance of […]

Taxes Going Forward: It Could Have Been Much Worse

Saturday, January 12th, 2013, by

I’ve held off on commenting on the fumbling and stumbling New Years day resolution on taxes, until I could reconcile my conflicting reactions. Like any sensible person, I am appalled at the unwillingness to even address the spending side of the equation.  We are smiling on the way to an eventual apocalypse.  Each year that […]

The Triumph of Hope over Experience

Saturday, October 27th, 2012, by

That’s the expression cynics use when someone gets married for the second time.  But I think it ought to be tagged to those who expect above average stock market performance as a result of paying for “expert” advice. I will concede that the army of finance specialists who serve as gatekeepers to the markets have […]

It’s all a matter of trust: in your Financial Advisor

Friday, October 5th, 2012, by

This will probably strike you as a shameless promotion for my wealth management practice, but that’s ok by me.  After all, this is the way the public now views fee only financial planners and wealth managers. I’m referring to the news article I found in Investment News (the issue of September 24, 2012) entitled “Advisers […]

Thinking Fast and Slow

Friday, September 7th, 2012, by

That’s the title of the newest book from Daniel Kahneman, perhaps the only psychologist who has been honored with the Nobel prize for economics.  You’ll definitely want to add this book to your reading queue. There’s no possibility of my doing justice to this book in such a brief review, other than to highlight some […]

How Financial Planners Can Impact Your Health

Thursday, August 23rd, 2012, by

Investment News is a publication dedicated to those in the business of providing investment advice to their clients.  You won’t find it on the newsstands at the airport while waiting to catch your next flight, but it’s loaded with insights that directly affect your wealth, and now, as it turns out, your health as well. […]

Protecting your wealth from Inflation: Part II

Friday, May 4th, 2012, by

I’m sure you’ve seen the headlines by now. “The Scream” by Edvard Munch has sold at auction for $120 million. If you wanted something to scream about it would be the relentless assault on the dollar by our activist Federal Reserve. The Fed has a mission, but not one they are ever likely to own […]