Most of us have heard way too much about the finances of a relatively small member of the global economy: Greece, and its debt crisis. Recently one economist described the Greek debt default as “the slowest-moving train wreck in history.”
Articles
Compensation Manipulation
Maybe this is what Wall Street executives are thinking when they see the Occupy Wall Street protesters: click here. Whenever TV pundits talk about investments, you generally hear them mention price/earnings (PE or P/E) ratios as the best way to value a stock, and there are usually references to earnings estimates and whether a company beat or failed to live up to analyst forecasts. But behind the camera…
“Client-Last” Advice
In professional circles, there is often talk about a “client-first” attitude, which is shorthand for giving your clients the same quality of financial advice you would give your mother. It’s a useful shorthand way to navigate through a financial world that is still beset by incentive payments…
Conflicts Revealed, Conflicts Explained
We’ve frequently spoken about the conflicts of interest inherent in the brokerage profession, and here are two videos that illustrate it well. The first compares the...
Too Much Regulation, Too Little Integrity
In reflecting on the regulatory changes we have experienced since the 2008 financial crisis, it is eye-opening to ponder the air travel regulations that have grown exponentially since 2001. The bunker mentality was understandable at first due to the disaster we witnessed on 9/11.
The Tax Debate
Here’s a great way the British government could balance its persistent budget deficit. But perhaps we should avoid this solution in the U.S. Closer to home, a few weeks ago, the smart money in financial circles was betting on a year of tax gridlock…
Apple Hits a Milestone
At the end of February, Apple’s stock market value hit a record high of $500 billion, which has only been accomplished by four other companies: Microsoft, Exxon Mobil,...
Fiduciary Delays
If we were to craft a commercial for the slippery concept of “fiduciary standards,” perhaps we should look to these fine examples of refined marketing excellence…
Hostages in the Debt Negotiations
To quote Yogi Berra, “It’s déjà vu all over again!” In 2008 we witnessed Hank Paulson, the Secretary of Treasury, practically single-handedly take down the US and world economy…
Senior Transitions
Last month Rich was in Florida for several days with his mother who is recovering from a broken leg and a two month stay in a rehab nursing home. Certainly the situation was heart-filled, task oriented and all-together challenging.
An Interesting Time to Be An Investor
Normally, investors buy bonds for income, and don't expect to get a whole lot of growth from that part of their portfolio. And they buy stocks primarily for their growth...
Are the Tax Laws Turning Us Into Scrooges?
Let’s start with some interesting facts on charitable giving: The largest slice of the charitable giving pie comes from individuals, at $227.41 billion in 2009 —...
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