Every now and again the market creates something out of nothing. The “801(k) Plan” sales letter you might receive in your inbox creates nothing out of something.
A sales letter published by Stansberry Research touting the “801(k) Plan” seems to be describing what are commonly called Dividend Re-Investment Plans or DRIPs. The claim of Stansberry Research [...]
Is there any truly tax free money? Judge Learned Hand, in an opinion written decades ago for the US Tax Court of Appeals wrote, “There are two systems of taxation in the country - one for the informed and one for the uninformed.” The IRS - along with most of the Federal establishment - doesn’t [...]
01.30Money Mechanic…
I just returned from dropping off my 1993 Geo for its 200,000 mile service - oil change, top off the other fluids, replace the left brake light and run the routine computer checks - yes there were computers in cars in 1993.
My cars last a long time because they regularly receive attention from a qualified [...]
01.29Banks and Bankers…
What America needs is a good dose of common sense…and that includes the bankers…especially the bankers. However, counting on that from the bankers (pun intended) shows a lack of common sense. Counting on it from the government - especially the lobby manipulated puppets in congress - is naive.
It’s time
* time to take control of the money that [...]
As I look back at the 67 years that have passed me by, I realize that my interests in architecture and archaeology contribute to my profession as a financial teacher and guide.
The new paradigm that I construct for my clients and those who seek my advice is based on the architectural analogy of laying a solid [...]
The pundits in the press, radio and TV are unable to come to any agreement about our financial future thru the end of 2008. A good number predict a recession. Another few predict significant growth in the equity markets. Some say the real estate market will rebound by mid-year while others tell us it won’t happen [...]
Yesterday I compared the financial planning process to a labyrinth. Later in the day I taught a class on financail planning for a group of seasoned financial advisors and presented them wth this same analogy. I suggested that they may not be advising their clients properly if they were not advocating the use of cash value [...]
A labyrinth, unlike a maze, offers only one path to its center. To exit the labyrinth you have to retrace your steps.
The financial planning and advising business has become a labyrith of sorts. There are so many shibboleths (oft repeated statements that are held to be true just because they are repeated so often and [...]
American’s who follow the practices of Money for Life…in good times and bad may have money in the markets. They may even be experiencing losses as the markets self-destruct. The equities they hold may lose value. They have no reason to panic, however, and they are able to maintain peace of mind about their money situation.
Money for [...]
“History shows that once nominal growth slows in a heavily indebted economy, there can be no recovery until the excess debt is eliminated…Too many people have become complacent about deflation. But watch out. Debt has grown too large to be sustained out of cash flow. As soon as the balance sheet is depleted, a deeper [...]