Forbes.com
Liz Moyer, 06.26.08, 3:00 PM ET
Wall Street’s Widening Credibility Gap
The carnage spread across the financial sector. Fortis was down 19%, Lehman down 6%, National City (nyse: NCC - news - people ) down 7%, MBIA (nyse: MBI - news - people ) down 11% and Washington Mutual (nyse: WM - news - people ) down [...]
“Frankly, my dear, I don’t give a damn.” Gone With the Wind, 1939
It appears that the mutual fund industry is very much like the Congress. Proof again that Americans are being bamboozled by Behemoths whose only interest is in moving money from your pockets into their own accounts. This isn’t a personal opinion but the opinion [...]
This post from May 9 is becoming more relevant every day…
Friday, May 9th, 2008
“Frankly, my dear, I don’t give a damn.” Gone With the Wind, 1939
The Congress doesn’t “give a damn.” It has completely abrogated its sworn responsibility to provide vision, wisdom and leadership. Some in Congress have given their votes and their minds over to the [...]
“You got to know when to hold em, know when to fold em,
Know when to walk away and know when to run.”
The Gambler, Kenny Rogers
Equity harveting is the practice of acquiring the highest possible mortgage on your personal home so you can “invest” the money derived from the equity that is extracted in another appreciating asset.
Don’t [...]
“Made it Ma! Top of the world! White Heat, 1949
Reverse mortgages are often portrayed as last-resort financial tools; reserved for widows and widowers who have outlived their liquid assets and have to tap the equity in their paid-for homes to survive a few more years.
Not so.
Meet Bob and Sally.
They live in a $1.2 million home [...]
“Prepare not a path for your chidren. Prepare your children for a path.”
Dr Agon Fly
The Bike…
Here’s an example of how one man prepared his child for a path and passed on a Legacy.
Mr. and Mrs. Smith started a “bank” for their only son when he was born. They used whole life insurance and funded it in anticipation of [...]
“You can fool some of the people all of the time,
and all of the people some of the time,
but you cannot fool all of the people all of the time.”
- Abraham Lincoln
President Lincoln didn’t live in the information, advertising and propoganda age we inhabit. Everything from politicians to religious beliefs, hamburgers to health care, infant [...]
“There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings.” -Hodding Carter
Don and Dawn want to give their children and grandkids both roots and wings. Strong Judeo/Christian values run through their veins and promise their progeny and heirs both roots and wings. There was something mising, [...]
“As God is my witness, I’ll never be hungry again.” Gone With the Wind, 1938
Over the past 40 years I have been a money and financial advisor to small businesses, medical, legal, accounting, real estate and other professionals as well as executives, school teachers and brick layers - people from every profession and occupation it seems.
Occupation, social status, [...]
“I’m king of the world!” Titanic, 1997
Americans have had a love affair with automobiles for over a century. We buy them with abondon; new, used, wrecked and restored. A car inflates our ego, provides useful transport and crystalizes our status. For many reasons it makes us feel like we are royalty; in charge of our world.
Unfortunately the [...]