My Comments: Many of us remember a simpler time, not just in politics but in medicine. As we grow older, we tend to interact more and more with the world of health care providers, who have a language all their own. The following comes from the June 2015 internet magazine published by MDPreferred. Doctors and …
Tag: adviser
Staring Into An Abyss
My Comments: Greece is the focus for many of us whose professional interest is the management of money, both for ourselves and our clients. I’ve said the crisis has the potential to be calamitous, not just for Europe, but for the rest of the world too. Here, Scott Minerd suggests we step back a bit …
Europe’s Dream is Dying in Greece
My Comments: Society evolves, just like animals and plants. But it takes time, and we are conditioned to want it NOW, not over the next millenia. If there is enough collective will, the European Union (EU) will survive by evolving to accomodate Greek society. The players themselves are going to have to find the right …
A Basic Social Security Quiz…
My Comments: Many are railing against capitalism these days and others against socialism. If you’re adamantly opposed to socialism, I trust you’ve refused to cash your social security checks. Yes, you paid into the system, but the bulk of the money you get comes not from what you put in, but from what our children …
Exposing The Dark Side of Personal Finance
My Comments: A recent report that airlines may be colluding on price is but one example of corporate excess that pervades our system. It’s not yet systemic, but given the opportunity, corporate America will take steps to advance its own cause at our expense. After 40 years as a financial planner, I’m sensitive to questionable …
THE FOUR ESSENTIAL CHARACTERISTICS OF ALL BEAR MARKETS
My Comments: This article comes from January, 2009 and was written by Nick Murray. Two months later, the bear market that started in mid 2008 was over, though it took some time to realize. Meanwhile, we’ve been in a bull market for over six years now, and many are suggesting we are overdue for a …
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Sunny with a Chance of Turbulence
My Comments: Many of us were blindsided by the severity of the pullback that happened in 2008-09. Many of us are still trying to get back to where we were and are fearful of it happening again soon. Some on TV are pushing the idea that it’s just around the corner. It’s not. The chance …
Insurers Backed Obamacare, Then Undermined It; Now They’re Profiting From It
My Comments: Remember those frantic days right after the PPACA was passed? How soon would we see death panels? Could Grandma survive? The world would end very soon. In my writings, I've argued there are five primary stakeholders in the health delivery system here in these United States. 1. Insurance companies; 2. pharmaceutical companies; 3. …
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Here’s What the Next Recession Could Look Like
My Comments: There is no doubt that both politicians and financial people generate success by evoking fear in those to whom they are talking. Sometimes it’s legitimate, but much of the time its BS designed to persuade you to part with your vote and/or your money. What follows here is consistent with my belief that …
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5 Dumbest Investing Bets
My Comments: There is a distinction between dumb and ignorant. The second you can fix with mental effort, but the first just happens. Sometimes I wonder if people are born this way or whether they have to work at it. These five ‘bets’ happen often. Many times it’s because someone has “sold” them the idea, …
Helping Define Your Financial Future 