From AdvisorOne.com The Securities and Exchange Commission announced Monday that it has charged two Florida men for running a Ponzi scheme that robbed more than 100 investors of $22 million. The scheme, which purported to be a private equity fund and was marketed under the names “Managed Capital Fund,” “Safe Harbor Private Equity Fund” and …
Tag: financial planning
The Race to the Bottom
The idea behind this post came from Bob Veres whose thoughts and writings appear from time to time in the magazines and journals that I follow regularly. This has been an up-and-down summer and there are lots of thoughts to share. 1. Emotions rule asset prices and any effort to invest rationally is doomed from …
The Risk of Loss
It is a given that when someone invests money there is a potential for loss. How much loss and when is an absolute unknown. The only protection against such a potential loss is a contractual guarantee, and even then it may not be. (See the recent debt crisis in Washington) What is possible, however, is …
One Final Bailout That Still Might Happen
Rick Newman, On Friday August 26, 2011, 3:28 pm EDT There's one big group of Americans who still haven't received much of a bailout from Washington--homeowners. Now, there's a growing chance the Obama administration may finally do something to help the little guy directly. Up till now, bailout theory has hinged on helping banks, corporations, …
Fiduciary Standards for Financial Advisors
I’m going to weigh in on a topic that annoys the crap out of me. It involves the frantic efforts of the brokerage industry to avoid being held accountable to the same standards that I am held to when I offer financial advice. From the earliest days of the 20th century, the brokerage industry generated …
Investors and Risk
This is from a recent article in the Financial Times. It describes something that happened in the UK but is see the same problem here in the US. I deal weekly with smart people who have virtually no financial sophistication and who find themselves in a box from which they cannot escape. Unfortunately, they are …
The Case for Alternative Investments – Part XI
This is a continuation of my recent argument in favor of a different approach to how you, as a consumer of financial advice, and we, as advisors, need to manage your retirement money. Or any money you have for that matter. In 2008, U.S. equities were gutted. 99.8% of all U.S. equity mutual funds had …
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The Race for Global Leadership in the Age of Anger
This post is way beyond the intellectual scope held by a simple financial planner in little old Gainesville, Florida. However, if there is one regret I have as my life winds down, it is that I won't be here to find out how the next fifty years play out across the worlds stage. This is …
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Capital Market Insights – August 22, 2011
Here is your Weekly Insights update from Curian’s Asset Management Group. This informative capital market update is designed to help you stay informed about important developments in economics, the markets, and … CONTINUE...
The Coming Retirement Wave
Are Americans financially prepared for life after work? By Jeff Schlegel. Timely article that appeared on the Financial Advisor website August 17, 2011. It helps contrast what I am doing for my clients today with what the industry as a whole is focused on (or not focused on, if that makes sense). A recent Google …
Helping Define Your Financial Future 