By James Fallows - James Fallows is a national correspondent for The Atlantic and has written for the magazine since the late 1970s. He has reported extensively from outside the United States, and once worked as President Carter's chief speechwriter. His latest book, China Airborne, will be published in May. My Comment: This comes courtesy …
Tag: Gainesville FL
How Blue America Subsidizes Red America
My Comment: Several years ago, a comment by Barack Obama, long before there was any real discussion about his running for President, he more or less said in a speech that “... we are not red Americans, or blue Americans, but simply Americans”. It was an idea that resonated with me. As an immigrant and …
How to Avoid Losing When You Invest, Maybe
The world I live in as an investment advisor is forever changing. My first exposure to mutual funds was in 1963. A salesman would show up at my office door, at least monthly, looking for me to invest $10 or $20 in a mutual fund he was promoting. At some point he persuaded me to …
New Tool Exposes Public School 403(b) Fees
My Comment: There has been a lot written lately about new rules that apply to 401(k) plans and the fees that are charged by the various layers of sponsorship and management of funds. These layers can add up to over 5% per year which is one reason participants look at their accounts and wonder why …
Knowledge Lies at the Heart of Western Capitalism
MY COMMENT: As someone who has been invovled professionally for almost 38 years in financial services, it can be argued that I’m running out of gas. Or alternatively, that I’ve simply turned into a gas bag. However, I’m vitally concerned about fulfilling the trust given me by my clients. Clients who look to me for …
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Market Rebound Predicted As Rivals Pull Back
My comment: The nature of this prediction has more to do with the viability of certain Wall Street companies than it does Main Street companies. However, the people quoted and the sophistication of their respective enterprises suggests to me that if they are correct, it will be a result of a market rebound that in …
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I’ll Be Back…
This is just a quick post to say there may or may not be anything new here for a few days. I’m heading out to a workshop sponsored by the foundation in Tucson that promotes a process to help high school students and their parents find free money to help pay for college. This is …
Insurers Profit From Health Law They Spent Millions to Fight
My comment: This is a follow up to my post the other day that talked about how the GOP candidates pledged to repeal ObamaCare once they became President. That's not likely now that major donors to their campaigns are making real money from the effects of the law. (Bloomberg News) Insurance companies spent millions of …
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Americans: Why We’re Addicted to Spending
My Comment: For some reason I vividly recall the few days in 2008 when the market decided to crash. It wasn’t quite the same as it was in October 1987 when there was a one-day disaster, but over the course of a week, everything came unglued. From that day on until today, I’ve had a …
Breaking Down the Income Gap Into Real Terms
My Comment: For several years I’ve warned my children that if the gap between the “haves” and the “have nots” becomes too great, their generation and the next will likely face social chaos in this country. This idea is starting to resonate as articles like the next appear in print, and one sees and hears …
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Helping Define Your Financial Future 