My Comments: Readers of this blog have seen me talk about the “fiduciary standard” and what it means for clients, the general public and for those of us who provide financial advice. See my blog from earlier this month. This commentary appeared last Wednesday that suggests there is going to be a resolution soon. And, …
Tag: investment advice
Premium Increases Under Obamacare May Be Overstated
My Comments: If you take the time to read the rest of this article, you’ll perhaps better understand why I’ve taken the position all along that the fuss about ObamaCare is a contrived spectacle by those, mostly those opposed to anything from Obama, who are convinced that the President is a total waste of time. …
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Retirement Advisors Labor to Rebuild Trust
My Comments: This article strikes close to home for me, a financial professional for many years. If you are a client, or perhaps a potential client, the finger is also pointing at you. I’ve argued in the past that rules about financial professionals being held to a fiduciary standard, the same standard that applies to …
Bits and Pieces – September 6, 2013
NEXT MOVE FOR FED - No one knows when the Federal Reserve will begin tapering its bond-buying stimulus program. That apparently includes the 12 voting members of its policymaking committee, as revealed by the release of the Fed's 30-31 July meeting minutes. A few officials seek to move soon, while the more cautious are inclined …
You Got a Better Idea?
My Comments: I’ve been accused of being a socialist by those who have no idea, fundamentally, of the definition of socialism. If they heard it on Fox News, then it has to be so. I’ve argued in this blog and elsewhere that Obama’s efforts to reform the health care delivery system in this country was …
Obama’s Tightrope Walk
My Comments: This is a subject that is consuming the country and with good reason. Those in favor of a strike and those opposed have logic and emotion in their favor. Personally, I’m not persuaded that a limited strike, mostly symbolic, will have any lasting effect. On the other hand, like it or not, there …
Successful Investing Stems From Process, Not Goals
My Comments: Unfortunately, while this is absolutely correct, virtually all of us measure our success or lack of it by results. How we got there is at that point irrelevant. I’ve been professionally involved in the investment process for almost 40 years, and have cautioned clients over and over again with that famous disclaimer about …
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Prepare Now for Tricky Times Ahead
My Comments: I believe the next several weeks are critical for my clients. I’m doing everything I can to reach out to them and attempt to have them make changes. I don’t think we’re likely to have a crash like the one we experienced in 2008, but the volatility will be enough to drive some …
How the Wealthy Keep Themselves on Top
My Comments: I've expressed my opinion, in earlier posts, that among the challenges facing my children and grandchildren will be the disparity in this country between what we call the "haves" and the "have nots." If they allow this disparity to get too great, then they are dooming their children to eventual social chaos. This …
Correction Seen as Welcome
My Comments: You should first note the date when Jeff Benjamin posted these comments. For whatever reason, I saved them and decided this morning would be a good day to bring them to the table again. What is happening to the DOW and the S&P500 and Russell 2000 is a good thing. In the short …
Helping Define Your Financial Future 