For this status post I had to pass on a segment of Peter Schiff’s recent podcast where he discusses the relationship between your employer, government regulations, and you as an employee.
Saturday in Austin, Texas the media darling of the Democratic Party spoke in front of attendees of a conference and shed light on her profound lack of understanding of all things business and finance. This Thick as a Brick award goes to Alexandra Ocasio-Cortez who obviously doesn’t understand the first thing about the system of free enterprise which made our country prosperous and strong nor how she herself is chopping with an axe at the very foundation on which she’s standing.
“Capitalism, to me, is an ideology of capital. The most important thing is the concentration of capital, and it means that we seek and prioritize profit and the accumulation of money above all else and we seek it at any human and environmental cost. That is what that means, and to me, that ideology is not sustainable and cannot be redeemed.” Continue reading “AOC – Thick as a Brick Award”
Slowly but Certainly, Social Security Is Failing.
I see this routinely as I assist clients in preparing for retirement and other financial goals. This statement is directly from the Social Security Administration’s web page that assists people with estimating their expected benefits at retirement:
“The law governing benefit amounts may change because, by 2034, the combined trust fund reserves are projected to become depleted – the same as projected last year. Payroll taxes collected will be enough to pay only about 79 cents for each dollar of scheduled benefits.”
Continue reading “In Uncle Sam We Trust”
In my daily perusal of my own social media marketing efforts, I often see how other businesses approach their use of social media. Yesterday I saw a post that read on the order of, “Discussing advisory fees with clients can be a challenge.” I thought, I find it rather easy in that a single sentence makes both the client and me very, very happy: “Clients don’t pay me for my Wealth Strategies Services.” Continue reading “What Client Fees?”
Information today in the information age is readily available. The problem lies in the credibility and verifiable nature of the information you have at your fingertips and which is being presented to you without you having to go searching for it. “It’s on the news, it must be true…”
Continue reading “Why Wealth is Elusive”
I have been wanting to include some of my best clients in video testimonials for prospective clients and for new clients to review and also share. When you find something good, something exceptional, it’s natural to want to share it with people close to you whom you care about. Continue reading “Testimonial Videos Premiere!”
Yes, the market’s numbers have been higher and setting records, but why?
Many companies have borrowed money at near zero interest rates and are buying back their own stock. This reduces the amount of profit paid out to shareholders, and with the company buying more (generally not caring what share prices are paid), the demand rises, so prices climb. Continue reading “Motive, and Opportunity…”
More and more I find the old axiom true: its not what happens, but how you react to events, or are prepared for them, that matters.
In 2008 a bursting real estate #bubble was one key event in bringing down market values in the financial sector and therefore the entire #market. While scores of mortgages with reduced borrower requirements are less of an issue today, an overvalued real estate market can play a major role if its not the trigger.
Continue reading “Which Straw? Which Camel?”
As I speak with prospects, clients, and participate in chats and conversation, I find that people are having three main issues indirectly related to their financial well-being:
1) Work and family keeps them busy so they have difficulty keeping up with information that can help them.
2) Most don’t have a good source of information: main stream media has become more and more slanted to the extremes and doesn’t “report the events”, but promotes an agenda.
3) Many believe the information presented, which is largely inaccurate, can be misleading, and have become complacent thinking “everything’s fine”.
Continue reading ““A False Sense of Security” – Jim Rickards”
Members only content: In this overview, I’ll keep to generalities that pertain to the qualified vs. non-qualified retirement funding topic. If you want further details on mutual funds, the articles I referenced as a guide offer excellent details without “speaking over one’s head” on the subject. The chart that appeared in Part 1, along with the referenced articles, is recapped at the end of this Part 2 for reader convenience.
Continue reading “Mutual Funds: A Considerable Headwind”