Rationalization

“It depends on what the meaning of the word ‘is’ is.” Bill Clinton, August 17, 1998 grand jury testimony. The SEC charged Goldman Sachs & Co. with fraud on April 16th. It gets a little complicated (as these stories usually do these days) but basically Goldman was hired by a hedge fund, Paulson & Co., to create a collateralized debt obligation (CDO) pool so Paulson could “short” or bet against it. Goldman then took the investment and sold it to its retail clients, knowing the hedge fund’s plan and the likelihood that the CDO would… [read more]
Share this post:
  • email
  • Facebook
  • Twitter
  • StumbleUpon
  • Technorati
  • del.icio.us
  • Digg

Lose Weight, Look Great & Get Rich Today!

I can admit to being, at times, a yo-yo dieter. There was a 3 year stint on Atkins. A program where I drank shakes all day and ate Lean Cuisines and salad at night. That went on for about 6 months. Low-fat, low-carb, high-fiber, cabbage soup, grapefruits; you name it, I’ve tried it. If you flip through infomercials or look around online for more than 20 minutes, you’ll find the opportunity exists to spend hundreds if not thousands of dollars on fast and easy ways to a fitter, trimmer you. Most of these gimmicks end… [read more]
Share this post:
  • email
  • Facebook
  • Twitter
  • StumbleUpon
  • Technorati
  • del.icio.us
  • Digg

The Peril of Prognostication

(From Dan Solin’s blog, Huffington Post, April 6, 2010) Changing the way investors approach investing once seemed like a difficult task. This is no longer true. The meltdown of the securities industry, and the 2008 market crash, caused even the most die hard advocates of investing as usual to question the current system. They should since it has nothing to support it beyond massive advertising and lobbying budgets. Unfortunately, for many investors, that is enough to keep them in the fold, often to their great detriment. The current model is built on the demonstrably false… [read more]
Share this post:
  • email
  • Facebook
  • Twitter
  • StumbleUpon
  • Technorati
  • del.icio.us
  • Digg

Planning Now Will Help You and Your Family Later

Thinking about who will care for us as we age is similar to estate planning. It’s something we all know we should do, but it’s an easy topic to avoid. By planning ahead, you can help your family avoid the unnecessary angst in making decisions on your behalf and preserve your retirement assets. According to a 2008 Cost of Care Survey by Genworth Financial, if you choose to self-insure and live in Ohio, be prepared to pay an average of $173 per day for a semi-private room in a nursing home, $2932 per month for… [read more]
Share this post:
  • email
  • Facebook
  • Twitter
  • StumbleUpon
  • Technorati
  • del.icio.us
  • Digg