Category Opinion
Five Things Investors Should NOT Do Now (WSJ/Zweig)
Jason Zweig hits it right on the head. Must-read for all investors. Summary:1. Don’t fixate on the news2. Don’t panic3. Don’t be complacent4. Don’t get hung up on the talk of a “correction”5. Don’t think you — or anyone else — knows what will happen next Read #5 again. And again. It drives all the […]
The Father of the Modern 401(k) Says It Fails Many Americans
<http://www.marketplace.org/topics/sustainability/consumed/father-modern-401k-says-it-fails-many-americans> “Thus began the era of make-your-own-retirement.” The 401k wasn’t exactly an accident – it was intentionally put into the tax code. But the blockbuster growth of it, and the way it’s supplanting the traditional pension more and more – that was not the original intention. Scott Tang at American Public Media (NPR) discusses the […]
Make the Most of Your First Meeting With a Financial Adviser
Wall Street Journal article published Monday, November 5, 2012: http://online.wsj.com/article/SB10000872396390443686004577635963452298248.html A really helpful article discussing what folks may expect at a first meeting with a financial adviser. Unfortunately, the article doesn’t shed very much light on some essential issues – the differences between a Registered Investment Adviser and a representative of a Broker/Dealer, for example. […]
Choosing a financial planner: 5 red flags
http://www.cbsnews.com/8301-505144_162-57356132/choosing-a-financial-planner-5-red-flags/ A nice article from CBS’s MoneyWatch site. Summary – Watch out for the following things (notes which follow the bullet points are my own): Variable Annuity pitch – sometimes these may be appropriate, but certainly they are not something anyone should suggest at a first meeting. If they are suitable, they require a detailed […]
Rick Ferri says “Mutual Fund investors should Occupy Boston”
http://www.rickferri.com/blog/investments/fund-investors-should-lead-%e2%80%9coccupy-boston%e2%80%9d/ Following all the Occupy This and That out there (WallSt, mainly, but there are satellite protests), Rick makes some great points. They’re the same ones he makes on a regular basis, but it’s still nice to see them tied down so cleanly. Summary – the mutual fund industry has been raking in huge amounts […]
John Steele Gordon: A Short History of the Income Tax (WSJ op-ed piece)
http://online.wsj.com/article/SB10001424052970204422404576594471646927038.html A Short History of the Income Tax One original sin was the separation of the corporate and personal tax, giving lawyers, accountants and the wealthy a chance to game the system. […] The other pernicious consequence of the separate corporate and personal income taxes has been a field day for demagogues and the misguided […]
Meyers Wealth Management 