FINANCIAL ILLITERACY THREATENING INVESTORS

In a recent column Andrew Sorkin commented, “We have a financial literacy epidemic in America.” His was referring in part to some foolish fiscal Ideas being floated by elected officials. Many of these ideas are coming from the younger members of congress, those of the so-called millennial generation. Millenials are often ridiculed by other generations for…

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INVESTORS BIGGEST THREATS

In training, flight instructors often give challenges far beyond what you are likely to experience in a real flight by artificially simulating multiple system failures at the same time. On one challenging maneuver I missed an action to which my instructor replied, “Make sure you never forget to hit that switch in this situation.” Exhausted,…

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IS YOUR ADVISOR A FIDUCIARY?

Many years ago I was affiliated with an investment firm that was bought out by an insurance company. We were promised the deal would improve service and product availability. As an added bonus the new company provided health insurance coverage to its reps. Initially it was a good relationship, with them leaving me alone to run…

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DO YOUR INVESTMENTS HAVE A FUTURE?

In 1975 an unsuccessful man by the name of Gary Dahl was hanging out with friends at their favorite bar. They happened to be discussing their family pets and how much trouble they were. The more they drank the louder they laughed until Gary, without any forethought, blurted out that he had the best pet…

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GREED DRIVES SCAMS

There once was a farmer who wanted to raise a turkey so he built a pen with a nice bed of straw, fresh water daily and plenty of food. He put a baby turkey in the pen and each day checked on the bird, changed its water, and filled its food bowl. The turkey loved…

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SNOW IN THE DESERT

Saint George, Utah, is often listed as one of the top retirement cities in the country. It is one of the most beautiful places on earth, surrounded by National and State parks with breathtaking scenery. The beauty is magnified by the temperate climate with mild winters. According to the Chamber of Commerce, the city enjoys…

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KNOW YOUR INVESTMENTS

From a young age I was interested in business, and airplanes. Now I have the privilege of owning a business that uses an airplane for visiting clients. I am fortunate to be able to do what I love, and get in a lot of enjoyable flying along the way. My Dad was brilliant and I…

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INFLATION – WORSE THAN YOU THINK

I suggested last week that if you want to be wealthy you should find what the wealthy are doing and copy them. Another step in following the wealthy is to avoid those areas that diminish your wealth. Some call these the “holes in the bucket.” One of the biggest holes is created by taxes. Few…

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INVEST LIKE THE WEALTHY

The rich, the top 10%, keep getting richer and the gap between them and everyone else keeps widening. Some say our flawed capitalistic system favors the rich. Would I get bombarded with ugly emails if I suggested that the lower 90% should learn from the rich and consider doing what they do? A speaker at a…

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