THE ENDLESS BATTLE AGAINST FRAUD

A couple years ago the Department of Labor issued the Fiduciary ruling. The purpose of the ruling was simple; to require financial advisors to act in best interest of their clients. Unfortunately, the politics involved took a reasonable idea and created a confusing policy that is still tied up in the courts. I support regulations that…

Details

TEACHING KIDS ABOUT MONEY

I have been concerned about the messages being delivered to the youth of the rising generations. Many young people live in a “virtual” world, a world of fake reality. It is a world where there are no losers because everyone gets a trophy, and where self-worth is determined by social media “likes” and “shares.” It…

Details

A DIVERSIFICATION MYTH

Let me take you briefly into the cockpit of a modern airplane. Most can picture the massive array of instruments. As a young boy flying commercially I remember looking into the cockpit and thinking that pilots must be the smartest people on earth. I have seen the eyes go wide when people fly co-pilot with…

Details

MAKE INVESTMENT CHANGES THOUGHTFULLY

Every airplane owner is familiar with the annual inspection. Required by the FAA to promote safety, every airplane must be taken annually to a qualified shop to be inspected. The procedure is quite involved, and can be a little discomforting when viewed for the first time. During the process the shop essentially opens the whole machine…

Details

A CLUB YOU DON’T WANT TO BELONG TO

We took the kids to Disneyland one year and gave each child $20 to spend on non-food items. When we returned home all of the kids had spent their money except for Natali who reported that she had $22 left. Thinking she needed a math lesson we asked her to explain. She told us that…

Details

INVEST FOR THE WHOLE GAME

Most lifelong investors have had the opportunity to hit a home run or two. Most have also experienced a few strikeouts in their investing career. Sometimes the timing is just right, and sometimes it can be really bad. As is human nature, I suspect most talk more about their home runs than their strikeouts. Yet,…

Details

INFLUENCE OF WOMEN ON INVESTING

I have thoroughly enjoyed teaching a series of investment classes exclusively for women. Their thirst for knowledge and desire to take control of their financial lives is exciting. As women continue to assert their economic power, the world in which we live and the investors who live in it, need to be prepared for the…

Details

AVOIDING FINANCIAL TURBULENCE

I flew to Phoenix this week to get Launa after an airline left her stranded when she really needed to be home. During pre-flight I told her the flight home would be smooth, but to be prepared for turbulence in the climb. She has flown enough that she doesn’t worry about the bumps, knowing from…

Details

IS INFLATION FINALLY BACK?

In my youth my dream car was a Ford Pinto – ok don’t judge me. I was being responsible. A new Pinto back then sold for about $2500, which was still more than I could afford so I came up with $800 and found a really good used one. Well, except for the pink shag…

Details

HAVE THE COURAGE TO SAY NO

We recently decided to take our grandson Braxton on a quick trip to California.  We were going to leave right as he got out of school so the night before he had his backpack ready and at the door. We were all so excited. He had never flown in a private plane before so he…

Details