What do you call a man trying to sell ice to Eskimos? “Unemployed”, of course! What do you call a man trying to sell debt to debtors? That would be: “Mr. President.” In his own words: Let’s do more to help Americans save for retirement. Today, most workers don’t have a pension. A Social Security (Continued)
Recently, a money manager that I otherwise greatly respect, said this rather despairing, if not delusional, statement: “Ultimately, there may be no such thing as a safe asset anymore and investors may want to take a diversified approach to something as mundane as cash.” [Emphasis added] The Rising Dollar Myth by Axel Merk. I know (Continued)
I apologize ahead of time for this somewhat “downer” blog, but today, I am fighting with my own industry and product providers about a new “interpretation of the rules” that could have deleterious effects on my clients. If we continue to allow the “rules of today” to mean something different tomorrow, then we will soon (Continued)
At the risk of being misconstrued, I will be short and to the point in this blog: There are no quick fixes to the problems plaguing our society, its government or our economic system. Just as the sky did not fall in the morning after we re-elected the one who is arguably the worst president (Continued)
Recently a client (and good friend) posed a question to me after hearing a sermon preached on the gospel story of the rich, young man, where Christ tells this man to “go, sell what you have and come follow me.” One of my friend’s questions was this: Am I not supposed to save, but (Continued)