Perhaps the most important thing to know about finance is what are the unintended consequences of a proposed course of action. Unfortunately, these are very rarely discussed. What is discussed, rather, are over-simplified, numerical projections often with faulty inputs to boot. Then, armed with this false information, the consumer draws erroneous conclusions…often with devastating results. (Continued)
Last year I attempted to examine the real reason for the “commercialization” of Christmas. Today I am going to consider the act of giving and why such a thing makes us happy. If you plumb the depths of any action or profession, you will always find a great paradox (or several of them) that seems (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)
Occasionally I come across something in my industry that can only be the portent of bad things to come. Consider this excerpt from an email I received from my brokerage house: As you may know, brokerage firms will be required to report to the IRS detailed cost basis, gain and loss, holding period and other (Continued)
Let me say from the front end that I am not going to fully explain that cryptic title in this article. For the full explanation of it you will have to agree to two things: First, to read a book that I will provide to you, and second, to sit down with me and allow (Continued)