You want to believe financial experts know what they are doing. You hope they know something you don't given their credentials and education. While some of those thoughts may be true, what overwhelms all those advantages are the conflicts of interest, bias and other problems that can taint the financial advice your receive and make it far less reliable than you might ever imagine. This new article explains what you need to know to protect yourself…
Conventional financial media is completely missing the economic boat. They publish endless nonsense about Washington while important issues are burning all around them. Here are some educational articles published in the last week that no investor should be without…
The question of the week comes from a reader who asks, "Do you think the only kind of advisor one should hire is a fee based one? I was told by a commission person that when they have a client buy an insurance policy they HAVE to take a commission. Is this true?" To answer that question we must expand the discussion to make some important distinctions that will allow you to make smarter investment decisions…
The Fed and Treasury are spending your money in ways you likely would never approve of if you understood it. The sad reality is not one person in 1000 really comprehends the long-term implications of all the legislation favoring banking special interests at the direct expense of the public (you and me) – and that is why they get away with it. To gain a greater understanding of the ongoing and ever-escalating bank bailout insanity and what it will cost you…
For the first 400 years of our economic history inflation was benign at under one percent and then suddenly in the last 100 years it jumped dramatically. What caused the sudden and abrupt change in inflation? Simple – the Federal Reserve bank was established. Why should you care? Again simple, because inflation changes everything…
If you're suffering from a serious financial setback recently don't worry – you're not alone and there is a solution. In fact, your path to recovery and prosperity is well worn with proven action steps. So let's get started with the six steps you need to recover from financial disaster…
Let me be clear – this asset deflation will not end until asset values decline to the point that their cash flows support valuations. This is basic investing and economics. Any governmental attempt to reinflate values by incurring debt on behalf of the taxpayer is a waste of your money. It is merely tranfering value from you (who never benefited from the speculative excesses) to bank bondholders and corporate shareholders. It is economically foolish and morally wrong…
Let's face it. There is no shortage of financial advice. It seems everywhere you turn there is another financial expert. The newspapers, magazines, television and internet are filled with financial advice. Unfortunately, most of it is dangerous half-truths. How do you sort quality financial advice from the garbage? How do you separate fact from fiction?
If you are as frustrated as I am with the government bailout of Wall Street that sends good money after bad and burdens you, me, and our children (taxpayers) with horrific debt, then you will love this interview. It shows the clear separation between how financial experts view the government bailout policy and how the media spins the whole process…
This is the third and final installment in our series on the global financial crisis. Although this won't be the last word on this subject it is the last post in this series. I found this article by Michael Lewitt particularly interesting because…
