Category: Financial Guidance

The FInal Rip-Off: Reverse Mortgages
Table of default rates
Fiduciary or Salesperson

Getting Good Advice Just Became Easier

The financial reform bill now under consideration in Congress may or may not pass. But already, the folks in DC made the task of obtaining good financial help easier. Under pressure from brokers and insurers who contribute much to political campaigns, the drafters of reform took out the one thing that would have best served
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Trinity College Library

Lessons from Ireland

Last month I flew to Ireland to help my daughter move back from Trinity College in Dublin. Taking advantage of roads and hotels emptied by the current economic slump, we spent about two weeks exploring the cities and countryside. The scenic vistas, friendly pubs, and sites steeped in Celtic and Norman lore tempt one to
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Chart: bonds versus bond funds

Which Are Best, Bonds or Bond Funds?

Despite recent strength in the stock market, last year’s crash has pushed many investors to seek returns in other sectors. The massive flight of capital to the safest of vehicles, treasury bills and money market funds, has rendered paltry rates of returns; T-bills and cash equivalent accounts currently return next to nothing. Of the three
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Fear Not?

A few weeks ago, the article I had planned for this space did not include a question mark. President Obama was newly installed in a worldwide aura of goodwill and hope. Soon after the inauguration, most of us expected to hear speeches and statements focused on propping up the economy — perhaps even evoking FDR’s
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Chart showing annuity harm
Chart showing gold underperforming everything else

Fools’ Gold: A False Safe Haven

As of this writing, the Standard & Poor’s 500 is down over 45% from its peak 15 months ago; bond prices of esteemed corporate issuers indicate distress; and there is fear that the entire financial system is in peril. We have weathered recessions, liquidity crises, and periods of deflation and inflation before, but the economy
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Bar chart demonstrating age-based allocation

Age-Based Asset Allocation: Avoid the Gimmick

Over time, about 90% of the rate of return on one’s investments will be determined by the allocation among equities, bonds, and cash. Regardless of one’s luck or lack thereof in picking stocks, locking in yields, or choosing mutual funds, the vast majority of portfolio performance will be due to the proportion of assets devoted
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Senate Bail Out
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