Being on Wall Street means being in The Old Boy's Club I have always wondered what it might be like to be an insider at Wall Street, to be able to know secrets before others, to have a head start in trends and events. I am not talking about "insider" information. I am speaking about [...]
Is your retirement account acting like a YoYo? With the nightly news comes the report on the day’s happenings in our national stock markets. Every day brings what has happened to America’s investments. The movement in the market affects more than 50% of America’s retirement funds. Some days it increases, and some days it decreases. [...]
I can remember the first company I worked for, a national airline. It was 1966, and I was a freshman in college. I loaded airplanes with bags, handled air freight, and waited on passengers. I loved my first job and I loved the company. To see them now is an exercise in disgust; the airline [...]
Use Legacy Arbitrage to extend benefits to heirs Definition of 'Arbitrage' from Investopedia "The simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting price differences of identical or similar financial instruments, on different markets or in different forms. Arbitrage exists as [...]
For several years I worked as a volunteer for the local food bank. It supplied those in need with weekly baskets of food and other necessities of life. It was very special to help, and I have numerous memories of that time. I met many people who wanted nothing more than to be of help [...]
I remember when our church in Emmett Idaho finally was able to retire the mortgage. Our parish had a pot luck dinner; several parish members spoke, including my mother, and then a ceremony to burn the mortgage. I was 11 years old then and knew nothing of money or a mortgage; what I do remember [...]
I remember well that statement being made at a financial convention years ago, the speaker followed up his announcement with this: “I just don’t know when!” It seems that the stock market is always going up, and yet his past few days something odd has happened, it has dropped, dropped like a rock. Immediately after [...]
This simple and yet efficient approach to solving interest rate volatility can work for you. It involves annual maintenance on the investor’s part and the ability to use the internet for available interest rates. Never allow anyone to charge you for this approach to bank deposits, do it yourself. There are numerous options available to [...]
Transparency in the financial world has traditionally been lacking. As information sources have increased, along with it has come more chances to look behind the curtain. The mutual fund industry in America is enormous; most Americans have or currently do use these products for accumulating funds for retirement and many other uses. Mutual funds are [...]
When the Social Security Administration announced that for 2016, 2017, 2018, there would be NO “cost of living adjustment” (COLA) to retirement payments, many considered inflation was under control. The reason for no COLA is simple, and Congress sets the COLA based on the performance of the Consumer Price Index (CPI). The CPI failed to grow [...]
