Anthony Isola

The Only Requirement Is “Are You Alive?”

“When you kill time, remember that it has no resurrection.” ― A.W. Tozer Do substitute teachers hold a solution for our nation’s curse of financial illiteracy? For many, the recollection of having a substitute teacher resembles something like this: The VCR cart being rolled into the classroom. The horrible mispronunciation of names. Student pranks on…

The 5 Most Insane Quotes Against the Fiduciary Rule

The opinions found on social media can be a dark jungle of misinformation and lies. This is not a surprise, based on the following facts: A large number of people do not know The Affordable Care Act and Obama Care are the same thing. One in six believe it would be “very good” for the…

Are Expensive Universities Worth The Price?

“Price is what you pay. Value is what you get.” – Warren Buffett High-cost, prestigious universities may be a waste of money. There is one caveat. You better like math and science! The Wall Street Journal published a fascinating article that highlighted some interesting observations. Eric Eide and Michael Hilmer point out: “Diplomas from prestigious schools boost…

Lobbyists Lie; Investors’ Retirement Accounts Die

The misinformation spread by lobbyist groups in order to derail the fiduciary rule would make “Baghdad Bob” proud. Just like Saddam Hussein’s delusional director of communications, they have cornered the market on fake news. Organizations such as the U.S. Chamber of Commerce, Financial Markets Association (SIFMA) and the American Council of Life Insurers, among others, have…

Show me the Money!

“Education is the passport to the future, for tomorrow belongs to those who prepare for it today.”  – Malcolm X Our divided nation is filled with many people who justifiably believe tomorrow will be worse than today.  They vented their anger in the voting booth.  They went all in for massive change. We will have…

Where the Hindenburg Meets the Titanic

“Consumers are not equipped to make these choices. Information asymmetry has been used as a weapon against them for decades.” Josh Brown Some large insurers have created the nitroglycerin of investment products – The Buffer Annuity. This monstrosity of complexity is a variable annuity that does not use mutual funds in its sub-account. Instead it places…

The Meryl Streep Of Financial Salespeople

Imitation is supposed to be the highest form of flattery. This is not the case when your supposed “financial advisor” decides to imitate you! It is an established fact that financial salespeople selling high-fee variable annuities do not act in their clients best interests. They often walk on the wrong side of morality in order…

In Debt, We Trust

  “Compound interest is the eighth wonder of the world…He who understands it earns it…He who doesn’t, pays it.” – Albert Einstein Reverse compound interest is the most financially devastating force in the universe. We are speaking of credit card debt. This over $1 trillion time-bomb has Americans paying interest rates that can range from 20%-30%. This…

Extraordinary Claims Require Extraordinary Evidence

“Sh#t happens.” -Unknown Financial markets have no resemblance to a closed scientific lab. Physics and chemistry are based on successfully predicting future behavior; relying on these concepts when designing a portfolio is a recipe for disaster. To be a good investor, you need to be an historical scientist rather than a chemist or physicist. This means…

Every Time History Repeats Itself, The Price Goes Up

  “I have written too much history to believe in it.” Henry Adams The most important lesson history can teach us is: The unpredictable is the only thing that is predictable. Looking back to the past should not be used as a forecasting guide to the future. Expecting events to repeat themselves in order to profit from…