“You know, Mr. Kennedy, we voted for you.”- Soviet Premier, Nikita Khrushchev The 2016 election may not have been the only U.S. election the Russians may have influenced. It turns out the 1960 nail-biter between Richard Nixon and John F. Kennedy may have been the scene of some Russian hacking. You could not find two more polar…
A Fiduciary, in Name Only
“I was selling JPMorgan funds that often had weak performance records, and I was doing it for no other reason than to enrich the firm … I couldn’t call myself objective.” JPM Adviser Disclosure is a very poor substitute for “best interest.” According to Barbara Roper of the Consumer Federation of America, investment firms are…
Oil and Water
Certain words should NEVER be used in the same sentence. Holocaust and joke, child and labor, and drinking and driving are some of the more obvious combinations that come to mind. On the the lighter side, a N.Y. Knicks’ fan might suggest “Dolan and Oakley” or “Knicks and defense.” You get the point. Investing has…
A Deal Too Good to Turn Down
It’s possible for your children to have an excellent credit score without them charging one single cent. Adding your child as an “authorized user” to your credit card is a gift that keeps on giving. According to Sean McQuay’s article, “How to Give Your Child Excellent Credit,” you can add a child of ANY age as…
No Victims in the Classroom
“Hey, listen. Nobody’s forcing you to be here. You have a choice. You can stay or you can leave… It may not be a choice you like, but it is a choice. There are no VICTIMS in this classroom!” — LouAnne (as played by Michelle Pfeiffer, Dangerous Minds) Dina here… Often when Tony and I speak with teachers regarding their…
The Destroyer of Worlds
1949 was a very bad year. “At a remote test site at Semipalatinsk in Kazakhstan, the USSR successfully detonates its first atomic bomb, code name “First Lightning.” In order to measure the effects of the blast, the Soviet scientists constructed buildings, bridges, and other civilian structures in the vicinity of the bomb. They also placed…
Screw the Gander!
What’s good for the goose is good for the gander? “Main Street over Wall Street” needs to be replaced with” Hypocrisy without limits!” First came the delay and possible dismemberment of the fiduciary rule. Part two is to scrap the idea of individual states providing retirement plans for uncovered workers. According to The Wall Street…
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…
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