Been reading more about President Trump’s infamous wall…Got me thinking about the time I sat down to chat with this master mason. What is a master mason? It’s a person who is an expert at cutting bricks and stones, designing (and building) walls, walkways, and a bunch of other structures. Anyway, something stood out to […]
Archives for March 2017
My heretical thoughts on indexed universal life insurance
A self-proclaimed financial expert (who is also a lawyer in real life) emailed me (after I downloaded a whitepaper of his) to tell me my simple approach to financial planning was very lazy and not client focused. I told him he misspelled “effective” and erroneously included the word “not.” His reply? He told me the consumer […]
More stoopid financial advice that don’t make no sense
One of the sacred cows in financial planning is “diversification.” Financial planners will bend over backwards to practically force their clients to adopt such a strategy… even when the client isn’t comfortable with the idea. Case in point: An investment firm I know of (which I don’t want to endorse) recently told a client to […]
Investment advisor horror story
Investment advisor Tony Liddle tells Forbes investing horror story: Here’s the juicy part: “… within eight months the stock had fallen drastically from its high losing 96 percent in value.” Apparently, one of the firm’s clients retired with about $4 million in his company’s stock. The client was in love with it. So much so […]
Double doo dinero secrets
He did it to me again. I take my dog Fez outside to do his “business,” if you know what I mean. And… he finishes with his little gift… so I whip out the doo bag and clean up after him… He wanders away… … and then… as I’m tying a knot in the bag […]