This time of year is a favorite for children of all ages – I happen to be
one of these kids – in part because of the television programs that are
shown around Christmas.
A Charlie Brown Christmas, Santa Claus is Coming to Town, Rudolph the Red
Nose Reindeer, and How the Grinch Stole Christmas, have been favorites of
mine since TV went from exclusively black and white to poor quality color.
This is no coincidence as these programs were made in the mid 1960’s.
As I was watching this year, it occurred to me that if at this time in
history Christmas had not yet been established, if somehow Christmas needed
to be “started” in 2009, it wouldn’t stand a chance. Christmas would be
doomed before it ever got started.
First of all, the only time you can say Jesus Christ anymore is when you hit
your thumb with a hammer.
You can’t mention Him at City Hall, you can’t display a crè... (more)
I am not sure the origination of this quote, but it certainly is timely:
"Hard work: All hard work brings profit; but mere talk leads only to poverty.
Earnings: Never depend on a single source of income.
Spending: If you buy things you don’t need, you’ll soon sell things you
Savings: Don’t save what is left after spending; Spend what is left after
Borrowings: The borrower becomes the lender’s slave.
Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the dept... (more)
What do you expect from your doctor? Simply, that he/she will diagnose, test,
prescribe, and treat what is in your best interests, period. In 1910, Dr.
William J. Mayo told the graduating class of Rush Medical College, “The
best interest of the patient is the only interest to be considered”.
Interestingly enough, this quote appears today on the Mayo Clinic Web Site (A
close friend and family member of ours works there).
Should you expect a financial advisor to also “do what is in the best
interest of the [client]”? Surely Bernard Madoff is the exception - simply
the bad guy in an... (more)
Wealth Management on Ulitzer
These words remain very clear in my mind, but they were shocking to me (as
they probably are to you) the first time I heard them. In fact, when the man
made this statement to me, it took me so far aback, that he had to repeat
them. “I’m basically a whore,” he says sheepishly and with regret in
his voice. Of course I said, “What to you mean?”
The man who made this statement was the Michigan based marketing head of a
money management firm headquartered in Connecticut. He was responsible for
bringing new money into the firm for investment. He didn’t manage... (more)
Let’s make clear what is happening today, what relationship this bears to
the Standard & Poor’s downgrade of the U.S. financial system, and how it
affects your plan for retirement.
There is some legitimacy to the concern over the debt rating reduction. For
as long as anyone can remember the United States of American has been the
gilt-edged standard of financial wherewithal and responsibility (70 years to
be exact). To be downgraded, though somewhat symbolic, is a shock to the
S&P’s concern is the amount of debt we now have; in excess of $14.5
trillion today, which is $ 4 ... (more)