FINRA (Financial Industry Regulatory Authority) has just published an article
on Avoiding Investment Scams which is available below:
FINRA Avoiding Investment Scams
This article is six pages long, and depending upon your perspective, either
teaches you how to run an investment scam or how to recognize one. It
however, does not teach you how to avoid one in the first place.
Here is a reprisal of the earlier piece we did on how to AVOID an investment
This is what you have with The Barfield Group and what you can tell your
friends: It is very simple, but oh so effective:
1) Have the assets held in custody at an independent, well recognized
custodian (Ameritrade, Schwab, Fidelity, E-Trade etc).
2) Make your checks out to the name of your account and make certain you have
a segregated account titled in your name (i.e. Tom Jones IRA or Tom Jones
3) Mak... (more)
Somewhere on the internet last week, mention was made that unemployment for
high income people was (essentially) non-existent, while extremely high for
low income earners. I was able to track down that data for the fourth quarter
of 2009. Here it is by income:
As you can clearly see the lower income levels are experiencing the greatest
difficulty finding jobs. Interestingly enough, this data is not making its
way into the mainstream. But even more interesting is the set of
“circumstances” that has caused this, or at least occurred in the same
approximate time frame.
Minimum Wage... (more)
So I’m reading the news today and I discover an article about a father
whose child needs additional medical care that his insurance company does not
want to pay for. Most people’s response is one of horror and anger and
“this is why we should have ‘ObamaCare’”. But some very interesting
facts get omitted in the bombast and rush to judgment.
First, the insurance company is a Dutch insurance company, obviously
headquartered in Europe. As you have no doubt seen, heard, and read (ok,
you’ve been inundated) there are tremendously stressful financial and
economic issues going on in ... (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)
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 so... (more)