Business Ownership and Wealth Management

Dana Barfield

Subscribe to Dana Barfield: eMailAlertsEmail Alerts
Get Dana Barfield via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn

Top Stories by Dana Barfield

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)

Financial Advisor’s Business Model Costing You Needlessly?

When I started this firm twenty years ago this coming April, I didn’t start with a blank slate. I started this firm already possessing eight years of experience in what not to do. Permit me to explain.  I started my career with an insurance agency that disguised itself as a financial planning firm – never got a single client as I knew something was seriously wrong – so I lasted six months. Turns out these folks were selling stamp and coin “portfolios” for two to three cents on the dollar. If you gave them $50,000 they would acquire a block of “valuable” stamps and/or coins, actua... (more)

To All My Valued Employees…

“There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing political landscape in this country. Of course, as your employer, I am forbidden to tell you whom to vote for - it is against the law to discriminate based on political affiliation, race, creed, religion, etc. Please vote for who you think will serve your in... (more)

What You Don't Know Will Hurt You

The fees and expenses we charge our customers are substantially lower than our competitors. The disclosure of the expenses we charge is full and complete every quarter, both directly from us and confirmed through the monthly statements of the third party custodian. Some of our competitors never fully disclose their charges. This is a partial reason our results including all fees, expenses, and dividends have surpassed the S & P 500 by such a substantial margin. Do you know someone who could benefit from our work? Send them this e-mail using the link(s) below or e-mail me at dana@th... (more)

Past Holding Illustrates Future Concern

For more than the past year we have owned quite a bit of Wells Fargo. A year ago it traded at about $30 per share and today it trades at close to $30 per share. Why didn’t we sell it? 1. Alan Greenspan did not know in advance that this crisis was coming. I didn’t either. By definition it is not possible to predict irrational behavior. 2. Selling wasn’t necessary to still have excellent investment returns. Because I was confident that what did happen would happen. It would go down and it would bounce back. 3. Because instead of selling into a fire sale, I bought in accounts that I ... (more)