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Business Ownership and Wealth Management

Dana Barfield

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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)

Expect Liability Issues to Increase

Timeline of the 2010 Gulf oil spill legal cases: — April 20, 2010: An explosion and fire on the BP-operated drilling rig Deepwater Horizon kills 11 workers. Thousands of gallons of oil begin gushing into the Gulf of Mexico from the blown-out well. — June 16, 2010: BP agrees to put $20 billion into an escrow fund to settle economic injury claims by fishermen and various Gulf industries. — December 15, 2010: The Justice Department files suit against BP and eight other companies over the accident, asking they be held liable for removal costs and damages caused by the explosion and s... (more)

What Goes On In The Mind of Employers?

The Employee Meeting I would like to start by thanking you for attending this meeting, though it's not like you had much of a choice. After all, attendance was mandatory. I'm also glad many of you accepted my invitation to your family members to be here as well. I have a few remarks to make to all of you, and then we'll retire to the ballroom for a great lunch and some employee awards. I felt that this meeting was important enough to close all 12 of our tire and automotive shops today so that you could be here. To reassure you, everybody is being paid for the day --- except me. Sin... (more)

How to Avoid Investment Scams

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 scam: 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 ... (more)

New View of Retirement Planning

Wealth Management on Ulitzer Wealth Management on Ulitzer - Many financial firms are now claiming they have a "new plan", "new perspective", "new advice" for investors.  That their "green line" or "red zone" of expert advice will now provide investment and retirement guidance that will "take you where you want to go". What is this new ground b reaking advice?  How is it different from the advice they were giving two years ago? On the cover of recently received magazine it has the title "Tools of TRUE Diversification: Skillfully applied asset allocation can reduce a portfolio's ov... (more)