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Business Ownership and Wealth Management

Dana Barfield

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Top Stories by Dana Barfield

Wealth Management on Ulitzer On February 27, 2009 I wrote these words in an article entitled "Are Things Improving?" "6) There are only two things you can buy at unusual discounts these days: A new car and stocks. These prices are beginning to attract takers. If things were as dire as CNBC said, all other stuff would be cheaper". "7) As the companies we own have reported earnings, most of them have beaten expectations. In other words, the businesses continue to perform even though the stock prices are not. What you own continues to become more valuable. Over the next 5 years, the prices of these stocks will reflect that increase in value. Patience is how we will capture it". At the time I spoke of stock prices at the end of February and beginning of March as once in a life time opportunities.  Look at this chart of Nike and what you see is that the price in late Febru... (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)

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)

Investment Brokers and Investment Advice

“No clever arrangement of rotten eggs makes a good omelet."                   – C.S. Lewis After going to see the movie Wall Street and observing Carl Levin railing against Goldman Sachs the other night on CNBC, the quote above seems quite apropos. While I am not a raving fan of firms like Goldman, Merrill Lynch, Fidelity, and UBS, I also do not consider them a mortal enemy. In other words, this type of firm has its place – it’s just not providing direct investment management advice for non-financial experts. These firms are essential – they are the ones who create markets for inve... (more)

Common Sense Financial Regulation

In the past I have advocated the reinstatement of the Glass Steagall Act, a law passed in 1932 (obviously in the midst of the Great Depression) that required a financial institution to either be an investment bank or a commercial bank, but not both. A commercial bank takes in only deposits and makes money only by loaning that money out at interest, period. An investment bank takes equity positions, trades for its own account, and entices others to invest along with, or in spite of, themselves.  Glass Steagall provided a great wall of separation between the two activities - one wh... (more)