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Business Ownership and Wealth Management

Dana Barfield

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Top Stories by Dana Barfield

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 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 Brokerage Account) 3) Mak... (more)

Unemployment – Causes and Consequences

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)

On the 4th of July – Independence Day

"This was the o bject of the Declaration of Independence. Not to find out new principles, or new arguments, never before thought of, not merely to say things which had never been said before; but to place before mankind the common sense of the su bject, in terms so plain and firm as to command their assent, and to justify ourselves in the independent stand we are compelled to take." --Thomas Jefferson "All that I have, and all that I am and all that I hope to be in life I am now ready to stake upon it; and I leave off as I began, that live or die, survive or perish, I am for the... (more)

Christmas Could Never Get Started Today

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)

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)