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)

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)

Strongest Financial Temptation

We’re at an important point in the investment markets.  This fact was driven home this morning by an article which appeared in today’s edition of the Dallas Morning News (Friday March 9). If you’ll think back with me many, many people were hurt very badly in the market meltdown of 2008 and 2009.  If has been three years ago today exactly since the investment markets began a recovery.  Clients, who have been with The Barfield Group since 2009 or before, know we invested large amounts of money ON March 9, 2009.  As a result, we have made a tremendous amount of money in the time sin... (more)

About Greece and Europe:

(December 11, 2009) – Greece’s prime minister, George Papandreou, told reporters in Brussels on Friday that European Central Bank President Jean-Claude Trichet and Luxembourg Prime Minister Jean-Claude Juncker see “no possibility” of a Greek default, Bloomberg News reported. Papandreou also said that there was no possibility of Greece leaving the euro area, according to the report. (January 29, 2010) – There is no bailout and no “plan B” for the Greek economy because there is no risk it will default on its debt, the European monetary affairs commissioner, Joaquin Almunia, insiste... (more)

8 Reasons Greg Smith Matters

This blog is written for investors and as such we focus on investor issues.  Something happened on Wall Street this week that matters to us. A Goldman Sachs Vice President named Greg Smith resigned and gave his specific reasons for doing so in a New York Times Op/Ed piece entitled, “Why I Am Leaving Goldman Sachs.” In his piece, Mr. Smith discloses what most everyone already knows: the financial services business is largely conducted at the expense of the customer/investor.  Financial firms essentially transfer wealth from customers to themselves all under the guise of “advice” or ... (more)