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
overall risk profile." Was the prior advice to do a FALSE
diversification? Was the financial "advisor" who recommended this
1. What most people were advised to do regarding their investments over
the last 20 years didn't protect them at the time they needed prot... (more)
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)
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)
Several days ago I wrote a piece on Unemployment and the disparities existing
between upper and lower income workers. In that piece, I mentioned the
negative impact that illegal aliens have on wages and job opportunities for
those that are already suffering in this economy. Several folks took offense
that I would discuss this subject directly as I did. This is my additional
thinking on the subject:
1. I speak from a position of personal experience and direct knowledge on the
subject, having played a significant role in three different people
emigrating from three different nation... (more)
Typically, when an event occurs that causes a stock’s price to drop
significantly we would look at that stock as a potential investment. This is
not and will not be the case with BP.
Our first criteria for investment, is that the business be one of significant
quality. BP cannot be considered quality. As David Leonhardt pointed out in
his May 31 New York Times article entitled “Spillonomics: Underestimating
Risk”. BP has been a company seeking profits to the exclusion of other
equally serious responsibilities.
Leonhardt wrote, “Years before the Deepwater Horizon rig blew, BP was ... (more)