Welcome!

Business Ownership and Wealth Management

Dana Barfield

Subscribe to Dana Barfield: eMailAlertsEmail Alerts
Get Dana Barfield via: homepageHomepage mobileMobile rssRSS facebookFacebook twitterTwitter linkedinLinkedIn


Top Stories by Dana Barfield

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 developing a reputation as an oil company that took safety risks to save money. An explosion at a Texas refinery killed 15 workers in 2005, and federal regulators and a panel led by James A. Baker III, the former secretary of state, said that cost cutting was partly to blame. The next year,... (more)

A Little Encouragement...

I am not sure the origination of this quote, but it certainly is timely: "Hard work: All hard work brings profit; but mere talk leads only to poverty. Earnings: Never depend on a single source of income. Spending: If you buy things you don’t need, you’ll soon sell things you need. Savings: Don’t save what is left after spending; Spend what is left after saving. Borrowings: The borrower becomes the lender’s slave. Accounting: It’s no use carrying an umbrella, if your shoes are leaking. Auditing: Beware of little expenses; a small leak can sink a large ship. Risk-taking: Never test the dept... (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)

Social Security and Medicare Flap

The real budget issue at present (and it’s only going to get worse) is the structure and cost of entitlement programs. Bush’s defense and security programs in the aftermath of 9/11, as well as the TARP and Financial Institution bailouts, pail drastically in comparison to the unchecked increase in Social Security and Medicare that has already occurred and continues to take place. At the present rates of tax revenue and payment for entitlements, tax rates will have to double over the next 60 years. Yet the problem need not advance to this degree. IT CAN BE SOLVED. Paul Ryan’s “Road... (more)

Housing Crisis and Lower Income Home Owners

Finally the other shoe drops. On the front page of Monday’s USA Today, research done by Harvard University’s Joint Center for Housing Studies discovered “Homes that cost less hit the hardest.” The article details the fact the lowest price homes in markets all across the US have experienced price drops greater than homes which cost more. This is no surprise and it is the natural consequence of artificial incentives instilled into the housing market by the Community Reinvestment Act originally signed by Jimmy Carter, and subsequently updated in the Gramm Leach Bliley Act signed by ... (more)