Category: Cautionary Tales

WHAT SHOULD I TEACH MY KIDS ABOUT MONEY? AN UNEXPECTED TALE

WHAT SHOULD I TEACH MY KIDS ABOUT MONEY? AN UNEXPECTED TALE

As a young boy I was blessed to know and learn from my Uncle Segundo or Tio Segundo as I knew him. He like so many other relatives came to live with my family for a short time as they fled their beloved Cuba to make a new home in the welcoming arms of the […]

A LARGE TALE: “TURN ON THE AIR”

A LARGE TALE: “TURN ON THE AIR”

This tale is very short and has one purpose and one purpose only.  It is to recommend that when you work with an advisor that you meet face to face with the advisor and preferably in your home.  I say this because on more than one occasion I was able to make recommendations that were completely outside […]

A HOMEOSTATIC TALE: “A BRAVE NEW WORLD”

A HOMEOSTATIC TALE: “A BRAVE NEW WORLD”

One of the great gifts that humans have is the ability to self-regulate. For example, the body’s ability to maintain a constant temperature stems from its ability to self-regulate and is called homeostasis. Unfortunately we have no simple term or way to describe homeostasis in a culture, society, country, etc. We simply call it regulation or […]

A LUMPY TALE: “LUMP SUM OR PENSION?”

A LUMPY TALE: “LUMP SUM OR PENSION?”

I write this tale because every day people that are soon to retire must tell their employer if they want to receive a lump sum for all their years of service or a lifetime annuity. This is a complex decision and one that once made can’t be reversed. They often enlist the services of advisors […]

FAMILY SAVINGS: A TALE OF TEAMWORK

FAMILY SAVINGS: A TALE OF TEAMWORK

An essential component of financial success is the need to assemble a team of trusted advisors. Other than practicing the discipline of saving money I think it’s the most important component to financial success. This tale follows A Tale of Gender because we also know that money knowledge isn’t gender specific and that women must understand how it […]

A THIEF’S TALE: “DIAMOND GIRL”

A THIEF’S TALE: “DIAMOND GIRL”

This tale focuses on a common investment pitfall. I call it stealing. It was a normal scam since it appealed to the victim’s common sense and trust. I was asked by a friend to review his girlfriend’s portfolio. Her name was Pam. He said it looked fishy but he wasn’t sure. He was particularly concerned […]

A TALE OF DUTY: “WHAT IS THE COMMON SENSE APPROACH TO INVESTING?”

A TALE OF DUTY: “WHAT IS THE COMMON SENSE APPROACH TO INVESTING?”

My father-in-law was a wise old Yankee from Massachusetts when I met him at the ripe old age of 63.  He was 17 years older than my mother-in-law, and because he had spent most of his career as a State Department diplomat, I would listen closely to what he had to say since his world […]

A TALE OF GENDER: “CHURN AND BURN”

A TALE OF GENDER: “CHURN AND BURN”

This tale is especially for my two daughters and those women that will find themselves single at some point in their lives. This is a Cautionary Tale as well as an Innocent Tale and one that must be embraced. The moral of the story is that since women outlive men, marry later today than a generation ago and divorce is […]

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