Tag: Investing Tales

FIXED VS VARIABLE ANNUITIES: AN ALTERNATIVE TALE

FIXED VS VARIABLE ANNUITIES: AN ALTERNATIVE TALE

Before making an investment decision people need to ask themselves, “Is there a better alternative? Is there something better to invest in than what I am considering?” If you routinely ask these questions, not only will it help you develop your investment acumen, you will be able to eliminate entire types of investment alternatives. FIXED VS […]

THE FINANCIAL TALES PHILOSOPHY: YOU ARE YOUR OWN FINANCIAL ADVISOR

YOU ARE RESPONSIBLE FOR YOUR MONEY While the buzz around the financial industry may have you believe that you have two options: You can act as your own advisor You can hire someone to act as your financial advisor That’s just not the case. You can’t delegate away all of your responsibility. Either way, you […]

HOW I FEEL ABOUT TODAY: THE SOFT LAUNCH OF “FINANCIAL TALES”

HOW I FEEL ABOUT TODAY: THE SOFT LAUNCH OF “FINANCIAL TALES”

Today marks the first day my book, Financial Tales, is available for all to read. How does it feel?  It feels as though my fifth child was just born. I have all the same emotions of hope, pride and grand expectations one associates with becoming a father.  You hope they turn out to do good, […]

THE NEED FOR PERSONAL FINANCIAL RESPONSIBILITY: A BASIC TALE

There’s a motto that conveys the core concept of our financial responsibility. This motto was prominently displayed on a plaque on President Harry Truman’s desk while he occupied the White House. It read “the buck stops here.” The motto or saying derives from the slang expression “pass the buck” which means passing the responsibility on to someone […]

A CHALLENGING TALE: “THE WEALTH CHALLENGE”

We learned in A Cyclical Tale the 4 stages of the successful wealth cycle and we learned in A Wealthy Tale the definition of wealthy.  This tale focuses on applying what we’ve learned by giving you what I call the wealth challenge. The wealth challenge is easy.  I describe a situation for a typical investor and you have to […]

HOW TO DEAL WITH HIGH INFLATION: A PURCHASING POWER TALE

HOW TO DEAL WITH HIGH INFLATION: A PURCHASING POWER TALE

Ideally, this tale should be read after An Inflationary Tale since combined the two explain concepts essential to every investor regardless of sophistication or investment objective.  In An Inflationary Tale we learned basic concepts about the cost of not investing money, the types of investors that benefit or are harmed from inflation and some basic principles about purchasing power and the relationship it […]

A TALE OF RECOVERY: “THE MATHEMATICS OF RECOVERY”

A TALE OF RECOVERY: “THE MATHEMATICS OF RECOVERY”

My daughter tells me that I need to write a tale that speaks about percentages.  She says people don’t understand the way money grows and until they do, they can’t really develop an investment approach.  This tale is basic and should be read along with A Compounding Tale and if you don’t understand this tale you need to […]

THE INVESTMENT ADVISOR SEARCH: A FAIRY TALE

THE INVESTMENT ADVISOR SEARCH: A FAIRY TALE

Wouldn’t it be fantastic if there were a magic mirror that could lead us to the perfect advisor, even if it was ourselves?  If this magic mirror existed the world would certainly be a more abundant place.  Alas, it is a fairy tale.  Finding the right advisor is difficult and whether recognized or not ranks […]

A CYCLICAL TALE: “THE BIRD CYCLE”

A CYCLICAL TALE: “THE BIRD CYCLE”

Growing up on the outskirts of Baltimore I was destined to be a Baltimore Orioles baseball fan.  The bird was ever present.   Later when I attended Johns Hopkins University the Blue Jay was our mascot and I became an avid lacrosse fan.  With the Oriole and the Blue Jay I was getting a double dose […]

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