Late Bloomer Wealth

Month: January 2014

Why Market Timing is Bad for our Financial Health. It’s cunning, baffling, powerful and WRONG!

I have listened to Index Fund Adviser’s podcast for years and offer excellent financial information on their website too. I wanted to show you their latest video podcast. Wow! It’s great for beginning and seasoned investors. Consider this, if your grandfather invested $1000 for 70 years from 1942 and ending in 2011 with three different …

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Sensible Plan for Retirement–Starting in Your 30s or 40s. Yikes! Are we too late?

Saving and Investing in Your 30s and 40s By Guest Author Michael Vincent If you spent your 20s having fun and not taking your finances seriously, you should start being more proactive in managing your finances in your 30s or even 40s. This is because you’re at that point in your life that you should …

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Chapter 9: Genuine Financial Transparency–Case Study Demonstration

Attention: This post is an early version of Chapter 9 in my book Fighting Powerful Interests. You can download the entire book for free by clicking here.  Chapter 9 2006-2011 Alexander the Great untied the Gordian Knot with his sword. Previous attempts to solve the impossible entanglement by conventional approaches were unsuccessful. Whoever unraveled the …

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Entire Article (All Ten Posts)

Note to new readers: This blog post is published in my free PDF download book, Fighting Powerful Interests on the home page of my blog. The tables and charts in this post are much clearer in the book. Just scroll down on the home page until you see this book:  Subscribe to my blog and …

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Genuine Financial Transparency Demonstrated, Final Part 10

AIG went Bankrupt Facebook readers: For the full article click here. In the wee hours of Monday morning September 15, 2008, Lehman Brothers, the fourth largest investment bank, declared bankruptcy. Lehman’s event was reported to have triggered the 2008-2009 financial meltdown. In the ensuing months the entire country and the world experienced the greatest economic …

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Genuine Financial Transparency Demonstrated, Part 9

PART 9 (out of 10) SST Talks to LAUSD’s Chief Financial Officer In a desperate attempt to get things moving, our lead consultant talked to the CFO. She told her to respond to the committee motions. The consultant might have scared the bejesus out of her by threatening that as the fiduciary she could be …

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Genuine Financial Transparency Demonstrated, Part 8

PART 8 (out of 10) Not so fast. First the New Chair Not everyone accepted SST Consultants with open arms. Along with a new consultant LAUSD appointed a new Chair. According to the Bylaws our committee Chair was the LAUSD Benefits Administrator. David moved to another position and his assistant was appointed. A “fight” between …

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