I was a psych major, and I was surprised that a financial related article was published in their popular magazine, Psychology Today. It was so good I wrote the following response. But first read their article: Click here. We live in Palm Springs and we see widows that are left with a bundle of money and …
Psychology Today Magazine Published a Wonderful Personal Finance Article! Read More »
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 …
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 …
Chapter 9: Genuine Financial Transparency–Case Study Demonstration Read More »
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 …
Genuine Financial Transparency Demonstrated, Final Part 10 Read More »
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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PART 7 (out of 10) Victory for the Employees At the next meeting, one of our bright and savvy committee members, Alan, brought a 401k lawsuit that was in the mainstream news. He started talking about the article and how the lack of transparency, especially revenue sharing, had precipitated a lawsuit against the sponsoring company. …
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PART 5 (out of 10) Most Expensive Funds The remaining eight funds were too expensive, in my opinion. All five Lifecylce T. Row Price funds, Turner Mid-Cap Growth, Janus Mid-Cap Value and Davis NY Venture A cost over 1.0% total cost. At 1.35% Turner Mid-Cap Growth, the highest cost fund, would grow in somebody else’s …
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Part 3 (out of 10) School Districts’ Love Affair with Insurance Companies PreK-12 school districts are rampant with insurance companies’ 403b products. So, choosing an insurance company should not be a surprise. We experienced this dance before—this decision to select AIG-VALIC was contradictory to Mr. Tischler’s vision. The American Federation of Teachers’ (AFT) also produced …
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Mercer Consultants Mercer’s rep marched to the podium with a briefcase and stacks of reports, wearing a smartly dressed dark suit. I got a heads-up about Mercer from my professional friend, Brian Cressey. Without hesitation he said “Mercer is the crème de la crème of retirement plan consulting firms.” Their website showed they’re a huge …
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Part 1 (of 10) Genuine Financial Transparency Demonstrated 2006-2011 Alexander the Great untied the Gordian Knot with his sword. Previous attempts to solve the impossible entanglement were unsuccessful by conventional thinking. Whoever unraveled the maze would become King of ancient Phrygia. Zeus was so pleased with Alexander’s shrewdness he granted royal status and a lifetime of …
“Genuine Financial Transparency Demonstrated” Part 1 Read More »