I found this ad in today’s WSJ. I scanned it in and pieced it together (you can click on the picture to see the full ad):

WSJ Lawyer Ad 11-23-2015

Question: how can this lawyer legally call this person out like this? Thoughts?

NOTE: This is a guest post as a favor to a friend.

As a Registered Investment Advisor, we’ve made anticipatory preparations while the U.S. Department of Labor (DOL) works to finalize new fiduciary requirement regulations


One of the tools we’ve sought out to address the regulator’s concerns is Riskalyze™, a software platform we believe will help our firm satisfy the anticipated DOL changes.

One thing is certain, there will be winners and losers with rule changes. It remains to be seen if clients will be the ultimate winner at the end of the process.

About: Todd Hickman is President and co-owner of Asset Growth Associates, a financial services company located in Beaumont, TX. Mr. Hickman is an Investment Advisor Representative with Texas Registered Financial Consultants, PLLC, a Registered Investment Advisor located in Beaumont, TX.

For over 14 years, Mr. Hickman has spoken about financial issues to the Golden Triangle on his weekly News Talk 560AM radio program, “That’s The Bottom Line with Todd Hickman and Gene Vallorani.”

To test drive Riskalyze™ for free visit WhatIsMyRiskNumber.

My Kids…

November 21, 2015 — Leave a comment

My wife and I are very blessed…


Oil at $20 a Barrel?

November 20, 2015 — 1 Comment

Supply and demand.

Everything comes down to supply and demand.

I’m not certain of all the events that took place to get us to where we currently are, but suddenly the world has way more oil than it is using. I saw an aerial photo recently of oil being stored in tankers—lots of tankers—off the coast of Galveston, TX. The situation has gotten to the point that Goldman thinks oil at $20 per barrel is a likely scenario. This is definitely not good news for companies that rely on a higher oil price in order for their economics to work.

That said, with all things economics, there will be winners and losers. Lower oil prices will translate into cheaper gas prices at the pump. It will also mean cheaper fuel for transportation and shipping services. The downside is that many people in the oil industry will be out of jobs, something this economy cannot handle.

This could be potentially bad news for users of Mint and other similar services.

According to this week’s Barron’s, banks might be moving to restrict data flow that companies like Mint use to aggregate user’s accounts. Banks claim this is due to demands put on their network connections. I find this hard to believe, but it doesn’t surprise me that banks would say such a thing. As the article mentions, I think this is much more about competition.

This news doesn’t affect me too much because I don’t use a service like Mint. I have never been a fan of one company having access to all my account passwords and information.


November 13, 2015 — 3 Comments

Who teaches these kids this silliness? Where do these ideas come from? Happy Friday, everyone!

From this morning’s Fortune CEO Daily email:

Oil prices are unlikely to return to $80 a barrel before the end of the decade, the International Energy Agency said this morning. And if OPEC continues its policy of pumping oil at record rates to increase market share, they could remain close to $50 a barrel through 2020.

The agency’s World Energy Outlook is closely watched by the industry, and its new report is likely to dash any remaining hopes of a quick oil rebound. Slower global demand, improvements in efficiency, and growth in alternative energy sources are all taking their toll. You can read the full report here.

The agency also noted that wind and solar energy accounted for half of all new power plants in 2014 – while growth of coal is slowing, after rising to 29% of the global energy mix from 23% in 2000. But the agency warned that more conventional generating capacity will have to be put in place in the coming decades to deal with the intermittent nature of wind and solar. You can see the effects these days in Texas, where an abundance of wind energy has led companies to offer free electricity between 9 p.m. and 6 a.m.

It’s amazing to me that experts can predict this, but they couldn’t predict the drop in price in the first place. I don’t remember seeing or reading anything forecasting oil prices dropping in 2013 or 2014. Anyone else? Did I miss something?

Maybe this will put to rest the idea that big oil sets the price of oil. I can promise you that if they did control the price, oil wouldn’t be sitting at under $50 per barrel right now.