Archive for February, 2010
Next Entries »The 10,000 Wall…
Tuesday, February 9th, 2010Here’s an interesting tidbit I learned in a front page article on yesterday’s market action in today’s WSJ: The 10000 mark on the Dow has been a frustrating milepost for American investors. The benchmark has crossed above or below the 10000 mark 57 times since first rising above that level in 1999—effectively meaning it has [...]
Madoff vs. Social Security: Which One’s the Scam?
Tuesday, February 9th, 2010Financial planner, Russ Thornton, posted a link to this Neil Boortz piece on his facebook page. It’s a comparison of Madoff’s scheme vs. the Social Security scheme. I like this graphic, which I copied and resized so it would fit on my blog: Boortz isn’t defending Madoff. Rather, he’s showing that Social Security really isn’t [...]
My Perspective on the Deficit and “Spending Cuts”
Thursday, February 4th, 2010According to an article I read in the WSJ the other day, the US is expected to run a $1.6 TRILLION deficit this year. President Obama has gone through the budget and supposedly cut $20 billion in spending. Okay, when you toss around a number like $20 billion, you might think, “Wow! That’s a lot [...]
Maybe They Should Just Stick to Cash
Wednesday, February 3rd, 2010From a front page article in today’s WSJ (bold mine): Norfolk County, Mass., has only a small pension fund, but it is a big player in court. Two weeks ago, the fund joined with two others in a shareholder suit against drugstore chain CVS Caremark Corp., whose stock had fallen. It was the 12th time [...]
The Middle Class Will Face Tax Increases Too
Tuesday, February 2nd, 2010Don’t have time to discuss but thought this was an interesting piece by Terri Cullen: Backdoor Taxes to Hit Middle Class.
What Are Your Thoughts On These Proposed 401(k) Changes?
Tuesday, February 2nd, 2010Interesting article on Obama’s plans for retirement savings programs. I want to focus on the proposed changes for 401(k) plans (from the article). The proposed 401(k) Fair Disclosure and Pension Security Act, for example, would: • Require 401k plans to disclose fees on workers’ quarterly statements as a dollar figure taken from participants’ accounts. • [...]
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