Don’t Let Bad Information Doom Your 401K and Retirement Dreams

Investors relying on the mainstream media for investment research better rethink their strategy, and quickly. Garbage in, garbage out can ruin your 401K and destroy your retirement dreams. A recent Gallup Poll concluded: “Americans’ trust and confidence in the mass media “to report the news fully, accurately and fairly” has dropped to its lowest level in Gallup polling history, with […]

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Don’t Blow Your Retirement Nest Egg By Listening To Warren Buffett

Mr. Buffett is giving seniors and savers bad advice. “Diversification is protection against ignorance. It makes little sense if you know what you are doing.” – Warren Buffett. The Buffet theory acknowledges risk is mitigated by sector gains offsetting sector losses; however the opposite is also true – sector losses offset sector gains and reduces returns. His is willing to […]

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Does Congress Have the Courage to Break up the Banks?

It’s time to go back to the trust-busting days of yesteryear and break up the big banks. Does congress represent the people or special interests? Consumers lost when the Glass-Steagall act was repealed in 1999. It created banks, “Too Big to Fail”, with billions in taxpayer bailouts and mind-boggling fraudulent activity. Joseph Stiglitz, Nobel Prize winner in economics sums it […]

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The Sky is Falling! – Place your bets

Chicken Little proclaimed, “The Sky is Falling”, warning all who would listen. Wikipedia tells us, “…Chicken Little … is a folk tale … about a chicken who believes the world is coming to an end. The phrase ‘The sky is falling!’ … (is) … a common idiom indicating a hysterical or mistaken belief that disaster is imminent. Versions of the […]

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Promise them Pigs but deliver Pig Iron

I’m very afraid right now and I’m not alone. My life changed radically in 2008. I have written about the government pulling the financial rug out from under retirees. Today I will venture into new, uncharted territory. The Troubled Asset Relief Program (TARP) bill, signed by President Bush, authorized $700 billion to bail out the banks. In 2011, using information […]

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