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Anybody for a Tea Party? |
Apr 13, 2009 |
Some people try to defend the practice of earmarks with three arguments: First that earmarks only account for 1.9 percent of the budget; second that earmarks stimulate the economy; and third that earmarks support many worthy causes. But in each case, the harm done by earmarks is much worse than the average citizen believes.
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Government-Provided Economic Security Is an Illusion |
Feb 19, 2009 |
The various congressional bailouts have been touted as essential to the nation's economic security. So long as the notion of economic security remains vague and abstract, it has wide support. But anyone who examines the details should realize this so-called security threatens our freedom and stability.
Security can be understood in two different ways. The first is having enough to eat, a place to live and clothes to wear. We all can agree that in our affluent society we can afford to provide every citizen some minimum standard of living so those falling on hard times may be given a hand back up.
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Recognize and Avoid Financial Hooks |
Feb 11, 2009 |
To safeguard your money, you must be able to extricate yourself from any bad investment quickly. Of course, the companies that sell mistakes don't want you to be able to do that, so they use financial hooks to hold your money captive.
Any financial product with a surrender value significantly different from the net asset value has financial hooks. For example, take the different classes of mutual funds from the giant American Funds: Growth Fund of America.
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Financial Resolutions For the New Year |
Dec 24, 2008 |
Every year, many of us make New Year's resolutions and then can't follow through because we claim we're too busy. The most common priority — if another hour can be found in the day — is to spend more time with family and friends. The second one on the list is to find time for physical fitness. But given two extra hours, far too many of us just work that much longer on our backlog of pressing responsibilities.
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Avoiding Another Lost Decade |
Oct 24, 2008 |
Many investors are panicking. From its peak in March 2000, the major market indexes still show significant losses. Even looking back over the past 10 years provides little comfort. The news media is calling it "the lost decade."
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| CLICK HERE FOR THE FULL STORY |
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