“Putting America First”

Posted Leave a commentPosted in Ethics, Leadership, News and Politics, Wealth Management

This week the president-elect said “My agenda will be based on a simple core principle, putting America first”. Perhaps no single sentence could state so succinctly what is wrong with Trump’s thinking.  This strategy may have worked well in building a real estate empire but it is just as likely to lead to disaster, tragedy, […]

New study give insights to ‘Upper Middle Class’

Posted Leave a commentPosted in Financial Planning, News and Politics, Wealth Management

A new study released last month by Urban Institute titled  “The Growing Size and Incomes of the Upper Middle Class” by Stephen J. Rose investigates shifts in household income in the United States. The most obvious conclusion is that the portion of Rich and Middle Upper class households have grown sharply over the past 25 years while […]

“Could crowdfunding be the next big investment scandal?”

Posted 1 CommentPosted in Crowdfunding, Investment, Wealth Management

British newspapers are buzzing this week with headlines like “Could crowdfunding be the next big investment scandal?” Let’s be clear about a few things here in the U.S: The reference to “investment” means that we are discussing equity crowdfunding. This is different from most types of crowdfunding that you’ve heard or read about. Buying stock […]

The demand for alternative investments

Posted 1 CommentPosted in Crowdfunding, Investment, Wealth Management

Establishing a safe stream of investment income has been a significant challenge for investors and the challenge seems to be expanding. The Wall Street Journal today reports “There is now $13 trillion of global negative-yielding debt, according to Bank of America Merrill Lynch. That compares with $11 trillion before the Brexit vote, and barely none […]

Bala Cynwyd investment scam hits close to home

Posted Leave a commentPosted in Financial Planning, Investment, Leadership, News and Politics, Scam, Wealth Management

Hardly a week goes by that I don’t read about some homeowner being defrauded by an unscrupulous building contractor or an elderly person being lured into an investment scam. I’ve written and talked about dozens of such schemes over the past three decades. Yet year after year the stories keep coming. The latest incident occurs […]

How to copy Trump’s financial success

Posted Leave a commentPosted in Financial Planning, Tax Planning, Wealth Management

Comedian Steve Martin did a routine in the late 1970s on “how to be a millionaire”. A million dollars seemed to be a lot more money back then and a worthy goal for many. The January 21, 1978 skit on Saturday Night Live was performed for all of America: “You can be a millionaire and never pay taxes! […]