 The Wild Wild World of Wealth |  |
Here’s another one for my reading list: The Zeroes by Randall Lane. I discovered the book yesterday while reading his post on The Daily Beast. In case you missed it, here’s a snippet of what he had to say about Jim Cramer’s endorsement of Lenny Dykstra’s stock-picking prowess:
Inside Edition: “It’s been reported that Madoff said, ‘Screw the victims.’ What’s your response?”
Answer in chorus: “He already did.”
Read more by clicking on the title above.
Only 9% of Boomers are planning to make a Roth conversion in 2010, but 57% aren’t even aware of the opportunity.
There are lots of reasons to love the Roth IRA:
Click on the title above to see why.
There is no such thing as a legally recognized “specialist” in the field of Asset Protection, as the Bar Associations of most jurisdictions recognize only a handful of certified specialties including personal injury, maritime law, domestic relations law, and bankruptcy, among others.
That being said, there are practitioners that have achieved “expert status” simply by doing good work that withstood the test of time for many people. Despite the differences in strategy and opinion many of these reputable planners may employ, there are some factors that we all have to address in both new plans and in the all too common instances where we have to rehab or salvage poorly executed planning.
Here is a short summary of issues to keep in mind when addressing this crucial issue; please bear in mind that information in forums like this is not specific to you, is written in the broadest terms and is never a substitute for consulting with an experienced professional:
The news is out. US prosecutors are investigating several Morgan Stanley CDOs. Like the Abacus inquiry at Goldman Sachs, the issue is what representations Morgan Stanley made to clients. How did the bank market those Weapons of Money Destruction? Here’s what The Wall Street Journal reports:
Among the deals that have been scrutinized are two named after U.S. Presidents James Buchanan and Andrew Jackson, a person familiar with the matter said. Morgan Stanley helped design the deals and bet against them but didn’t market them to clients. Traders called them the “Dead Presidents” deals.
So without further ado, I’d like to play a little song for my friends from Morgan Stanley. I give you Little Walter and Dead Presidents:
The Huffington Post posted this video of a trader freaking out last Thursday. If you haven’t seen this video yet, spend a few minutes on this one.
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