This week from the Daily Telegraph of London, it’s reported that a gang of German Pensioners kidnapped and tortured a financial adviser after he lost their money on a Florida property investment scheme. The adviser was held in the basement of a vacation home, and over a period of four days was burned with cigarettes, … Continue reading
A recent sting operation perpetuated on several Big City Banks by a smallish Hedge Fund puts my Schadenfreude Meter off the scales. This one feels even better than a vicious lawyer joke. Let’s see if I can explain what they did. [Note: the following narrative is based on an article in the Wall Street Journal … Continue reading
In these tough economic times, some folks are using Reverse Mortgages to access the equity in their homes and get cash either for spending or to pay off their conventional mortgage. It’s an idea whose time has come; and not a bad option in some circumstances. But even better, especially if you are further from … Continue reading
When I was still working there was never enough time in the day. Now that I’m retired, there’s even less time. Which makes no sense, but there you have it. So I am always looking for ways to save time, or at least waste less of it. One of my major, serious, time sinks was … Continue reading
Let’s start off by saying that Coffee Cards are a great gift item! I received one for a special occasion the other day, and it provided me many hours of pleasurable sipping and lounging around at my local Peet’s. Brilliant. But the mystery to me is that these cards are marketed as “re-loadable debit cards”; … Continue reading
I’m sitting here listening to a supposedly very knowledgeable financial analyst being interviewed about the market for muni bonds. He gets paid to talk, the reporter gets paid to talk. But ‘the expert’ can’t offer any actual advice because he might be wrong and then he will be sued. Resulting in a total waste of … Continue reading