On February 13th the Bank of America Corporation began to offer credit cards to customers without Social Security numbers (illegal immigrants). File this one under slippery slope. For year’s banks all across the country have been offering checking accounts and mortgages to “undocumented immigrants.” Credit cards were a natural progression of business as usual. The […]
“Are investors waking up and smelling the dividends?” According to Eaton Vance Corp’s Eighth Annual Investor Study found that 45% of surveyed Americans stated that they have increased their investments in dividend paying securities over the past three years compared with only 16% who said they have decreased dividend investments. 73% of Americans surveyed agreed […]
“Are investors waking up and smelling the dividends?” According to Eaton Vance Corp’s Eighth Annual Investor Study found that 45% of surveyed Americans stated that they have increased their investments in dividend paying securities over the past three years compared with only 16% who said they have decreased dividend investments. 73% of Americans surveyed agreed […]
A problem that many retirees with significant amounts of company stock inside a retirement plan are encountering is good ole Uncle Sam. Rather than follow the conventional wisdom that is pushed down your throat by ignorant brokers and financial firms who are telling you to roll it all over, we have a better way. A […]
There are two types of investment advice available to investors; brokerage accounts and advisory accounts. The unfortunate and painful reality is that not only are investors unacquainted with the significant discrepancies between the two, they are unaware that there is a difference. In a 2006 Investor Perception Study… 54% of investors held the false belief […]
There are two types of investment advice available to investors; brokerage accounts and advisory accounts. The unfortunate and painful reality is that not only are investors unacquainted with the significant discrepancies between the two, they are unaware that there is a difference. In a 2006 Investor Perception Study… 54% of investors held the false belief […]
I am no mathematics expert, (I have made fun of my lack of talent on these pages and on the show) but at least I can do basic algebra. It turns out that “the smartest guys in the room,” some of Wall Street’s biggest brokerage firms cannot even do that. Judith Burns of the Wall […]
In an unfortunate trend that we are witnessing more and more frequently is the misuse of the radio airwaves to sell penny stocks, annuities and other high commission low-value investment products or once-in-a lifetime business deals. In a Wall Street Journal article by Jennifer Levitz she interviews Rick Santos, Manager of WLQY AM in Miami, […]
We are in the midst of the heralded, oft-discussed and propagandized “First 100 Hours of the 110th Congress,” and I have to admit I spent a great deal of time watching CSPAN the first two weeks. Some of the rhetoric, dialogue and legislation was so over the top, so ridiculous it felt like I was […]
We regularly highlight and discuss many horror stories regarding the investment industry and its victims in the Markowski Monthly and the Watchdog on Wall Street Radio Show. John Donofrio, our in-house tax-professional and head of the accounting firm Donofrio Inc. tells me that similar carelessness and lack of scruples is commonplace in the wonderful world […]