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Money 101:
Personal Money Planning's Newsletter
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Howdy!
I hope you are all having a blessed Easter weekend. To celebrate, I have included my Easter message with the latest articles (spoiler alert: it will be very similar to tomorrow's Times Record News column, as a newsletter subscriber, you get it early). I've also included another discussion about the conflicts of interest when it comes to the compensation of brokers. Like many things in life, it's filled with shades of gray. Getting less gray, according to the Federal Reserve of Dallas, is the U.S.level of productivity. Money 101 links you to the latest Economic Letter. Also, if you are in the Wichita Falls area, you can get some shredding done for free! Details at the end of the newsletter. (Of course, if you are my client, you can come to our place to drop off papers you need shredded whenever we are in the office.) --Gary |
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Gary's Soapbox
  In the last couple of newsletters, I've talked about some of the conflicts and, at times, downright criminal behavior that is more common than people realize in my industry. This is the last one (for a while).
First, I wanted to share a 6 minute recorded webinar by Greenspring (a firm whose mutual funds we use on occasion) that talks about the conflicts of interest inherent in the brokerage world: Click here
Please note this does not mean brokers are evil or don't give good advice. Most aren't evil and some are excellent advisors. What it does show are the unexpected conflicts.
If you don't want to spend the six minutes watching the presentation, here's an article describing the payout practices of the major brokerage firms. Be sure to scroll to the bottom, where the magazine provides the actual payout grids, plus interesting tidbits like the fact that Merrill brokers won't get paid for advising any accounts under $250,000 in size unless at least 80% of their accounts are that large or larger, at which point they CAN be compensated for servicing customers who bring in those measly $100,000 accounts.
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Gary's Latest Articles
An Easter Message
Take the time to focus on what is important in your life, including your faith. Read More...
A Beautiful (Yet Wandering) Mind
It's rare that Gary limits himself to one train of thought when writing his articles. And that's not a bad thing, especially if the goal is to be more creative. Read More...
Murky Crystal Balls
When it comes to interest rates, Gary tends not to predict. But if he did, he would say that they are heading up .Read more...
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Money 101: It's the Economy
"While U.S. productivity recovered most of the ground lost during the downturn, the same thing didn't occur in the euro zone." --from the latest Federal Reserve Bank of Dallas Economic Letter. Read it in full here.
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Wichita Falls: Shredding Available April 21
Many of you are creeping up on tax time, if you haven't handled it already. Maybe you noticed, in the midst of flipping though the necessary paperwork that you have a good amount of UN-necessary paper, too. If you are in the Wichita Falls area, collect up to 3 boxes or bags of those papers and head over to the Chase building (4245 Kemp Blvd) on Saturday, April 21from 8 a.m. to 12 p.m. The Paper Pig will securely shred it for you. The co-sponsors of this event include the Better Business Bureau and Wichita Falls Police. Happy Shredding!
And, more importantly, Happy Easter!
Sincerely,
Gary Silverman, CFP®
Personal Money Planning |
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©2012 Personal Money Planning . All rights reserved by Personal Money Planning and content may not be reproduced, disseminated, or transferred in any form or by any means, except with the prior written permission of Personal Money Planning unless specifically noted. (Permission is not difficult to obtain.) The one exception is for downloading and printing information from this newsletter for general education by the original recipient.
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DISCLOSURE
This newsletter is produced by Gary Silverman, dba Personal Money Planning, a registered investment advisor located in Wichita Falls, Texas.
Information in this newsletter is believed to provide accurate and authoritative information in regards to the subject matter covered. However, the accuracy, timeliness, or applicability of the information is not guaranteed and is provided with the understanding that we are not rendering legal, accounting, tax, or other professional advice or services.
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