Beware - Horror stories

6 Posts in this category
Posted By: CFP&WM On: Aug 28th, 2013 In: Beware - Horror stories Financial planning Investing Money Matters

Angie’s List: Off Base Advice on Financial Planners

Angie’s List (ANGI) is a much advertised method of reviewing recommendations of other individuals as to their “personal” experiences when dealing with a variety of trades and professions, which include contractors, doctors and financial advisors.

I have no experience with Angie’s List personally but I did run across a 2009 blog quoting Angie entitled, “Hiring a Financial Planner: Angie’s List …

Posted By: CFP&WM On: Jul 2nd, 2013 In: Beware - Horror stories Money Matters

Fake Emails Are Harmful To Your Finances

No doubt we’ve all received a couple (hundred) emails from solicitors in Africa who report having a client with millions of dollars worth of cash tied up in a bank there (a result of unfair government policies, of course) and who needs your help in obtaining it. Surely, if you’re like me, you roll your eyes and quickly delete that …

Posted By: CFP&WM On: Aug 7th, 2009 In: Beware - Horror stories My soap box

High Rate CD Offer with Strings Attached

I recently had a newspaper clipping mailed to me by a client.  It was an advertisement for a high yielding CD, safe, FDIC insured, etc. After reviewing the “fine print,” we found that it was an introductory offer of 5% for 3 months and no mention of the rates after that.  There was a $10,000 maximum limit as well.  We …

Posted By: CFP&WM On: Jun 24th, 2009 In: Beware - Horror stories General info Investing My soap box

Reasons to Avoid Financial Advice At a Bank

In the good old days a bank was a bank. It was where you deposited your paycheck, had a savings account and got a car loan. Laws were changed (due to heavy lobbying by the banks) to allow them to sell investment and insurance.

Most banks now have a subsidiary company/partner that is a Broker Dealer (BD) and the financial …

Posted By: CFP&WM On: May 22nd, 2009 In: Beware - Horror stories General info My soap box

Suze Orman: The Good, the Bad, But the Never Ugly

Okay, so I modified the title of a Clint Eastwood movie, but it sort of fits.

Her books are top sellers, she is often on TV, she markets “kits” to help, and she is seemingly everywhere so we all know that she is an attractive lady (certainly never ugly). 

Everyone knows Suze Orman but many do not know her background. …

Posted By: CFP&WM On: May 20th, 2009 In: Beware - Horror stories Cash-flow budgeting My soap box Taxes

Biggest Ponzi Scheme Ever

For 39 of the past 40 years the US government was allowed deficit spending. Our federal government is providing us with more services than we are paying for. The difference (the deficit) is made up by the US selling more Government Bonds that will be paid in the future by later tax payers.

By definition A Ponzi scheme is an …