Who Controls Your Retirement Nest Egg?

Do You Control Your Retirement Nest Egg? Most people I know have no idea what is really happening to their Retirement Nest Egg. They have even less idea of where their money is. It could be investing in things they would never approve of. It could be used by their fund managers to trade and […]

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The Tale of a Baby Boomer’s Nest Egg Revisited

Baby Boomers Retirement Nest Egg Saga Here is a review of a friend’s retirement nest egg worth over $1.2Mn AUD, held in one of the largest Fund Managers in Australia. It is a sad saga of a good sales pitch with a bad outcome for my friend. After over four years, his funds are still […]

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The Perfect Storm wipes out Baby Boomer Nest Eggs

Today I finally caught up with the the tragedy of the Storm Financial Group. This Australian Financial Planner’s Group had several thousand investors, many of whom were baby boomers who have lost most if not all of their wealth. It appears that home owners with lots of equity in their homes were sold on the […]

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Put GITMO to Good Use in this Financial Crisis

The USA has spent a lot of tax-payer money on GITMO, the Guantanamo Bay Facility. Regardless of how you feel about the place or what goes on there, America has been kept safe from more terrorist attacks on its soil since 9/11. Now President Obama has signed an executive order to close GITMO in a […]

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Asset Allocation and Diversification is Dead

The wealth managers version of Asset Allocation and portfolio diversification is dead. It was never designed to protect your money in the first place. It was designed to provide a constant stream of income for the fund managers and the financial planners. Why do you think the banks paid such large sums of money for […]

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