Monthly Archives: October 2014


To Save Money Sometimes All You Have to do is Ask

I have two annual bills that become payable each October, my Sirius satellite  radio and my American Express card.  Both of these bills are completely unnecessary.  I could easily go with out satellite radio, and while I really like my Amex card I am not willing to pay an annual fee for a credit card.  So every October I go through the exact same exercise upon the realization I have been charged, and it is pretty simple. Sometimes You Just have to Ask To Save Money Upon calling Sirius, all I had to do was simply, ask.  I called the customer service rep and [...]

By |2015-01-27T20:08:57-04:00October 27th, 2014|Personal Finance|4 Comments

Why Hasn’t an Investment Firm or Insurance Company Created this Product?

After reading the twelfth article about how there is yet another generation woefully unprepared for retirement and how the 401(k) is a terrible product I started to think about what an investment firm or more likely in this case an insurance company can do to engage in my generation and the answer is so simple. Create and market a defined benefit pension. Private Pensions Are All But Gone It is no secret that private pension participants are decreasing.  One Social Security Study found that, The percentage of workers covered by a traditional defined benefit (DB) pension plan that pays a lifetime annuity, [...]

By |2015-01-27T20:14:16-04:00October 21st, 2014|Annuities|3 Comments

Received an Update on One of my Most Influential Clients and it Kind of Bummed Me Out

I received an email today that took me back for a moment.  Almost exactly 2 years I wrote, "My 85 Year Old Client Has Provided More Inspiration Than She'll Ever Know" wherein I highlighted an interaction with an elderly client.  I was taken back as it is always a moment of fear that a client may have passed away when I am contacted by their family.  Especially when they were of an advanced age when I met them to prepare their estate plan.  But, I digress. She wasn't influential because of her net worth or connections, but rather a single sentence.  My client [...]

By |2015-01-27T20:25:16-04:00October 15th, 2014|Random|10 Comments

Don’t Confuse Value and Sunk Costs

Yesterday, I was in the middle of "intense" negotiations regarding a fantasy football trade and I was quickly reminded about a Warren Buffett quote that is often repeated.  It was from the Berkshire Hathaway 2008 Annual Letter, Long ago, Ben Graham taught me that “Price is what you pay; value is what you get.” Whether we’re talking about socks or stocks." In this particular situation we were talking about a player that was drafted in the first round who hasn't panned out but the other player wanted me to pay because of that fact.  Yes, my rejection email included the quote. Sunk Costs are a [...]

By |2015-01-27T20:28:24-04:00October 10th, 2014|Random|5 Comments

Searching for Undervalued Dividend Champions – October 2014

Every month for the past few years I take the Dividend Champion list (which is defined below) and on a purely metric basis look for undervalued stocks.I use the dividend champion list for two reasons.  One, the dividend champion list includes companies that have paid an increasing dividend for the past 25+ years, and this shows stability and caring about shareholders.  This means they increased the dividend during some pretty rough times!  The second reason, is that it is my hope one day that I can turn off the dividend reinvestment option and have an income stream.  As such it would be [...]

By |2014-10-06T21:31:56-04:00October 7th, 2014|Dividend Investment Portfolio|2 Comments