The Downside of Deferred Variable Annuities

The widespread variable annuities scam is made possible by industry obfuscation of the true costs and benefits of annuities.  Variable annuities have high fees, low flexibility and horrendous tax treatment.  They are sold based on insignificant tax or insurance...

Who Is In Control: You or Your Broker?

It is easy to determine how a broker will respond to a crisis, quite easy. He will blame his customer. The broker will say “yes my advice was bad, but the customer is at fault for being such a schmuck as to follow my bad advice.” This is called “passing the buck,” or...

Financial Suicide

In England, a bartender in a tavern is responsible for the person who becomes intoxicated at his bar. At some point a bar tender has a duty to cut off the drinker’s supply of liquor. This was known in England as the dram shop law. At that time, taverns, bars, saloons,...

Investment Fraud On The Internet

Investment fraud has become a common part of internet spam, accounting for about 15% of spam email messages.  To trap the investors attention, the spam promises huge PR campaigns, mergers, buy-outs and other buzz-words.  The spams often contain outlandish price...