In 2008, New York City Mayor Michael Bloomberg actually got wealthier, as did George Soros and hedge fund manager John Paulson (the guy who bet against subprime before the melt down). Bloomberg is now the richest man in Big Town and that's saying...
With the market tanking and scandal marring Wall Street, many financial advisors are feeling stuck and hopeless. This little exercise can change the way you think, and put you back on track.
You and your client will be happier if you are proactive. If this crisis is really an economic Pearl Harbor, as Warren Buffet says, both you and your clients need you to view the glass as half-full.
Schwab executives predicted a decline mergers & acquisitions between RIAs in 2009, as potential sellers hold out for a stronger market and a better deal. With asset levels way off, valuations have plunged.
Yes, it's true that the commercial real estate industry is suffering from increasing vacancies, decreasing rents and declining property values. Call it a trifecta of bad news. Yet, for bottom-feeders er, contrarians this might be a good time to...
