Author Archive

15 Signs the Economy is in Serious Trouble

Written by Maksim. Posted in Economic

There was a great article that I ran across.  I think one of the most valuable ways of staying ahead of the game and keep on target is to obviously prepare for the worst.  As such, it is necessary to look at all points of views, and all signs, be it positive or negatively, and then with that information, to challenge your own position.

You can read the full article at the link below.

ETF Daily News


What do you think?


The World Did Not End, New Taxes Coming

Written by Maksim. Posted in Economic, Financial Planning

December 21st, 2012 is here and the world did not end. (I will eat crow if something does happen before midnight.)  While everyone’s focus is on whatever garbage the media is discussing on the news now, there are some very real changes coming to impact you one way or another on Jan 1st.

The good news is, people are aware of the fiscal cliff, the agreed upon tax increases and spending cuts Democrats and Republicans agreed on earlier in the year in case they could not get a budget done.  The bad news is… politicians are so stuck in their ways, particularly the democrats who feel they need to stick it to the wealthy people and increase their taxes.  The reality is, even if the taxes on the top 2% were raised to 100%, ie, all of their earnings would go to the government, it would only run the government for 91 days.  The tax increases the president and democratic senators are making a big fuss about are only going to run the government for a few days.  The real issue is spending.  Here is another one of those factoids with which to impress your coworkers, in 1913, only 1% of the population paid taxes, and the top tax rate was 7%.

Holistic Financial Planning and Advice

Written by Maksim. Posted in Financial Planning, Industry

Ever since day one, when I started my financial services career at Ameriprise Financial, American Express Financial Advisors as it was known at the time, we were taught planning first.  What does that mean?

Some time ago, a number of consultants in the financial services industry did a study and found practicing holistic financial planning, will do a better job  for the clients, and in turn generate more fees for the companies.  By offering the total package, investments, insurance, banking services and others, the sales people would by compensated on all of the products instead of just their own specialty.  In turn, the clients were to benefit because products would not be overlooked.  In turn, more and more companies started positioning themselves as financial advisors/consultants.  It was to be a win win situation for everyone.

The problem is, not everyone, not by a long shot, who calls themselves a financial advisor actually practices holistic planning and financial management.  So you have Brokers, Accountants, Insurance sales people, and even real estate agents battling it out for the title of Financial Advisor.   The people who get “screwed” for the lack of a better word are the clients out there, who have different expectations of what one financial professional is actually supposed to provide for them.

So what is this Obamacare really about?

Written by Maksim. Posted in Economic, Healthcare

This week, the United States Supreme Court rendered a decision on President Obama’s health bill.  Having my mother ask me about it, I knew it was a big deal.  Having discussed the insurance industry and Obamacare with people on an individual basis, I now want to take the opportunity and put thoughts to paper blog post so that anyone would be able to see my insights on this and partake in the discussion.

While the entire bill is thousands of pages, the largest issue by far is the individual mandate and establishment of individual insurance exchanges.  This specific issue is also the one on which the success of this bill hinges on.

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