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February 2011

Myth of the Wealthy Millionaire

The last decade (2000-2010) has been one of the most tumultuous periods in the history of financial markets.  We had the technology bust, followed by the housing bust, followed by the stock market bust, followed by the commodities bust.  Many investors lost a significant portion of their savings in one or more of these debacles. As our politicians debate measures to shrink our budget deficits, the rich usually become a …Read More

Fool’s Gold 4: Death of the Empire

In the last two months, there has been a lot of hoopla in the media over municipal bonds.  If you have followed the Fool’s Gold series of articles that we published beginning in January, 2010, then the recent turmoil is not news to you (see www.ancorawest.wordpress.com, Fool’s Gold, 1/28/10, Fool’s Gold 2: Los Angeles, 4/22/10, Will Build America Bonds Save the States from Default, 6/4/10, and Fool’s Gold 3: The …Read More