Blogs by Frank J Eberhart,CEP®,RFC®,Author
3/12/2009 7:56:14 AM
The definition of liquidity: you open your portfolio and wet your pants
Scandals, bribery, corruption, rip offs, deception-Madoff (and other Ponzi schemes), SEC, and poor advice where you are relying on someone else to make your financial decisions? So how does all this affect you? Look at your 401K, your portfolios, your net worth (or maybe your net worthless).
The new definition of liquidity: when you open your portfolio and wet your pants.
When I wrote my book The Procrastinator’s Bible for Financial Success (I am a broker), the intent was to help individuals and companies PROTECT themselves from such nonsense. I wanted to make sure it was in English (so everyone could understand-not gibberish). I wanted to make sure that if you are doing it yourself you had the resources to accomplish your goals. I wanted to make sure that if someone else was doing things for you that you had the proper tools to make sure they had your best interests in mind, and you had the knowledge to make sure they did! Whether it was an attorney for your estate, or someone managing probate, an accountant, or a financial advisor-YOU had the organization, understanding of how things work, and how to protect your assets, how to understand mortgages, long term health care, investment checklists, or how to apply for social security, your estate, and most of this you had in writing to provide them or your self. Web sites you as a consumer would never find.
Am I rambling? Sort of, the point is that (from feedback form people who bought my book) that they did not experience a lot of this, or it was lessened by a great extent. It is not filled with graphs and charts, its not filled with my opinions, it is filled with information that can and will help you regardless of what stage of life you are in. It is never too late to start…
Best of luck,
By the way, my book has won 14 awards for a reason-check out on my web and other information that could be useful like retirement calculator, mortgage calculator and some financial information: www.bookworm.tv
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More Blogs by Frank J Eberhart,CEP®,RFC®,Author
Careful what you vote for PART II... - Thursday, July 23, 2009
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Politcal Decisions Vs. Economic Decisions - Friday, September 26, 2008