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I remember several years ago in the Land of the Free when the big wave in the banking industry was to offer “free checking”. There used to be a time (that a lot of people probably don’t remember) when banks charged monthly or annual fees to maintain your bank account.
Years ago back in my days at the academy and in the military, I used to hear this phrase “freedom isn’t free” over and over again. It was almost a sort of motto for a lot of military units– a self-motivating expression that freedom came at a price, and it
This is starting to become very concerning. The momentum to “ban cash”, and in particular high denomination notes like the 500 euro and $100 bills, is seriously picking up steam. On Monday the European Central Bank President emphatically disclosed that he is strongly considering phasing out the 500 euro note.
It was close to twenty years ago that I sat in my first personal finance class, learning how to invest money I didn’t have for a “retirement” that seemed inconceivably far away. It was my first year at the academy. And the government thought it appropriate to ensure that its
According to financial research firm ICI, total retirement assets in the Land of the Free now exceed $23 trillion. $7.3 trillion of that is held in Individual Retirement Accounts (IRAs). That’s an appetizing figure, especially for a government that just passed $19 trillion in debt and is in pressing need
[Editor’s note: Tim Price, London-based wealth manager, is filling in for Simon today.] “The media select, they interpret, they emotionalize and they create facts.. The media not only reduce reality by lowering information density. They focus reality by accumulating information where “actually” none exists.. A typical stock market report looks
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