In Random Thoughts

College Campus Tours Revisited

A lot of people tell me that their college tours are a great bonding experience. But when I sit down and do a cost benefit analysis for college tours in the pre-application phase, the breakdown comes up negative. Pencil this one out. Vacation time is lost, and a lot of money is spent on travel, meals and hotels. At the end of the day, only one college is chosen. In my opinion, this is a colossal waste. I’m not saying you shouldn’t check out a college before you spend those precious application dollars. It’s free to visit websites and take…

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In Divorce

Ex wife Inherits, How Can This Be Fair?

Over the course of my career, I have delivered three life insurance death claims to an ex-wife. I am not making any judgement calls as the whether or not this was fair, or if karma was at work. Nevertheless, how does this happen? Let’s take a look at the case of Moore v. Moore 266 Mich App 96 (2005). Hetta and Clark divorced in 1999. As a part of the marital settlement agreement Hetta waived her rights to Clark’s life insurance and retirement plans. Clark did not change his beneficiaries with his retirement plan or the insurance company. When he…

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In Investments

Living With Volatility … Again!

2015 is proving to be volatile ride. I don’t like to sound redundant but, if you have a well balanced portfolio that complements your goals, then stay the course! Let’s look at some peak to trough activity to illustrate what moving to cash did to investors in the global financial crisis.  Assume that an investor had $100K invested in 50% bonds and 50% stocks on October 9th, 2007 (the then market high).  Assume further that he or she sold at the market low on March 9, 2009. On March 31, 2014, here are the results: The investor who moved to…

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