If there’s one investment that causes controversy in the investment business, it’s variable annuities. It seems that no one is in the middle on annuities- a lot like our politics today. Some financial advisors love them, because they can offer many choices. Others hate them and think they’re very expensive. So, here are some surprising reasons why people own annuities.
Many politicians use an autobiography as a way to market themselves and advance their political careers. It’s a familiar strategy:
- Governor Smith writes an autobiography.
- The Governor promotes the book on radio and TV talk shows, in magazines and podcasts. He hits the road for book signings.
- Governor Smith gets exposure for his next politician campaign.
It’s inevitable that some details in the book will be disputed. We’re seeing this in November of 2015 with Ben Carson in particular. In reality, these disputes have gone on for decades with politicians of both parties. Was the politician misleading us- or did he simply not remember the details when he wrote the book?
This reminded me of another question: do you remember why you made certain investments decisions? What was your original investment goal, anyway?
Explaining accounting and finance can be pretty dull. That’s a problem, if you need to learn accounting or finance.
On a plane from St. Louis to Seattle this spring, I decided to try and fix the problem. What if I could wrap some accounting concepts inside of a quirky (funny?) short story? My goal here is to present some information, and then add another step in the story. So, when you get to the end, you’ve been reminded of an accounting concept- but you’ve received the information in a light-hearted way.
Anyway, that’s the goal here. Enjoy!
Just how many Nordstrom mailers were they going to get this Christmas season? Greg left the latest batch of mail on the counter and headed out to his truck. They came in every size, style and shape imaginable: letters, flyers, full catalogs. The minute November 1st arrived, they started coming everyday.
It’s as if his wife and girls had adopted a child from a war-torn country- and the child was living at the nearby Nordstrom…