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Steve Selengut's articles
So let's all take a minute to show our appreciation to those businesses and professionals out there who don't torture us with telephone menus and rude employees. Let's give a firm pat-on-the-back, a written standing ovation, even, to those we have done business with lately who remember what fair, and personalized service is all about.
Posted: 2009-12-11
Category: Public Relations
Today, in the very birthplace of capitalism, an entrenched, arrogant, and incompetent congress equates greedy executives with the demise of capitalism while the economic force field it demeans catapults third world nations onto the leader board of global economic growth potential. Capitalism dead? Hardly.
Posted: 2009-11-20
Category: Commentary
A participant in the morning Working Capital Model investment workshop observed: I've noticed that my account balances are returning to their (June 2007) levels. People are talking down the economy and the dollar. Is there any preemptive action I need to take?
Posted: 2009-10-24
Category: Investing
A combined Flat Tax and Fair Tax environment would increase jobs and spending, while reducing tax fraud, waste, and credit card abuse. Any number of approaches could be used to assist the lowest wage earners, and Social Security income payments would be tax-free forever.
Posted: 2009-10-16
Category: Investments
The fewer IGV stocks at bargain prices, the stronger the market, and the more profit taking WCM methodology investors should be experiencing. The most important thing most investors fail to do during rallies is to prepare for their "supplantation" by the next correction.
Posted: 2009-10-04
Category: Stock Market
The single, easiest, fastest, biggest, consumer-spending instant winner bonanza is not even a twinkle in an old politician's eye--- and there are far too few new politicians. Replace the Social Security Retirement Program with a plain vanilla pension plan, pre-funded by smaller, mandated employee contributions.
Posted: 2009-09-21
Category: Current Events
Today, employers are reluctant to create jobs because the mandated non-productive "overhead" associated with each worker adds significantly to the cost of running the business--- worker's compensation, unemployment insurance, OSHA compliance, liability insurance, social security contributions, minimum wage/union pay scales, etc.
Posted: 2009-09-14
Category: Commentary
Whether you go the discount route through Schwab, Ameritrade, Fidelity, etc., or enjoy a higher level of service through an independent like LMK Wealth Management, you should never be surprised by the market values reflected on your monthly account statement. You should know what to expect, and understand why.
Posted: 2009-09-03
Category: Personal Finance
Golfers will spend thousands on instruction, gadgets, machines, clinics, magazines, lessons, drivers, and putters. Investors love the gimmicks, shortcuts, and expert recommendations, but they seem allergic to anything really educational. They must see it as a sign of weakness. Golfers should be better investors. Investors need to introduce themselves to some basic education.
Posted: 2009-08-30
Category: Golf
Obviously, this scam artist (the now indicted Wayne C. Scott a/k/a Chris Harper) was able to paint a believable picture by trading on the good names, reputations, and achievements of well-known people in the financial industry. I would guess that I'm not the only one who has been unknowingly abused by such con artists.
Posted: 2009-08-13
Category: Personal Finance
The IGVSI tracks a portfolio of approximately 400 stocks--- and less than half of them are likely to be found in the S & P 500 average. This new market index was developed in late 2007 to provide a benchmark for the equity portion of investment portfolios managed without open-end mutual funds, index funds, or any of the other popular speculations and hedges that are included in most professionally managed portfolios.
Posted: 2009-08-06
Category: Investing
Before Wall Street conned investors into thinking of calendar quarters as "short-term" and single years as "long-term", market cycles were used to test investment strategies. Performance analysis was a test of management style and overall methodology, not a calendar year horse race with one of the popular averages. Boring, yes--- but meaningful.
Posted: 2009-07-10
Category: Investing
The Dark Side of investing beckons like a Siren's song, luring the majority of professional advisors away from the safety and simplicity of The QDI. Institutional propaganda, projections, predictions, and hype have the same affect on unsuspecting boatloads of speculators who most often become shipwrecked on the derivative rocks.
Posted: 2009-07-02
Category: Personal Finance
For an endless variety of reasons "tin cup" amateur investors bring on their own demise by failing to minimize risks using well known basic techniques that are thoroughly documented and supported by sand traps full of statistical evidence. They hit driver with every selection--- it's the only club in their bag.
Posted: 2009-05-26
Category: Investing
The Working Capital Model looks at investment performance differently, less emotionally, and without much concern for short-term market value movements. Security market values are used for buy/sell decision-making. Working capital figures are used for asset allocation and diversification calculations. Working capital growth numbers are used to evaluate goal directed management decisions over shorter periods of time.
Posted: 2009-04-26
Category: Personal Finance
