Posts Tagged ‘investing’

The Starving Artist

Friday, February 3rd, 2012
The announcement this week that Facebook is going to become a publicly traded company has brought to light some interesting stories. You have the normal “spotlight”attention on the owner, which in this case is a 27 year-old named Mark Zuckerberg who will be worth $28 billion, give or take. Sure that will make him one of the richest people in the United States, heck the world for that matter.

But what about David Choe? Have you ever heard that name? He’s a graffiti artist. A guy who has had run-ins with the law and other rough spots during his life. So how did this particular artist accomplish all of his financial planning,”investment planning, wealth planning, legacy planning and philanthropy in one fell swope? Dumb luck, tha’s how. In 2005 Mr. Choe  was asked by the President of Facebook to paint murals on the walls of the company’s offices. Choe was given a choice 1. Take thousands of dollars in cash or 2. Take some stock of the privately held company. Well, he took the stock (even though he thought what the company did was “ridiculous and pointless”).

David Choe working on one of his murals

So, when Facebook goes public this spring, David Choe’s stock is estimated to be worth $200,000,000. That’s right, two-hundred-million-dollars!

Gaffiti painting….might not be such an eye-sore after all.

How to be heard!

Friday, May 6th, 2011

High ethical and moral standards, fiscal responsibility, care and kindness for their neighbors, the honesty to admit when they have failed themselves, family or friends.  All of these traits describe a huge number of Americans.  They are honest, humble, hard working, and God loving.  They often feel overlooked, misunderstood and taken advantage of by the politicians who represent them.  They are in the majority, but are treated and led to believe that they are few in numbers, and dwindling everyday.

So how do the mass of people who really are the moral fabric that make this country great have their voices heard? 

  1. The obvious answer is to speak up.
  2. Vote.
  3. Retain the pride you have in your ways and beliefs.
  4. Influence and educate your children and grandchildren.
  5. Use your money to make a difference.  Pornography, abortion, gambling, same-sex marraige, alcohol, pollution, etc.  Maybe one or two of these issues trouble you, or maybe all of them do. So why do you support them?  That’s right – why do you give a company(s) money by purchasing its stock or investing in a mutual fund that owns stock to help them act against what you believe in and feel passionately about?  Live your life completely within your beliefs, it’s not hard.  There are retirement/investment strategies that allow you to utilize Values Based Investing or Faith Based Investing so you can truly make a difference.

Seek the truth.


Sometimes boring is better.

Tuesday, May 3rd, 2011

The old economy, the new economy, the old economy is new again, and so it goes on and on.  With all of the “noise” from the financial media these days, people seem to be pulled to gold one minute, Apple stock the next (before reverting back to treasuries because of the worries of the world).

The fact of the matter is that the old boring implementation of Asset Allocation may be just what the doctor ordered for your portfolio.  Asset Allocation is based on something called Modern Portfolio Theory, which actually won the Nobel Prize in Economics.  It simply directs an investor to invest in core asset classes as opposed to trying to time the market, pick the next hot stock, etc.  Let me offer what is probably the best example of Modern Asset Allocation and Modern Portfolio Theory.  Mr. David Swensen, Chief Investment Officer for the $16 billion Yale University Endowment Fund, utilizes Asset Allocation. 

So beware of the “noise” out there, the buy this & sell that, get into this trend, the Dow is going to 20,000…no, wait, it’s going to 4,000.  Let me give you one example before down my pen.  When Mr. Swensen was asked about Jim Cramer from CNBC’s “Mad Money”, he said the following about Mr. Cramer:

“Educated at Harvard College and Harvard Law School, Cramer squanders his extraordinary credentials and shamelessly promotes stunningly inappropriate investment advice to an all-too-gullible audience.”

Asset Allocation vs. Investment “Noise”…sometimes boring is better.

New rules of personal finance – this week, on Your Financial Editor.

Friday, March 18th, 2011

From one of the world’s most respected business publications, The Wall Street Journal, comes the definitive gide to the new and ever-changing landscape of personal finance.  Dave Kansas, author of The Wall Street Guide to Personal Finance joins Chris this week the show.

Join us this this Saturday morning at 8am on AM 930 WFMD, or listen from anywhere on your pc by logging onto and clicking the listen live button.

About this week’s guest:

Dave Kansas is the editor-at-large of, a new online personal finance joint venture between Dow Jones and IAC Corp. Prior to that, he spent four years as editor of The Wall Street Journal‘s Money & Investing section, was editor in chief of during its formative years, and is the author of two previous books: The Wall Street Journal’s Complete Money & Investing Guidebook and Guide to Investing in the Internet Era.  Dave and his wife, Monica live in New York.

The Young Professional’s Guide to spending, investing, & giving back. This week on Your Financial Editor.

Thursday, October 14th, 2010

Young professionals often have questions about their finances.  What should I be doing with my savings? Should I buy a house or keep renting? Where should I invest my money?  Join Chris this week with his guest, Kimberly Palmer, author of Generation Earn, and they will answer these and other pressing questions for the young professional.

Join us this this Saturday morning at 8am on AM 930 WFMD, or listen from anywhere on your pc by logging onto and clicking the listen live button.

About the Author:

Kimberly Palmer, senior editor and personal finance columnist for US News & World Report, writes the magazine column and daily blog, Alpha Consumer.  She has appeard on NBC’s Today Show, CNBC, and CNN, and written for the Washington Post and the Wall Street Journal.  Kimberly holds an MA in public policy from the University of Chicago and a BA from Amherst College.  She and her husband just welcomed their first baby and bought a townhouse in Washington, DC area.