Being in the financial industry, Ponzi schemes happen more often than I like to hear, but it’s especially concerning when it hits close to home. In this case, Jeremy Lundin of Mound, allegedly stole almost $1,000,000 from local investors and never invested a penny. Jeremy, the owner of Big Island Capital (named after a popular hangout on Lake Minnetonka), promised investors “exponential returns” with very little risk.
Read MoreNobel Prize winning Robert Shiller spoke at a virtual conference about the virtues of a good financial planner. He said that much of the recent financial crisis could have been avoided if more people had financial advisors. He went on to say that the low and middle class need financial planners just as much as the wealthy, comparing it to health care.
Read MoreThis is the time of year when everyone is thinking about charitable giving. I spoke with writer Veronica Dagher of the Wall Street Journal last week about on this subject and the mistakes to avoid. Here are some excerpts from the article as well as a quote from me.
Read MoreThis is one of the great tragedies of a bear market. It happens every time. And my guess is even more people were affected in the most recent bear market because the decline was so dramatic.
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