October, 2014
IRA Accounts are Unsuitable as a Primary Savings Vehicle
It is a mistake to open an IRA before accumulating a significant level of savings first. I have had two of them, both when I was just starting out, and they are both gone because I didn’t understand this idea. In the late 90′s a lot of talk about IRA greatness came my way, both …
Approach Distressed Companies With Care
Speculating on troubled stock is a dangerous game. Recently I have read a lot of comments about ITT Educational Services, Inc. (NYSE: ESI) and they bring back bad memories. Many public companies go bankrupt and ESI seems to be following the script: government scrutiny, management shakeups, delayed financials, huge drops in the stock interspersed with …