by Rebecca Tonn Published: September 4,2009
No easy path to long-term financial success For a few wild, delirious years, investing seemed glamorous and easy. One merely had to dabble absentmindedly in equities, snapping up the latest hottest stocks like so many baubles in a jewelry store, and then sit back and count the glittery profits. But reality has checked into the hotel to stay. And [...] [...]
by Rebecca Tonn Published: September 4,2009
Tags: Banking and Finance, Dr. Fred Crowley, recession, Southern Colorado Economic Forum
Mornings are chilly, cherries are already out of season and its dark by 8 p.m. — yes, it’s that time of year again. Time for a sneak preview of the Southern Colorado Economic Forum, that is. (If you thought I’d say something cliché about the “crisp feel of autumn in the air,” then you don’t read this [...] [...]
by Rebecca Tonn Published: September 4,2009
Tags: Banking and Finance, investing
One of the keys to a happy healthy retirement in the future is “living within your means,” now — so there’s money to save and invest. And for all the investors who thought they were doing the right thing — spending sensibly, saving prodigiously and investing steadily — but still were beaten soundly by Wall Street, [...] [...]
by Rebecca Tonn Published: August 28,2009
Tags: Banking and Finance, borrowing
Why borrowing from the future doesn’t really help in the here and now Wall Street is cautiously peeking its head out from under the rubble. But economic revival is not yet translating to recovery on Main Street. Concerned about rising debt, some employees are withdrawing money from their retirement accounts, and many have stopped contributing. Financial Finesse Inc., which [...] [...]
by Rebecca Tonn Published: August 28,2009
Tags: Banking and Finance, economy
Average investors have a “permanent buy-side bias,” said John O’Donnell, chief knowledge officer of Online Trading Academy. Sounds serious, if not terminal — but it can be overcome. “Part of the challenge is to bridge the gap between the public’s perception and reality,” he said. People “always look to buy something of good value — but that’s generated [...] [...]
by Rebecca Tonn Published: July 31,2009
Tags: Banking and Finance
It’s time to check the pulse of Colorado’s economy — either that or there was a dearth of local financial seminars this week. Go figure. It’s July and half the city, it would seem, is on vacation. Notwithstanding, yours truly still remembers the good old days, say, last summer, when she interviewed economists who said only a [...] [...]
by Rebecca Tonn Published: July 24,2009
Tags: Banking and Finance
Entrepreneurism is in the air. It was the week for how-to-choose-a-business-entity seminars in Colorado Springs. Here are two of this week’s take-aways — (and, yes, it’s permissible to roll one’s eyes at the euphemism.) One: It’s OK it structure your business so that you legally pay the least amount of taxes possible, according to Chris Blees, CEO [...] [...]
by Rebecca Tonn Published: July 17,2009
Tags: Banking and Finance, international
Sometimes it’s nice to hold all the power. The British are fairly pleading with American businesses to apply for contracts for the London 2012 Olympic and Paralympic Games. Pardon the pun, but it’s a golden opportunity to make some cash — the Brits have a $12 billion budget for Olympic games-related contracts, including direct procurement and [...] [...]
by Rebecca Tonn Published: July 10,2009
Tags: Banking and Finance, recession
Because of the recession and multiple bailouts, acronyms have been bandied about like cotton candy at the county fair. But there are so many new programs that it can be confusing to consumers on Main Street. Two of the main programs have similar-sounding acronyms, but are administered by different federal agencies. The Term Asset-Backed Securities Loan Facility, or [...] [...]
by Rebecca Tonn Published: July 10,2009
Tags: Banking and Finance, credit card, June Walbert certified financial planner, USAA
Since early 2008, consumers and businesses have become more aware of their financial excesses. Although it’s never too late to rein in one’s excesses, it is certainly overdue for many Americans. “I’ve seen a lot of people going back to basics in the last year and a half,” said June Walbert, certified financial planner practitioner with [...] [...]
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