09 Aug 2017

Coveted Country Club Residences Face An Uncertain Future

The once-coveted home in a county club was a dream for millions of Americans. But now, this lifelong goal is going through a fundamental shift. Due to changing tastes, demographics, high home prices, significant maintenance costs and the diminishing value of country club name cache, many new, younger buyers are

Chuck Epstein 0
19 Jul 2017

Wall Street’s Continued Self Delusion

For highly-trained and well-compensated financial experts who routinely delve into the outer limits of stochastic calculus, Black Scholes and Finite Difference Method techniques of numerical options pricing, Wall Street does a lousy job of gauging public opinion. Like most people who have to give self-evaluations and the old saw that

Chuck Epstein 0
02 Jun 2017

Concerned About Jobs for the 21st Century? What About Retirement?

Robotics, automation, globalization, the Uber and gig economies have all captured the attention of anyone planning a career or their life over the future decades, but what is missing is the link between these new definitions of work and what happens when work ends. It would be logical to assume

Chuck Epstein 0
05 May 2017

Baby You Can Drive My Car Because You Don’t Have One

Looks like it is official: The consumer purchasing frenzy is slowing down and one of the biggest victims is auto sales. According to Yahoo News, after eight years of strong sales, auto lending is slowing down as missed payments rise. That’s partly because subprime loans to people with credit scores

Chuck Epstein 0
20 May 2016

How Student Debt Impacts Home Ownership and Retirement

Despite all the complexities of investing and the machinations of the financial markets, there are only three main ways to build wealth for the average American: Through home ownership, by creating a portfolio and by savings. Of these, the one with the largest, most consistent and common payoff is home ownership. That’s

Chuck Epstein 0
28 Apr 2016

More Bad News for Wealth Managers: Neoliberalism is Destroying Your Client Base

Like the citizens of Garrison Keillor’s mythical city in Minnesota, Lake Wobegone, where 90% of the residents are in the top half of the class, 90% of today’s wealth managers continue of their quest to find the top 10% of the wealthiest Americans. It’s a tough search and by all

Chuck Epstein 0
18 Apr 2016

Bad News for Wealth Managers: Top 5 Fastest Growing Jobs Pay Less Than $25,000

Every financial advisor dreams of a future when their expanding practice includes a large number of wealthy, retiring clients having portfolios north of $500,000. But it’s time for a reality check. That is not going to happen because more new  jobs don’t pay much and worse, even people with 401(k)s

Chuck Epstein 0
06 Apr 2016

Should the Retirement Industry Accept Some Blame for the Retirement Crisis?

Social responsibility has been a buzzword in corporate America for decades, but nowhere has it been more conspicuously vacant than in the recent stories about the pending retirement crisis that is currently facing millions of Americans. At issue is whether the retirement industry, comprised of investment, mutual fund and insurance

Chuck Epstein 0
30 Mar 2016

Re-Booting Financial Journalism

In this election season, it’s pretty clear that the quality of political reporting has been called into question by both the electorate and even the president of the United States. Yet since economics, especially income disparities between classes and lack of wage growth and retirement security have also become central

Chuck Epstein 0
20 Nov 2015

Investors and Retirees Should Expect Less in 2016

2016 looks like it will be a rocky years for investors. U.S. economic growth in 2016 was cut to 2.4%, a decrease from a previous estimate of 2.8%, according to a report by Goldman Sachs in September 2015. On a global level, GDP growth was cut from 4.3 %  to 3.7% primarily due

Chuck Epstein 0