If you don’t feel like a Muppet for buying a business development corporation private placement, you should – because there is most definitely a hand up your ass. It is astounding to me, after all we’ve been through, that there are still enough gullible people with investable assets left to support this kind of “product”….

You can see where this is going —

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I’ve been talking about the stock market’s effects on the millionaire households in America and a few of you have asked for further stats. One recent article / study I found interesting was an Advisor One piece quoting the Spectrem Group: the number of new millionaires rose by 400,000, to 8.99 million, in 2012 (Spectrem…

Yesterday on CNBC I was lectured about how the wealth effect created by housing’s rebound and the stock market’s comeback is “laughable” and didn’t really exist. Gee, I dunno, sure feels real to me – but what do I know? I only do wealth management for high net worth clients across 36 states. I should…

Your morning financial links, expertly curated.

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Check out this description of London in the late 1800’s, via George Packer’s review of Anthony Trollope’s masterpiece, The Way We Live Now: “The Way We Live Now” is one of the last examples of the three-volume serialized Victorian novel. If the genre seems nearly as alien to contemporary American readers as the Renaissance epic…