We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (13,780)
  • Industry Conferences (2)
  • Negative Media (128)
  • Positive Media (73)
  • Sheryl's Articles (526)
  • Sheryl's Blogs (150)
  • Wink's Articles (203)
  • Wink's Blogs (177)
  • Wink's Press Releases (80)
  • Blog Archives

  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • Are You as Dumb as Ben Bernanke?

    May 7, 2012 by Michael Ham

    By Michael Ham

    May 3, 2012 •

    “Stupid is as stupid does” is not often the description used for economics professors at Princeton; but listening to the majority of media rhetoric on where not to invest, it would appear that guilty is the verdict for Ben Bernanke.

    Despite being perhaps the single most influential human on earth when it comes to money, our own Helicopter Ben must be fairly dimwitted when it comes to his personal investments — or so it appears according to many pundits and “experts” in financial matters. How could a man who earns well over $1 million annually from royalties in textbooks alone, be so ill-advised putting his own money to work? What is it that Professor Bernanke has done with his own moola that is so perplexing?

    In annual reports from the central bank, the Fed Chief and its governors must report their personal investments and holdings. And would you believe that Ben Bernanke’s two largest personal investments are in fixed and variable annuities? That’s right, variable annuities (crickets chirping). It’s a fact: The most powerful financial authority owns both variable and fixed annuities as part of his retirement accounts.

    GASP!? Why would Ben want to own allegedly more expensive tax-deferred vehicles inside an already tax-deferred account? Can he really be that ignorant? Consider this: maybe it’s not about the tax deferral benefit offered in annuities, but about the guarantees provided to his retirement nest egg. Surely, in addition to his own experience and intellect, Ben has access to extremely experienced and competent financial advisors he could bounce his investment ideas off of.

    Also according to the annual reports, he owns bonds and mutual funds and other stuff; but his biggest holdings are annuities. So maybe Ben knows something the pundits and bloggers and self-proclaimed experts do not understand. It’s not about cost, it’s about what you get for your money (net, after all expenses) that matters most. Heavy hitters in the millionaire/billionaire club figured out a long time ago that it’s not what you spend, it’s what you earn; and if one cannot muster the courage to accept and manage a little risk, one is destined for personal financial Armageddon in the long run.

    Who is wiser, the financial experts who write about money or the mover, shaker and policy maker? My money is on Bernanke and other highly successful people who see the value of an institution (such as an insurance company) standing behind its investments and protecting their money from ultimate losses, whether living or dying. Who knows, maybe Ben is dumb … like a fox?

    * Information and data quoted from Bloomberg: Ben Bernanke personal net worth takes a hit 7/15/11.

    About the Author

    Michael Ham

    Michael Ham is the founder of the revolutionary and successful coaching sales system found at www.TheSalesTalk.com.

    Originally Posted at LIfeHealthPro on May 3, 2012 by Michael Ham.

    Categories: Industry Articles
    currency