Financial Tales
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Great story tellers know that people learn and understand life lessons when they are told in the form of a story, a tale or a fable. A few years ago I embarked on a project to teach my children, all 4 of them, the things that I had learned about managing money.
As a first generation Cuban-American most of what I learned as a child, and most of what I still know today, was told to me in the form of a tale. The Cuban tradition, like so many others, has been passed down around the kitchen table, over good food, a strong family, true friends and the optimism that our children would contribute to a better world long after we are gone. Because to so many the written word is beyond their reach, the spoken word has been the way to communicate through the generations.
My intent is to convey what I have learned about money, finance and investments in the same tradition. My lessons are all told in the form of a tale and since I have been advising individual investors for more than 25 years, I have lots of tales that may hit close to home. I hope that you enjoy them and let me know what you think.
- Co-Founder of Chicago Wealth Management, Inc.
- Nationally Recognized Expert on Sustainable Distributions
- Registered Investment Advisor
- Speaker on financial/investment planning
- Fluent in Spanish - First Generation Cuban/American
Education:
University of Rochester - MBA - Finance and Applied Economics - Honors - 1982
Johns Hopkins University - BA - Natural Science - 1980
Recent Activity
June marks the beginning of summer and the season for weddings. Weddings are on my mind as I write today because my daughter is recently engaged to be married in 2011 and as a family we are going through the joys and logistics of planning her wedding. As those that have gone through it will know, it seems there is more logistics than joy at this stage of the process.
I am releasing A Tale of Insurance. In this tale I effectively advocate the purchase of cheap term insurance instead of expensive permanent insurance. It is my effort to help stimulate the economy. The money you save from buying a term policy or canceling your permanent policy and converting to a term policy can be used for future consumption or for more productive investment. This is a tale for the younger audience though I do have something in it for everyone.
Today's tale is called A Tale of Identity. It teaches us that it doesn't matter if you identify yourself as either an investor or a trader. I know that people like to consider themselves investors while others like to consider themselves traders. I've never understood where one begins and the other ends. From my perspective it doesn't matter what you call yourself but it's important to understand what drives the mentality of those that play the investment game.
