DLester78's Blog

Single Malt Scotch, Dorito's Loco's Taco's and Covered Calls

DLester78 — Tue, 09 Apr 2013 17:24:14 GMT

Addiction can be a serious b!#*h... only if you are addicted to the wrong things however. That was my thesis statement... hope you like it.

I am a financial advisor and I have three addictions. I love a nice glass of single malt scotch, the new Dorito's Loco's Taco from Taco Bell and Covered Calls. Since we are here to talk about finance, investments etc. let's center our disc...

Is Higher Education Worth it?

DLester78 — Thu, 24 Jan 2013 16:30:50 GMT

I am a financial advisor and I meet with people from all walks of life. I have clients that just got out of Dental/Medical school with 200 to 300k of debt. I meet with nursing students with 65k of debt, and regular MBA's with no debt but have spent 200k on their education.

My daughter is about to be 4 years old in May and I have been putting $300 per month away for her as a college fund. As I meet ...

Marijuana and Economics

DLester78 — Fri, 28 Dec 2012 12:29:52 GMT

I am a financial advisor. I don't encourage the use of any illegal substance nor do I care about politicians, public opinion poll's, or pot heads who want a legal way to get high.

I do believe that marijuana is equally or less destructive as alcohol and tobacco to our economy, our families and our society as a whole. In this discussion I wanted to take a border state (Arizona) and analyze th...

Affordable Care Act - What's coming?

DLester78 — Thu, 20 Dec 2012 17:06:05 GMT

I am a financial advisor with a broker dealer who frowns upon writing blogs or other forms of social media. I have to remain anonymous so that I don't get sidways with them. I work with both businesses and families and I am getting many questions about the affordable care act (Obamacare). I have a timeline of important things that may or may not be valuable to you. I start with employers and move on to families at t...

Grief and Inheritance

DLester78 — Fri, 07 Dec 2012 11:45:15 GMT

I am a financial advisor I cannot publish my name or my firm due to regulatory concerns and a super strict broker-dealer. I am not a writer, but I do think, and I wanted to explore this avenue of clarifying my thoughts. Hope you enjoy.

I currently have 4 open cases where someone has recently passed away or we are scrambling to get final documents/wishes in order to prepare for death. If ...

Quick Idea for Christmas

DLester78 — Wed, 05 Dec 2012 13:01:38 GMT

Mom's and Dad's, Grandpa's and Grandma's...

You have a choice this year at christmas...

Option 1:

Take your money, buy a shiny new toy for your little Cherub. Your child will play with it for two weeks and then he/she will break it, stop playing with it, or lose it. I know this sounds pessimistic but I have a three year o...

401K borrowing. Is it smart?

DLester78 — Mon, 03 Dec 2012 11:36:34 GMT

I am a financial advisor. I work with businesses and families to create net worth. I cannot advertise myself or my firm due to regulatory concerns. While I wish that I could call myself a writer, I am not.

When you a hear a question for the 500th time it suddenly dawns on you that this discussion is one surrounded by uncertainty. As an advisor I often get the same questions over and over... D...

Personal Balance Sheets and Net Worth

DLester78 — Thu, 29 Nov 2012 10:34:39 GMT

This is my first blog. I am a licensed financial advisor with a major broker/dealer and due to the regulations that they place on me I can't advertise myself or my company. I have been a fool since 2003 and my focus with my clients is wealth management.

If you have never acted in an advisory capacity it is an interesting and sometimes frustrating experience. This is mainly due to the emo...