Lest there be any possible misunderstanding, the heading of this post is a MYTH, OK?  A solid myth.In a recent article, MONEY vilified Equity Indexed Annuities (EIAs) focusing, naturally, on the most sensational anecdotes, worst products, most corrupt advisers & most heinous practices.Their main talking point was that there were a couple of options other […]

“Even if I knew that tomorrow the world would go to pieces, I would still plant my apple tree.” There’s no way to tell what Dr. King meant by that statement.  But I know it was more than Pollyannaish foolish optimism.  He’s not saying he believes or has faith that the world will not go […]

I’ve been harping on this myth ever since studless snow tires emerged on the market.  Here are the reasons I believe studless tires are safer than studded tires, and are more economical as well: The feeling of safety from studded tires is more psychological than anything else, probably due to the aggressive sound of the […]

I know. The title of this blog post goes without saying, unless you’re a tea-brain talking about your favorite politician of the month. But I never for a moment thought that Barack Obama would be the latest President to disprove this myth: On December 6, he spouted a whole raft of lies. ( Sorry, with […]

This excellent article by John Persinos in “Investing Answers” deserves repeating. I could easily expand it to twenty-five. But here is my summary of the article:#5. Extended warranties for consumer electronics- Odds are that after the manufacturer’s warranty expires you can find a superior replacement for less than you paid for the original.#4. Payment protection […]