Enjoy the holidays even more by making giving a family affair

Dear Readers: I’ve been talking a lot about young people and financial education lately, but there’s one thing I haven’t discussed recently that I think is an important part of everyone’s financial lives: giving. Now, with Thanksgiving just ahead and Giving Tuesday coming right after, I want to share some ideas on how to introduce […]

Nonsolicitation agreement can complicate opening a solo practice

Q I was laid off from a corporate job after 10 years as a sales and marketing executive, and am thinking of striking out on my own as a marketing consultant for large corporations. There’s just one problem (well, maybe two). The good news is that my employment agreement with my former employer does not […]

Investing in three British banks may be a rewarding endeavor

Dear Mr. Berko: Most American banks have recovered from the Great Recession. But banks in the United Kingdom have not. I have $30,000 to invest, and I’d thank you for a recommendation of three British banks for my individual retirement account. – L.B., Ann Arbor, Mich.   Dear L.B.: A few hours in a flying […]

Declining revenues and failing partnerships spell trouble

Dear Mr. Berko: In 2007, I invested almost $10,000 in 165 shares of GlaxoSmithKline. The share price was $59 then. It hasn’t been $59 since. How can such a large, important pharmaceutical firm perform so poorly? Please tell me whether I should buy more, hold or sell. When I asked my stockbroker what to do, […]

Elder fraud: what to do when someone you trust betrays you

Dear Readers: Lately, I’ve been thinking a lot about all the seniors in this country who’ve been financially exploited. Friends have told me stories about grandparents who’ve been wiped out by fraud, and I’ve also heard from adult children who’ve been cut out of their parent’s will when a new “sweetheart” comes along. I get […]