How Much is a Trillion Dollars?
July 20, 2010 — Steve (Views: 25)I think it is important that people understand what a trillion dollars actually is. The word “trillion” is thrown around without anyone, especially politicians, really knowing what a trillion represents. All we know is that it is a “big” number.
My own theory is that if people know what a trillion dollars is, they will have some idea of exactly how much trouble this country is in. So, in many of my seminars I use a simple slide to illustrate how bad the national debt really is and what throwing around figures like a $trillion looks like.
There are currently several bills in the Senate and in the House that are being overlooked by the media because of the health care debate.
According to the Wall Street Journal, 81 percent of investors with $1 million or more plan to take money away from their current advisor.
A surprising 86 percent plan to tell other investors to stay away from their advisor. That is important since investors tend to get advice from each other.
The irritation is especially high at the "brand name" firms -the large brokers and banks. Fully 90 percent of clients of brand firms plan to take money away from their advisor. 70 percent plan to leave altogether.
Isn't it time you considered using the services of Covell Financial? We are a full service wealth management and advisory service.
