Wessel Investment Counsel, LLC

Investor IQ

Investor IQ: Date: 03/20/2010

Part 1: Listen to Part 1 Long-Term Care Betty Doll , Asheville’s “queen” of long-term care, explains that Medicare often will not cover non-medical custodial care once one has trouble performing certain “activities of daily living.” Betty offers convenient webinars where she can bring you up the learning curve at www.bettydollltc.com. Or, call Betty at 225-9585.
Part 2: Listen to Part 2 Long-Term Care Betty Doll, nationally recognized speaker and trainer regarding long-term care and its related issues, further explains that Medicare covers medically-related care, but not the general custodial care that people often require as they age. Betty also touches upon how one typically qualifies for benefits under a long-term care policy and provides a few statistics regarding one’s likelihood of needing long-term care. You may reach Betty at 225-9585 or visit www.bettydollltc.com.
Part 3: Listen to Part 3 Long-Term Care Betty Doll, who holds the “Certified in Long-Term Care” credential, discusses shared benefits policies, the cost of home health care (see a cost survey at www.bettydollltc.com), how premium rate increases work, when one might consider buying long-term care coverage, the notion of tax-qualified long-term care policies, and care-giver choices. You may reach Betty at 225-9585.

Investor IQ: Date: 03/13/2010

Part 1: Listen to Part 1 Real Estate Long-time real estate attorney David Matney (258-3395) discusses settlement statements, good faith estimates, discount points, origination fees.
Part 2: Listen to Part 2 Real Estate You sit down at the closing table and you notice a substantial dollar amount for “yield spread.” Long-time real estate attorney David Matney (258-3395) explains what you ought to know about this tricky charge. He also explains some basics about title insurance.
Part 3: Listen to Part 3 Real Estate Long-time real estate attorney David Matney (258-3395) shares insights about title insurance, escrow accounts, tax service fees, deeds-in-lieu-of-foreclosure, and a couple benefits associated with taking title (for married couples) as tenants-by-the-entirety.

Investor IQ: Date: 03/06/2010

Part 1: Listen to Part 1 Advisor Credentials / Ethics Special guest, Hal Blackwell, a former broker of a major securities firm, explains how cheap online trades and the advent of the “Do not call” list destroyed the brokerage business model and its impact on retail investors. To read an expose about how Wall Street firms angle to skim investors’ profits, order Hal’s book, “Secrets of the Skim” visit www.halblackwell.com.
Part 2: Listen to Part 2 Advisor Credentials / Ethics Special guest, Hal Blackwell, a former broker of a major securities firm, discusses how securities brokers might be influenced by certain conflicts of interest. To read an expose about how Wall Street firms angle to skim investors’ profits, order Hal’s book, “Secrets of the Skim” by visiting www.halblackwell.com.
Part 3: Listen to Part 3 Advisor Credentials / Ethics Special guest, Hal Blackwell, a former broker of a major securities firm, explains that brokers are judged primarily by the level of revenues they generate for their firms – not by the success of their customers. Hal also discusses that brokers often have an incentive to jump from firm to firm and the impact this might have on the end customer. To read an expose about how Wall Street firms angle to skim investors’ profits, order Hal’s book, “Secrets of the Skim” by visiting www.halblackwell.com.

Investor IQ: Date: 02/27/2010

Part 1: Listen to Part 1 Selling a Business Paul Quick shares insights related to selling a business from a business broker's point of view. Paul is a Certified Business Intermediary, and Broker-in-Charge at Asheville Business Consultants. You may reach him at (828) 254-3598.
Part 2: Listen to Part 2 Selling a Business Mike Sowinski, shares insights related to selling a business from a bean counter's point of view. Mike is a CPA with 15+ years of experience and principal of CFO Consultants. You may reach him at (828) 712-2913.
Part 3: Listen to Part 3 Selling a Business Paul Quick and Mike Sowinski discuss 1) which professionals are typically involved in the sale of a business, 2) the general prerability to sell the stock of a business rather than its underlying assets, 3) the importance of structuring the sale so that the seller has an incentive to work toward a smooth transition, 4) the notion of "goodwill,"and 5) that an installment sale might be used to reduce income taxes.

Investor IQ: Date: 02/20/2010

Part 1: Listen to Part 1 Divorce Attorney Jennifer Moore (a board certified specialist in family law) discusses separation, divorce, litigation, consent orders, and court orders. (The Moore Law Office: 258-8053)
Part 2: Listen to Part 2 Divorce Attorney Jennifer Moore (a board certified specialist in family law) discusses consent orders, privately negotiated property settlements, marital property, alimony, and child support. (The Moore Law Office: 258-8053)
Part 3: Listen to Part 3 Divorce Attorney Jennifer Moore (a board certified specialist in family law) discusses property settlements, joint debt, and "legal" vs. "physical" child custody. (The Moore Law Office: 258-8053)

Investor IQ: Date: 02/13/2010

Part 1: Listen to Part 1 Estate Planning Long-time attorney Steve Jackson (252-7300) explains how the repeal of the estate tax in 2010 could actually wreck one's estate plan and cause primary heirs to be disinherented.
Part 2: Listen to Part 2 Estate Planning Long-time attorney Steve Jackson (252-7300) discusses "Powers of Attorney" and the different foms they take.
Part 3: Listen to Part 3 Estate Planning Long-time attorney (252-7300) Steve Jackson discusses Health Care Powers of Attorney, Living Wills, and Anatomical Gifts.

Investor IQ: Date: 02/06/2010

Part 1: Listen to Part 1 Estate Planning 30-year estate planning veteran (and attorney) Steve Jackson explains how the repeal of the federal estate tax in 2010 might INVALIDATE one's estate plan.
Part 2: Listen to Part 2 Estate Planning Will Congress "repeal the repeal" of the estate tax in 2010? The elimination of the federal estate tax has effectively been replaced by a capital gains tax ... that would impact many more people than the estate tax ever would have!
Part 3: Listen to Part 3 Estate Planning Attorney Steve Jackson expalins how the 2010 repeal of the federal estate tax could INVALIDATE your estate plan and result in your SPOUSE or other beneficiaries being disinherited!

Investor IQ: Date: 01/30/2010

Part 1: Listen to Part 1 Taxes Tax scams. Don't try any of these!
Part 2: Listen to Part 2 Taxes Tax scams. Don't try any of these!
Part 3: Listen to Part 3 Taxes Tax scams. Don't try any of these!

Investor IQ: Date: 01/23/2010

Part 1: Listen to Part 1 Advisor Credentials / Ethics Pearls of wisdom from Warren Buffett / Inflation-indexed investments
Part 2: Listen to Part 2 Investing Inflation-indexed investments / Insured bonds / Dividends vs. interest
Part 3: Listen to Part 3 Investing General investment concepts: Dividends, interest, appreciation, gains, total return, time-weighted return, dollar-weighted return / Tricky mortgages

Investor IQ: Date: 01/16/2010

Part 1: Listen to Part 1 Investor Psychology Pearls of wisdom from legendary investor, Warren Buffett
Part 2: Listen to Part 2 Investor Psychology Pearls of wisdom from legendary investor, Warren Buffett
Part 3: Listen to Part 3 Investor Psychology Pearls of wisdom from legendary investor, Warren Buffett

Investor IQ: Date: 01/09/2010

Part 1: Listen to Part 1 Investing Investing for yield? Don't be short-sighted.
Part 2: Listen to Part 2 Investing Investing for yield?Understand "payout ratios."
Part 3: Listen to Part 3 Money Saving Tips A few money-saving tips...

Investor IQ: Date: 12/26/2009

Part 1: Listen to Part 1 Investing Trust preferred securities ... high yields ... with a bunch of potential drawbacks
Part 2: Listen to Part 2 Investing More about trust preferred securities and the associated risks / Royalty trusts ... what they are...
Part 3: Listen to Part 3 Investing Royalty Trusts ... what you ought to know about them before you take the plunge

Investor IQ: Date: 12/19/2009

Part 1: Listen to Part 1 Credit Reports, ID Theft & Junk Mail How to protect yourself ...
Part 2: Listen to Part 2 Credit Reports, ID Theft & Junk Mail Tips about Web surfing, ATM use, "free" credit reports that aren't, and opting out of junk mail.
Part 3: Listen to Part 3 Credit Reports, ID Theft & Junk Mail Opt out of junk mail and "freeze" your credit profile instead of wasting money on credit monitoring services.

Investor IQ: Date: 12/12/2009

Part 1: Listen to Part 1 Social Security Survivors' benefits
Part 2: Listen to Part 2 Talking Heads & Dangerous Advice Beware the "blanket recommendation" (& a bit about Fed policy tools).
Part 3: Listen to Part 3 Fed Policy The Fed drops clues about unwinding the stimulus.

Investor IQ: Date: 12/05/2009

Part 1: Listen to Part 1 Tricky Investment Products Is your broker charging you twice? Learn how to figure it out.
Part 2: Listen to Part 2 Social Security Need more money? Consider a retirement benefit "do over!"
Part 3: Listen to Part 3 Social Security Spousal benefits, divorcee benefits, & cost-of-living adjustments

Investor IQ: Date: 11/28/2009

Part 1: Listen to Part 1 Life Insurance & Annuities Universal life ... a complex solution to a simple problem
Part 2: Listen to Part 2 Life Insurance & Annuities Universal life ... beware the policy "illustration"
Part 3: Listen to Part 3 Life Insurance & Annuities Universal life ... that flexibility may work against you and your insurance agent does NOT represent you! / A bit about a major investment risk that gets no press: Sequence of Return Risk

Investor IQ: Date: 11/21/2009

Part 1: Listen to Part 1 Social Security Civil servants may have reduced SS benefits (& a cautionary word about advisor credentials)
Part 2: Listen to Part 2 Advisor Credentials / Ethics Stockbrokers are licensed to SELL securities, not render investment ADVICE. They're often referred to as "producers" because they're judged by how much they sell. Stockbrokers' and insurance agents' licenses are obtainable after a short period of study and are in no comparable to professional credentials. Also beware that brokers and agents represent their employers, not you!
Part 3: Listen to Part 3 Life Insurance & Annuities Problems with "whole life" insurance.

Investor IQ: Date: 11/14/2009

Part 1: Listen to Part 1 Bonds Even "safe" bonds may be loaded with risks. Credit risk may be obvious, but beware of reinvestment rate risk and interest rate risk.
Part 2: Listen to Part 2 Bonds Understand how changes in interest rates affect bond prices. Persistent federal budget deficits may point to rising interest rates.
Part 3: Listen to Part 3 Economics & Investing Rising deficits, the falling Dollar & some of the implications to investors.

Investor IQ: Date: 11/07/2009

Part 1: Listen to Part 1 Life Insurance & Annuities Life Insurance on Children? Probably not!
Part 2: Listen to Part 2 Life Insurance & Annuities Cash Value Life Insurance … the myths
Part 3: Listen to Part 3 Life Insurance & Annuities More life insuance myths... Impaired risk annuities … for the ill ...

Investor IQ: Date: 10/31/2009

Part 1: Listen to Part 1 Estate Planning Joint tenancy ... some pitfalls...
Part 2: Listen to Part 2 Investing Exchange-traded funds (ETFs) versus traditional mutual funds
Part 3: Listen to Part 3 Investing ETFs versus traditional mutual funds. Ever wonder why your broker-sold fund has an "A," "B," or "C" appended to the end of its name? It provides a clue as to how your broker gets paid!

Investor IQ: Date: 10/24/2009

Part 1: Listen to Part 1 Investing Maintaining Liquidity / Penny stocks are dangerous!
Part 2: Listen to Part 2 Investing Penny stocks are dangerous!
Part 3: Listen to Part 3 Economics & Investing Unemployment vs. Stock Prices / Closed-Ended Funds

Investor IQ: Date: 10/17/2009

Part 1: Listen to Part 1 Funds (ETFs, Mutual, Closed-end) Hear about the time a professional seductress jumped in Glenn's car ... before we get to the generalities of closed-ended mutual funds.
Part 2: Listen to Part 2 Funds (ETFs, Mutual, Closed-end) Has your broker encouraged you to purchase a brand new closed-ended fund? Here's what you ought to know before you agree to that deal.
Part 3: Listen to Part 3 Funds (ETFs, Mutual, Closed-end) Here's why you might not want to buy that brand new closed-ended funds from your broker. Ginnie Maes (GNMAs) caught your eye? Beyond that government guarantee, there are many risks worth knowing about.

Investor IQ: Date: 10/10/2009

Part 1: Listen to Part 1 Investor Psychology A study where brained-damaged investors outperformed a normal group of investors suggests that when it comes to investing, emotion is an enemy of solid decision making. Another study is discussed that illustrates that people tend to draw inferences and conclusions - even in cases where it was impossible to draw any such inferences and conclusions. As an investor, are you guilty of these missteps?
Part 2: Listen to Part 2 Investor Psychology Do you reach investment conclusions based on ill-defined gut feelings? Do you really understand the difference between gambling and investing. Many investors don't.
Part 3: Listen to Part 3 Talking Heads & Dangerous Advice Since Cramer loves to make bold predictions, his feet are held to the fire a bit here. Investment scams are also discussed a bit.

Investor IQ: Date: 10/03/2009

Part 1: Listen to Part 1 Estate Planning Attorney and estate planning specialist Larry Hartley discusses basic estate planning tools.
Part 2: Listen to Part 2 Estate Planning Attorney and estate planning specialists Larry Hartley discusses powers of attorney, software-based estate planning solutions, living wills (declaration of desie for natural death), revocable trusts vs. irrevocable trusts, will substitutes, and a bit about the federal estate tax.
Part 3: Listen to Part 3 Estate Planning Attorney and estate planning specialists Larry Hartley discusses intestacy (dying without an estate plan), other often-made estate planning mistakes, and a few notable estate planning catastrophes.

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