British lottery winner Roger Griffiths won £1.8 million in 2005, but in just a few short years, he lost it all in what appears to be a classic case of crazy spendthrift behavior wrecking a newfound – and unexpected – fortune. But it is not quite that simple. While Griffiths admits that he did squander a portion of his winnings on celebratory spending, the majority of his losses came from real estate and business investments that went bad when the global economic crisis landed in 2008-2009. At the beginning of his fortune, he could have simply banked a few hundred pounds a day off of his interest, but as he tried to create a larger amount of self-generating wealth, all he did was land himself back in the poorhouse, despite the financial advice he received along the way.
A longtime agent has ideas about how to revamp the U.S. Department of Health and Human Services.
Corporate Credit Facilities LLC is now lumping government bond holding numbers together with the corporate bond holding numbers.
Among other provisions, the bill extends the deadlines for forgivable expenses and repayment of the loans.
Sponsored by NGL
Help your clients plan for their future now so final expenses don’t overwhelm their loved ones later.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.