SCAMS “R” US Watch or listen to advertising on the media at your own peril. Years ago, we tended to believe what we saw on TV, heard on the radio or read in a newspaper. Those days are long gone. The overwhelming majority of what’s offered today ranges between a stretch and utter and complete nonsense. Let’s start with commercials from major drug producers that include the suggestion that you ask your doctor if it’s “right for you.” All kinds of drugs are offered in settings that suggest that a wonderful life is just around the corner. Most of these show groups of happy people. Yet another miracle? Probably not. One example are weight loss drugs. Yes, they work, but there’s a hitch. For one thing, there’s the monthly cost that will be at least $165 and possibly much more. For another, to maintain the weight loss, you need to continue taking the drug. An improved diet and exercise routine might be as successful and long-lasting ...
Investment and economic observations by N. Russell Wayne, CFP, MBA. Mr. Wayne is the president of Sound Asset Management, inc. and former Managing Editor of The Value Line Investment Survey.