Bill Tatro
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My grandmother was a dedicated English teacher, instructing students how to read, write, and fully understand the English language.  By the same token, I make my living by utilizing both the spoken and written word.  However, regarding the extent that the English language is being abused these days, I’m quite certain that my grandmother would be absolutely appalled, and I would wholeheartedly agree with her. 

As an example, remember when being out of work and being unemployed implied the same thing?  Nevertheless, in this day and age, if you’re out of work but not actively seeking employment, you’re not part of the participation pool, and therefore you’re not considered to be out of a job.  (For a more thorough explanation, I urge you to check out Abbott and Costello on the internet.) 

In addition, there was a time when your financial advisor would essentially let you know how much money you either made or lost for the year.  It was very straightforward information; your investment portfolio was either up or down.  Yet, nowadays, it’s all about “relative performance.”  Thus, in any given year, if the S&P 500 dropped by 30%, and your portfolio was only down 20%, according to Wall Street, you greatly outperformed the stock market and you should be delighted.  Yet, applying that very same logic during both the dot-com bubble collapse of 2000-2001 and the stock market credit crash of 2009, achieving outstanding “relative performance” would have definitely resulted in no retirement for yours truly. 

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Bill Tatro

Along with his 40-years of dedication in the financial services industry, Bill is the President and CEO of GPSforLife, has authored a highly successful book entitled The One-Hour Survival Guide for the Downsized, acts as editor-in-chief of his dynamic monthly financial newsletter MacroProfit, maintains his very own website at billtatro.com, and faithfully continues his third decade on the radio with It’s All About Money which can be heard Monday through Friday on Money Radio 1510 KFNN (Phoenix, AZ). Bill can be reached via email: gpsforlife@yahoo.com.