Financial Focus: What do you want for free? The Investing Product or the Advice?

Neighborhood Notes: Free Immigration Service

By PROFESSOR ANTHONY RIVIECCO, MBA PFA

It’s been nearly 100 years in the making. For over 90 years, if one wanted to experiment with the financial markets, all one had to do was call their non-salaried “broker,” place a trade, charge a commission, and off you go. Until the commissions became too high. Then, by the revolution of financial planning in the 1990s, Wall Street mucky mucks came up with another idea: clients would pay financial “brokers” a fee for constructing portfolios and financial planning, typically a percentage of assets under management, and custodians collected interest on clients cash and margin, distribution fees from mutual funds and,

By PROF. ANTHONY RIVIECCIO, MBA, PFA

I have always believed that the growth of government, in regard to social services, is irrelevant. However, I am a strong advocate on how specifically it is used. Some countries like The European Union treat social service payments differently than we do. The Working Family Payment in Europe, for example, works by giving a tax-free payment each week, to people on low incomes who have at least one child who lives with them and is financially dependent on them. The payment is linked to the number of children you have and the income you are in receipt of. If your income is less

Climate change—the concept that our world is getting so hot through global warming that it’s having an enormous impact on everything from rising sea levels to sweltering summer months—has zipped to the list of real pressing concerns. The Norwood News doesn’t want to necessarily lecture you on the devastating effects rising emissions such as carbon dioxide—one of the leading culprits behind climate change (along with methane and nitrous oxide), which is found in the gas you pour into your car—but it will. And rather than turn this into an ideological fight over whether left-leaning progressives are inflating the problem or

By DAVID GREENE

This week we asked readers their thoughts on the state’s ban on flavored e-cigarettes and the trend vaping that’s responsible for killing nine people across the country so far this year. Another quick cash grab like the K-2 epidemic. The government reacts after research sees negative effects in the public. Meanwhile, owners made millions [of dollars] and promise to do better next time. Dion Powell Claremont I don’t know, but I always thought it was a waste of time. Users of tobacco don’t need to smoke less, they need to quit. No smoking at all. Never liked it and

By DAVID CRUZ

Dear Fellow Readers, The year’s nineteenth edition of the Norwood News is out with plenty of interesting community news stories to read and share. We have 28 pages packed full of news from this corner of the Bronx, so let’s start with page one! Our top story focuses on two more Legionnaires’ cases popping up at Tracey Towers. The New York City Health Department is now collecting water samples as part of the city Health Department’s investigation. Reporter Jose A. Giralt continued his coverage with a meeting urging residents to heed the city’s advice. Inside the cover you’ll read Michael

Gambling in My Establishment? I laughed hard when I read the comments of the lady, Ms. Sheila Sanchez, who walked by Whalen Park and was shocked to see men drinking tequila at noon time (Norwood News Vol. 32 No. 18). It reminded me of the scene from the classic movie “Casablanca” with Rick. Rick: How can you close me up? On what grounds? Inspector Renault: I’m shocked, shocked to find that gambling is going on in here! [a croupier hands Renault a pile of money] Croupier: Your winnings, sir. Inspector Renault: Oh, thank you very much. This classic scene from “Casablanca” perfectly describes this hypocrisy of politicians and neighborhood residents who feign blindness of what is

By PROF. ANTHONY RIVIECCIO, MBA PFA

We all want a better life! To have a good job or career. Make reasonable income. Be able to prioritize and budget. To be able to straighten out any debt or credit problems. Maybe buy a home or refinance a mortgage? To be able to save, invest, and retire, properly? How does one do that? Is their a magic formula? In short, yes. And it is called the financial planning formula. Or in short, ask yourself: Can you analyze where you are today? To get where you what to be tomorrow and the plan to get there for the future? Of

Latest Edition of the Norwood News is Out!

By DAVID CRUZ

Dear Fellow Readers, The year’s eighteenth edition of the Norwood News is out with plenty of interesting community news stories to read and share. We have 28 pages packed full of news from this corner of the Bronx, capturing all kinds of stuff. We’re actually veering from our page one, and moving to page two! Our other top story focuses on a Legionnaires’ scare impacting Tracey Towers. The New York City Health Department is now investigating how the bacteria caused two residents to contract the disease. Reporter Jose A. Giralt stopped by a meeting to get a complete breakdown. Back

Oppose Gas-Fired Facility Less than 50 miles north of our Norwood-Bedford Park community, residents of Newburgh, NY and nearby towns and cities are fighting a plan by Danskammer Energy LLC to turn a little used power plant on the shore of the Hudson River into a year-round, 24/7 fracked gas facility. The proposed gas-fired plant would generate air pollutants, including nitrogen oxides, which can cause serious respiratory problems, and carbon dioxide and methane, which trap heat in the atmosphere and are the key culprits in the warming of our planet. Because air pollutants travel, residents of the Bronx (well known