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A must-read this Saturday: Buffett's annual letter

The Oracle of Omaha will release his annual sermon on the state of the stock market this Saturday.

Warren Buffett's letter to Berkshire Hathaway shareholders is always one of the best-read business documents of the year. A company spokesman said this morning that this year's letter and annual report will be posted online.

Click here for Buffett's collection of letters dating back to the late 1970s. Check back Saturday morning on Dollars & Sense to get a taste of Buffett's remarks.

Buffett's holding include the Nebraska Furniture Mart, Helzberg's Diamonds, and See's, a candy company.

Submitted by Steve Rosen on February 23, 2009 - 11:52am.
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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

Answer:

It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

Best Regards,
G. Douglas Dunham

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Submitted by FPA on April 9, 2009 - 2:00pm.
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