Home Ownership Illusions in Modern Finance

Ownership Illusions in Modern Finance

Ever wondered if the shares you own are truly yours? Explore the surprising truths and hidden complexities of asset ownership that could redefine your investment strategy, and find out what an investment professional thinks of the situation.

user profile picture Chris Martenson Nov 10, 2023
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This week Paul Kiker and I dive into an eye-opening discussion, sparked by David Rogers Webb’s insightful book, ‘The Great Taking.’

Remember the whole “you’ll own nothing (and be happy)” thing?  Ever wonder how they planned to pull that off?  Well, wonder no more.

“Ownership” used to be a really simple thing.  You either owned something or you did not.  Now?  It’s not so easy.  When it comes to financial assets you are usually merely a claimant with nebulous standing in a long chain of more senior claimants.

The revelation that owning a share in a company might not be as straightforward as it appears was both intriguing and unsettling. As I delved deeper, what I found was a gaping negative space in the conversation around ownership. Traditional understanding does not align with the legal reality. These shares, sitting in our brokerage accounts, are not quite ‘ours’ in the way we think. This disconnect between perception and legal truth is not just a trivial matter of wording; it’s a fundamental issue that affects how we manage and perceive our assets.

This week, find out what a financial professional thinks about the topic and what they are doing to responsibly ask the right questions and seek answers.

Peak Prosperity endorses and promotes Kiker Wealth Management’s financial services. To arrange a completely free, no-obligation discussion of your personal financial circumstances and goals with someone who speaks your language and thoroughly shares your outlook on the world, please click this link to go to Peak Financial Investing to begin the process.

FINANCIAL DISCLAIMER. PEAK PROSPERITY, LLC, AND PEAK FINANCIAL INVESTING ARE NOT ENGAGED IN RENDERING LEGAL, TAX, OR FINANCIAL ADVICE OR SERVICES VIA THIS WEBSITE. NEITHER PEAK PROSPERITY, LLC NOT PEAK FINANCIAL INVESTING ARE  FINANCIAL PLANNERS, BROKERS, OR TAX ADVISORS. Their websites are intended only to assist you in your financial education. Your personal financial situation is unique, and any information and advice obtained through this website may not be appropriate for your situation. Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your accountant or other financial advisers who are fully aware of your individual circumstances.

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