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Can Our Newest Millionaire Handle the Job?

In that regard, I would advise Quezada to immediately hire a tax attorney and a licensed financial planner. This is how he should first build his "corporation." He should ignore the unsolicited opinions of everyone else, and there will be plenty. A good licensed CPA, like a great CFO, can make or break any company. This is what Quezada must realize.

For now, I would congratulate Quezada on his new "gig." It remains to be seen, however, how long his tenure under his millionaire title will last. Statistics show that previous winners get fired at an alarming rate. Infractions include gross incompetence, or this case, fiscal negligence.


That's why millionaires often need so much more than what they have. The fear of losing their wealth is often a bigger burden than not having the money at all. "More money, more problems." While it's sometimes true, Quezada will tell you it's at least better than the alternative.

Let's hope he keeps the "job."



This article was written by an independent contributor, separate from TheStreet's regular news coverage.

Richard Saintvilus is a private investor with an information technology and engineering background and has been investing and trading for over 15 years. He employs conservative strategies in assessing equities and appraising value while minimizing downside risk. His decisions are based in part on management, growth prospects, return on equity and price-to-earnings as well as macroeconomic factors. He is an investor who seeks opportunities whether on the long or short side and believes in changing positions as information changes.
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