Sarah Young Fisher of Kuntz Lesher Capital, on tonight's News 8 at 11, sayd "Twenty precent interest means that in five months, you pay what the price of the product is."

No, it doesn't., Sarah. If it were simple interest, you'd pay that much in five years, not five months. It's an annual percentage interest rate, not a monthly rate.

She was talking about credit cards, so there's a monthly compounding. In five months, 20% interest will cost you $86.16 for every $1000 borrowed.

Who Was That Masked Man?

Sarah is President of Kuntz Lesher Capital LLC. She manages individual portfolios and the investments of trusts, estates, charitable organizations and corporations. The advice she gave - pay off credit cards, which for many people means you'll avoid interest of 30% rather than invest in the market, where you may well lose money - is sound.

Her mathematics, though, are not. This is a message she seems to be giving to all her clients. It comes off as if she's said it a million times. Shouldn't she know better? I would recommend not trusting this firm with a penny. Putting your cash under the mattress gives you a far better return than giving it to someone who will lose it for you, or steal it from you, like Madoff did to his clients.

WGAL should have caught this. It's bad journalism to put forward the recording of someone you call an expert making such a stupid mistake. It reflects badly on WGAL as well as Kuntz Lesher Capital.

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investments - Kuntz Lesher Capital - Sarah Young Fisher - WGAL