Faith and Patience
In Lake Wobegon “All the women are strong, all the men are good looking, and all the children are above average” Sadly, we know only 49% of the children can be above average or the median to be precise. It’s true of children and it’s true of investors. If you believe brains are what is […]
It’s a Marathon
Usain Bolt is the fastest man in the world when it comes to sprinting. The gun fires and Bolt is off and in less than 10 seconds Usain has crossed the finish line. Unlike the mad dash speed of a sprinter, reaching you financial goals is more like running in a marathon where pacing yourself […]
“Hell, yes!” or “No”
Greg McKeown, author of the book Essentialism: The Disciplined Pursuit of Less conducted a session at a NAPFA conference in San Diego last spring and the one thing that stuck in my head was the advice that if the answer to the question isn’t “Hell, yes!” then the answer should be “No”. While Greg was […]
Free Money
Posted by Bryan Taylor Everyone wants free money but I know too many of my peers who don’t care enough about their money to get it. Yes, it takes time, effort, extensive budgeting- and most importantly discipline, but if you are in control of your money you can truly make it work for you- even […]
What You Can Change
The old prayer goes…”God grant me the serenity to accept the things I cannot change, the courage to change the things I can, and the wisdom to know the difference.” You cannot change the markets; they have a life of their own. But you can change the way you see them and the way […]
No Shortcuts
Sometimes it happens. Someone comes into my office wanting to know about their investments and how we manage money but doesn’t want to go through the financial planning process. The have done their own planning or don’t want to do the work to build a real plan. That’s like going to the doctors office and […]
Investing Should Be Scary
It is always amazing how stock market tops attract so many investor dollars. Just when things are at their riskiest point flows of funds into stocks skyrockets. We convince ourselves that the part will last forever and we hate being left out. The flip side is the head scratcher of a down market, where no […]
So Your Didn’t Win the Lottery
Okay, so you didn’t win the lottery. May I suggest some steps you can take to achieve financial nirvana without relying on luck. If you have credit card debt pay it off. If you can’t pay in full this month, then pay an extra $50 or $100. At least pay the minimum plus any interest charges. […]
All That is Gold Does Not Glitter
Boring, boring, boring. That’s how you might describe one of the best investments my kids will ever profit from. Back in 1990 my children’s grandparents bought them 50 shares of Disney common stock for around $500 per child. The kids received the dividend check each quarter and thought it was neat getting a little extra […]
Changing Lanes
Why is it when we get stuck in traffic the other lane always seems to be moving faster? It is sometimes like that with investments we own. Ours is merely creeping while the other guy’s is moving right along…until we switch lanes. Then we seem to be stuck again in the wrong lane
