Investment Mgmt.

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One of this blog’s key themes is that you can get wealthy through disciplined investing in stocks and avoiding the behavioral traps that keep you from earning your fair share of market returns. At some point, regardless of your investment strategy and who manages your portfolio, you’ll be tempted to make a costly investment mistake. Investing is hard. I’m not talking just about skill. Owning stocks is hard. It makes us want to do things we shouldn’t. Stock market volatility is unnerving. In the short-term, markets move in different directions at fast speeds. One day’s moves seem disconnected from the…
ICYMI: Your Wealth Management Checklist – A wealth management checklist for people to use to make sure they’re taking the right financial planning and investment steps. _____________________________ Finding the right financial advisor can be difficult. I contributed to this piece on some good questions to ask during your search. 15 Essential Questions to Ask a Financial Advisor Before You Hire Them by Alaina Tweddale _____________________________ History shows that one party has been best for the stock market: the Whig party, which gave us such inconsequential Presidents as John Tyler, William Henry Harrison, Zachary Taylor and Millard Fillmore. During the Whig…
My book, Beyond the Basics: Maximizing, Allocating, and Protecting Your Capital, defines individual capital allocation as using your resources and good decision-making to increase your wealth. It provides a three-part framework to translate the lessons great CEO’s have learned about increasing their company’s value into something you can use to improve your finances. This individual capital allocation checklist focuses you on the right things in your wealth management journey. Debt Review No revolving credit card debt Home Equity Line of Credit (or other line) to tap into for emergencies and short-term cash needs Consumer and mortgage debts are at…
My book, Beyond the Basics: Maximizing, Allocating, and Protecting Your Capital provides a three-part framework to translate the lessons great CEO’s have learned about increasing their company’s value into something you can use to improve your finances. This individual wealth management checklist adapted from the book focuses you on the right financial planning and investing steps to build wealth. Debt Review No revolving credit card debt Home Equity Line of Credit (or other line) to tap into for emergencies and short-term cash needs Consumer and mortgage debts are at low rates with no sensible opportunity to refinance to lower ones…
ICYMI: Open Enrollment Tips to Maximize Benefits – Make sure you’re taking advantage of all the benefits your company offers during open enrollment season. _____________________________ Two looks at interest rates. The first is a contrarian case for rates rising, and the second provides context on the current rate environment. Maybe Low Interest Rates Won’t Last Forever by Peter R. Orszag and Visualizing the 200-Year History of U.S. Interest Rates by Dorothy Neufeld _____________________________ Operative word is “investors”. Why investors shouldn’t necessarily care who wins the White House in November by Ben Carlson _____________________________ View this post on Instagram Give me five? #NewYorkerCartoons …
October brings open enrollment season at work. Maximizing your employer benefits is an important financial planning step. That’s because your work benefit plan can be your strongest option for many financial services. A typical menu provides: Health insurance Vision and dental insurance Life insurance Disability insurance (for more tips on disability insurance) Accounts to save on taxes for medical costs Retirement plans Customized other benefits relevant to your company All important stuff that deserves a review to make sure you’re taking advantage of your company’s offerings. This Morningstar article lays out a strong eight point Checklist for Open …
ICYMI: Should You Sell Stocks Before the Election? Investors are concerned about the upcoming election. Should you sell stocks to try and sidestep a potential bear market? Consider these things first. _____________________________ The advice is strongly worded and may turn some people off, but I highly recommend this column. Reading Too Much Political News Is Bad for Your Well-Being by Arthur C. Brooks _____________________________ In a milestone for renewable energy in the U.S., the market cap (but not revenue) of a wind and solar producer exceeds Exxon.Wind and solar producer tops Exxon as most valuable U.S. energy company by…
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I’ve lately fielded lots of questions about selling stocks before the election to avoid a market crash. Whether it’s due to fears of election uncertainty, a delayed outcome, a contested transition of power, or which direction the eventual winner will take us, investors are concerned. And they’re changing their portfolios. What should you do? Don’t sell stocks if you’re in the right portfolio for your situation It’s a good idea to sell stocks if you’re going to need money sooner than planned from your portfolio. However, if your situation hasn’t changed, and you have your long-term money invested in stocks,…
ICYMI: Disability Insurance Overview and Tips – Protecting yourself and your family in the event of a disability is an important step. The right disability insurance planning maintains your lifestyle if you can’t work and protects your investments from being sold off cheaply to access cash. _____________________________ Sustainable bond investing with country debt exposure being weighted on a country’s level of risk from climate change is here. BlackRock ETF thrusts climate change into political sphere by Steve Johnson _____________________________ Investors are concerned about a delayed election’s impact on the market. Goldman Sachs shares its thoughts. Goldman Says Risk of Delayed …
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Taxes can be confusing, and the gift tax is one of the most perplexing of the Internal Revenue Code.    What is the gift tax? The gift tax is a federal tax on the transfer of money or property to another person while getting nothing (or less than full value) in return.  Many people don’t get hit with the gift tax, because the IRS generally doesn’t care about what you give away to other people unless that giving exceeds some lofty amounts. And even if it does, it might mean you just have to fill out some paperwork. How much can you…