Generosity Wealth

“Knowledge is of no value unless you put it into practice.” Anton Chekhov 30 years ago, financial advisors were the primary source for market information, such as how things are performing, statistics, etc. Access to the information was not readily available to the general public and it was a financial advisor’s job to communicate specifics […]

“What the new year brings to you will depend a great deal on what you bring to the new year.” – Vern McLellan 2020 was a rollercoaster of huge declines followed by a huge recovery, with ultimately happy investors at the end of the year. 9 months ago however, we didn’t know this would be […]

“Every word matters. Don’t make the simple complicated, make the complicated as simple as it can be. You’re not finished when you can’t think of anything more to add to your document; you’re finished when you can’t think of anything more that you can remove from it.” – Ruth Bader Ginsburg Don’t miss the forest […]

“The greatest enemy of knowledge is not ignorance; it is the illusion of knowledge.” – Daniel J. Boorstin No one could have predicted the rollercoaster we’ve experienced this year. From scary drops to tremendous rebounds, we’re reminded that diversifying your portfolio is a much sounder strategy than continually preparing for the worst case scenario. Listen […]

“In politics, stupidity is not a handicap.” Napoleon Bonaparte We have a complex world, especially with the current tumultuous ripples of the pandemic. As we seek to make sense of the ups and downs we tend to assume a binary stance- it must be good or bad. But really it is a complicated formula with […]

“A cynic is not merely one who reads bitter lessons from the past; he is one who is prematurely disappointed in the future.”-Sydney Harris   My mission is to live a generous rewarding and enriched life and to help others do the same.  I apply this to so many areas of my life: personal, business […]

“There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self.” – Ernest Hemingway The market took a deep dive as the Coronavirus pandemic broke loose, but contrary to what many pundits believe would happen, the market is rebounding quite well so far. We have regained […]

He who has health has hope; and he who has hope has everything. – Arabian Proverb Just like you need to be healthy in your body, you have to be healthy in your portfolio. How are these analogous you ask? Well, simple. In both you have to be proactive, not reactive. For your health you eat […]

“By three methods we may learn wisdom:  First, by reflection, which noblest, Second, by imitation, which is easiest, and third by experience, which is the bitterest”  – Confucius   We’re all under strict stay-at-home restrictions now and trying to make predictions about an unpredictable situation, which is impossible. In today’s video we take a look […]

“Alcohol: the cause of, and the solution to, all of life’s problems.” – Homer Simpson One thing we hear, especially during challenging times like these is, “I just don’t want to lose it all. I’m fearful of losing all of my portfolio.” In a diversified portfolio you are invested in hundreds to thousands of various […]

“There are decades where nothing happens;  and there are weeks when decades happen.”  – Vladimir Lenin   It’s been another tumultuous week with what looked like a healthcare crisis, rapidly bleeding into what could be a serious financial crisis. From our last video not even 7 days ago, things within our economy have come to a screeching halt and rebounding […]

“Bear Markets are periods when stocks are transferred from weak to strong hands, as does wealth when recoveries occur.”  – Buckingham Strategic Partners   I promised in my last podcast (March 12th) to have a longer discussion about the current economic and financial situation.  You’ve got it right here!

“Stop a minute, right where you are. Relax your shoulders, shake your head and spine like a dog shaking off cold water. Tell that imperious voice in your head to be still.”  – Barbara Kingsolver Turbulence in a plane is normal, and so it is in the markets. This is the biggest turbulence we’ve seen […]

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.” – Warren Buffett Right now, no one knows how the financial markets are going to completely react to the Coronavirus epidemic and with this recent and most particularly painful downswing it is helpful to […]

“Worry does not empty tomorrow of its sorrow, it empties today of its strength.” – Corrie Ten Boom There’s an old adage that says that the market takes the stairs up and the elevator down. And what that means is that there are sometimes in history spectacular events that have become noticeable that become memorable like […]

“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.” – Peter Lynch   The big lesson for 2020, because it is an election year, is to keep our politics out of our investments.  We give whoever is in power, our particular […]

“You can’t always control what goes on outside. But you can always control what goes on inside.” – Wayne Dyer There are no absolutes in life. When you find yourself making absolute statements, check yourself – are you experiencing a bias or do you need to have some humility about what you’re saying? Then take […]

“Optimism is Pessimism about the dangers of Pessimism” -Tyler Cowen I recorded this month’s video on Monday September 30th, the last day of the quarter.  Not only do I give a recap of what happened in the 3rd quarter, but I also reference my previous two newsletters about volatility (below average volatile year) and politics […]

“Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.” -Benjamin Franklin Many folks are worried about market volatility and yield curve. Whether it’s an inherent worry or a byproduct of negative news coverage, it’s helpful to know if it is warranted or […]