Independence Forever “Liberty, once lost, is lost forever.” –John Adams 07-05-2021 Happy belated 4th of July. It’s one of my favorite holidays of the year. Did you know that prior to our great Country being born on 7/4/1776, there was a significant movement being advanced not to secede from England? It was actually a speech …
The Mind of Matson “If an investors portfolio is depending on a prediction, it’s already broken before they even get started.” –Mark Matson, CEO/Founder of Matson Money 06-28-2021 Check out Mark’s appearance last week on TD Ameritrade’s, The Market Close. He offers up a myriad of opinions on everything from gold and bitcoin to the …
How To Outpace Inflation “Inflation is when you pay fifteen dollars for the ten dollar haircut you used to get for five dollars when you had hair.” –Sam Ewing 06-21-2021 This quote pretty much sums up why our investments have to outpace inflation to maintain our standard of living. Check out this short video from …
Avoidance vs Evasion “The avoidance of taxes is the only intellectual pursuit that still carries any reward.” –John Maynard Keynes 06-14-2021 Do you know the difference between tax avoidance and tax evasion? In a nut shell….tax avoidance is taking advantage of every legal step available to pay the least amount of taxes possible. Courts have …
How’s The Dow Doing? “No one would build a stock market index that way today….it’s a crazy way to measure the market.” –Jeremy Siegal, Professor, Wharton School of Business 06-01-2021 Siegal is referring to the Dow Jones Industrial Average (DJIA). It’s probably the most cited index to try to gauge how the overall market is …
The Silent Killer “The great long-term financial risk isn’t loss of principal , but erosion of purchasing power.” –Nick Murray 05-24-2021 Inflation is like high blood pressure. It’s the silent killer. Many retirees and those nearing retirement are far too concerned with loss of principal than the gradual and irreversible erosion of purchasing power through …
Happy Tax Day “A tax is a fine for doing well, a fine is a tax for doing wrong.” –Mark Twain 05-17-2021 Today is the last day to file your 2020 taxes without going on extension. Everyone certainly complains about the amount of taxes we have to pay but do you have any idea how …
The World’s Worst Market Timer “The only problem with market timing is getting the timing right.” –Peter Lynch 05-10-2021 You know my feelings on market timing. In plain simple English…it cannot be done on any consistent basis. There are an abundance of studies out there that prove this point. I have yet to see one …
Buffett’s Argument For Index Funds “This is a great argument for index funds.” –Warren Buffett 05-03-2021 Buffett held the annual meeting for his company, Berkshire Hathaway, virtually over this past weekend. Buffett’s usually good for dispensing some of his investment wisdom to the masses during these events. This year was no exception. To kick thing’s …
A World of Difference “Diversification is your buddy.” –Merton Miller, Nobel Laureate in Economics 1990 04-26-2021 The above quote was Miller’s answer when asked to sum up the most important investment concept that investors should know. I couldn’t agree more. Building portfolios that are globally diversified is one of the primary keys to long-term investment …