“Oh when it all, it all falls down I’m telling you oh, it all falls down” -Kanye West 10 years ago last week (this was supposed to be done last week) it seemed that the stock market, U.S. economy, and the global financial system might actually all fall down–here’s my recollection of the first two days in a crazy week… September…
iTunes Episode 014: Front Running Millennials Show Notes: Barry Ritholtz: Crimes Were Committed The Irrelevant Investor: Making Private Public A Wealth Of Common Sense: Don’t Take Asset Allocation Advice From Billionaires The WSJ: Why The 4% Retirement Rule Is Just A Starting Point Seeking Alpha: Robinhood Is Making Millions Selling Out Their Millennial Customers To High-Frequency Traders Financial Planning: Startup That Buys Small…
No Week In Review Video This Week: Early Morning Soccer and Celebrating Our 12th Wedding Anniversary. Mixtape A Wealth Of Common Sense: Wage Growth vs. The Stock Market “It’s important to remember that the economic backdrop definitely plays a role in what happens in the stock market, but you can’t discount the risk appetite of investors.” Morgan Housel: Long-Term News “The Dow Jones…
What if you were able to create a financial plan that led you to the life you wanted–I’m not talking about retirement at 65, putting your kids through college, and the typical goals covered by most financial plans, but the life YOU really want to be living? Most financial advisors aren’t equipped with the skills to help their clients reach this…
Ten years ago this week it appeared our financial system was about to collapse; Lehman Brothers filed for bankruptcy, Bank of America purchased Merrill Lynch, and AIG had to be bailed out by the U.S. government and taxpayers–all of that occurred on just Monday and Tuesday. I asked my pal, Andrew Thrasher, to stop by on the way to the gym…
iTunes Episode 013: Kick Rocks, Theranos Show Notes: The New York Times: How to Retire in Your 30s With $1 Million in the Bank The Belle Curve: Purposeful Spending Business Insider: Credit-Card Super Users Are Searching For Answers Amid A String Of Shutdowns From Chase, As Billions In Costs On Lavish Rewards Pile Up Provoking Posts: Fake News The WSJ: How Much Money…
Week In Review Articles: The WSJ: Strong Economy Drove Wages Higher in August as Hiring Heats Up The WSJ: Kavanaugh Weathers Raucous Hearing The WSJ: Nike Risks Backlash With Colin Kaepernick Deal The WSJ: Emerging-Market Stocks Enter Bear Territory The WSJ: Tech Stocks Retreat as Senate Hearing Proceeds The WSJ: Amazon Hits $1 Trillion Valuation The WSJ: Tesla Shares Slide After More Executives Leave, Musk Interview Mixtape:…
At the end of every podcast episode, I’ve asked my guests the same question…“How do you define wealth?” After 23 episodes, I have yet to hear the same answer twice, and I have yet to hear anyone include an amount of money in their definition. Instead, the definitions have identified the freedom to spend time with loved ones, good health,…
Many Millennials are entering a stage in their lives where proper financial planning will make a huge impact on their futures. The trouble is, for so long financial advisors didn’t want to work with young professionals, which led to a group of individuals believing they don’t need or aren’t ready for financial planning. Fortunately, there is a growing force of…
Last week I came across an article referenced by Michael Kitces discussing the recent IPO of Focus Financial, a large Registered Investment Advisor. Focus Financial raised $500 million in its initial public offering, which will be used to purchase up to 500 smaller RIA firms as it attempts to grow via acquisition. Although growing via acquisition isn’t my ideal growth strategy, I don’t…