This afternoon the Senate passed the coronavirus relief plan to help small businesses impacted by the social-distancing-forced shutdown of business and set the stage for a larger stimulus package that is rumored to be between $850 billion to over $1 trillion; this is the stimulus plan that is supposed to put checks in the mailboxes of every American. As of…
Wednesday night was a weird night. For me, it was reminiscent of the night Lehman Brothers went under. I remember being at Sakura in Indianapolis celebrating our second wedding anniversary; during dinner, my phone began blowing up with alerts about the chaos that was occurring on Wall Street. That night I called all of my clients to let them know…
Sometimes the answers you NEED to hear are not the answers you WANT to hear. I can promise you when your financial advisor uses any of these to explain what she thinks is best for you and your family, she is not dismissing your question and concern that led to the answer. In fact, it’s the opposite. She’s trying to…
Just a few weeks ago we were all fearing the next recession; it was code red–recession imminent. The yield curve had inverted, global growth was slowing, the U.S. and China feud seemed to be going nowhere, and the Fed was definitely not doing QE. The headlines and media were certain the next recession was upon us. Things sure have changed…
Midway through yesterday’s Zoom meeting I checked the participant count and I saw 54—that’s right, 54 participants; this number included AGC™ beta members, AGC™ Ambassadors, AGC™ teammates (shoutout to Darlene and Karen), and of course, Taylor and me. With 54 members joining the meeting, this meant there were only a few advisors who were not able to make the meeting…
The last month and 20-ish day have been a blur, and that’s not even including Wealth/Stack. I checked my calendar and the first time Taylor Schulte and I discussed the idea of The Advisor Growth Community™was August 1st. The conversation started with me pitching Taylor on the idea of a newsletter for financial advisors and he responded with, “what do…
I’m still bullish on the future of the profession: Financial Advisors: Courtney Ranstrom / Trailhead Planners Nina O’Neal / Archer Investment Management Samuel Deane / Deane Financial Steve Sivak / Innovate Wealth Brendan Mullooly / Mullooly Asset Management Tim Mullooly / Mullooly Asset Management Ashby Daniels / Shorebridge Wealth Management Brad Sherman / Sherman Wealth Management Russell Kroeger / Upstart Wealth Management Michael Policar / Hightower Bellevue Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions…
It’s been a busy couple of days since arriving home from the inaugural Wealth/Stack conference in Scottsdale, Arizona; I’m just now getting a chance to write up my thoughts from my few days in the desert. First off, I want to congratulate everyone at Inside ETFs, especially Matt Middleton and Sovaida Noronha, my two main contacts there, and Ritholtz Wealth…
The yield curve has inverted, I’m sure you are aware of that by now, which has a strong track record of preceding (not predicting) a recession. There are plenty of investment and market takes out there, but not many coming from the standpoint of a financial advisor. Traders, short term investors, and stock pickers have different goals and probably need…
Today Roman, Leo, and I had a quick discussion about Roman’s new obsession with Range Rovers…white with black trim and rims to be exact. While there is nothing wrong with driving an expensive car, the luxury doesn’t come without sacrifice, and I wanted to see if they would understand that having a more affordable car might allow them to DO…