“Diversification means always having to say you’re sorry.” -Michael Kitces (I’m not sure of the origin, but I heard it from Michael, so he get’s the credit) Financial advisors who have had to apologize for keeping their clients disciplined and in a globally diversified portfolio can breathe a little easier after 2017. It was in 2017 the international markets finally…
Category: Investing
Don’t Let Their Conviction Fool You
I have to confess something…I don’t follow my own advice when it comes to CNBC. I tell clients all of the time to tune out the noise and not to even turn the station on. Yet, it’s streaming all day in my office; granted all but an hour of the day the sound is turned down so I can listen…
The Ripple Effect Of Cryptocurrency
Crypto education continues…just paid 38% in fees to test out owning Ripple…tuition paid. What a process! — Justin Castelli (@jus10castelli) December 18, 2017 Worried my professional identity was beginning to blur the line between a financial advisor and a crypto-crazy, I had planned to take a break from the world of cryptocurrency and Blockchain after cashing in my initial investment and…
My Cryptocurrency Experiment Update
Since I’ve been vocal about my crypto experiment, I feel I should share I took some gains and am now playing with house money–took out my initial investment for the time being. Not recommending anything, but just trying to be transparent. — Justin Castelli (@jus10castelli) December 13, 2017 Let’s start out with the obvious, this is in no way any…
A Conversation With Pete The Planner on Cryptocurrency
When I first started to explore the world of cryptocurrency and Blockchain it was because I had an inkling clients would eventually have questions and I wanted to be able to at a minimum explain what it was and to direct them to credible resources to further their own education, should they be interested. I didn’t head down this rabbit…
Prerequisites For Investing In bitcoin
Disclosure: As of this writing, I personally own bitcoin (BTC), Ether (ETH) and Litecoin (LTC) and may invest in other cryptocurrencies in the future. If you have not invested in bitcoin, you’re most likely getting the itch as the value of a bitcoin races towards $10,000. Bitcoin and cryptocurrency must have been the topic of conversation at Thanksgiving as investors…
New Podcast: Animal Spirits
A couple of my favorite bloggers and investment professionals just dropped their first podcast. If you are a reader of my weekly mixtapes, there is no introduction needed for Michael Batnick (The Irrelevant Investor) and Ben Carlson (A Wealth of Common Sense). The Irrelevant Investor and A Wealth of Common Sense are two of the first five blogs I check…
Game On For Your 401(k)
There will be NO change to your 401(k). This has always been a great and popular middle class tax break that works, and it stays! — Donald J. Trump (@realDonaldTrump) October 23, 2017 Over the weekend we learned of a proposal floating around D.C. to significantly reduce maximum 401(k) contributions to help fund tax cuts. The specifics were not shared,…
Invest Like The Best Podcast: Hash Power Episodes 2 & 3
My non-finance friends, and even some in finance, give me a hard time about my interest in blockchain and cryptocurrency. In the little free-time that I have, I’m typically reading, or listening to learn more about this new technology that is being compared to the introduction of the internet. Who knows if it will have the impact the blockchain and…
Whiteboard Series: Factor Investing
It’s no secret investment management and research is my favorite part of the execution of a financial plan. Prior to starting RL Wealth Management, I would research different strategies and read what the best money managers would write, but I was never in a position where I could use my research in my clients’ portfolios. That all changed in July…