“Show me the incentive and I will show you the outcome.” Charlie Munger When seeking financial planning and investment advice it is important to understand how much you are paying for the advice. This is a key question I recommend asking your Advisor up front (before you start working together) and should include a breakdown […]
Financial Advice Fee Models Part 1: Commissions Read More »
“Money makes money. And the money that money makes, makes money.” Ben Franklin What My High School Math Teacher Taught Me About Building Wealth It was towards the end of my senior year in high school. I’d already been accepted into college. Other than my final high school track season, I had an acute case
How To Get Rich Slowly Read More »
I began my career as a financial advisor in the summer of 2000. At the end of that year the yield on the ten year Treasury bond was 5.12%. If I had purchased a $10,000 ten year that day I would have received interest of approximately $512 per year. If I didn’t sell the security
Falling Bond Prices Mean Higher Future Income Read More »
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” John Maynard Keynes The above quote notwithstanding, there is one government program that can significantly help the individual investor during a period of high inflation. It is the lowly savings bond, specifically the Series
I Bonds Can Help Savers Endure Inflation Read More »
‘The Times They Are a-Changin’ -Bob Dylan Inflation has often been called a “silent thief”. It slowly steals your savings and income without you even seeing a decline on your bank statement. Inflation is like a tax you don’t see. A pickpocket that steals the value of your cash rather than the cash itself. In
Dawn of a New Inflationary Era? Read More »
