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Do you drink your coffee at home?

“​I keep seeing this idea that to retire wealthy you need to drink your coffee at home. In other words, if you have a $5 a day coffee habit, instead of buying the fancy gourmet triple lattes with cinnamon, you brew your own coffee at home at a fraction of the cost. Then you take…

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Also posted in Investment Management, Money Management |

Knowing when you don’t know

“The inspiration for this week’s column comes from a series of social media posts from people who clearly did not know what they were talking about. Of course, opinionated people on social media with no knowledge of what they are talking about is nothing new. But one twitter thread, about inadvertently buying options contracts, was…

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Also posted in Investment Management |

What’s the big deal about inflation?

“There has been a lot of talk about inflation recently. Generally, this is the type of bland subject matter that only intrigues economists, but lately more and more people are paying attention. So, what is inflation, and why should you care?” Smart Money Whats the big deal about inflation

Also posted in Investment Management, Retirement Planning, Risk Management |

Chasing past performance

“All things being equal, if investment decision making was rational, then we would have seen record purchases of mutual funds in 2020 when investment prices were on sale, and a return to regular buying activity in 2021 after the big sale was over. Instead, we saw people stop buying in 2020 because the future was very…

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Also posted in Investment Management, Risk Management |

Hot stock tips!

“I know that some people read this column hoping for some hot stock tips. And, without question, there is no shortage of that kind of content in the financial media. If you tend to read columns like this one, it won’t very long before you see an article along the lines of ‘Ten Stocks to…

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Also posted in Investment Management |

How do you handle uncertainty?

“You can’t reach your goals without taking some risk. The question is, how much risk can you handle? Typically, there is no riskless financial planning strategy. Even “playing it safe” has an opportunity cost. You can’t just abstain from making decisions until you have perfect knowledge because then you would never leave the house.” Smart…

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Also posted in Risk Management |

Financial New Year’s resolutions

“This is the time of the year where people will think about making improvements. In the spirit of New Year’s Resolutions, here are some suggestions to improve your financial situation.” Smart Money Financial New Year’s resolutions

Also posted in Planning Encyclopedia |

2021 was the year of audacious speculation

“In 2021 we saw the rise of meme stocks. “What the heck is a meme stock?” you may ask. A meme stock is a stock that experiences unbelievable price appreciation, not because of the fundamentals of the underlying business, but purely because the stock has captured the public’s imagination.” Smart Money 2021 was the year…

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Also posted in Investment Management |

Year end planning tips

“Did this year go by fast, or what? Maybe it’s all the pandemic disruptions that make it seem like there should be more to 2021, but the calendar doesn’t lie. You only have a few business days left to do some financial and tax planning for 2021. Here are some last-minute tips.” Smart Money Year-end…

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Prosperity Goals

The intention of Prosperity Goals is to provide a guided transformation. To provide a sound intellectual framework to make smart decisions, to help people to stay the course, and consequently to help people achieve their financial objectives. The key is that if you identify certain things as being important to you, but you then you…

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Also posted in Planning Encyclopedia |
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