In the movie “City Slickers”, Curly is asked what the meaning of life is. He replies “One Thing”. It’s my belief that your financial success is so much more than just investments. That’s why I named my company “Generosity Wealth Management” instead of “Generosity Investment Management”. I feel 80% of acquiring and preserving wealth is behavior, not chasing after the home run investment. A colleague here at the office said “funny, the harder you work the luckier you seem to get”. I couldn’t agree more. My video this week is about the importance of finding the “one thing” that you’re ... Read More
One of my goals in my newsletter is to bring to your awareness things that I find interesting or alarming. The article below is in the “alarming” category. Japan borows more than it raises in taxes, and its debt amounts to two years’ worth of Japan’s economic output. Japan has the highest debt-to-GDP ratio in the world. Half of the country’s tax income is directed to simply servicing it’s debt. In addition to Europe and China (which I’ve written about in the past), Japan is one of the next huge players we’ll be unraveling in the future. I have great ... Read More
Are you tired of reading and hearing about Greece? Me too, but that doesn’t mean it’s going to stop. The most recent Greek agreement is a joke (in my opinion) and makes a significant number of overly optimistic assumptions about the future. As I view it, there is no way the European Monetary Union can survive in it’s current form, and definitely not with Greece in there. Where is the money to be made for investors like us? I continue to advise a higher allocation to the United States and avoid Greece and the whole of Europe for at least ... Read More
Continuing the theme from my video, investor behavior has a significant influence on your success. A recent study found that cells deep in the brain calculate a sort of moving average of past events, giving the greatest weight to the most recent outcomes. So, even after a long term upward trend, or long term downward trend, a few months in the opposite direction can prompt impulsive investor decisions towards or away from stocks. Avoid the knee-jerk reactions. This is Your Brain on a Hot Streak Read More
Oh yeah, Duff Beer. This post only makes sense if you watch the Simpsons or have kids that watch the Simpsons. I’m 43 years old now and I’ve been watching it since I was about 18 and in college. Hard to believe it’s been on that long. Anyway, the fictional Duff Beer is now available in the UK. If anyone is going over there soon, can you buy me some? Read More
It is common for there to be declines in the markets throughout the year, sometimes even double digits declines. This is to be expected. As an investor, one of the reasons we diversify and modify our allocations throughout the year is to try to minimize these fluctuations. What should you do when there is one of these expected declines? It depends on the situation at that time. Please click on the video below for a 4 minute discussion I give on this topic…… TRANSCRIPT: Hi there, Mike Brady with Generosity Wealth Management, here in Boulder, Colorado. And I this ... Read More
Unemployment decreased to 8.3%. Good. Participation Rate of the work force at 30 year lows. Bad. In my opinion, we’re at a time in history where there is a dramatic shift in the employment make-up, skills needed, globalization, etc. This relatively short term (1 to 10 years) transition will not be without pain for many, but the market does eventually adjust. Click for the Full Article Read More
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The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested.
The Standard & Poor’s 500 Index (“S&P 500”) is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market.
The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends.
Indexes are often used as a proxy for the stock market and cannot be invested in directly.