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Generosity Wealth Management blog

 

2014 Review – 2015 Preview

2014 is now over, and a new year is in front of us.

In my video (click on the image below), I briefly do a recap on 2014, and then lay out my arguments for a long term approach, diversification, and reasons why I think being fully invested is wise, particularly as I continue to be optimistic  for the foreseeable future.

Click on the video below for 10 minutes of my thoughts.

https://www.youtube.com/watch?v=ry9OBSeF5O4&feature=youtu.be

 

Hi there! Mike Brady with Generosity Wealth Management: a comprehensive, full-service, wealth management firm headquartered right here in… Read More

Privacy Policy and ADV

Okay, I know privacy notices and my Form ADV could be considered boring, and after the video above (which you clicked on of course), you want a contiprivacy policynuation of the most exciting new information in the world.

Well, privacy policies can sort of be interesting, can’t they?

And my ADV tells you all kinds of things about me, like when I was born, where I went to school (Go Hurons!), and all about my professional registrations.  It also lists my outside activities, charities and other non-profits I’m… Read More

Key Financial Information – 2015

key financial info 2015

A new calendar year also means a new tax year.

Back by popular demand is my Key Financial Information chart as a quick reference guide for you throughout the year.

I work with a number of good CPAs, so don’t hesitate to contact me for guidance as a good CPA can be a valuable member of your financial planning team.

Key Financial Information – 2015 (DOWNLOAD PDF)

Russian Ruble Crisis: Don’t Panic like it’s 1998

I remember the 1998 Russian crisis well.  It was near the end of the summer, and threatened to put a real damper on an otherwise excellent stock market year.   The “Moscow meltdown” bled over the S&P 500, which plunged 20%.Russia 98-14

There are reasons  1998 and today are different

  1. Tough sanction in place have somewhat isolated Western investors
  2. Russia has a war chest of $416 billion in currency reserves today, versus very little in 1998
  3. Russia’s currency is free floating, and not pegged to

Excited Puppy Spots its Owner

I’m not going to lie to you–I’m a total sucker for a cute dog video on the internet.

Yeah, yeah, I know, pretty sappy eh?

Every time I watch this video it makes me smile.  Wouldn’t it be nice to be so lucky to have an animal or person be excited to see us like this puppy is for its owner?

Gosh darn it, I just watched it again and it made me smile.… Read More

Bullish to Bearish Indicators

I’ve mentioned all year long that I’m bullish and optimistic for the foreseeable future, and until data tells me something else, that’s where I remain.

However, what would change my opinion?  What are the data that I look at, and how would they need to change in order for my opinion to change?

Good question, and one I address in this issue’s video:

Hi there, Mike Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado.

The main topic for… Read More

7 Simple Things Most Investors Don’t Do

 

 

2 hands-7

 

I’m entering my 24th year working with clients.

I did financial plans for people decades ago, and usually, those that did reach their goals did so not because they bought mutual fund A instead of mutual fund B, or this investment over another, it  had to do with having the right behavior and keeping the big questions in mind.

Ben Carlson wrote an absolutely wonderful blog that I’ve linked to below.  He says very succinctly what I say all the time… Read More

History is an Outline, not a Blueprint

Falling oil prices and collapsing exchange rates do not mean that it’s 1998 again.   sign posts past and future

There’s an old adage that “economists have predicted 17 of the last 3 recessions”.

History is an outline, a guide, but there’s a reason we disclaim “past performance is no guarantee of future results”.  It should be modified to say “past history does not mean it will repeat itself here again”.

 

History is an Outline, not a Blueprint 

Understanding the New IRA Rollover Rules for 2015

 IRA nest egg

 

One technique for moving money from one IRA to another, and possibly use that money in the meantime, is to do a “60 day rollover”.  This is very common, and can be done once per year per individual IRA account.

Starting in 2015, you can only perform this 60 day rollover once per year for all your IRAs, regardless of how many you have.

What does this mean?  IRA transfers, which I usually recommend for clients, is the way to move money from trustee… Read More

Sriracha Stout, A Brand New Spicy Beer from Rogue Ales

sirracha beer

Someone please buy me this beer.  That is all.

 

Sriracha Stout, A Brand New Spicy Beer from Rogue Ales

Current Market Conditions

As volatility has increased in the past 3 weeks, I want to keep you well informed of my thoughts.

Are the past weeks normal, have the fundamentals changed, or is this the canary in the coal mine we’ve been waiting for?

These questions are answered in my video.

Hi, Mike Brady here with Generosity Wealth Management, a comprehensive, full service wealth management firm, headquartered right here in Boulder, Colorado.

I last spoke to you a couple of weeks ago and at that time, I talked about the third quarter… Read More

What Are the Odds We’re Heading for Another Crash

what are the odds

 

 

 

 

 

 

The magnitude of loss greater than 20% or 30% is actually quite unusual, but 10% happens often, even if it hasn’t happened since 2011.

When it happens it doesn’t feel very good, but it’s not necessarily a prelude to bigger declines, so we shouldn’t jump to that conclusion.

Here’s a full article with more discussion about the odds.

 

The Deficit is Down Because the Private Sector is Up

us gov tax receipts

 

 

 

 

 

 

 

The deficit is the difference between tax receipts (inputs) and tax expenditures (outputs).  The deficit has been declining over the past few years, but it’s not due to decreased expenditures, it’s due to increased revenues.

The private sector has been healing itself over the past 5 years, and it shows with the tax revenue.

 

How International ETFs Work

how international etfs work

How International ETFs Work

Most Popular NFL Team by County

most popular nfl team by county

 

 

 

 

 

 

We love our Broncos, eh?  I love to see all the Orange!

Go Peyton Manning, and go Broncos!

Most Popular NFL Team by County

The Big Picture

The 3rd Quarter was schizophrenic, with most of the unmanaged US and international stock indexes negative, bonds (in general) slightly positive, and with tons of volatility across the board.

Particularly in the past few weeks, every day there seems to be triple digit swings in the Dow, and lots of negative news (ISIS, Ebola, etc.).

Now is the time when we have to remember the big picture and what we as investors are striving towards.  It is the time when emotions can be high, but we need to keep a steady hand and focus. … Read More

Risk of Third German Recession Pressures Europe

Tensions with Russia, slowing global growth and falling consumer confidence mean the region’s biggest economy struggled to grow in the past 3 months, and may turn out to have shrunk for a 2nd quarter running. Merkel

Across the Eurozone as a whole, recently released data showed that economic sentiment dipped in September for a 4th month in a row.

Questions abound about whether this could lead into a vicious circle of falling prices and stagnation.

I’ll continue to watch this closely and make… Read More

When Exotic Devices Create Exotic Problems

Iexotic devices love the below article, and recommend you read it.

Essentially it talks about the limits of complexity, and how exotic devices can create exotic problems.

The reason this is relevant is the applicability of this principal to finance.

  • Any financial model is only as good as the person or team using it
  • Complex strategies can create unforeseen complications
  • Some problems have no solution, so you have to choose which form of

Pimco Founder Bill Gross

Pimco is a mutual and ETF firm with a huge bond fund that has been the player in that space for the past 40 years.  Bill Gross founded the firm in 1971, and it is now around $2 trillion dollars under management. Bill Bross

Last week Bill Gross decided to leave the fund and move to Janus.  This is important because of the disruption to the bond market as huge sums could (and I say could) move from one firm to another.

The bond market… Read More

Saturday Morning Cartoons are No More

I don’t know about you, but growing up I loved my Saturday morning cartoons.  My favorite was Superfriends (by far), but I loved Scooby-do and other shows too.

Sadly, an era has come to an end.  You’ll be glad to know it ended for me 30 or 35 years ago anyway, but for kids today they no longer have a sustained time frame to veg-out in front of the TV.  Sadly, they can do that vegging 24/7 with all the options to watch.

The CW was the final broadcast network to program a Saturday… Read More

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