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Generosity Wealth Management blog

 

First Quarter Review / Current Thoughts

The first quarter was a great reaffirmation that diversification can be your friend. US Large company indexes lagged, but middle and small companies did better. US Bonds did well (in general), as did international stocks.

While diversification does not guarantee a positive return in a generally declining market, my experience is that it does tend to “buffer” some of the returns so you can stay with the plan that works for you.

In my video, I review the past quarter and continue my theme about what I’m watching to come to a “health” conclusion… Read More

Mike Brady in the Wall Street Journal

WSJ460

There are few things as sweet as your first mention in the Wall Street Journal. March 10th was the day Mike Brady arrived in print!

Since I was written up in the TheSuit Magazine, I’ve had a number of requests for interviews, expert quotes, and general articles about how I interact with clients.

I provide distinction from others in my field in the relationships I build and how I focus on the “why”, vision, and goals. Activating your creative “right brain”… Read More

Avoid Penalties on Your Required Minimum Distributions

I was recently asked by a news journalist my opinion on how to avoid penalties on your required minimum distributions. taxreturncalendar

Of course, my first answer was to make sure you actually take them and problem solved! I think she was looking for more…..so I did in fact answer more seriously.

Personally, I always watch over all my clients that are at least 70 years old (or have a beneficiary IRA) to calculate the requirement and ensure it’s taken care of. If you don’t adhere to… Read More

Time Horizon

I’m a big believer that knowing your time horizon for investments is very important. Unfortunately, many investors, and definitely the media, live in the short term when in fact your needs are middle to long term.

outlook-06-580x443I read this interesting blog (link below) that really sums things up. The only important thing is the probability of reaching your goals over the time frame specific to you.

A time frame super long (over 100 years) like some stock market charts is really irrelevant, as is a super… Read More

USB Mix Tape

usb mix tape

I’m 46 years old, which means I grew up in the 1980s. One thing popular at that time was to make a “mix tape” with a dual cassette player/recorder. You could then give that tape to a friend. We thought we were so COOL! Today, we have iTunes, Spotify, satellite radio, etc. and no one makes mixed tapes anymore. Boo hoo! Well, I’ve got you covered. Now you can buy a USB drive that looks like a cassette so you can make that mix… Read More

Mike’s Thoughts on Regulations

I recently did this really awesome educational video for you on Bonds, but unfortunately I described the characteristics of bond mutual funds in layman terms without a bunch of disclosures, and approval from a higher up regulatory agency is required (come to find out).

So that got me thinking about rules and regulations.  Should we have more or less, are they a cure-all panacea, and most importantly, what are the unintended consequences?

Click on the video below to hear my crazy thoughts on regulations.  All right, they’re not really crazy, but I think the… Read More

Great Article on Generosity Wealth Management

Generosity article

TheSuit Magazine did a nice article about me, my company, and some of my beliefs in their most recent edition.

I don’t often get interviewed, so it was a fun experience.  He got a few things wrong (I was not actually in Africa for 2 years straight but rather kept going back periodically over that 2 year time frame), but overall got it right.

I love my clients, company, and am having a lot of fun while trying to make a… Read More

One U.S. Dollar Could Soon Equal One Euro

The US Dollar is looking pretty mighty these days

Goldman Sachs believes the U.S. dollar will catch up to the Euro and may even be equal by the end of the year. euro to dollar

This is just one outcome of a resurgent America in comparison to the European Monetary countries that are having all kinds of difficulty.  While we ended our bond buying program, they’re just about to start.

This is good news for US travelers to Europe but bad news for… Read More

118 Books in 2014

A couple of years ago I started rating my books I read on www.goodreads.com.

Then I realized it kept track of all of them, and without knowing it I read 73 books in 2013. So, for 2014 I thought “I’ll bet I could read 100 books if I changed a few habits around (like no TV)”. So, that’s what I did, and I’ve never felt smarter and more enriched.

mikes books

I ended up reading 118 books in 2014, 66 fiction… Read More

Surgery Cures Constipated Goldfish

you have too much money when

The title of this should actually be “you know you have too much money when……..”

Yes, that’s right, someone paid $467 for their constipated goldfish to have surgery so it wouldn’t die.

Weird.

Anyway, I’d write more about this but I have to go meet a friend for some all-you-can-eat sushi……..

Surgery Cures Constipated Goldfish

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

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