“A penny saved is a penny earned” – Benjamin Franklin When looking at your portfolio and investments it is up to you to decide when you’d like to be happy- in the short-term or the long-term. In this video we’ll take a look at a chart highlighting time, diversification and the volatility of returns. Spoiler alert: there is no right answer. But if you connect with me directly, I can help you identify what situation you’re most comfortable with and that would provide you with the best returns. Simply email me at email@example.com to start the conversation. Here is my video ... Read More
“Our greatest glory is not in never failing, but in rising every time we fall” – Confucius The last few days have seen lots of headlines and news about the markets, and you may be wondering what this all means. History has shown that investors are rewarded for steady nerves and long term vision. If you’;re in your 60s and 70s, hopefully you still have many years in front of you, so your vision should be long term. Volatility is normal, and the low volatility we’ve seen in the past few years is the exception, not the norm! Click ... Read More
“Happy Families are all alike; every unhappy family is unhappy in its own way” – Leo Tolstoy in Anna Karenina There is plenty to be happy about this year, as almost across the board the unmanaged stock and bond market indexes were up. International markets as well. I get asked all the time “when is the market going to crash?” and “how bad will it be?”. They’re the wrong question. And I use an analogy of a marriage and disagreements to make my point. Below is my end of the year video, where I outline my thoughts on 2017, and ... Read More
“To know what you know and what you do not know, that is true knowledge” – Confucius The 3rd quarter of 2017 is over, and it was another good one. Practically every non-managed stock market index was up, in almost every sector. The markets perform in one of three ways — up, down, and sideways. After a few years of a sideways market, since the election we’ve seen a fairly steady and consistent up market, reaching new highs almost daily. In my video, I address the need to ignore negative naysayers, as there are always doomsday prophesiers willing ... Read More
“If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people” – Confucius The 2nd quarter of 2017 is over, and it was a good one. Practically every non-managed stock market index was up, in almost every sector. The markets perform in one of three ways — up, down, and sideways. After a few years of a sideways market, since the election we’ve seen a fairly steady and consistent up market, reaching new highs almost daily. Periodically I hear “the market ... Read More
The first quarter of 2017 is over, and it was a good one. The “Trump Rally” continued almost unabated, and new records for the unmanaged stock market indices were made most weeks. It’s nice to have a “tail wind” behind you in your investments, but one quarter does not an investment philosophy make. In my video to the right, I talk about the 3 most important things I’ve found to be helpful in reaching your financial goals. And they’re not complicated. FULL TRANSCRIPT: Hi there. Mike Brady with Generosity Wealth Management, a comprehensive full service financial services firm headquartered right here ... Read More
For the longest time I’ve counseled against gold as a part of a client’s portfolio. I’ve heard all the arguments (“it’s a hedge against inflation”, “it lowers the volatility”, it’s real versus paper”), and I discount every one of them. The problem with Gold is that it is unpredictable, and for every instance where it does what you think it should do, I can find an instance where it does the opposite. Here’s a good blog talking about this more in detail Read More
Only 42% of all US Adults have a will or living trust. As American get older, the percentage increases (for those older than 72, 81% have something), but considering we never know when we may die, it is very important to get your estate planning done! I work with a number of very good attorneys, so let’s be sure you’re not one of those who will let the courts decide what happens with your assets instead of you stating it in advance. Read more HERE Read More
In addition to the best financial and investment advice in the world (in my humble opinion), I care about you as a person, and that naturally extends to ensuring you present yourself well in the world. Which is why I can’t help but take notice of Domino’s “No-stain Onesie”. How I’ve survived this far in life without it is beyond me, or the joy I will feel once I buy one. I’ve decided this is an indication of the great times we live in, in that we have such safety, food, and disposable income that we have to worry ... Read More
“Happy Families are all alike; every unhappy family is unhappy in its own way” – Leo Tolstoy in Anna Karenina I’ve been meeting with clients for over 25 years, and every year is there seems to be some major event that causes concern for everyone. This year, it was the presidential election. One thing about the election that everyone seems to agree on is that we’re glad it’s over, even if we disagree whether the outcome was good or bad. At the bottom is my end of the year video, where I outline my thoughts on 2016, and also what ... Read More
In my video this quarter (you have watched it, right?), I mention the long term nature of investing in stocks and bonds, with the presidency a relatively short term event. Don’t fall into the trap of thinking all positives or all negatives because your party (or the other party) is in power. We give too much blame and credit to the President, and when prudent investors have a long time horizon, it is better to stick to the strategy appropriate for you and your risk level, and don’t get emotional. HERE’S A GOOD BLOG TALKING ABOUT THIS IN MORE DETAIL Read More
In May I was in New York City, and the highlight by far was the interview I did with Financial Advisor IQ (division of Financial Times) on biases. It was really fun, and focused on the types of emotions and biases that investors have to be aware of and overcome. The producer liked the interview so much that he decided to make it a 3 part series, so the link below is only for the 1st of 3. The rest came out in July and August, so I’ll link to that in a subsequent newsletter. Anyway, pretty good interview, so ... Read More
I think most of you know that I am a voracious reader, and have been my whole life. So, now it’s time for my annual book review. 67 Books read (35 fiction, 32 general non-fiction and personal development) Most Useful= Get Your Inbox Down to Zero: How to be a Productivity Ninja Best Personal Development= Grit: Passion, Perseverance, and the Science of Success Funniest= Redshirts Most Moving= On Fire: The 7 Choices to Ignite a Radically Inspired Life Best Biography = Born with Teeth by Kate Mulgrew Totally Interesting Book = Marching Powder: A True Story of Friendship, Cocaine, and ... Read More
We’re halfway through the year, and it’s been a volatile one. Brexit was just 1.5 weeks ago, and don’t forget that horrible January. And, this is an election year. What are my thoughts about this year, the big picture, and the election year in particular? Click on the video (6 minutes) for my thoughts. Transcript: Hi there. Mike Brady with Generosity Wealth Management, a comprehensive, full-service financial firm here in Boulder, Colorado. Although I have to admit it’s July 4th weekend I’m recording this on Sunday the 3rd and I’m at my Wyoming cabin. You know with today’s technology, internet, ... Read More
Last week I did a full newsletter on Brexit, with video, explaining my thoughts. The market over-reacted (in my opinion) and then came back to almost where it was before the whole event. Good newsletter if I do say so myself, and recommend you check it out if you haven’t already. 2016 06 29 – Brexit Thoughts Read More
In May I was in New York City, and the highlight by far was the interview I did with Financial Advisor IQ (division of Financial Times) on biases. It was really fun, and focused on the types of emotions and biases that investors have to be aware of and overcome. The producer liked the interview so much that he decided to make it a 3 part series, so the link below is only for the 1st of 3. The rest will come out sometime in July and August. Anyway, pretty good interview, so I hope you watch it. Investors Often ... Read More
Every investor is a forecaster to some degree, even if you don’t admit it. But what kind are you? 1. The Foolish Forecaster 2. The Oblivious Forecaster 3. The Probabilistic Forecaster I know which kind I am (hint: it’s not 1 or 2). Click for the full article describing each type Three Types of Financial Forecasters Read More
In today’s technological world, as long as I have internet and a phone, I’m able to run my business from anywhere. This summer I’m fortunate to spend much more time in our Wyoming cabin now that it’s fully outfitted as another office, just like my Boulder one. In addition to all my business travel this summer, I’ll be traveling back and forth between Wyoming and Boulder, working strategy in the cabin and having in-person meetings in Boulder. Life is good. Read More
The 1st Quarter 2016 is behind us, and boy was it a volatile one! My video today is addressing the very common human behavior when things don’t seem to be moving in the direction we want. When we look at the past 2 years or so, we’ve been in much of a “sideways” market, seemingly without a lot to show for it. The tendency for many investors is to “do something”, but I highlight in the video that proactively doing nothing is an active choice! Don’t be lulled into a false sense of achievement and unnecessarily move things around just ... Read More
As a follow up to my video above, I like the article below because it talks about the tendency to judge financial markets in periods that are so short that it results in higher fees, higher taxes, and lower average performance. With the 24 hour news cycle, news alerts, etc., we are constantly bombarded with information, and the true professional learns what to listen to and not. Click here 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.