You Can Do This.

Generosity Wealth Management blog

 

Mid-Year Check-In

While there have been some exciting one day swings in the unmanaged stock market indexes so far this year, it’s actually been relatively calm, without big 5% and 10% weekly and monthly swings that we see periodically in the markets.

As of the end of the 2nd quarter, most major unmanaged indexes were about break even.

In my video, I talk about the impact Greece and China may have on the markets going forward, and how the potential interest rate hike in September may affect things.  I’m not gloom and doom, so if you’re… Read More

Mike Brady in the News

I’ve had a great time this year being interviewed by many journalists, allowing me to share my thoughts with others.Forbes-Magazine-Logo-Fontbetter

I was going to post or email each time I was quoted, but there have been so many (Wall Street Journal, Forbes, DailyFinance, US News and World Report), that I was afraid you’d think I was some media hound and it’d get boring.

So, I’ve added a new page to my webpage that will keep a running tally of all my mentions in the general… Read More

Radio Interview with Dr. Jason Carthen

I was recently asked to be on an hour long radio show / podcost talking about ethics in the workplace.jason-carthen-logo

It was titled “Navigating the Demands of Business and Remaining True to Yourself”.

It was lot of fun, and the host was really engaged and enthusiastic.  While he and I talk about the demands of business and how being ethical is so important, I share my life story with him, which many of you know.  I am pretty open with him (as I am… Read More

Never Invest in Something You Cannot Understand

Warren Buffett “Never Invest in a Business You Cannot Understand”Buffett

Good advice.

I’m going to take it one step further and say “something” or “anything”.

I think Wall Street has created a lot of very creative financial products out there, and some of them are good while others are bad.  Mostly it depends on which “tool” you need to meet your individual goals.

That being said, just because something is complicated doesn’t mean it’s better, and you should definitely understand it… Read More

White Castle

White Castle

I’m pretty proud of the fact I’ve lost 32 lbs this year, gave up all sugar, eat pretty darn good, and started Martial Arts training this January. I’m lean and mean, and your typical healthy Boulderite.

However, I absolutely love White Castle.  I grew up in Michigan about 2 miles from one, and whenever I visit Mom and Dad, it’s never complete without a completely disgusting night out at the Castle.

Some people love In and Out Burger.  Fine.  But give me White… Read More

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

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