Archive for the ‘Financial Planning’ Category

When Do You Want To Be Happy?

“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 mike@generositywealth.com to start the conversation. Here is my video ... Read More

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Never Invest in Something You Cannot Understand

Warren Buffett “Never Invest in a Business You Cannot Understand” 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 before investing in it. That’s one of the jobs of your financial adviser, to help explain each investment you ... 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 on the markets. Okay, I’m still ... Read More

Mike Brady in the Wall Street Journal

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” is just as important as the logical “left brain”. I’ve been interviewed on this recently for a technical journal, ... Read More

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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.   Hi there! Mike Brady with Generosity Wealth Management: a comprehensive, full-service, wealth management firm headquartered right here in Boulder, Colorado. Today want to talk about the 2014 ... Read More

Key Financial Information – 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) 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 today’s video is that I am optimistic. I am very bullish and have ... Read More

7 Simple Things Most Investors Don’t Do

      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, and truly believe. Here’s his list of 7 Simple Things Most Investors Don’t Do Look at ... Read More

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. I said it’s been a tough quarter, very volatile and it ... Read More

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.  Now is when we reaffirm what ... Read More

When to Start Taking Social Security

The earliest you can start receiving your social security is at age 62, full retirement age is 66 (for people born between 1943 and 1954), and the latest you can delay it is until age 70. At full retirement age 66 you’re entitled to 100% of your amount, but if you take it early at age 62 you receive 75% of that amount.  If you wait until age 70 then you get 132% of the full retirement amount. So, when should you take it? Let me just say there is no exact right time to take it that is applicable ... Read More

Life Expectancy and Costs

Do you know your life expectancy?  What does life expectancy really mean, and why should we care?  These are the questions I answer in my video this newsletter. Therefore, you should watch my video. Hi there, Mike Brady with Generosity Wealth Management, a comprehensive, full service, wealth management firm headquartered here in Boulder, Colorado. Today I want to talk about life expectancy and withdrawals and Medicare and Social Security, etc. To be honest with you I only have three or four minutes so I’m only going to give you a little teaser and then I’m going to follow up in ... Read More

Investing in Previous Year Winners

One thing to watch out for is assuming the future will reflect the past. As a matter of fact, that whole “past performance is no guarantee of future result” is actually true. So, looking at history over the past 14 to 15 years, what would happen with your returns and volatility if you had invested for the year based on the best asset class for the prior year? Inquiring minds want to know. Therefore, you should watch my video. Hi there, Mike Brady with Generosity Wealth Management, a comprehensive full service wealth management firm headquartered right here in Boulder, Colorado. ... Read More

First Quarter and into the Rest of the Year

The first quarter is now behind us, but all the excitement happened in the first week of April! After reaching new highs, the unmanaged stock market indexes pulled back a little bit, so the question we have to ask ourselves is “what does this mean for the rest of the year?”. Good question, and one I answer in the below video:   Hi, this is Mike Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado, and today I want to talk about the first quarter review and the rest of the year ... Read More

Confidence in Retirement

One third (1/3) of workers and retirees have less than $1,000 in savings and investments in their retirement nest egg. Only 44% have done a calculation to find out how much they should be saving.   With longer life expectancies, your retirement years can be the best years of your life, but outliving your money is a real risk!  One of the biggest and best values I bring to clients is the ability to put the pieces of retirement planning together, and chart the progress along the way.  Please contact me if you feel I can help you with your retirement ... Read More

January Volatility

In my video today, I discuss the most recent January volatility in the stock markets. Does the worst January in the Dow since 2009 mean we need to change our strategy? Is there any change I recommend since my last video about 3 weeks ago? For the answer to these questions, listen to my 4 minute video. Read More

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Beneficiary Update

Now is a great time to ensure your beneficiaries are consistent with your wishes. But you have a will? It doesn’t matter if it’s an IRA, 401k, or other typ e of account that transfers by “contract” vs. through probate. Have an ex-spouse you used to have as your beneficiary but are now remarried? You have to proactively change it to your new spouse if that’s what you want. It won’t change by itself! Talk with me if you need a good estate planning attorney recommendation. Read More

Definition: Back-Of-The Envelope Calculation

Defined: An informal mathematical computation, often performed on a scrap of paper such as an envelope. A back-of-the-envelope calculation uses estimated and/or rounded numbers to quickly develop a ballpark figure. The result should be more accurate than a guess, but will be less accurate than a formal calculation performed using precise numbers and a spreadsheet or calculator. MB Comment: I’ve done hundreds of financial and retirement plans/analysis for clients, and after about 23 years, I usually know the rough outcome even before inputting the data into the computer.   Read More

One Year Ends and Another Begins

2013 was a great year for stocks/equities in general, and pretty bad for bonds. If only we could rewind the year and go 100% in stocks. But would that be wise? Sure, in hindsight and only since we know how it turns out. But investing doesn’t work that way. We work in the unknown, crafting a disciplined investment strategy that helps a person reach their goals. I have a full 2013 recap and 2014 thoughts in my video, so I highly recommend you watch it.   Hi there, Mike Brady with Generosity Wealth Management, the comprehensive full-service wealth management firm ... Read More

When should you start cashing in on Social Security?

At age 62, you receive 75% of what you’d receive at your full retirement age (assuming 66). If you delay until 70 years old, you accrue 8% more per year (32% over 4 years). In general, I usually recommend waiting until 70 to start your social security, but this is also assuming a long life. When you’re looking at social security planning for couples, I have a program on my computer that can track all the permutations (file and suspend, delay, spousal benefits), etc. I’m here to help. 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.