Archive for the ‘Personal Finance’ Category

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. I 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 short time frame, except to the degree it forces us off our personalized investment ... 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

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

Squandering the Family Fortune

60% of the time a family’s money is exhausted by the children of the person who created the wealth, and in 90% of the cases it’s gone by the time the grandchildren die. The biggest reason they’re squandered is because the people who bilt the wealth do not pass along clear instructions on how to handle the money after they’re gone.  Preserving a fortune requires communication and collaboration that’s hard to achieve. Have you thought about how you’ll maintain your hard earned money in the family after your passing? Squandering the Family Fortune – FULL ARTICLE 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

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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

10 States with the Scariest Death Taxes

“Nothing can be said to be certain, except death and taxes” – Benjamin Franklin Just because they’re inevitable, doesn’t mean you shouldn’t live a healthy life for longevity, and position yourself to pay the least amount in taxes. At least the final estate or death taxes. The link below has the 10 worst states to die in, at least from a tax point of view. Colorado — not on the list.   10 States with Scariest Death Taxes   Read More

Wrong Lessons from 2013

In my video today, I discuss what I’m hoping people don’t take away from 2013. Diversification? What that? For a full discussion of this, listen to my video. Transcript: Hi there, Michael Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado. Today, I want to talk to about the lessons of 2013. I know it is only mid-December but we’ve got 11 1/2 months and I think it’s close enough. More than anything, I want to talk about the lessons I’m hoping investors don’t take away from 2013. Before I get started, ... 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

What’s Your Philosophy?

In my video today, I discuss “what’s your philosophy?”. I don’t mean stock investment philosophy, I’m talking about what you value in your investments. Liquidity, transparency, marketability. These are core values of mine. But, others can have a different approach with different importance placed on certain criteria, and that’s okay! What works for you doesn’t have to work for them, and vice versa. For a full discussion of this, listen to my 4 minute video.   Read More

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Financial Illiteracy

Americans’ grasp of concepts such as investment risk and inflation has weakened, lower than 2009, according to research reports. On the flip side, confidence is still high, and many people gave themselves high marks for managing their finances even as they were using payday loans or over-dawing their checking accounts. As my video above discusses, understanding some of the “big issues” can determine the success or failure in reaching your goals. You obviously have higher than average financial knowledge (because you’re reading my newsletter), but still let me know if I can help you or someone you know, in tackling ... Read More

Characteristics of Successful Clients?

I was recently asked “what are some characteristics or traits you’ve noticed in people who seem to reach their goals?”. Hmmmm…..good question. I suppose I could be completely self-serving by saying “they click on my videos in my newsletter” but that’d be too obvious. So, I’ll start off by saying “they treat their life and goals like a business”. For the rest, you should watch the video.   Good morning. Mike Brady with Generosity Wealth Management, a comprehensive full-service wealth management firm headquartered right here in Boulder, Colorado, although I have clients in many different states. Today, I wanted to ... Read More

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Are you interested in talking with me about your finances and investments but not sure if we’re the right fit? I have clients of all portfolio sizes, ages, employment, and stages of life. What I like to do is make a difference in someone’s life. Frankly, it’s just as rewarding for me to work with a young couple who are serious about planning and saving for their future as it is to manage portfolios and wealth for business owners and retirees. Don’t be shy. If you’re curious about whether we’d be a right fit, give me a call and we ... Read More

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Want More Articles During the Week?

On average, 2 to 3 times per week I post articles and comments on Facebook, LinkedIn, and my Twitter account. Want to know what I think is interesting? I highly recommend you follow me for immediate constant access to thought provoking articles. Facebook- Generosity Wealth Management LinkedIn- Michael Brady Twitter- Generosity WM   Read More

Fiscal Cliff-What’s All the Hubbub?

You’re probably hearing a lot about the Fiscal Cliff, and may be wondering • What does it really mean? • What are the implications? • What can, or should, I do? In order to answer these questions, I have a slightly longer than usual video this week (about 10 minutes), but one of the best ones I’ve done in a while (if I do say so myself). This is a very timely subect, and you’ll be hearing about the Fiscal Cliff in all the media for the next month or so. Now is your chance to be as informed as ... Read More

Do People Really Walk in Circles When They’re Lost?

After a long campaign season, it’s finally over. Whew! You’re either very happy or sad this morning.  So, in order to give you a break and avoid inundating you immediately with my views on what this election return means, I’ve decided to answer the age old question “Do People Really Walk in Circles When They’re Lost?”.  I, of course, also tie this into my views on the importance of goal setting in your financial life. Relax, sit back, and hear something refreshingly non-political. TRANSCRIPT: Good morning, Mike Brady with Generosity Wealth Management speaking to you from Boulder, Colorado. And today ... Read More

2013 Tax Planning Guide

Two months left in 2012, and much of the Bush Era Tax Rate Cuts are set to expire. Now is the time to ensure you’ve done your last minute tax planning for 2012, and looking towards 2013. Click here for your downloadable PDF of my 2013 Tax Planning guide. Read More

Diversification or Dilution

I’m a believer in Diversification as a component of any long term investment strategy. One of the most famous money managers of all time, Peter Lynch, once said “I love all my stocks–that’s why I own them–but I know 20% are going to be dogs and disappoint me. I just don’t know which 20%”. This is a key investment strategy. This week’s video I talk about Diversification and Dilution. Are you truly diversified?   TRANSCRIPT: Good morning, Mike Brady Generosity Wealth Management talking to you from Boulder, Colorado. And today I want to talk about diversification, dilution, how much diversification ... Read More

Make Saving a Habit

I’ve met with literally thousands of people over my 21 year career. Many people have asked “how can I be rich?”. The question is so difficult to answer. Besides the obvious “win the lotto” and “hope you inherit tons of money”, most of us will increase our probability of reaching our goals if we simply spend less than we make, save religiously, invest wisely, and avoid catastrophic financial events. Your ability to make saving a habit is one of the first steps. Perhaps you’re already a good saver. Whether you’re a great saver or wish you could be better, I ... Read More

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