Posts Tagged ‘Planning’

2018 1st Half Year Report

“Life is really simple, but we insist on making it complicated” – Confucius The first half of the year is over, and the year has been up and down on an almost weekly basis. There are reasons to be positive, and pessimistic. In this month’s video, I outline why you should be optimistic, and reasons why you can be concerned. In most areas of life there are pros and cons, but the question is which one wins out on balance. In this case, and I outline this in my video, the positives outweigh the negatives. But that being said, the ... Read More

Investing And Life Are More Like Poker Than Chess

“Success is nothing more than a few simple disciplines, practiced every day.” – Jim Rohn Investing and life are more like poker than chess. I recently listened to an interview with Annie Duke. Ms. Duke’s book, Thinking in Bets along with the interview really resonate with me because her thinking is quite similar to mine. In this quick video, I detail the parallels of investing and poker and why it is critical to keep a “poker face,” keeping your emotional composure during bad….and even good investment periods! About Thinking in Bets: Making Smarter Decisions When You Don’t Have All the ... Read More

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

2017 Review and 2018 Thoughts

“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

2017 3rd Quarter Review

“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

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

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

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

Understanding the New IRA Rollover Rules for 2015

    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 to trustee.          Understanding the New IRA Rollover Rules for 2015 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

What Are the Odds We’re Heading for Another Crash

            The magnitude of loss greater than 20% or 30% is actually quite unusual, but 10% happens often, even if it hasn’t happened since 2011. When it happens it doesn’t feel very good, but it’s not necessarily a prelude to bigger declines, so we shouldn’t jump to that conclusion. Here’s a full article with more discussion about the odds.   What Are the Odds We’re Heading for Another Crash 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

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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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.