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
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 tape for your friend or loved one (or for yourself). Party on, and long live the ... Read More
Someone please buy me this beer. That is all. Sriracha Stout, A Brand New Spicy Beer from Rogue Ales Read More
The probability of getting audited is much lower today than it was 30 years ago, but is up since the year 2000. It is definitely income dependent. If you made more than $200,000, you had a 3.26 % probability of being audited in 2013, but a less than 1% probability if you made less than that. Over $1mm in income? You’ve got a 1 in 10 chance. Full Article Read More
I saw the below in a blog by Seth Godin (who I absolutely love), and it really struck home to me. They’re definitely words of wisdom that I try to put into my practice as I’m working with clients and living my life “Most of the time, people don’t want a refund or a bonus. What they really want is for you to hear them and to do the right thing. What if every manager and every customer contact in your organization bought into that? Here are some things you can do that don’t cost any money (but they certainly ... Read More
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
What an interesting month! Who would have thought it would turn out to be such a good month just a short 3 to 4 weeks ago? Many people actually, if you seek out alternative voices to that which you see in the daily paper or newscast. I talk about this in this week’s video below. Also, I talk about how you should assess the level of communication in the past 2 to 3 months from your adviser. Did you hear from him/her? You sure as heck should have. Lastly, now is a great time to get back to basics. Click ... Read More
You’ve already taken the first step to greater understanding by reading my blog. Okay, I guess that was a little self-serving, but after my blog there are other sources you should consider following for a more detailed discussion of topics than what you’ll get in your daily newspaper or newscast. Read More
There are lots of sources of information, some of which are irritatingly inflammatory. Here are the sites I go to, or more specifically, have set up as RSS feeds into my Google Reader. I don’t agree with them all the time, and as a matter of fact, the same webpage will have articles from different points of view, but if you’re looking for an analysis of WHY or WHAT a news event might mean, then here are some of the sources I go to. Websites I Like – Link Read More
I recently became President of the Board of Directors of a local charity called Longmont Community Justice Partnership. It’s an Restorative Justice organization that brings together offenders, victims, and the community with the goal of repairing harm that has been done by an offender. This might sound “soft on crime” but experience has shown that sitting across from your victim and members of the community can be more difficult than our traditional criminal system. Offenders have a contract agreed upon by all 3 parties, 90% of offenders complete the contract, and there is only about a 10% re-offending rate (versus ... 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.