Generosity Wealth Management
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IBM Hard Drive being Loaded into a Plane – 1956
I thought you might like the below picture from 1956. It's a 5 megabyte (MB) drive weighing 2,000 lbs. To put that in perspective, the very lowest end iPhone 5S has a 16 gigabyte (GB) drive, about 3,200 times bigger, while weighing 0.25 lbs. The below hard drive could...
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...
Unemployment in Europe – Still a Disaster
I've been watching the situation in Europe for years now, and fundamentally they have serious long term issues. Specifically, their debt levels, unfunded pension obligations, and employment policies. The long term unemployment rate for Europe has only gotten...
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...
Definition: High Yield
Defined: A high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds. Based on the two main credit rating...
The Hobbit Opens this Weekend
Need I say more?