Generosity Wealth Management
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Difference Between Fiscal and Monetary Policy
What's the difference between Fiscal and Monetary policy? It seems like discussions about these 2 similar, but very different, topics are forever getting confused. If you're worried about taxes, deficits, and the debt, is that a fiscal or monetary issue? I want you to...
Learning to Take Small Losses Quickly
One important lesson in managing a portfolio is: Take your losses quickly and move on! We're all going to make mistakes. The right thing to do is admit it was a mistake, sell the loss, and move on to your next investment. It's that simple. It's what separates the pros...
FDIC on checking accounts going to infinity
Starting next year, the FDIC limit on checking accounts will increase from $250,000 to an unlimited amount. What? Isn't the FDIC broke already? Yes, but why let that get in the way of a government (or quasi-government) policy. This coverage amount will last until the...
Unintended Consequences
There is an interesting study that says states that ban texting while driving actually have rising accident claims. Why? They theorize that drivers try to evade police by lowering their phones when texting, which increases the risk by taking their eyes even further...
Mr. Potato Head
Continuing my fascination with Mr. Potato Head on his 60th birthday, I'm amazed by the special edition Potato Heads over the years. After looking over the list, I don't see a Mike Brady Mr. Potato Head or even a Generosity Wealth Management Potato Head. Hmm, I wonder...
Mid-Quarter Update
We're 1/3 done with the quarter, elections were yesterday, and lots left in the year. In this week's video, I give a little update on the quarter and year so far, plus a discussion about why you have to take the comparison of your portfolio to an unmanaged index with...
