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?
When you hear 9 – 10% in the stock market, you must remember that those returns contain every single type of market environment.
Warren Buffet is one of the most successful investors ever, and he still has declines at some point. But, he has the right behaviors ingrained in him to “be greedy when others are fearful, and fearful when others are greedy”.
No one likes declines, but they are part of a full market cycle. When constructing a portfolio for a client, I always try to understand the risk tolerance for them, understanding that unless you’re 100% invested in the stock market, you won’t get 100% of the ups (desired) and downs (undesirable) of that market
Somehow the $28,852,576.06 Man just doesn’t have the same ring to it, but that’s what it would be in 2014 with inflation.
Inflation is a real thing, even if it’s been incredibly low as of late. With quantitative easing and a zero interest rate policy by the Fed, it’s actually been unusually low and for a sustained time frame.
I think it’s reasonable to expect inflation in the future, whether that’s 2, 5, or 10 years.
There are some investments that are less interest rate and inflation sensitive than others, so keep that in mind when crafting a well diversified portfolio. If you have questions about your portfolio, I’m just a phone call away.
It’s BBQ season, and I want my clients to be the smartest in the neighborhood! So, when the conversation drifts away from FIFA World Cup and towards how International ETFs work, you’re totally going to be ready.
Like investment theories, there are different philosophies on the best way to hold a hamburger for maximum efficiency.
Hey, I’m an efficiency fanatic and need to know these things.
So, researchers spent 4 months (experts in fluid mechanics, engineering, and dentistry) to figure out the best way eat a large hamburger. It included a 3D scan of the hamburger to study how the particles interacted together.
Now that I’ve teased you, click on the link to watch the 1:26 video with the answer.
