Author Archives: Michael Foley

From the outside looking in, many people think the wealthy have some complicated algorithm running 24/7 on a supercomputer locked away in a backroom for making them rich. The reality is, self-made millionaires, live by one simple rule: DON’T RELY ON SALARY ALONE TO BUILD WEALTH In a revealing article in Business Insider by Thomas C. Corley […]

There is no one machine, program, or algorithm out there that has successfully and consistently predicted and beat the market. This is because stock prices are mostly random and unpredictable. Sure, some analysts get lucky some of the time, but for the most part, most advisors fail most of the time. The market is highly […]

Some are anxiously wringing their hands wondering about their financial futures – wondering what Wall Street has in store for them next. Others are holding their heads in their hands – reeling from the economic fallout from the Wall Street roller coaster. For those who cashed out at the bottom of the latest ride, the […]

This Memorial Day stands out from every other Memorial Day I can remember in my lifetime. Traditionally the unofficial kickoff to summer, Memorial Day weekend is usually a time when the summer’s biggest blockbuster movies are launched, the NBA playoffs are in full swing, the baseball season is ramping up, and some families hit the […]

Investors have an enemy. It’s not hackers from China or Russia. It’s not armed goons outside your door. The investor’s enemy is in their own backyard. It’s high-volume traders and hedge funds on Wall Street with sophisticated high-speed trading tools that are costing you the individual investor to the tune of $5 billion a year. […]

The economic toll brought on by Covid-19 has been devastating. Unemployment has spiked with no relief in sight for many as lockdowns persist in many states. Without downplaying the economic and social distress experienced by many Americans, there may be a silver lining in all of this. There may never be a better time to […]

The Stock Market is more like Vegas and less like a clearinghouse for credible companies seeking capital from disciplined investors. It’s full of IPOs and companies selling the next big thing with no history of profits or steady operations to unsuspecting investors looking to cash in on the next Amazon. It’s full of speculators trying […]

America is an amazing country built on the cornerstones of individual freedom and capitalism infused with a spirit of innovation and entrepreneurship. Like it or hate it, the odds are stacked in favor of risk-takers, entrepreneurs and capitalists. The tax code, in particular, provides multiple incentives and benefits to encourage entrepreneurship and investment. Unfortunately for […]

I recently did a Q&A interview regarding alternative investments and given the current economic situation, I wanted to share that interview with you. # # # As the equities market experiences volatility like never before, investors are turning to an asset class long used by institutional and ultra-high-net-worth (“UHNW”) investors to shield from Stock Market uncertainty […]

On March 10, 2000, while riding on the wave of the dot-com frenzy, the Nasdaq Composite Index hit an intraday high of 5132.52. We all know what happened next – the dot-com bubble burst. By October 2002, the index had fallen 78.4% to 1108.49. Retirements and paper wealth went up in smoke. In the aftermath, […]