Author Archives: Michael Foley

Investors are easily fooled by buzzwords, sound bytes, memes, and Wall Street knows it. Everyone is chasing the next big thing, and Wall Street is happy to take your money for admission to the show. Wall Street’s investment bankers will drum up hype and throw out buzzwords to drum up interest in an IPO. Investors […]

Is it possible to make $665,000 a year and still struggle to pay your bills? For many highly compensated professionals, this is a sad reality. But how can this be? They did everything according to the book. They followed the supposed blueprint for success. They got good grades, went to college, got advanced degrees, and […]

Since 2021, Richard Branson has lost half his fortune due to stock market volatility. Richard Branson, the founder of Virgin Group, has seen his investment portfolio tumble since 2021 due in large part to his heavy allocation to stocks. ​​ ​​Billionaire and Virgin Group founder Richard Branson’s wealth has tumbled by more than half since […]

A Mexican TikToker recently went viral for calling out Americans for their financial struggles and explaining why some Mexicans are better off financially than Americans. ​​Angel De La Rosa, known as @minipapixm, warns Americans are so broke and working in a system that will ‘never benefit’ them and says people in Mexico at least own […]

Personal finance gurus Suze Orman and Dave Ramsey recently raised eyebrows when they made lofty claims about the stock market. In a recent interview with The Wall Street Journal, Suze Orman said that it’s “very probable that you will average a 12% annual rate of return over 40 years” if you put $100 into an […]

What if you based all your investment decisions on CNBC? I would tell you that you would be disappointed in your results, but that’s exactly what many investors do. They keep coming back to CNBC for investing advice, even when the results of that advice are often underwhelming. Why do investors follow CNBC, and why […]

When most people think of real estate investing, they think of what they see on late-night infomercials. They think of fix-and-flips. They think about acquiring a run-down property and then giving it the Chip and Joanna or Property Brothers treatment. Maybe instead of flipping the property, they decide to hang onto it and become a […]

To invest means to: “Expend money with the expectation of achieving a profit or material result by putting it into financial plans, shares, or property, or by using it to develop a commercial venture.” What the definition of investing doesn’t take into account are the non-monetary elements that go into some investments and the non-monetary […]

According to global investment banking and financial services company UBS, a total of 137 new billionaires sprang onto the scene this year. Hamilton, Isobel Asher, “Billionaires Inherit More Wealth Than They Make” (November 30, 2023 – The Daily Upside). As you can guess from the title of the article, the amount inherited by a number […]

In today’s uncertain and tumultuous market, we often hear about savvy investors like busy professionals, entrepreneurs, and business owners, sitting on the sidelines hoarding cash.  The assumption is that they’d rather sit on cash than risk losses in a volatile market.  But, if you dig a little deeper, you’ll find that these savvy investors aren’t […]