Most of us Americans have a first-world problem – overabundance. Having too many choices can make us miserable. It reminds me of a Thanksgiving a few years ago when I could sense my wife was stressing out about something. This was out of character. When I asked her what was wrong, she said she was […]
COVID-19 has flashed a glaring spotlight on the differences between red and blue state governance and their general attitudes and approach towards the role of government in business. How blue state governors have handled the pandemic have highlighted the negative impact of their government-first policies vs. the business-first approach taken by red states. Blue states […]
Annie Duke, a former professional poker player who won more than $4 million during her career recently explained in a cnbc.com editorial how quitting can be a winning formula in the world of investing. She first mentioned a quote by legendary football coach, Vince Lombardi, who said, “Winners never quit, and quitters never win.” In the […]
It seems every election season brings out the worst anxiety in people. Take the stock market for example. Every single presidential election cycle pretty much follows the same pattern. The months leading up to the election are typically marked with extreme volatility; then, immediately following the election, the market drops. It doesn’t matter who wins […]
No matter your political affiliation, if Joe Biden wins the upcoming election and Democrats control both chambers of Congress, you can expect to see major changes to the tax code, and based on his proposed changes you can also expect to see a wave of small business owners cashing out and selling their businesses early […]
Is it better to have had and lost than to not have had at all? That question is a variation on the quote by Alfred Lord Tennyson who said, “’Tis better to have loved and lost than never to have loved at all.” Like the Alfred Lord Tennyson quote meant to give oneself comfort after […]
Gambling is not often viewed as a sensible way to build wealth. After all, there are very few gamblers who can successfully do it for a living. Socially, it’s seen more as a form of recreation than as a pathway to financial independence. Sadly, it can also be a form of addiction and destroy family […]
The only certainty we have about 2020 is its uncertainty. Uncertainty is the mantra for 2020. And don’t forget to throw in a pinch of chaos and a dash of volatility. From a financial standpoint, it’s hard sometimes to know which way is up… with the media and conflicting information from multiple sources. It’s hard […]
There’s an exclusive club that has eluded ordinary investors for years. This class of investments has been operating in the shadows for decades – outside the periphery of mainstream investing circles. You can’t download the Robinhood app and gain access to these investments. It’s not that easy. The lucky few who have passed through the doors […]
You’ve heard the saying “Pigs get fat, hogs get slaughtered.” There’s great wisdom in that short phrase that can be applied to investing in turbulent times just like the one we’ve been living through these past six months. There’s also a lesson in there about how to protect your wealth in a time of pandemic […]
