Posts Tagged ‘index funds’

Stay the Course with Your Investments

There are two dangerous times in a retirement plan: when things are going really bad and when things are going really good. We have been lucky the last seven and a half years. The market has marched higher at a steady pace with nary a pullback to be seen. There are people in their 20s…

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5 Things Rich People Do That You Don’t

The difference between wealthy people and non-wealthy people comes down to a small set of habits anyone can embrace themselves. There is no special trick or secret. Wealthy people do things the average person does not. Super wealthy people like Elon Musk, Bill Gates, and Steve Jobs share the same wealth-building habits with a bit…

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20 Is the New 50

The world looks different from my side of the desk. Three decades working with clients dreaming of retirement and the good life has revealed things you can’t fully understand unless you see it with your own eyes. We hear crazy talk like 70 is the new 50, indicating people at age 70 are as active…

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Occam’s Razor

Life is more complicated than it has to be. More moving parts do not mean better. Electric cars have one moving the part, the motor; whereas gasoline powered vehicles have several hundred moving parts. More moving parts mean more things can go wrong. When all things are equal, the machine with fewest moving parts that…

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Valuation: Warren Buffett Style Investing

In the course of my work I am frequently asked to place a value on a business a client wants to sell or acquire. There are several ways to determine value in such situations. Today we are going to focus on the value of listed companies (stocks). Warren Buffett has stated most people should drop…

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The Tragedy of the Commons in Investing

Back in the early 1980s a CPA named Herb Vest had this crazy idea to merge the investment and tax preparation fields. By the 1990s both HD Vest Financial Services and your favorite wealthy accountant’s tax firm were hitting full stride. My first career choice was not tax preparation or accounting, it was financial services.…

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