Archive for November 2017

Bitcoin’s Achilles Heel

Cryptocurrencies are all the rage with bitcoin (BTC) leading the pack. As I write, BTC blew past a 1,000% return year to date and posted its first trade above $10,000. Experts claim BTC could increase another 400% between now and the end of next year to $40,000 or more! If that doesn’t make your eyes…

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5 Things Wealthy People Demand of Their Investment Advisor

Thirty plus years in the tax field has exposed me to the good, bad and downright vulgar. In the early 1990s I was a top producer at a broker/dealer for several years before refocusing on the accounting end of my practice. Before I left the industry changes were underway. Fee-based asset management was gaining adherents.

The old model of commissions was experiencing the first crack in its armor. Leaving the industry didn’t leave a void in my knowledge as clients consulted with me when considering investments and reviewing their investment advisor.

Fee-based is all the rage today. Many of the original selling points from the 90s are still used today with the exception most reporting is now done digitally online. In a nutshell, people are doing all the fee-based work while still paying a fee.

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Don’t Read This Blog!

For thousands of years in the Western world the best way to be noticed was to have your book banned by the church. Intelligent modern authors would welcome such attention as it guarantees their work will be lifted from obscurity into the light. Every year books are banned. Sadly, your favorite accountant has never made…

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A Lifetime of Thanks

It’s easy to forget to feel grateful for all the awesomeness in our lives. We get lulled into a false sense of superiority in our abilities when the blessings flow unfettered. Only when the boom is lowered do we begin to look around and notice how lucky we have been. It’s the Thanksgiving holiday here…

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Buying Stock at a Discount

  The easiest way to invest in equities is with a mutual fund. The surest way to match market performance is to use index funds. Then there are times we get the urge to do things the hard way. Of all investment classes the broad market has performed best. The stock market, for all its…

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How to Buy an Individual Stock (If You Must)

Good fortune has struck the Accountant household again. Cash has piled up while the retirement accounts are maxed out. Significant funds were added to the non-qualified index funds and there is still cash waiting for investment. I’m generally uncomfortable with too much uninvested cash. Never one to time the market (not that I haven’t tried,…

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Your Share of Passive Income

The biggest risk most people have when it come to building wealth is putting all their eggs in one basket. Having one full-time job supplying you with 100% of your income means you are either doing well or in a crisis. Wealthy people and large corporations have multiple streams of income and continually work to…

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