Margarine and Shorts
First, what is margin? Margin is a collateralized loan from your custodian that lets you control more exposure than your cash balance....
An Optical Illusion Could Teach Us About Value Traps
The classic duck or rabbit illusion seems straightforward. Some people see a duck while others see a rabbit. With a small shift in...
The Light That Burns Brightest
During Thomas Edison’s long effort to perfect the incandescent light bulb, a small accident captured his philosophy of progress. After...
Planning I started my career in the middle of a recession. A friend of mine pointed out to me when we were at a very busy grocery store, that the reason for the chaotic crowd was because it was a Friday and many of the shoppers had just received pay, so could now purchase groceries […]
Why This is Important This is important because figs are delicious. I would also suggest all current clients consider including almonds in your Cheerios if they are available in your area. However, NOT if you have a nut allergy. The Risks of Avoidance Without these additions, Cheerios alone may be a bland breakfast, which if […]
Required Minimum Distributions are minimum amounts that the government requires most retirement account holders to withdraw annually, starting at a specific age. They apply to tax-deferred retirement accounts and are required to ensure that people eventually pay taxes on money that has been growing with tax deferral. The following types of retirement accounts are subject […]
An oligopoly is an economic structure in which a very small number of firms dominate an industry, such as an internet or power provider. These firms have significant market power. They have complete control over prices and output levels without concern for competition. From a practical standpoint, it makes little sense to run redundant power […]
Dollar Cost Averaging is an investment strategy where you invest a fixed amount at regular intervals regardless of the desired asset’s price. The goal is to potentially reduce the impact of volatility on the overall acquisition by spreading out the investments over a period of time. Why Bother Do This? Imagine you wish to invest […]
Doing the work that I do, I have noticed several things about the human condition. Kindness The most significant being kindness, which motivates one much more than assertive or pressuring behavior. Empathy Empathy and understanding for another person’s situation vastly expands the scale of conversation about financial concerns and openness to discuss issues of importance. […]
I now frequently see videos and articles offering financial opinions and advice offered by completely unqualified young individuals with no experience or formal education. To become licensed and educated on topics of finance and wealth creation takes a great deal of time. It ensures a level of understanding and competency that cannot be obtained without […]
Praxeology is the study of human action, based on the idea that people engage in purposeful behavior to achieve specific goals. The premise being action is purposeful: Praxeology begins with the idea that most people act deliberately to achieve desired outcomes. All social situations are ultimately the result of individual actions and choices. Value is […]
A Real Estate Investment Trust is a company that owns, operates, or finances income producing real estate. REITs allow investors to earn income produced through commercial real estate ventures without having to buy, manage, and most importantly, finance properties. Characteristics of REITs -Zac
For those who don’t recall statistical mathematics: Because of the outsized wealth of a small proportion of people, the mean net worth of Americans is dramatically higher than the median. Numbers Time Age Group Median Net Worth Mean Net Worth Under 35 $39,000 $183,500 35–44 $135,600 $549,600 45–54 $247,200 $975,800 55–64 $364,500 $1,566,900 65–74 $409,900 […]
