That Cursed Volatility

A visitor to my office asked if I thought the stock market was still a good place to invest given all its “recent volatility.” This frequent question carries with it the inference that there was once a time when the stock market was not volatile. When I first became serious about investing the Dow Jones…

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Know When to Turn over the Keys

One of my friends is a former fighter pilot. He loves to fly but as he got older it became clear to others that his skills were diminishing. Finally, his children made the very unpopular decision to take away the keys to his plane. He was initially very unhappy and it caused a significant amount…

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Do You Know Who Stands Behind You? 

When my son Jayden was only 8 years old, he had his brother drive him to the department store to pick out a special gift for Father’s Day. From doing various chores he had amassed a little over $16 – a tidy sum for a guy his age. He was unselfishly planning on spending all…

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Break the Financial Accident Chain

In our office we have been discussing our biggest concerns for investors in 2024. One of the topics of discussion has been the continuing growth of financial scams. Criminals keep getting more clever and bolder. New technologies are also making it easier for them to fool and scam people. Every year we need to add…

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Why is the stock market going up?

The major stock market averages have been climbing recently. Given all the challenges in the world, people keep asking why the market seems so happy. Inflation and interest rates remain stubbornly high while corporate profits, measured by PE ratios, are largely flat — so why all the excitement?  The first thing to understand is that…

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We can learn a lot from Trees

In our prior home we had some huge pecan trees in our yard. Pecans are beautiful trees during the summer, but when they drop their leaves in the fall they look like they have died. Throughout the winter they make the yard appear quite gloomy. One day as I wandered about the pile of leaves…

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Beware of Those Who Sell “Secrets”

My brother loves to cook and is always working on new recipes. One that he spent years on was his famous salsa. In fact, it was so famous that he opened a restaurant built around it called, “Casa Salza.” Now if you didn’t know better you might think, based on the name, that it is…

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Can You Fly the Plane?

At a recent convention our company set up a booth and in it we displayed an FAA certified flight simulator. We invited visitors to take a turn at flying a mock landing, challenging them with the question, “Can you Fly the Plane?” Our booth attracted a lot of attention as many people tried, though relatively…

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Pay Attention to the Little Things

Dana Point is a beautiful place for a vacation, but I wasn’t there for the beach. It was just one of many due diligence trips I take as I research investment options for my clients.  You can learn a great deal about a company if you spend time face to face with the principals. On…

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Beware of the 30-Second-Expert 

When someone learns that the person they just met is a doctor, it is not uncommon for them to roll up their sleeve and say, “Well hey doc, since you’re here can you take a quick look at this thing?” All doctors reading this know exactly what I’m talking about. As a financial advisor I…

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