Develop Wealthy Habits

During my time as a financial advisor and a father of a large family, I have learned a thing or two about managing money. I’m not talking about the technical things you learn in school. I’m talking about the real practical learning that comes from doing and observing. I have been blessed to learn from…

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Elder Abuse, Are you at Risk?

Ten years ago, a normally cheerful couple came to my office in an unusually solemn mood. After some prodding they confided that they feared their only son may one day try to take their assets while they were still living, and asked if there was anything I could do to help. The conversation was difficult…

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Don’t Underestimate Momentum

This year’s new college football playoff schedule is certain to bring some exciting games. We’ve already seen several great games during the regular season with the Miami/Cal game standing out as one of them. Trailing badly in the third quarter 35-10, Miami seemed to be on the ropes and heading towards a disappointing loss, but…

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The Miracle of a Successful Retirement

On January 15, 2009, US Airways 1549 departing LaGuardia airport hit a flock of geese, causing the extremely rare loss of both engines. What followed became known as the Miracle on the Hudson in which all 155 people on board miraculously survived, although the geese didn’t fare quite so well. The recent movie “Sully” has…

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Beware of Risk Creep in Up Markets

While hiking in Switzerland years ago, Launa and I were surprised to see someone jump from a nearby cliff wearing what we later learned was called a wing-suit. Just before hitting the ground, the jumper pulled a small parachute and landed on his feet to great excitement from a nearby crowd. This was followed by…

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Investors Love the Underdog

Americans have always had a soft spot for the underdog. Our natural compassion leads us to cheer for those who face great adversity and yet are still willing to put everything on the line, even when they know their chances of success are low. This may be partly due to our own historical underdog status…

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