This week at Wyson Financial we are having a family event in our beautiful conference room. As I watched my talented daughter putting up the decorations, I thought back on the years since we purchased the building. It was originally a government office that housed the IRS and several other agencies. When we first toured…
Stocks markets are in a correction, loosely defined as a decline of up to 20 percent from recent highs. If stocks fall beyond 20 percent, it is called a bear market. During falling markets most investors just want to know how it might affect them and what they should do about it. I did some…
Saint George, Utah is known for big sporting events. This week is the Ironman race, a marathon competition that can take 17 hours to complete. Participants in this grueling event will experience a wide range of emotions as they pass through periods of speed and exhilaration coupled with exhaustion and pain. To succeed in finishing…
Launa and I were in Dallas looking for a great barbeque restaurant on a busy Friday night. We drove to one that had been highly recommended and found the waiting room crowded with hungry guests. We noticed however, a beautiful barbeque place right across the street that only had a few customers in it. Not…
The late Jim Griswald was an early designer at Piper Aircraft and a legend in modern American aviation. Jim was obsessed with safety but also reportedly told his crew on almost a daily basis, “We can never build a fool-proof airplane, because fools are so resourceful.” As one who regularly reads the aviation accident reports…
I will share a story that has been repeated countless times in my life. A couple whose home had gone up significantly in price commented that they had enormous wealth tied up in their homes’ equity “doing nothing” for them. They were considering borrowing against their home and investing the money at potentially higher rates…
Last weeks’ column generated some great questions regarding annuities. I will try to answer some of the most common here.*Q – Why do you dislike annuities? A – I don’t dislike annuities. They have their place in the right situation. I dislike when annuity salespeople sell them inappropriately. Q – In simple terms, what is…
America is suffering through a major labor crisis. I’ve never seen a time like this. Not only are help wanted signs everywhere, but businesses are also proactively asking their customers if they know anyone at all who would like a job. Already many businesses are operating on reduced hours and reduced services due to a…
When I was a young entrepreneur, everything seemed simple. I paid 5 cents for candy bars and sold them for 10 cents. The math was easy. As you get older, financial numbers get bigger and more complicated. Rates of return become affected by interest rates, taxes and inflation. A persons’ portfolio may have $50,000 more…
Most investors know they shouldn’t try to time the market. Stock markets react to events in ways that are often impossible to predict. The current volatility is a great example. Since the Russian war began, we have had huge swings both up and down on Wall Street, even though the news each day has been…