Financial Planning, Page 2
Decisions, checklists, concentrated stock, and what money is actually for
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Financial PlanningSecrets to Building WealthThis weekend, Matt Marmorstein and I attended the Annual Urology Association conference. We attend medical conferences to meet doctors who represent a large percentage of our clients and assets under management.Financial PlanningFuture of Financial ServicesI am at a conference in Denver this week with the focus on the future of the financial services industry, economy, and investors. It has been very cold this week and as I write this it is 16 degrees outside. The event isFinancial PlanningChristmas MemoriesYesterday was Christmas, and it seems like it was yesterday already. We are fortunate to have seven of our ten grandkids living close to us. As a result, we had a full house with all-day activities with kids and adults tFinancial PlanningHolidays Are Here!Now that Halloween is over, the winter holidays have officially started. Although Home Depot, Walmart, Target, Lowes, and every other box store thought the Christmas season started in August.Financial PlanningValues & PerceptionsThe stock market is always moving as investors adjust their portfolios to their perspective of the economy and their stock holdings. The result is the actual value of stocks is rarely held as prices fluctuate above and bFinancial PlanningFraud AlertIt seems the scammers are out in greater force than ever. More alarming is their increasing success in scamming honest people out of their hard-earned money. As a result, I wanted to share with you many True Stories of sMarkets and EconomyInvesting for the Long TermIt appears investors are increasing their caution in buying stocks since the major indices peaked for the year high on July 31. Today's decline of the S&P 500 puts the index just 0.1% above its 200 Day Moving Average (DMFinancial PlanningOvercoming TragedyOne year ago, on September 9, 2022, I was in a horrific private plane crash. No, I wasn’t the pilot, nor did I own the plane. The plane was totaled, and amazingly, my friend, the pilot, and I both survived with slight inFinancial PlanningMerry Christmas And Happy New Year!Thinking about Christmas may be a bit early for you, but not for retailers. Executives of all businesses that depend on consumer spending are deep in preparation for this holiday season. These executives are evaluating tFinancial PlanningA Decade-Long Dream Realized in a Financial Advisor's Pilgrimage to IsraelLast Tuesday, we returned from a 10-day pilgrimage in Israel. This has been a trip my wife and I have been wanting to take for decades. Hylan Slobodin and his wife Rita, have been coordinating tours in Israel every two yMarkets and EconomyTiming is Everything, or Is It?Since Jerome Powell, Federal Reserve Chairman, announced early 2022 the Federal Open Market Committee (FOMC) rate hike campaign to slow inflation, analysts have predicted a recession in 2023. Recessions do not suddenly sFinancial PlanningLivingThroughout my life I have benefited from people with more experience and knowledge who have been generous to share what they have learned so my learning curve may be steeper with less setbacks due to mistakes.Markets and EconomyLessons from the Silicon Valley Bank CollapseIt was an extraordinary experience for the years we lived in Cupertino, AKA Silicon Valley. During the late 1990s, neighbors were becoming millionaires and some billionaires overnight when their companies had an Initial Financial PlanningPlanning to WinBelow is a short exert from the Chapter “Strategies to Profit During Market Cycles” from my book, “Physicians Guide to Wealth” released last year:Financial PlanningNot Another Holiday Checklist!2022, or as I like to refer to it, “the year of three two's,” is finally coming to a close. Families across the world are getting together to celebrate the holidays, which means that the final scramble to finish shoppingFinancial PlanningThankfulI thought I would take a break from the exciting world of finance to focus on Thanksgiving and the many blessings we have.Financial PlanningSeasonsNow that Halloween is over, the holidays are officially started. Although Home Depot, Walmart, Target, Lowes, and every other box store thought the Christmas season started in August.Financial PlanningRisk Management, You Say – MainA few weeks ago I was rereading Joe Coulombe’s autobiography, Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys, when I came across this quote:
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