6 Small but Impactful Financial Steps for High Net Worth Individuals and Business Owners in 2015

For a moment, put aside the country’s economic prospects. Focus on your own personal financial outlook and that of your own business. We’re already more than a month into 2015. Are you seeing financial improvements? Do you have a solid investment and financial plan for the year? Personally, I think the country’s in an improving economy right now with lots of opportunity for smart business owners and high net worth individuals (HNWI). But financial conditions can change quickly. For you to reach your 2015 business and personal financial goals you need financial insight. Here are six ideas that may give you greater opportunities to grow […] Read more »

High Net Worth Individuals: Best Practices

learn how to maintain wealth

Becoming a high net worth individual (HNWI) is one thing; maintaining that wealth can be quite another. Here are some simple but often overlooked best practices for maintaining wealth.  1. Think why before how Don’t even think about how to grow or maintain your wealth until you understand your goals, comprehend your long-term needs and put your situation in context. Think about your financial “pain points.” How important is it to ease that challenge or pain? How will making a financial move affect your family? Why will making a move make you better off than you are today? 2. Understand how all your finances fit […] Read more »

The Warren Buffet Way How He Really Invests For Those He Cares Most About

The following commentary from Fred Taylor is certainly worth a read I always read, with interest, the annual Berkshire Hathaway annual report to shareholders (www.berkshirehathaway.com). Aside from the “obvious” financials that one finds in all annual reports, it highlights the folksy style that Buffet writes in, is very short on typical corporate financial obfuscation and very long on common sense (more on this aspect later). I highly recommend to all a visit to their website and taking some time to peruse the report to absorb not only some of it’s flavor, but also the illumination on the technique and rationale that he and his partner, […] Read more »

The Devil Wears Nada

by Jim Parker Vice President, DFA Australia, Limited The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes. Much of the financial services industry works the same way. Fashion designers, manufacturers, and media operate by telling consumers what’s in vogue this year, thus artificially creating demand where none previously existed. What turns up in the boutiques is hyped as hip by the glossy magazines to make you feel like you “have” to buy it. Likewise, much of the media and financial services industries depend on fleeting trends and built-in obsolescence to keep investors […] Read more »

Watch Out for “The Golden Ticket Trap”

by Jim Parker, Outside the Flags Vice President, Dimensional Fund Advisors In a popular children’s story, the young hero pins all his hopes on finding one of a handful of “golden tickets” hidden among millions of candy bars. It seems many people approach investing the same way. The notion that the path to long-term wealth lies in locating secret and previously undiscovered treasures in the global marketplace of securities is one regularly featured in media and market commentary. One magazine, for instance, runs a feature called “Fund Managers’ Secret Stocks,” referring to supposedly “bargain” stocks the pros keep hidden. (How the stocks can be secret […] Read more »

4 Surprising Insights about High Net Worth Retirees

wealthy retires can struggle in retirement

Wealthy Retires Can Struggle in Retirement Did you know that only 13 percent of workers are very confident of having enough money to live on when they stop working[1]? That percentage is low even for people who have a high net worth. So let’s reveal some truths about retirees and workers who will soon face retirement. Insight #1: Wealthy People Often Struggle In Retirement I’ve seen it many times. Some wealthy people fail to understand the serious financial challenges that even their high net worth can’t protect them from when they retire.  They don’t see the many factors that can destroy financial comfort for anyone: […] Read more »

Surprise! No Selloff in 2013

DImensional Fund Advisors

DFA VP Wes Wellington, whose prose I’ve provided from time to time in my Commentaries, has written an excellent piece reviewing the past year and, as he usually does, focuses on the absurdities provided to us by the media and the financial pundits, their predictions and how those predictions actually worked out. January 7, 2014 Weston Wellington Down to the Wire The unusually strong performance of US stocks in 2013 was a welcome surprise for investors who are following a simple buy-and-hold strategy and a source of exasperation for many professionals caught flatfooted by the steady rise in share prices. It was the best year […] Read more »

Doom and Gloom This Was The Year That Was

With Apologies To The Late David Frost by Fred Taylor I’ve written many times, over the years, regarding the worthlessness of the media — much less the pundits that they quote — regarding prognosticating the future. This applies whether their prognostications are positive or negative — the damage done to investors’ psyches (much less their investment accounts) tends to create either an ongoing case of angst or euphoria. Given the instincts and emotions that have allowed us to survive the millennia as a species, depending upon which phase of the moon is upon us or which phase of the investment cycle, investors seem to vacillate […] Read more »

7 Deadly Investor Traps

7 Deadly Investor traps

Click to view this slideshow “7 Deadly Investor Traps” on Slide Share Was this helpful? Can I help you think through any other issues about your retirement? Please feel free to call me, Gene Offredi, CFP, RFC at 203.453.1017 or visit our website at Summit Investor Coach, LLC.   Read more »

Some Things Just Don’t Change

Date: Tue, 02 Jul 2013 11:37:54 -0400 Probably the dumbest question an investor can ask of anyone who is seriously engaged with the equity markets is: “what do you think is going to happen to (fill in the blank: the market, xyz stock, abc Mutual Fund, the economy, etc.)” We saw earlier this week some wild downward moves in the global markets precipitated by — again, fill in the blank (Bernanke, The Fed in general, Congress, Immigration Reform, Investor fatigue, Possible Increase In Interest Rates, etc.). In fact, the headlines were so “doom and gloom,” that I felt that I had to write an interim […] Read more »