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An Investment Advisor from the Old School.
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What About That 80% Rule?
A client called me last month to ask how much income she should have to retire. She said she’d heard of the “80% rule,” which says you should aim to have retirement income that’s about 80% of what you’re making at your job. Is this right? Maybe At first glance, this makes sense. You won’t…
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The High Price of Hogwash
Inflation is much in the news. Oil & gas prices are up. Housing prices have boomed. Commodities are higher than a year ago. Financial advisors have to consider how inflation will affect the retirement plans of their clients. It’s less obvious, but just as true, that the cost of reckless investment ideas has skyrocketed. Owners…
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How Much Bitcoin Should Be in Your Financial Plan?
Let’s skip the suspense: In nice, round numbers – the roundest number, in fact – 0% of your financial plan should be in Bitcoin. I received an email this afternoon from a representative of something called Osprey Funds. He invited me to an “interactive event” that would explain how Bitcoin compares to other asset classes. …
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How Dead Is Bernie Madoff?
Bernie Madoff, who in 2008 admitted to one of the biggest investor frauds in history, died in federal prison last Wednesday. As part of his fraudulent operation, Madoff issued phony account statements, reported steady gains of about 10% per year, and made cash distributions promptly when clients asked for them. Of course, the cash…
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Katerina Wiese Featured in the Midlands Business Journal
The Midlands Business Journal featured our own Katerina Wiese, Vice President & CERTIFIED FINANCIAL PLANNERTM professional in a recent article, “Advisers Lend Retirement Investment Update.” She was asked to comment on recent trends in retirement investing and explain why it’s important to invest. Here’s the article, reprinted with permission of the Midlands Business Journal: Barry…
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Maybe It’s Not as Easy as it Looks
Well, the day has finally come: It’s now easy to make money in the market. All you have to do is buy what’s been going up. Why didn’t anyone see this before? Tech stocks are higher, digital currencies like Bitcoin are jumping, and IPO’s are rocketing as generous company founders can’t wait to share their…