Last week, I wrote about inflation. Riveting stuff, I know. However, in the post I twice used the phrase, “When I was your age…”, a line that has been used by older generations the world over to express, often with disdain, how the times have changed. Then, it hit me like a double shot of[…]
During an interview with a reporter last week, I was asked what I thought was the easiest investment concept to explain. It was a fantastic question that momentarily put me on my heels. I knew there was no single right answer, but I began racing for one while I ran downstairs to grab a cup[…]
Immediate gratification is not a Millennial thing, it’s an everyone thing. No one likes to wait, which is why you can pay extra not to. Retailers offer next day shipping, amusement parks offer fast passes to cut the lines and don’t even get me started on instant coffee (if you can call it coffee). We’re[…]
A few years back, shortly after Hazel was born, my parents got divorced after 35 years of marriage. Over the weekend, I FaceTimed with my mother in Florida to walk through my childhood room and decide which sacred possessions from my past I’d like to have shipped to me as she has decided to say[…]
For most of 2018, I felt like we were finally getting out of The Great Recession’s lingering haze. For older members of my generation, it has been a solid seven year run of favorable enough conditions to grab onto something we can call our own. Whether that’s a steady job with benefits or a now[…]
It must have been my eighth trip to the New York Stock Exchange. Each time I step on to the floor, I close my eyes and try to imagine what it must have been like to get wrapped up in a typhoon of traders dashing across the exchange to fill their orders before the closing[…]
Yesterday, after a few trades and a handful of afternoon appointments, I closed out my second year at the helm of Bone Fide Wealth. We’ve accomplished a lot in such a short period of time and have established ourselves as a nationally recognized leader in the financial planning profession, as well as a go-to for[…]
I wake up ten to twenty minutes before my daughter’s alarm clock glows green. At 6:30am, Hazel pops up in her bed and begins curating a selection of stuffed animals to place at the foot of her bedroom door. I don’t know why she feels the need to transport her friends from her bed, but[…]
While reading about Bitcoin’s most recent plunge, I stumbled across a blog post from Charlie Bilello titled “Big Winners and Big Drawdowns”. In it, Charlie examined the massive, stomach emptying drawdowns experienced by shareholders of Apple, Amazon, Microsoft and Alphabet at various times throughout the last two decades. I heard that Amazon’s -94% dot-com bubble drawdown[…]
Like most warm-blooded Americans on the day after Thanksgiving, my wife loves Black Friday. As I write this, I am currently staring at her from across my in-law’s living room while she lives her best online shopping life. She’ll scour the internet looking for the best sales for the things we need. While she might[…]