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[…]
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[…]
As a generation, Millennials are unique. Our racial makeup is diverse. Our educational accomplishments are unparalleled. Our attitudes toward marriage are, let’s just say, overly cautious. Like I said, Millennials are unique group. However, it’s our resilience that makes us special. Our maiden voyage into adulthood was immediately greeted by the rough seas of The[…]
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[…]
Family Updates In recent weeks we have had lots of family visits which have been wonderful accompanied by gifts for Ben. This baby almost has a bigger wardrobe than I do! All the grandparents love the chatty happy baby that Ben has become. We have adjusted well to daycare and Ben is stimulated and engaged[…]
From a young age my brother and I had the good fortune of being introduced to personal computing. We were hooked the moment our eyes feasted upon the monochromatic display of our Tandy 8088, which was an extremely progressive and generous holiday gift to get from one’s grandfather. To me, our home computer was a[…]
They say socially responsible investing (SRI) and Millennials go together like participation and trophies. According to a 2018 Harvard Kennedy School study titled “Money, Millennials and Human Rights”, SRI is getting a boost from Gen Y’s demand to establish a greater link between their money and their values. This increased demand, coupled with an alleged[…]
Hanging out on the floor of the NYSE with the Cheddar crew is not a bad way to spend your Halloween birthday. Speaking of holidays and celebrations, I was able to give some evergreen advice on holiday spending and, well, spending in general. This is at least 70% of personal finance in 5 minutes. Ready[…]
Nobody grows up in Boca Raton. You move down from New York, grow old and eventually kick the bucket in the mouth of the rat. The locals have been known to jokingly call the renown retirement community “God’s Waiting Room”. Boca is a palm tree laden paradise where you can enjoy the rest of your[…]
Last week was a tough one for the markets, but any financial planner worth their fee knows that pull-backs, corrections and recessions are all part of the long game. However, even we planners are not completely absolved of the emotional impact market volatility can cause (we feel it too), but good planners are well disciplined[…]