How to Become a Better Investor.

Practice makes us all better.  Vince Lombardi once said, “Practice does not make perfect.

Not A Good Toy Story.

Toys “R” Us has filed for bankruptcy protection due to its crushing debt load.  Toys “R” Us was taken private in 2005 by KKR & CO, Bain Capital and Vornado Realty Trust in a massive $6.6 billion leveraged buyout and this mountain of debt has finally caught up with this famous retailer of toys.[1]  Toys “R” Us has been trying to payoff $5 billion

Can You Take Care of My Pets When I Die?

Leona Helmsley died in 2007 and she left a majority of her $12 million estate to her dog, Trouble.[1]   My dog will not be as fortunate.   According to the American Pets Products Association, Americans spend $60.5 billion on their pets annually.[2]  We love our pets dearly and spend lavishly on them while we’re living but how about after we die?  What happens

J.J. Watt and the Art of Setting Goals.

J.J. Watt is an immoveable force and a beast on the football field.   He’s the current defense end of the Houston Texans and a three-time NFL defensive player of the year.   He has been terrorizing quarterbacks since 2011 and has recently decided to sack his largest opponent, Hurricane Harvey.

Lord of the Flies.

Lord of the Flies by William Golding is a classic book and one of my favorite reads.  The story is about a group of boys stranded on a deserted island who try to establish a civilized society with the help of the conch.   It doesn’t take long before their community falls apart and panic and chaos take over with the boys splitting into separate factions.

Hurricane Harvey & Hardship Withdrawals.

The IRS recently announced individuals effected by Hurricane Harvey will be allowed to remove money from their 401(k) plan under the hardship provision to help pay for any damages suffered.  The distribution must occur before January 31, 2018.[1]

The IRS allows for several safe Harbor distributions including the following expenses:[2]  

The Seventies.

The decade of the seventies was unique.   The ‘70s brought us great music like Stairway to Heaven, Joy to the World and Hotel California.   The Beatles parted ways and Elvis left us too soon.  The Sting, Rocky and The Deerhunter each won an Oscar for best picture while Jaws kept most people out of the water.   

How to Generate More Income.

Interest rates remain stubbornly low and this is an issue for individuals looking for income.   How can you generate more income in this low interest rate environment?  

Here are three simple strategies you can employ today to help you generate more income.

An Interview with Myself.

Good afternoon and welcome to my interview with Bill Parrott, President and CEO of Parrott Wealth Management in Austin, Texas.

Bill, thank you for taking time out of your day to sit down with me and answer a few questions about your business.

My pleasure Bill.   I appreciate you reaching out to me and I look forward to our interview.

Stock Picking v. Indexing.

Individual stock picking is exciting and the thrill of selecting a winning stock is exhilarating.  Investors are constantly searching for the next big winner hoping to find another Amazon.

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