Are You A Thousandaire?

by Bill Parrott on
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Can you retire without a million dollars in savings? Will you be forced to work forever? Is there a light at the end of the tunnel? Despite what some financial experts suggest, it's still possible to retire with less and live life on your terms.

Let's say you retired thirty years ago with assets...

Chaos

by Bill Parrott on

Yesterday was a dark day for our country. I watched in horror as an angry mob stormed the Capitol Building, besieging the capitol police. Certifying the Electoral College votes is typically a ceremonial event, administered without fanfare, but not yesterday as rioters forced Congress members to put...

Stop. Don't Move.

by Bill Parrott on

A friend of mine recently retired after thirty-seven years of working for the same employer. I saw him last week, and he was excited to explore his next chapter; though undecided as to what he will do, he has plenty of time to figure it out.

January is a popular month to change jobs. My inbox is...

Shiny Objects

by Bill Parrott on

After years of investing prudently, following his plan, and spending wisely, a young ruler was ready to retire and enjoy the fruits of his labor. He met with his trusted advisors to see if it was feasible. They affirmed his decision, and congratulated the young ruler on his accomplishment, and...

In a low-income, zero-interest rate world incorporating an option writing strategy may give your account a boost.  Writing options on stocks you own or want to own is an excellent way to increase your income without altering your asset allocation strategy or investment plan. If you own individual...

This year felt like a decade. We are twenty days from the start of a new year, and it can't get here fast enough. I'm expecting next year to be much better because it can't get much worse – right? It's been a wild ride for investors this year, but if you stayed the course, you probably made money...

A Few Books I Read

by Bill Parrott on

During the pandemic, I spent considerable time reading books. I enjoyed the list below and learned much from the authors; though not ranked in any particular order, they could be.

Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression – Christopher Knowlton

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A few individual stocks are soaring this year, like Zoom, Peleton, DraftKings, Pinterest, and Bill.com – each one up more than 225%, with Zoom leading the way, rising almost 500%, far outpacing the Dow's gain of 7.75%. It seems logical to sell boring index funds to buy high flyers; after all, who...

It's the season of Wall Street predictions, so I'm throwing my hat into the ring to offer 21 projections (guesses) for 2021. If I predict all 21 correctly, I'm sure to garner immense fame and fortune. I may even be herald as the next great futurist with book deals, movie offers, and television...

The Miser

by Bill Parrott on

The Miser is a classic Aesop Fable. It's a story about a man who buries his gold under a rock. He visits his gold stash so often that a thief follows him and steals it. The miser is distraught when he realizes it's gone, though he had no plans to use the gold to buy things. A lot of us are probably...

Diversification

by Bill Parrott on

A young ruler owned several racehorses. His stable was full of powerful thoroughbreds, but one yearling stood out from the others - a beautiful chestnut with a wide blaze. It had an easy gait and ran like the wind while galloping. The young ruler was mesmerized.

One day, while watching his young...

Price and Value

by Bill Parrott on

A young ruler had a magnificent painting hanging in the main hall above his fireplace. Guests and visitors were attracted to its beauty and assortment of colors. It was the focal point of his mansion; he admired it greatly.

While viewing his artwork, the young ruler asked his curator what he...