The Power of Dividends

by Bill Parrott on
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Dividends don't get a lot of respect, yet they have contributed to about 32% of the total return for the stock market since 1926, according to Hartford Funds.[1]

Dividends are easy to track because they show on your brokerage account statement. You can count them monthly, quarterly, or annually...

What If?

by Bill Parrott on

What if the Federal Reserve does not lower interest rates this year? What if they leave them alone? Since 1990, the Federal Reserve has tinkered with interest rates 76% of the time or 26 years out of  34 in which they took action. Sometimes, they would step on the gas and lower rates; other times...

Are You Too Frugal?

by Bill Parrott on
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The person who dies with the most toys – loses!

John Bogle, the founder of Vanguard, recently passed away with a net worth of $80 million. By Wall Street standards, $80 million is pocket change, especially for someone who founded one of the world's largest investment and asset management firms...

A Quiet Billionaire

by Bill Parrott on
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Most investors have heard of Warren Buffett and Peter Lynch, but what about Herbert Wertheim? Dr. Wertheim is worth $5 billion, according to Forbes. In a Forbes Magazine article, he credits his substantial wealth to buying and holding individual stocks forever. Dr. Wertheim said, "My goal is to buy...

Worse Than A Stock Market Correction?

by Bill Parrott on
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Investors are constantly scanning the horizon, looking for a stock market correction. While watching the front door, anticipating a stock market correction, they leave the back door wide open. Stock market crashes are painful but temporary, while a poor estate plan can cause permanent damage to your...

No. How Can I Help You?

by Bill Parrott on
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Are customers always right? In the retail sector, employees adopt a "customer is always right" approach, prioritizing saying "yes" to client requests and fulfilling their immediate desires rather than addressing their needs. Consequently, encountering a salesperson willing to say "no" to client...

Eleven Months Left

by Bill Parrott on

January has come and gone in a flash. Are your 2024 goals intact? Do you still wake up at 4:30, hit the gym, run 50 miles, take a cold plunge, eat kale, meditate for hours, document your journey, and post it to social media? Or have all your hopes, dreams, and goals already vanished? Fear not; there...

Decisions

by Bill Parrott on

According to PBS, we make about 35,000 daily decisions, such as where to eat or what to wear.[1] Greg Groeschel of the Leadership Podcast says, "Indecision is a decision." Harvard has shared insights on crafting effective decisions, highlighting eight key elements. Among these, they emphasize the...

What is Average?

by Bill Parrott on

At lunch a few weeks ago, a friend said he didn't want his son to be average. His comment struck me because all his kids do well in school and are exceptional athletes. I then spent time pondering the word – average. What is average? According to Merriam-Webster, it means a single value that...

Why You Don't Have A Financial Plan

by Bill Parrott on
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Since starting my firm, I've completed hundreds of financial plans and reviewed thousands more over my career. However, several headwinds exist for individuals to complete a financial plan. A few obstacles include costs, time, and complexity.

Let's examine a few challenges to starting and...

Are You Ready To Volunteer?

by Bill Parrott on

Several years ago, I volunteered to build a church in Onaville, Haiti. Onaville is in the middle of nowhere and looks like the moon's surface. It's a dark place. When our team started building the church, a few locals would stop by to analyze our project, but as the week progressed, the site turned...

PWM 2024 Annual Letter

by Bill Parrott on

The 2023 Bull Market

The 2023 Bull Market was the most hated in history as experts and investors watched with distrust as stocks soared to all-time highs despite numerous headwinds, like rising interest rates, high-profile bank failures, and wars in Ukraine and the Middle East. The Nasdaq jumped...