Bond Math

by Bill Parrott on
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As rates rise, investors struggle to understand why bond prices are falling, especially after last year's rout in the bond market. Bonds are supposed to be stable and boring, not a volatile asset class, yet, they are complicated instruments, providing something for all investors.

The Federal...

What Is A 401(k)?

by Bill Parrott on
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Corporate retirement plans are valuable tools for employees. In addition to personal savings and Social Security, a corporate retirement plan can help you retire in style, but what the heck is a 401(k) plan?

A 401(k) plan is a savings plan offered by your employer, allowing you to contribute a...

What I Know

by Bill Parrott on
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It's the start of a new year, and investors want answers, especially regarding the stock market and the economy. They want to know how the market will perform this year or if a recession materializes. Market experts, analysts, economists, and media personalities try to predict market moves and the...

Crank Up Your 401(k)!

by Bill Parrott on
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January is an excellent time to crank up your 401(k) plan, and it probably needs a refresh after a year of losses, dividends, interest payments, and contributions. Here are a few suggestions to help you get started.

  1. Max out your contributions. The maximum amount is $22,500. If you're fifty or...

Hope Is A Strategy

by Bill Parrott on
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Hope is in short supply, and people are hurting. We're battling a global pandemic, fires, floods, racial tension, economic uncertainty, a war, and political turmoil – dark days. It's hard to imagine times getting better, but they will. Try to find the good among the bad. Mr. Rogers once said, "When...

Parrott Wealth Management Annual Letter

by Bill Parrott on
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Parrott Wealth Management Annual Letter

 

Tin Cans and Mattresses

Have you been wondering if you should have buried your money in the backyard or stuffed it under the mattress? After all, as you review the year and the performance of our recommendations, it seems evident that...

Should You Own Stocks?

by Bill Parrott on
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Owning stocks is a pain in the rear. They constantly gyrate, bobbing up and down like buoys on the ocean. It's two steps forward and one step back; they rise slowly and fall quickly. Frustrating.

Stocks dropped like stones last year, led by the Nasdaq, falling 33%. The S&P 500 and Dow Jones...

Mountain Bike Riding And Stocks

by Bill Parrott on
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I went mountain bike riding this morning with a group of guys, good guys, and I got dropped like a hot potato. I could not keep up. Their bikes were dual-suspension, and a couple rode e-bikes while mine was a lowly hard-tail, equipped only with pedal power. It was a humbling experience, but I...

Goodbye 2022

by Bill Parrott on
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Goodbye, 2022, and good riddance. Don't let the door hit you on the way out. What a brutal year for investors, as most asset classes lost money. In hindsight, I should have buried my money in the backyard or stuffed it under my mattress.

The S&P 500 is having its worst year since 2008. and long...

Seasons

by Bill Parrott on

Winter is cold, wet, and dreary. Overcast skies, low temperatures, and icy roads are the norm in parts of the world, and some people don't like this season. I get it. I lived in Connecticut for a few years after growing up in sunny Southern California. My first winter was depressing; I sometimes...

I Quit!

by Bill Parrott on
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As the end of the year approaches, you may have thoughts about quitting your job and starting fresh next year. January is ideal for changing careers, returning to school, or starting a business, and it appears several people on my LinkedIn feed have already made a change. Moving to a new company or...

Rising From The Ashes

by Bill Parrott on
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The Phoenix, a Greek mythical character, is considered an immortal bird that rises from the ashes of its predecessor.[1]  Of course, it is a myth, but the image of one rising from the ashes to get a new lease on life is powerful. We all want a second shot or do-over, especially with investing.

I...