Who Needs Prayer?

by Bill Parrott on
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My bible study group has been meeting virtually for the past few weeks because of the Coronavirus, and last night we prayed for twenty-five people from a list (see below) that has been circulating on social media. We incorporated it into our meeting, and it was powerful.

It is a tough time for...

Seniors in high school are pouring over acceptance letters trying to decide which college to attend in the fall. It’s an exciting time for students and parents. College is a fabulous experience, full of pomp and circumstance, football games, fraternities, sororities, student government, homecomings...

We try to maintain a balanced life, eat a balanced diet, and, of course, we need balance to ride a bike. Balance is harmony. Investors should pursue balance; unfortunately, they rarely rebalance their portfolios, and they get too aggressive or too conservative at the wrong time.

Rebalancing is...

What Do You Cherish?

by Bill Parrott on
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The Coronavirus is stripping us of life, liberty, and the pursuit of happiness. We have been knocked to our knees, delivered a standing eight count. It’s a challenging time for all, regardless of age, race, or wealth. Difficult times do not discriminate.

During this lockdown, what has been...

Grandma B

by Bill Parrott on
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My Grandma B was born in 1900. In Iowa. She dressed to the nines and did not appear to have a care in the world. She loved playing the piano, singing songs, and visiting with her family. Her sources of income were modest, relying on Social Security and rental income from a building that housed a...

Desperate times call for drastic measures. As the Coronavirus shuts down the planet, you may be looking for ways to save a few extra dollars. Now is an excellent time to review your spending habits and create a budget. However, creating a budget is about as fun as getting your wisdom teeth pulled...

The Coronavirus is spreading. Countries and cities are in lockdown. Our government and businesses are encouraging their employees to work from home, and senior citizens are advised not to leave their houses. It’s a dark and dire time for the global community, so how can you make the best of a bad...

Can You Afford a 50% Loss?

by Bill Parrott on
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Global stock markets are selling off, oil is crashing, and the Coronavirus is spreading. Year-to-date, the Dow Jones is down about 15%, and things can get worse before they get better.

No one wants to experience a significant drop in stocks, but they do occur. Over the past fifty years, there...

A Day in the Life of a Market Correction

by Bill Parrott on

Global stocks continue to fall, and each morning I wake up to check to see what the markets have in store for the day. I look at my phone (AAPL, T) to view the latest news. I turn on my TV (SNE, TWX) to watch CNBC (CMCSA).  While watching CNBC (CMCSA), I scan my email accounts (GOOG, MSFT, WORK). ...

Too Late to Sell?

by Bill Parrott on
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The Dow Jones is down 18.8% for the year, so is it too late to sell? Investors have sold $34 billion in equity mutual funds and $17 billion in bond funds as they seek safety from the rout in global assets.[1] The news is ominous, and the headlines are bleak. Investors are voting with their dollars...

There Will be Blood!

by Bill Parrott on

There Will be Blood, a 2007 movie starring Daniel Day-Lewis, is based on Upton Sinclair’s book Oil!, published in 1927. Mr. Sinclair’s novel dealt with the struggle of greed and fear that many faced in the early days of the oil industry in Southern California. If Mr. Sinclair were writing his book...

I received a text from a young man who wanted help with his investments. Jackson is in his early twenties, married, and a business owner. New to investing, he asked several great questions. He is excited to start generating his wealth, despite the current economic environment.

Jackson is a man...