Ready To Launch

by Bill Parrott on

My daughter starts her job in a few weeks, and we are helping her set up her apartment. After years of schooling, she is ready to begin her career, and assisting a child in launching her career takes years of planning and patience. It's bittersweet because she is leaving the nest to create a new...

Time To Buy?

by Bill Parrott on

The Nasdaq soared more than 12% in July, its best monthly return since 2020. Small-cap stocks, international holdings, and bonds also participated in the broad-based rally, providing some relief to weary investors. The markets are trying to recover from rising interest rates and persistent inflation...

Take A Flyer?

by Bill Parrott on

Mark Cuban invested $20 million into 85 companies on Shark Tank. Mr. Cuban recently tweeted, "On a cash basis, I'm down on my Shark Tank Investments."[1] He joined the show in 2011, and if he had invested in the Vanguard S&P 500 Index Fund instead, he could have made 214%! However, that's not the...

Invest Overseas?

by Bill Parrott on

A few years ago, my family spent three weeks traveling around Europe. We trekked from Edinburgh to Rome, with several stops in between. We saw amazing and sobering sites, including Edinburgh Castle, the Tower of London, Dachau, the Eifel Tower, The Louvre, the Sistine Chapel, the Last Supper...

Shocked

by Bill Parrott on

My former Jeep needed an engine repair that cost more than $6,000 to fix! It was a budget buster and a shock to my financial system. Thankfully, my emergency fund kept me from selling assets or using my credit card. Have you experienced an unexpected financial shock like a medical expense, a new...

An Investment Black Hole

by Bill Parrott on

The James Webb telescope recently sent stunning pictures of our, or someone's, galaxy. They were the first photos viewable to the public, and according to Al Jazeera, "The dawn of a new era in astronomy." The telescope opens a new vista for professional and amateur astrologists alike. In addition to...

Next Week

by Bill Parrott on

Stocks are getting crushed, and investors want to know when they will recover. The S&P 500 is down 20% so far as investors react to rising interest rates, inflation, and war in Ukraine. Since 2000, there have been five bear markets with an average decline of 36% and a duration of 192 days.[1] When...

Better Than Bonds?

by Bill Parrott on

Bonds are having a horrendous year, down double-digits as interest rates continue to climb. The onslaught could continue as the Federal Reserve battles inflation because one of the only tools they have left is to raise interest rates.

Rising interest rates are both good and bad. During COVID...

Time To Buy Annuities?

by Bill Parrott on
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The stock market continues to swing violently. Despite last week's surge, the S&P 500 is still down 18% for the year, and investors remain nervous. The US Index of Consumer Sentiment recently touched 50, a 72-year low. What should you do?

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Investors sell stocks and park their money in a money...

Buy, Buy or Bye, Bye?

by Bill Parrott on

My wife is an extraordinary shopper. She can hunt bargains with the best of them, whether at a grocery or clothing store. If there is a discount to be found, she'll find it. She is also patient and willing to buy straw hats in the winter.

An ideal time to buy stocks is when they are on sale...

Pay Me Now or Pay Me Later

by Bill Parrott on
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FRAM oil filter ran a series of commercials in the 1970s and 1980s with the tag line, "Pay me now, or pay me later." The message was clear. You could spend a few dollars today to change your oil filter or put it off and pay thousands to repair your engine. Small actions today can have significant...

It's An Emergency!

by Bill Parrott on
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Dave Ramsey takes a lot of heat from financial professionals, but his seven steps have helped millions of people pursue a better life. I don't agree with his entire philosophy, but establishing an emergency fund,  paying off debt, and saving for retirement are tenants that make sound financial sense...