Fish On!

by Bill Parrott on

I recently returned from a fly-fishing trip with a few mighty men. It was a quick trip – one day, to be exact. We fished on private water in Colorado, and it was an epic day. We caught several fish in a pristine river under bright blue skies.

As the day progressed, we adjusted our flies under...

Mama Meme!

by Bill Parrott on

Meme stocks are soaring to the moon as diamond hand traders place concentrated bets on a handful of companies. Meme traders scour the internet looking for stocks to buy and promote to more traders. The meme stocks are rising because, well, they're rising.

My wife asked me what a meme stock was...

Black Sheep

by Bill Parrott on
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I loved Brewster's Millions starring Richard Pryor and John Candy. Richard Pryor's character had to spend $30 million in thirty days to inherit $300 million. A nice problem to have, I guess.  

Estate planning is vital, especially if you want to efficiently pass your assets to the next generation...

Do As I Say?

by Bill Parrott on

Berkshire Hathaway held their annual shareholder's meeting in Los Angeles on Saturday led by Warren Buffett and Charlie Munger. The two held court on everything from Bitcoin to taxes. At one point, Mr. Buffett mentioned the twenty largest companies in the world by market capitalization. The list...

Are You Rich?

by Bill Parrott on

Bill and Melinda Gates shocked the world by announcing their divorce after twenty-seven years of marriage. Likewise, Jeff Bezos and his ex-wife, MacKenzie Scott, divorced two years ago after a quarter of a century of marital bliss. Collectively, these four are worth $380 billion, so it's true, money...

I Want It All!

by Bill Parrott on

I'm addicted to stocks. They're shiny objects to me, and I want to own them all. I'm not impressed with cars or material things, but show me a portfolio of stocks, and I get excited.

I run several stock screens daily, looking for the next market mover, hoping to find a company that can rise 10x...

Financial Literacy

by Bill Parrott on

My wife and I were band volunteers during my daughter's high school years. One summer, my wife worked at the payments table when a student approached her about paying for his items, but he didn't know how to write a check. He never learned how to use a checkbook, and he was a senior!

Financial...

A Day At The Races

by Bill Parrott on

I spent last Sunday at the races with my mom and daughter. We had a great time despite the cold and drizzly weather. We arrived early, stayed late, and bet often.

I grew up near the Santa Anita racetrack. My high school was across the street, so I was a frequent visitor. In addition, my daughter...

The Best Investment Strategy Ever!

by Bill Parrott on

Investors want an edge, a shortcut to wealth. What strategy works best? Who has the hot hand? How can I make money? Today, there is no shortage of podcasts, videos, blogs, vlogs, newsletters, posts, or tweets offering investment guidance. A Google search for investment advice yielded about a billion...

Taxes

by Bill Parrott on

Bill Murray once said the best way to teach your kids about taxes is to eat 30% of their ice cream. Give it a try. When my daughter was young, she poured herself a glass of milk, and when she turned her back, I drank it all. She was not happy with me and still gets upset (but not really) talking...

No Fear

by Bill Parrott on

When I was in the ninth grade, I wanted to play quarterback, but I was too afraid to stand up when Coach McCarn asked for volunteers. I had a decent arm, but I lacked the courage of my convictions. It was my first year of tackle football, and I was enamored with NFL quarterbacks like Kenny Stabler...

Hannah loved visiting her grandparent's cabin in the mountains of Colorado. She especially enjoyed sitting on the river's edge listening to her Nana's stories.

"Nana," Hannah said, "Tell me the story where you beat up the stock market."

"Little Bird, I didn't beat up the market; I beat the...