Baby Boomers will transfer trillions of dollars to Gen X, Millennials, Gen Z, and AI Babies over the next several years. According to several reports, the range is estimated to fall between $30 trillion and $75 trillion and is considered the most significant wealth transfer in history. However, I've...
Vanguard's Balanced Index fund is a solid performer, averaging 8% annually for three decades. The fund is a mixture of stocks and bonds, a standard 60/40 asset allocation. However, your individual returns will vary greatly depending on your market timing skills.
February 18, 2020
Concerns...
Drivers, start your engines!
This year marks the 107th running of the Indianapolis 500 – "The Greatest Spectacle in Racing." Drivers will travel over 225 miles per hour to pursue auto racing's most iconic trophy. Ray Harroun, the 1911 winner, averaged about 75 miles per hour, slower than you...
John Wooden is the greatest college basketball coach of all time, winning ten NCAA championships as the head coach of the UCLA Bruins. The Wizard of Westwood paid attention to small details, especially socks and shoes.
Each season, Coach Wooden instructed his players on how to correctly put on...
Bonds don't get much love, especially after last year's rout, but they are vital to your investment success. Here are four investment strategies.
Retirement
Bill Bernstein, author and investment professional, has said, "If you've won the game, stop playing." Mr. Bernstein allocates twenty...
Yesterday, I gave my baseball mitt to a young boy in my neighborhood. He’s about five years old and loves baseball. I bought my glove over forty years ago, and it’s still in great shape. It treated me well over the years playing in various leagues. It was at my side while pitching, playing the...
I asked ChatGPT about the best Medicare benefits, and it gave me the response below.
As an AI language model, I cannot offer an opinion on the best Medicare benefits as the selection may vary depending on the individual’s health needs and personal preferences. However, I can provide you with an...
Timing the market can improve your odds of investment success, but it is impossible to do. Since 1998, the S&P 500 has produced an average annual return of 7.6%, but if you missed the best thirty days in the market, your yearly return dropped to 0.28%![1] The best days in the market usually follow...
Sherpas are well-known for guiding climbers to the summit of Mt. Everest. The Sherpas are a Tibetan ethnic group whose name is now synonymous with climbing. The most famous Sherpa is Tenzing Norgay, who helped Sir Edmund Hillary summit Mt. Everest on May 29, 1953.
Sherpas are invaluable to...
October marks my twentieth anniversary as a Certified Financial Planner Practitioner™, and I've worked on thousands of financial plans and reviewed many more. I've concluded there are no good or bad plans, only your plan, because it's unique, and its success depends on your goals – no one else! But...
Over the years, my family and I vacationed at Wind River Ranch - a Christian dude ranch in Estes Park, Colorado. Wind River Ranch rests in a valley between Longs Peak and Twin Sisters, a magical place. I rode horses, hiked, and fished while acting like a cowboy. Giddy up!
While riding horses in...
