Concentrate Your Bets!

by Bill Parrott on

Do you know Theodore Johnson? He worked for UPS and never earned more than $14,000 per year, but he was worth more than $70 million when he passed! He invested consistently in UPS stock and rarely sold. In addition to his UPS stock, he retired in 1952 with $700,000 in savings.[1] He put all his...

The market dropped last week because the Federal Reserve hinted they may raise interest rates in 2023, two years from now.  The Dow Jones fell about 3% as the topic of rising interest rates covered the airwaves.  The Federal Reserve also published their dot plot chart, a chart of where their members...

Giving It Away

by Bill Parrott on

My family donates money through tithes and offerings, so I incorporated the practice into my business model when I started my investment firm. Giving is not a budget item because contributions come from the top - 10% of our firm revenue. At the end of each quarter, my wife and I sit down to pray...

Inflation?

by Bill Parrott on

Chipotle announced they're increasing menu prices by 4% because of rising wages.[1] Likewise, Campbell's Soup is raising prices this summer due to higher costs.[2] According to AAA, gas prices at the pump have increased 48%. The price of lumber jumped more than 32% in the past year. And there is...

A Balancing Act

by Bill Parrott on

The Wall Street Journal recently published a good article about rebalancing your investment portfolio. (Portfolio Rebalancing Is A Good Retirement Habit, June 4, 2021).  Rebalancing is a simple yet powerful strategy for managing your accounts, whether you're retired or not. Additionally, it's a risk...

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...