War and Peace

by Bill Parrott on
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The Ukraine war rolls on, and the Middle East battle is raging. The urge to sell your stocks may be strong, but is this the best option? We have received several client calls regarding the growing conflicts, so let's examine the previous wars to see how the S&P 500 Index fared during the dark days.

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Foundations

by Bill Parrott on
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A home built on rock can withstand many storms.

Most people agree that building a home on solid ground is wise. Today, if a home doesn't have a secure foundation, like rock, a builder can fortify it with cement, rebar, steel, or some other material to ensure it stands for generations.

Buildi...

I Hate Diversification

by Bill Parrott on
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Warren Buffett described diversification as "diworsification." He is not a fan of it and prefers to concentrate his bets on a select group of companies. I can't argue with his strategy or success. Diversification means you must constantly apologize for something.

If diversification works...

My Experience on Ski Patrol

by Bill Parrott on
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In 1989, I was on the ski patrol staff at Mammoth Mountian, but I only lasted a few weeks because I couldn't ski well, a vital skill for working on a mountain. I spent most of my days fixing fences or adjusting pads on lift towers. It was not a good career fit.

When I moved to Mammoth, I lived in...

Do You Have A Spending Problem?

by Bill Parrott on
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Are you living paycheck-to-paycheck? If so, you're not alone. According to a recent study, 65% of adults struggle to make ends meet, and 30% say they run out of money monthly.[1] The data is sobering, considering the unemployment rate is near historic lows, and assets are rising.

Does the name...

Five Percent, guaranteed!

by Bill Parrott on

The United States Treasury Bill is enjoying its fifteen minutes of fame as interest rates soar. The T-Bill currently pays more than 5.5%, so should you T-Bill and chill?

Growing up, I often went to First Interstate Bank with my mom to cash checks, make deposits, or withdraw money. Our visits were...

Twenty Years of Observations

by Bill Parrott on
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I'm celebrating my twentieth anniversary as a CERTIFIED FINANCIAL PLANNER™ Practitioner, and in honor of this milestone, I'm posting twenty observations.

  1. Successful investors have financial plans. A plan is your financial GPS that helps you achieve your stated goals.
  2. A family will or trust is...

Happy Anniversary To Me!

by Bill Parrott on

I received my CERTIFIED FINANCIAL PLANNER™ practitioner designation twenty years ago, on October 6, 2003, and what a long, strange trip it's been.  

During the Tech Wreck from 2000 to 2002, I attended a Morgan Stanley Branch Manager's conference where a speaker shared how his dad told him to...

How is your life plan?

by Bill Parrott on
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Financial planning is important, but life planning is better. A financial plan is a finite service, a one-time event. Life planning takes financial planning to a higher level. It's enduring, vibrant, and active. It's proactive. It's forever, and forever is a long time!

I've run several marathons...

Timing

by Bill Parrott on

Timing is everything.

Arcangelo won the 155th running of the Belmont Stakes with a winning time of two minutes and 29 seconds. If he raced Secretariat in the 1973 Belmont, he would've lost by 5 seconds, a wide margin.

Carl Lewis set the world record for the 100-meter dash in 1991 with a time...

The Race To Zero

by Bill Parrott on

Zero sugar. Zero emissions. Zero fees. The number zero is popular these days as people pursue more with less, and investment giants like Vanguard, Fidelity, and Schwab continually shave basis points from their expense ratios to remain uber-competitive.

The Wall Street Journal recently published...

Bonds, Baby!

by Bill Parrott on
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Is it time to buy bonds? The Federal Reserve interest rate hikes decimated bonds, wiping out years of gains, and if you own bonds, you feel the pain. Long-term government bonds lost money for five years, while stocks produced stellar profits. Over the past decade, the S&P 500 is up 221%, and bonds...