Regardless of how many zeros are in a paycheck, people typically spend what they make and then some.   The path to financial ruin is paved with good intentions.  The items listed here are all within your control like spending and savings. 

Here are the five best ways to run out of money.

No budget...

The June Gloom.

by Bill Parrott on

During the month of June, the beaches of Southern California are usually covered with a marine layer until mid-morning.   From the pier in Huntington Beach to the jetty in Mission Beach this haze hangs around until the sun powers through the clouds and exposes the beach goers to the glory of all...

Rates are rising! Buy bonds?

by Bill Parrott on

The Federal Reserve raised interest rates in December and they might do it again in 2016.  When interest rates rise bond prices fall.   The relationship is like a see-saw in a park when one side is up the other side is down.  If interest rates are going to rise, why would you want to buy bonds? 

It...

The Graduate.

by Bill Parrott on

It’s an exciting time to be a college graduate.  After years of tests and toils you’re now ready to apply what you’ve learned in the classroom and take it to the streets.      

Here are a few thoughts to help guide you in your journey.

Think big.   Somebody, somewhere, somehow is going to change...

Are Forest Fires Good?

by Bill Parrott on

The Yellowstone National Park fire of 1988 was one of the largest in U.S. history.   It burned over 1 million acres.  On “Black Saturday”, the worst day of the fire, it consumed over 150,000 acres.[1]   

This fire was devastating in terms of acreage burned and animals lost, but it also was a re...

Bend, Oregon.

by Bill Parrott on

Bend, Oregon is a sportsman’s paradise.   Bend is located in Central Oregon and is home to the Deschutes River and Mount Bachelor.   It’s a great place for hiking, biking, climbing, skiing and fishing.  And after a long day of doing your thing you can enjoy a burger and beer at the Deschutes Brewery...

The Old Man and the Sea.

by Bill Parrott on

The Old Man and the Sea is one of Hemmingway’s best novels.  Santiago, the main character in the novel, is an aging fisherman who has gone for a long stretch without catching any fish.   It had been over eighty days since he was able to land a fish so he decided to try his luck far from the shores...

In 1990 I joined the investment firm of Dean Witter Reynolds, Inc.  One of my first encounters was with a veteran broker who told me the market was overvalued and silver was about to take off.  His office was impressive with charts and graphs adorning his walls.   He referred to the charts on the...

Hey! Teacher!

by Bill Parrott on
Categories

The cost of attending college keeps rising.  The tuition inflation rate runs around 4% to 6% per year.[1]   What is the current annual cost of college?  At a private university expect to pay $42,224 while a public college will set you back $21,447.[2]

What are your options for sending little Johnny...

Sell in May and Go Away?

by Bill Parrott on

Sell in May and go away?  Catchy tune.  Should you pay attention to this Wall Street “strategy”?  Does it make sense to take six months off every year from your investment strategy? 

A 35-year history of the Vanguard S&P 500 Index fund shows some interesting results.  An investment on May 1, 1981...

What Now Steph Curry?

by Bill Parrott on

One of the splash brothers is down!  It’s heartbreaking to think Steph Curry might miss the rest of the playoffs after his incredible, record setting season.  So, too, for the Golden State Warriors who set an NBA record for 73 wins.   The Warriors were destined to win another NBA title before Mr...

This past weekend my wife and I tried to eat dinner at two restaurants on Lake Travis.  Each restaurant has an amazing view of the lake.  The first restaurant is new to the area.  We couldn’t find a parking space after a few loops through the lot so we left and tried the second restaurant.  The...