Running a marathon with 30 or 40 thousand runners is chaotic – especially the start. When the gun goes off the crowd surges forward, so you better be ready to run or you’re going to get steam rolled. It’s pure emotion and adrenaline.

The first few miles are crazy as runners try to find a little...

The stock market has been less than kind to investors these past few weeks. The Dow Jones has dropped 3.75% and the Nasdaq has fallen about 7%. Investors have reacted negatively to rising interest rates, mid-term elections, and a trade war.

When it comes to reaching your long-term financial goals,...

Several years ago, I met with a client who was retiring from his long-time employer. He wanted to purchase a basket of stocks for growth and income. We discussed mutual funds as an alternative to owning numerous stock positions. He wasn’t aware that mutual funds could own stocks. I informed him that...

Nebraska Football has a storied history. It’s regarded as one of the best football programs of all time. Since 1890 they’ve won 893 games, more than all but four schools, and claimed five National Championships: 1970, 1971, 1994, 1995, and 1997. Three of their players have won the Heisman Trophy:...

Timeframes

by Bill Parrott on

When my daughter was young we read The Monster at the End of This Book starring Grover from Sesame Street. He’s convinced there’s a monster lurking at the end of the story. He’s so sure of this that he pleads with the reader to not turn the pages. When the pages are turned he panics and freaks out,...

Did You Die Today?

by Bill Parrott on

Few people like to ponder their mortality, but what if you didn’t make it home from work today? Is your estate set up to handle your passing? Is your family? If they walked into your home, would they be able to find your important documents? What would you leave behind? What are your final wishes? A...

Weeds

by Bill Parrott on

This past weekend my church participated in a serving project at a local elementary school. The school has a garden they use to teach their students about nature. It has vegetables, fruits, and a natural habitat with native Texas plants and trees.

When we arrived at the school it looked like the...

Diversification or concentration? To create wealth, concentrate; To preserve it, diversify. A concentrated portfolio can produce huge gains, if you own the right stocks. Of course, if you own the wrong ones, your wealth will be wiped out. Buying the right sector, at the right time, at the right...

Foundations

by Bill Parrott on

A home built on rock can withstand countless storms.

Most people, I think, would agree building a home on solid ground makes sense. Today, if a home doesn’t have a solid foundation, like rock, a builder will fortify it with cement, rebar, steel, or some other material to make sure it stood for...

In Shawshank Redemption, Andy Dufresne was sentenced to life in prison for a murder he didn’t commit. He declared his innocence and spent hours digging a hole in his cell wall, so he could eventually escape. On a stormy night he finally escaped through the tunnel he dug to enjoy a life of freedom on...