Murder mystery dinners are popular. At these dinners’ guests try to guess who committed the crime based on a series of clues. Guests are also part of the show and may be prime suspects. You might have attended one of these events in the past, but have you ever been to a financial mystery dinner?
A client called recently to let me know he was going to make a major purchase. He wanted to know if his purchase was going to affect his investments. After a few clicks through his financial plan, we determined he could make the purchase and it would not have an impact on his long-term goals. He made the purchase.
Growing up in Southern California I went to Disneyland often. In the ‘70s they issued tickets rather than an all-inclusive pass. Their ticket system used letters – A through E, with an E Ticket being the most coveted. They were the most popular and exciting rides like the Matterhorn or Space Mountain. The ticket book consisted mostly of A tickets with a couple of E tickets.
The graduating class of Morehouse College received an unexpected gift from their commencement speaker. Mr. Robert F. Smith offered to forgive all the student loans for the class of 2019. Mr. Smith is a billionaire, philanthropist, investor, and fellow Austinite who announced his generous offer to the students this past Sunday. He said, “My family is going to create a grant to eliminate your student loans!”
The S&P 500 rose 13% in the first quarter. Are you satisfied or frustrated if your investment portfolio “only” made 12%?
During the quarterly review season investors want to know how well their accounts performed. Did they make money? Did they outperform the market? Will the trend continue? These are common, and logical, questions investors ask their advisors – but are they the right ones to ask?
A high-profile financial battle is brewing over coffee. Suze Orman has said that a daily coffee habit can cost you $1 million. Her comments were called into question by Ben Carlson, blogger at “A Wealth of Common Sense.” He said, “This advice sounds good because the latte factor is catchy but it’s not useful advice.”
I recently took an overnight canoe trip with some mighty men from my church - a diverse group of weekend warriors brought together for adventure and fellowship.
We paddled down the Colorado River. The river was running faster than normal due to the rain we received in Austin, so it produced some exciting moments. One team tried to row under some low hanging branches. It didn’t go well, and they were both thrown from their canoe. One individual floated down the river for about a mile or two before we reached our lunch spot and he could rejoin his canoe and partner.