Spend It Like Beckham

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.

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E Ticket

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.

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Morehouse College

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!”

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Latte Wars

A high-profile financial battle is brewing over coffee. Suze Orman has said that a daily coffee habit can cost you $1 million.[1] 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.”[2]

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My Canoe Trip

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.

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The Masters

Tiger Woods roared to life by winning the 2019 Masters – his fifth green jacket.  He last won at Augusta in 2005 and it’s his first major win in 11 years. Athletically, his win marks one of the greatest comebacks in all of sports.

His trials and tribulations are well documented, and few people gave him much of a chance of returning to glory. After his fall from grace, experts weighed in on his golfing future:

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Stocks & Yogurt

Consumers are stressed out over yogurt.

The Wall Street Journal recently published an article about declining yogurt sales - Yogurt Sales Sour as Options Proliferate. The main theme of the article is that consumers have too many choices.

According to the article “the average U.S. Supermarket carries 306 different yogurt varieties”[1] and the consumer is overwhelmed. The article added: “Some consumers say all that choice is giving them yogurt fatigue.”

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What’s Your Fee Schedule?

Good morning and welcome to the first annual financial planning and investment management fee summit. My name is Nate Narrator and today we’ll talk to a panel of financial advisors, planners and brokers to discuss their fee schedules and how they charge clients.

Our distinguished panel includes the following individuals: Andy AUM, Rebecca Retainer, Hank Hourly, Cindy Commission, Frank Flat Fee, and Patty Planner.

Let’s meet the panel.

Andy AUM. Andy charges an asset under management fee of 1%.

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