Yesterday, as often happens, a tweet went viral. Now, notably, I’m not here to talk about vesting schedules. Vesting schedules would be contrary to the title, and might be the “least sexy” thing we could possibly discuss. Suffice it to say, vesting schedules exist because employers want to incentivize employees to stay longer than minimum terms with the company. Other …
I am a fairly demanding person in my professional relationships. I expect my attorneys to be sharp, accountants to be fastidious, and so on. However, this puts me in a position to be often disappointed, and to be fair, what can I expect? The tier-one customer service agent at a big tech company can’t really be expected to be “the …
Well, it’s official: as of yesterday, March the 6th, I’m an “All But Dissertation” or “ABD” Ph.D. Candidate (as opposed to a student!) In honor of the occasion, I’m summarizing a recent piece of research that I enjoyed and talking about the issues leading into the research and the takeaways therefrom. The piece is “Off Target: On the Underperformance of …
I’m consternated. For anyone who reads my normal weekly content, this may or may not be for you. This is more of a complaint or concern than an educational piece, but it’s one I feel a need to voice. This year, “Prohibited Transaction Exemption” or “PTE 2020-02” was released, giving guidance to financial planners and advisors about how they needed …
A common question many clients have had over the years as they’ve asked us to take on managing their investments is “how do you manage my money?” Our answer to this for many years has been that we use a long-term focused strategy, accomplished through the use of low-cost passive index funds. A caution we give on a regular basis …
On New Year’s Eve we saw an enormous fire that destroyed over a thousand homes and businesses in Superior and Louisville. Concurrently, every insurance agent I know is working around the clock to process claims and get their clients taken care of in the face of such an awful catastrophe. While I can’t go back and coach anyone who suffered …
As you know, we were on hiatus for two weeks earlier this month, as I was in Manhattan, Kansas, at Kansas State University (which, for those who don’t know, is Harvard for Financial Planners). It seems only fair that with the interruption to your regularly scheduled educational content, that I should share some of the research we did while we …
Nothing quite captures the attention of the American public like being wealthy. Whether it’s celebrating or decrying billionaires for traveling to space, observing major gaps in wealth between various members of the population, and otherwise simply hanging on every word (or tweet) of the ultra-successful, nothing seems to capture our attention like people with money. Yet, research over the decades …
“The four most dangerous words in investing are ‘this time it’s different.’” Said Sir John Templeton, indicating the historical trend that investors often identify “unprecedented opportunities” to invest in, only to find that history repeats itself often when said opportunities crash or end up mediocre. After all, since the most valuable company on earth, Apple, had an initial public offering …
Financial Lessons from the Life of a Good Man My grandfather, Chester Persons, passed away on March 5th. While his passing is sad, he has left behind an incredible legacy, one part of which I want to share with you: financial lessons. While Chet didn’t die a rich man, he overcame enormous uphill battles to support his family and create …