Increasing our savings and making good investments helps us increase our wealth. While this is true, we also become wealthy from a sudden cash lump sum. This usually occurs 1 of 3 ways: 1) Selling a Business At some point, entrepreneurs sell their business (hopefully for a large amount)....
Read PostRe-affirming Our Investment Management Approach
2020 has been a year of wild volatility. The market is up on recent news of COVID-19 vaccines, but we remain cautious for 2021 as many risks still pose a threat to the markets. Global economies are tight-rope walking to recovery and industry earnings growth is still minuscule for many. While it...
Read PostAnnual Investment Audit 2020
Our annual investment audit 2020 is here! Investing in 2020 was about being resilient, resisting the urge to sell, looking for opportunities, and rebalancing after things have calmed down. We believe that 2021 will be about going global as sectors and markets affected by lockdowns start to...
Read Post6 Overlooked Habits to Increase Your Wealth
Our job is to advise on the creation and maintenance of people’s wealth. As a result, we have spent countless hours studying high net worth (HNW) individuals. From our experience, we have found the wealthiest individuals to display 6 common habits. 1. They Make Money in Their Sleep As kids,...
Read PostRetirement Mistake No.9: Letting Emotion Drive Your Investment Decision
Testing Your Emotions It is a well-known fact that 80% of professional money managers underperform their relevant indexes. Even worse, a large percentage of investors lose money even when investing in mutual funds that out-perform their relevant indexes. Between 1980 and 1992 the most successful...
Read PostKey Investment Idea: What, When, How?
What, When, How? These are the three questions that every advisor and every investor will have to consider at any given time. Of the three, the most difficult is “When?” In other words, do we buy at today’s prices? Do we wait a month? Do we buy when the stock market reaches a certain...
Read PostHow to Capitalize on Today’s Markets
The worst single-day decline since 1987. The worst week since the financial crisis. After 132 months, COVID-19 has ended the longest bull market run in history. Does this mean the good times are over? History would say no. Rather, in every market correction since the 1950s, the S&Ps...
Read PostThe Entrepreneur’s Guide To Investment Life Insurance
Purchasing investment life insurance is a great way to invest in your future. At the bare minimum, it will allow you to provide for your family in the case of your death. It can also help you diversify your investment portfolio while increasing your asset holdings and minimizing tax...
Read PostWhy I Invested in Life Insurance and How to Use It
Clients often ask me if I have life insurance. When you look at life insurance as an asset class (not just a death benefit) and consider the tax and investments benefits, it’s a financial tool I strongly believe in, which is why I invest $42,000 in annual premiums into whole-life insurance, which...
Read PostRetirement Myths Debunked (Part II)
Myth #6 - You need that initial level of retirement income, indexed for the rest of your life. I’m sure you can come up with a list of things that don’t fit the “set it and forget it” philosophy. Set the cruise control and forget it. Set the room temperature and forget it. Invest in a...
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