I can’t see around corners and I can’t predict the future. But I like to look at data (for context and perspective) to make good forward-looking decisions. Because investing, just like driving a car, is a forward looking endeavor. We can’t do either one (successfully) by only looking in the rearview mirror. So what does a Big Day like today tell us?
Some financial advisors are real "knuckleheads." I'm sorry to say it... but it's true... and you need to beware. (For the record: I love my profession. My gripe is about the industry). Before you hire an Advisor, take their advice, or put your financial well being into someone's hands, ask them these questions...
John Templeton coined a pattern that became known as the Templeton Curve. Having gone through four market cycles myself, I see the Templeton Curve at work today. Which means it's time for a "gut check"...
"Everyone has a plan, until they get punched in the mouth." This phrase stuck with me. Do plans not matter? Or are plans useless when they don't go according to plan? Having spent 20 years in the Planning space, here's where I landed.
A while ago, I had a conversation with a friend about our respective businesses and the changes we made due to Covid. When I told him that our investment managers moved away from investing in funds to investing in individual stocks, He said... “That sounds really risky! What’s going to happen when the market crashes?"
Some of the biggest upsets happen when our expectations are out of alignment with reality. This is why it's so important to check in with ourselves and recalibrate our expectations when things go sideways.
The last two weeks brought a lot of new information for us to digest. Does this mean we can march confidently into the next growth cycle? It’s too soon to tell for certain. A lot can still change. I encourage you to think about three questions before making any big decisions.
I constantly ask our kids to “Focus” because they dart from one thing to another. Never sticking to any one thing long enough. It’s dizzying ... And probably a bad habit as they get older.
Last week we went on an RV Trip with our kids We traveled with another family (our long time friends) During a fireside chat we talked about Intermittent Fasting I shared how Intermittent Fasting has become a part of our daily routine … And how good we felt as a result
Does planning really matter? Is it worth the time and effort? These are the biggest questions I get b/c everyone knows that virtually nothing ever goes according to PLAN. So why Plan? Here's where I landed ....
Making payroll is one of the biggest worries business owners have. It's a big financial and moral responsibility that can keep a business owner awake at night. Especially at a time like this when business activity is slowing and disappearing altogether. If you're worried about maintaining your payroll, Sean Gentry of AdAstra Law talks about navigating EDD Benefits, SBA Loans, and Employee Furloughs to make it through a difficult economic time.
Schools Close, California governor issues a Shelter In Place order, Stocks enter the Bear Market, Businesses are closing doors. This was just the last 72 hours....So what do we do, where do we turn, what's going to happen?????? Hey everyone, this is Roman sharing our thoughts and feelings about the impact of Covid-19 on our lives, our businesses, and our personal finances. We're fully operational, observing, researching, adjusting and managing your financial affairs without skipping a beat. Wishing you well!