Investment Guy

Michael Vick just got a second chance to play in the NFL.  As a dog owner I am disgusted, and as an Eagles fan I am embarassed.  It’s not because I don’t believe in second chances…Vick did his time, and he is out of prison.  He is a free man- free to get a job, enjoy the outdoors, and even work for the humane society to do all the good he can.  However, to be working in the NFL again with a $million+ contract seems like a lot more than a second chance.  To me it seems like he is right back where he was before prison, albeit out a few million dollars.  Both the Eagles’ and Vick’s crisis management team can spin it all they want, to me it is wrong, and all the talking points I’ve heard sound a little too much like talking points.   

But the idea of a second chance is something we have been talking about with our clients a lot lately.  The markets devastated many account values.  If you truly wish that you had sold everything well before the market bottomed, well, now the markets are up some 50% from their lows.  Here is your second chance. 

This is not recommendation to sell everything- I want to be clear.  This is Read more…

I work with people every day, guiding them to retirement.  I am always impressed by my clients who are the ‘millionaire next door’; those who have diligently saved and amassed their fortune quietly- and you would never expect them to be millionaires.  They have successfully saved for retirement by living within their means, and put away money consistently over their entire career. 

Yesterday’s generation had pensions.  Today, some of the baby boomers have pensions; some boomers have 401(k)’s, a few even have both.  Add social security into the equation and retirees can generally live comfortably. 

Generation-Y is in some serious trouble, however.  I’m 31 years old (Gen-X border), and it seems like everyone in my generation Read more…