Blog
Celebrating Brilliant Minds this Labor Day
Labor Day is approaching, and while it is a well-deserved day off to reward the hard work we all do, perhaps we should reconsider why it is "Labor" Day. A recent article I read in Capitalism Magazine brings forth this idea and...
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The Nature of True Wealth Management
Aristotle’s Law of Identity tells us that everything is defined by its attributes, meaning its nature. Whether something is an object, action, or concept, it has an identity. It exists, a rose petal cannot be a silicon wafer,...
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4 Essential Small Business Financial Decisions
Running a small business requires wearing a lot of different hats. While you are juggling the many facets of your company, your business financial planning may have been put on the back burner. Taking time to address four key areas...
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Does a lump sum pension payment option make sense?
This may be a valuable option if you are invested in a state pension plan! Some retirees are looking for more flexibility and freedom in their retirement by taking out a portion of their pension funds as soon as they enter retirement....
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Which economic outlook should i listen to?
How to dissect economic outlooks… When you hear or read an economic outlook, what you’re really being told is either what happened in the past or a guess about what might happen in the future. In fact, every economic...
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Investment Strategy Done Objectively
The 1980 US Olympic Committee expected coach Herb Brooks to select players based on the traditional methods. Their plan was to invite a large group of the best college hockey talent in America, according to committee consensus, to a...
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Putting Emotion Back into the Investment Decision
According to the Corporate Finance Institute, Behavioral Finance Theory is based on the premise that individual investors commit errors of knowledge, make emotional decisions, and are influenced by social pressure. They also claim that...
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Of Black Swans and Contingency Plans
An internet search for April 17, 2007 at onthisday.com reveals that nothing happened. Certainly, nothing as significant as a Black Swan event. Or did it? A Black Swan is an impossible to predict event that had a massive impact....
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The Uncommon Wisdom of Funding Status
The common wisdom among many traditional money managers is that ‘beating the market’ will improve the lives of individual investors. In addition, their common wisdom is that alternative asset classes, active management,...
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Living with Confidence and Purpose
Any long-term goal must be based on a solid premise. For True Wealth Management, the goal is for investors to live the one life they have with confidence. Its premise is a seemingly obvious metaphysical fact – the only thing that...
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Investment Performance Is Dollars of Future Wealth
The Law of Causality is the Law of Identity in action. If an investor’s primary investment objective is to live the one life they have with confidence, investment success or failure must be measured by looking into the future,...
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Discovering Unnecessary Investment Risk
In the Nature of True Wealth Management essay, we identified three of its attributes: Living Our Lives with Confidence, Dollars of Future Wealth, and Avoiding Unnecessary Risk. Before discussing the latter, it helps to identify some...
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IRS Announces Inflation Adjustments for 2021
On October 26, 2020, the Internal Revenue Service (IRS) announced the annual inflation adjustments for the 2021 tax year. The full list of adjustments is contained in Revenue Procedure 2020-45; however, the IRS has highlighted the...
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