Tag Archive for: denver post

Forecasting: An Illusion of Knowledge
Have you ever tried shaking one of those magic eight balls found in the toy aisle? You know the gist: Ask a random but important question like, “Will the Broncos win the Super Bowl this year?” Then get a generic answer like, “Ask again…

The Problem with Pessimism
With markets improving and the overall economy strengthening, why is everyone so negative about our country’s current financial state? By many measures, I believe our economy is far better than people’s sentiment toward it.
The last two…

Financial and Time Independence: What’s Your Score?
My business coach, Dan Sullivan, often speaks of freedoms. It’s his belief that entrepreneurs create and own businesses primarily for the freedom to conduct business in their own unique way. They often aren’t seeking freedom “from”…

Own or Loan? Equities vs. Bonds
With interest rates on the rise, we’ve had an uptick in people asking us about bonds and whether it makes sense to re-evaluate fixed income in a portfolio. For readers of my column, you might remember that I’m not a fan of bonds for one…

Quit Beating Yourself Up
Netflix has a new documentary chronicling the Bernie Madoff story. My wife and I aren’t the biggest TV watchers, but we started the series at the recommendation of a friend. If you haven’t heard the name, Madoff was the architect of arguably…

The Balance of Trust and Anxiety
At the time of its construction, the Brooklyn Bridge was one of the largest structures the world had ever seen. Opening in 1883 to connect Brooklyn with Manhattan, it was twice the size of any other suspension bridge. But the then-modern marvel…

Are the Markets Singing a Familiar Tune?
Just over 50 years ago on January 11, 1973, while Carly Simon was on the radio singing her new number-one hit “You’re So Vain,” the S&P 500 closed at a then all-time high of $120.20. Unbeknownst to the U.S., many things were about…

Focus on the “Personal” in Personal Finance
One of my favorite sayings is that personal finance is far more personal than it is finance. Simple math would tell you the wisest course of action is putting extra cash to work in the market, but the best advice isn’t always driven by cold hard math.

Growing Our Way Out of Inflation
With fall in full swing and snow adorning the mountain tops, I turn to a classic dish for a little winter comfort: Campbell's Tomato Soup. First introduced in 1895, the can would don its familiar red and white label in 1898 after an executive…

My Formula for Building Wealth
Warren Buffett turned 92 on August 30th. Given his investment prowess and lifelong dedication to finance, it's incredible that most of his wealth (96%) was acquired after he turned 50. He attributes his success to a simple and salient truth:…

Ready for a Recession?
Instead of suggesting the likelihood (or unlikelihood) of a recession, I'd like to offer this: If we ultimately experience a recession, consumers are in a far better position to weather the economic downturn than they have been in decades.

Improving Investor Behavior – Your Personal Economy
On August 10, the U.S. Bureau of Labor Statistics (BLS) released updated inflation numbers. While the top line number of 8.5% is still large compared with this time a year ago, the markets and some media outlets latched onto another statistic…

Improving Investor Behavior: The Strength of Endurance
My coach Dan Sullivan likes to say, "Amateurs practice until they get it right; professionals practice until they can't get it wrong." From athletics to engineering, medicine to money management, consistent practice is the secret sauce of…

Improving Investor Behavior: Mindsets During Volatile Times
If you're an investor (and I hope you are), it's probably time for a mental check-in. How are you today? How do you feel about everything going on in the world?

How Long Will a Bear Market Last?
The S&P 500 is down about 17 percent as of May 25, 2022, narrowly avoiding the traditional definition of a bear market at negative 20 percent. The NASDAQ has already fallen well into bear market territory with a loss of about 28 percent…