Do you know how to get rich? Is rich the same thing as wealth? Discover the answers with Andrew Rosen of Diversified Lifelong Advisors.
How to Invest
Non-retirement investing: for kids, parents, life goals that are more sort-term oriented like second house, yacht…
Learn the difference between investing and speculating with Andrew Rosen of Diversified Lifelong Advisors in this video blog.
What’s the difference between investing and speculating? Learn the nuances with Andrew Rosen of Diversified Lifelong Advisors.
Nowadays, this question comes up frequently and, quite frankly, I get it. The markets are at all-time highs after being decimated last year during the height of the pandemic. Businesses are still closed, and although things are trending up, it certainly doesn’t “feel” like it should be the all-time highs in the stock market.
Due to election jitters, I’ve been getting this question a lot more these days, and more people are asking about commodity investing (i.e. precious metals, oil, etc.). Any time people get nervous, this question comes up, as people perceive investing in these types of commodities will lessen their risk during volatile times.
Speaking of kids, here’s a funny anecdote that happened to me the other day. My middle child, Belly, is a free-spirited six-year-old who hates wearing clothes. Now, she’s starting kindergarten remotely through zoom, so naturally she has to wear clothing. The other day she puts on a nice shirt, but she’s still in her underwear. “No one can see it,” she said. I couldn’t help but laugh. This is literally everyone’s dream at some point—showing up to school to realize you’re in your underwear.
The number one, two, and three rules in my business are: don’t talk politics. I can insult your spouse, religion, children, or even Tom Hanks and Sandra Bullock, but don’t insult your political view. And let me tell you something, it’s true as the day is long. If you want to survive in my business, DON’T TALK POLITICS!
The US stock market, measured by the S&P 500, has hit an all-time high! Let me repeat that for dramatic affect. In the face of a pandemic and record unemployment, the markets have had a historic recovery from a historic downturn. Now, we can all sit here and question the reasons, or lack of reasons, why it has done so. However, for this article I’d like to focus on the lessons learned (or those that need to be reinforced).
One of Diversified, LLC’s specialties is working with executives at many different fortune 500 companies. Many of them receive a fair amount of their compensation in the form of stock options and restricted stock units. These can be fantastic little perks, but are often a large portion of executive compensation. While the stock market was on a record run up the last decade, these stock compensation vehicles have created a lot of wealth for our clients.
For the more thought-provoking topic I’ve been thinking about these days: have the fundamental rules of financial planning changed? I’m specifically referring to how we approach emergency savings. What do I mean? Well, glad you asked.