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The World in 2025

Posted by on Jun 26, 2015 in Faith in the Future, Serious Money Talks | 0 comments

Last month I shared an email from Peter Diamandis, author of the best-selling book, Abundance: The Future Is Better Than You Think, describing the amazing advances that have occurred in our world during the past 10 years. How about a look forward to the next 10 years. What might the world look like in the year 2025, living in accordance with Moore’s Law (which postulates that computer microchips double in size and power every 18 months)? Again, here is the perspective of Peter Diamandis: A $1000 Human Brain $1000 computers able to perform...

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Ten Years Ago v. Today

Posted by on May 18, 2015 in Faith in the Future, Serious Money Talks | 0 comments

For over a year now, I’ve discussed the amazing times we are living in as the digital age transforms so much of our daily lives. Peter Diamandis, author of the best-selling book, Abundance: The Future Is Better Than You Think, is the expert who monitors and participates in this digital transformation. Periodically, Peter sends me emails detailing his views about the changes we are experiencing and will be experiencing. A recent email provided a comparison between 2005, just ten years ago, and today in 2015.  In case you were not convinced...

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The Platform of Confidence

Posted by on Apr 15, 2015 in Faith in the Future, Investment Principles, LifeBoat Drills, Serious Money Talks | 0 comments

We often talk about the Platform of Confidence that we try to construct for our clients at The Planner’ Edge.  By way of review for some readers and a fresh explanation for others, I am going to provide an overview of the elements that (hopefully) comprise your personal Platform of Confidence. Three Fundamental Conditions Let’s begin with an understanding that building and maintaining confidence about your financial affairs is difficult because (among other reasons) we all face three fundamental conditions in our daily lives: Life is...

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Oil: Supply and Demand 101

Posted by on Jan 20, 2015 in Investment Principles, Serious Money Talks | 0 comments

Courtesy of my long-time mentor, Nick Murray, I received a refresher course in the most basic of economic subjects: supply and demand. What made the topic interesting was its focus on oil and gas prices, whose recent decline has allowed us all to keep more money in our pocket when visiting the gas pump. It was just this past June that oil prices were over $100 per barrel and gas was $4.00 per gallon. As I write this, oil is below $50 per barrel and gas is approaching $2.00 per gallon (and below $2.00 is some locations). You may remember that...

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The Bigger Picture

Posted by on Dec 21, 2014 in Faith in the Future, Serious Money Talks | 0 comments

“The business of journalism is to sell news everyday even when there is no news of consequence.” Nick Murray, 1993 It is very easy (in fact, too easy) to fall into the trap of thinking that what we hear on the news is the only news that really matters to our lives or our investments, or that the latest government policy is what really matters to our lives and our investments. But is the daily news or the latest government policy really the big picture, or is there something bigger out there? In past newsletters and in many client...

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Lifeboat Drill

Posted by on Dec 21, 2014 in LifeBoat Drills, Serious Money Talks | 0 comments

Lifeboat Drill

“I must state at the outset that I have no idea when the next correction will occur. This piece does not constitute a prediction that the current uptrend is about to end—only that will end. Jeffrey Ross, Serious Money Talks, December 2013 Our December 2013 newsletter raised the topic of Lifeboat Drills, a discussion to help prepare us for the next inevitable correction in the markets. As my quote above from that newsletter indicated, I wasn’t predicting a correction, but little did I know how soon the Drill would be put to the test. In...

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After Digitization

Posted by on Dec 21, 2014 in Faith in the Future, Serious Money Talks | 0 comments

After Digitization

A couple of months ago I wrote about digitization, the process of converting something into binary code that can be read by a machine. This process is happening everywhere and to virtually everything. It cannot be stopped or avoided. Anything that can be digitized will be digitized. So what happens after something is digitized? What happens next is a growth process that travels along an exponential curve with zero additional cost per unit (think Craigslist). This is in contrast to the growth pattern of non-digitized things, which is linear...

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“Bonus” Points with Institutional Shares

Posted by on Dec 21, 2014 in Investment Principles, Serious Money Talks | 0 comments

“Bonus” Points with Institutional Shares

As we approach the third anniversary of our firm’s transition to a fee-only Registered Investment Adviser, investment accounts are beginning to accumulate what I think of as bonus points. These bonus points derive from using the institutional-class shares we now recommend instead of the retail-class shares we used to recommend. By way of background, remember that when we transitioned accounts to TD Ameritrade we also converted the mutual funds that clients owned from either A-shares or C-shares to institutional shares. The primary benefit of...

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The Retirement Trick

Posted by on Dec 21, 2014 in Retirement Trick, Serious Money Talks | 0 comments

The Retirement Trick

I came across new data about our changing work and retirement habits, showing that in the two decades between 1990 and 2010, older Americans have increasingly continued working. The percentage of 65-69 year-olds in the labor force has increased from 21% to 31.5%. The percentage of 70-74 year-olds has increased from 11.3% to 18%. Even the percentage of 75-79 year-olds has increased from 6.1% to 10.9%. All three age groups are projected to increase their respective percentages even more by the year 2020.   There is no single reason why we...

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Focus on Companies, Not Governments

Posted by on Dec 21, 2014 in Faith in the Future, Serious Money Talks | 0 comments

Focus on Companies, Not Governments

As the number and complexity of big problems seem to accumulate almost daily, in both the domestic and foreign policy areas, it seems reasonable to conclude that solutions will not be coming from our federal or state governments. I find that my confidence drains when I think about the government’s general lack of productivity and value. However, my confidence builds every time I learn about companies that are doing interesting, amazing, and innovative things.   Companies are our new solution providers.     We are living in...

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