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Social media is like those funhouse mirrors you saw at amusement parks growing up. What you see is not reality. When it comes to wealth, social media plays a great part in distorting the perception of wealth. Athletes, entertainers, and influencers who post about their latest purchases – the big house, the new car, fancy...
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“The impersonal hand of government can never replace the helping hand of a neighbor.” -Hubert H. Humphrey “All will concede that in order to have good neighbors, we must also be good neighbors.” -Harry S. Truman As the COVID-19 pandemic raged in 2020 and as tempers flared in Washington over what to do about it,...
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Why do we hear so much about diversification? Well, think about who’s pushing diversification. It’s financial advisors who charge commissions from actively buying and selling stock to balance a portfolio. What is the selling point of diversification? To minimize risk. What type of returns can you expect from diversification? Average. Do you know what else generates average returns? An index fund. The purpose...
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What is an exit strategy? When it comes to business and investing, the exit strategy is the endgame – the ultimate goal of an investment or venture. Whether liquidating a real asset to extract appreciation or cashing out of a business venture through a business merger, acquisition, or IPO, it’s how an investor plans and...
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When it comes to investing, investors think of Wall Street. ​​It’s all they’ve ever known and it permeates every aspect of their lives – from the financial press to social media to their pensions and 401(k)s. ​​Wall Street dominates the investor space because it has the media, politicians, and corporate elites all in its pocket. Do...
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“The most dangerous creation of any society is the man who has nothing to lose.” -James Baldwin Right now, the man who has nothing to lose is running amuck on Robinhood. Created by the COVID-19 pandemic, an army of Robinhood traders are leveraging their tech-savvy to wreak havoc on the markets. One popular online hangout is...
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Why is the online used-car site Carvana so popular? What explains its explosive growth since its launch in 2013? The company sold 2,105 cars in 2014 and grew that figure an incredible 84 times to 177,549 cars last year. That’s an average annualized growth rate of 143% for five years. Carvana is successful because consumers realized that...
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Based on a survey of CEOs nationwide, Chief Executive Magazine once again named Texas the best state to do business in for the 16th year in a row. Can you guess which state places last? California. And just one spot above California? New York. It should come as no surprise then that businesses are leaving California...
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According to the U.S. Census Bureau, five of the 15 fastest-growing large cities over the past decade are in Texas. As for numeric change, cities in Texas are among those that have added the most people this decade. Collectively, Houston, San Antonio, Austin, Fort Worth, and Dallas increased by almost 933,600 people. This equals 39.5% of the roughly...
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The typical investment portfolio of the Main Street investor features a heavy allocation of stocks and bonds with alternatives sprinkled in for diversification. The 60/40 mix (60% stocks/40% bonds) has been a long-standing favorite of financial advisors because of its simplicity and purported diversification benefits. The problem with the stock/bonds mix is it may have...
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