ACTION POINT

READ OR REREAD BUFFETT

April 12, 2019

Read or reread Buffett: The Making of an American Capitalist

  • fascinating & detailed portrait
  • experiences that shaped him
  • obsession with making money
  • evolution of investment approach from Benjamin Graham classes

Watch the related WEALTHTRACK episode.

INVEST WITH FUNDS AND FIRMS THAT ARE COMMITTED TO PATIENT INVESTING

April 5, 2019

INVEST WITH FUNDS AND FIRMS THAT ARE COMMITTED TO PATIENT INVESTING

  • Short-term oriented world
  • Investors under pressure to fire underperforming funds and hire outperforming funds
  • Most investment managers and firms don’t have patience, ability or desire to stick with long-term strategy

Watch the related WEALTHTRACK episode.

OWN SOME U.S. TREASURIES

March 29, 2019

OWN SOME U.S. TREASURIES

  • Safe haven asset class in recession eras
  • U.S. rates higher than other developed markets
  • Longer maturity = more dramatic price moves
  • Every 1% decline in yield:
  • – 2-yr Treasury note value + 1.9%
  • – 10-yr Treasury note value + 8.6%
  • – 30-yr Treasury bond value +19.1%

Watch the related WEALTHTRACK episode.

PAY ATTENTION TO THE FEDERAL RESERVE

March 22, 2019

PAY ATTENTION TO THE FEDERAL RESERVE

  • U.S Central Bank is the most powerful financial institution in the world
  • Fed increasingly open about its policies
  • What Fed Chairman and Fed policy statements say matter
  • Fed decisions affect financial markets and economic conditions globally
  • Follow Fed policies on their website www.federalreserve.gov

Watch the related WEALTHTRACK episode.

February 23, 2019
NORLEY: PLANNED PHILANTHROPY

  • Make charitable giving part of your financial plan
  • Americans give away hundreds of billions a year
  • Need to plan for it financially

USNIK: VALUABLE ADVICE

  • CEOs and philanthropists should create a sounding board of millennials
  • Get their views on issues that matter to you
  • Millennials are the employees, customers and investors of the future

Watch the related WEALTHTRACK episode.

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