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Generosity Wealth

Michael Brady

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Generosity Wealth
Generosity Wealth

Generosity Wealth

Michael Brady

1
Followers
0
Plays
OVERVIEWEPISODESYOU MAY ALSO LIKE

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About Us

Cultivating your wealth's ability to grow, preserve and provide.

Latest Episodes

October 2019: End of Quarter Review

“Optimism is Pessimism about the dangers of Pessimism” -Tyler Cowen I recorded this month’s video on Monday September 30th, the last day of the quarter. Not only do I give a recap of what happened in the 3rd quarter, but I also reference my previous two newsletters about volatility (below average volatile year) and politics not mixing well with investments. The last time we had a constitutional crises was the impeachment of President Clinton, and the unmanaged stock market indexes were up 28%. And I reference the importance of keeping your emotions in check, and asking yourself “does my optimism or pessimism help or hurt me?” The reason I am so specific regarding when I recorded the video is because it was the afternoon before a two-day 800 point decline in the unmanaged stock market index Dow Jones Industrial. This made the national news. No one likes to sound likeBaghdad Bob, so I considered re-recording the video.Wisely, I chose to let the video stand. I was letting myself fall into the “recency bias” in my decision making, which is weighing more recent data heavier than the data as a whole. The economy and stock markets are very complex, with many variables and inputs. A few reports and days mean very little in the big picture or over the long run and it’s so easy to let yourself be sucked into the pessimism of one data point or another. We can’t extrapolate good days and assume they’ll all be good, and the same for negative ones. But, this is so easy to do, andwe must resist it to be long term successful! I’ve been meeting with clients for over 28 years; this past week was a good reminder that I’m human too.I’m glad my experience allowed me to acknowledge the feelings I had but not be controlled by them. I stand by my video, and ask “are your emotions helping or hurting you?”.

10 MIN2 w ago
Comments
October 2019: End of Quarter Review

September 2019: Volatility and Yield Curve

“Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.” -Benjamin Franklin Many folks are worried about market volatility and yield curve. Whether it’s an inherent worry or a byproduct of negative news coverage, it’s helpful to know if it is warranted or not. Some people are excessively worried about airplane crashes, when the greater worry is driving to the airport. But, the first one is dramatic and gets media attention, whereas the second doesn’t. In this month’s podcast, I discuss: Have we had unusual volatility, or has it been unusually calm but it just seems volatile? What’s all the hubbub about yield curves? Should I be worried?

9 MINSEP 9
Comments
September 2019: Volatility and Yield Curve

August 2019: Knowing Your Bias

““It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” —George Lorimer Each of us has an emotional and a logical side- in investments the emotional side can present biases in our thinking. As we get into the thick of things in terms of elections and leadership, I hear more and more political biases crop up with clients, investors and friends. No matter what side of the aisle they sit, they believe “my” person needs to win for the market to go up, or if “my” person loses it will go down. However the stats all illustrate there is no correlation between that political bias and reality. Let me show you:

10 MINAUG 1
Comments
August 2019: Knowing Your Bias

July 2019: Half-Year Report

“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor. It’s about stewardship and, therefore, about achieving the good society.” – Robert J. Shiller This has been an incredible year so far. Pretty much every month in the unmanaged stock market indexes has been positive. If you remember, last year 2018 was negative and some people have a tendency to allow themselves to get real negative, they extrapolate negative news into “it’s going to be negative forever” or “I told you that it was going to be horrible” particularly if you have a negative bias. Going back all the way until the 1920s, three out of four years were actually positive, so historically the strong majority is up. What we have to do is check our first biases; are we a negatively biased person or positively, and is that helping or hurting yourself?

9 MINJUL 11
Comments
July 2019: Half-Year Report

May 2019: Making Sense of the Market

“Being rich is having money; being wealthy is having time.” –Margaret Bonnano It is important to take a macro versus micro approach to investments, meaning we have to take a very big, long-term view in order to start to make some sense of the stock market. There are many variables in this equation that we call the market and only by looking at it as we would approach a mosaic by looking back months and even multiple years does it start to make sense. Listen for more on how to keep perspective when looking at the market.

4 MINJUN 1
Comments
May 2019: Making Sense of the Market

April 2019: First Quarter Review

“Wealth is the ability to fully experience life.” –Henry David Thoreau 2018 is but a distant memory as 2019 has come in fast and furious! In a very short amount of time we wiped away all of 2018’s losses in the unmanaged stock market indexes. This is a quarter that investors and financial advisors dream of, however now more than ever it is time to keep a level head. You hear me say the same thing over and over, and for good reason. Investing is a commitment and in this commitment you need to stay calm. In the video I discuss humility and bias. Why? Because none of us can predict the future, we do our best to try by watching the news and this forecast and that one, however these media reports consistently report to stretch either negativity or positivity. Middle of the road, even newscasts don’t make headlines, so it’s our job to take everything with a grain of salt

7 MINAPR 16
Comments
April 2019: First Quarter Review

January 2019: Market Reversal

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” -Ayn Rand From a horrendous 4th quarter in 2018, to a complete 180 in merely the first month of 2019 it’s still important to keep your sights on the big picture. It’s easy to be optimistic when the market is going up. It’s harder when the market is going down and all those reporters on TV are giving you all the reasons to be negative. That’s why we have to look at the underlying valuations, the underlying data, the money flow, the money velocity, the corporate earnings to look at what’s the real truth here. What’s the true story? Watch my video and/or read the transcript. It’s a quick one, under 5 minutes and I continue to illustrate why it’s critical to keep your emotions in check.

5 MINFEB 8
Comments
January 2019: Market Reversal

2018 Year End Review

“It’s the steady, quiet, plodding ones who win in the lifelong race.”– Robert W. Service The year 2018 is over, and what is most interesting is how different it was from the previous year 2017.This is a good reminder that every year is different, and 2019 will not necessarily follow the negative and volatile 2018. When I write or say something like that, I inevitably hear from someone who says “yeah, but it’s different this time. Everything has changed because of X, Y, and Z”. In my almost 28 years working with clients, the fundamentals of diversification,time horizon, and complementary financial decisions around your portfolio have remained the same. And no, it’s not different this time. I’ve been hearing that for 28 years.

11 MINJAN 3
Comments
2018 Year End Review

December 2018: Big Market Declines

“I have a lot of things to prove to myself. One is that I can live my life fearlessly.” – Oprah Winfrey There has been a lot of volatility this year, and in the past few months, almost all of it down. While I routinely send out a quarterly newsletter and video, due to the extent of the news and conditions right now, I’ve been sending more frequent updates with my current thoughts and advice.

7 MINJAN 3
Comments
December 2018: Big Market Declines

December 2018: Market Performance Updates

“The big picture doesn’t just come from distance; it also comes from time.” – Simon Sinek When we look at the news, when we look at the markets we might get all worked up. We might have the same perception that everything is going down the tube, particularly when it might happen to us, but I’m here to remind you to stay calm and remember the big picture. Visit https://www.generositywealth.com

10 MIN2018 DEC 17
Comments
December 2018: Market Performance Updates
the END

Latest Episodes

October 2019: End of Quarter Review

“Optimism is Pessimism about the dangers of Pessimism” -Tyler Cowen I recorded this month’s video on Monday September 30th, the last day of the quarter. Not only do I give a recap of what happened in the 3rd quarter, but I also reference my previous two newsletters about volatility (below average volatile year) and politics not mixing well with investments. The last time we had a constitutional crises was the impeachment of President Clinton, and the unmanaged stock market indexes were up 28%. And I reference the importance of keeping your emotions in check, and asking yourself “does my optimism or pessimism help or hurt me?” The reason I am so specific regarding when I recorded the video is because it was the afternoon before a two-day 800 point decline in the unmanaged stock market index Dow Jones Industrial. This made the national news. No one likes to sound likeBaghdad Bob, so I considered re-recording the video.Wisely, I chose to let the video stand. I was letting myself fall into the “recency bias” in my decision making, which is weighing more recent data heavier than the data as a whole. The economy and stock markets are very complex, with many variables and inputs. A few reports and days mean very little in the big picture or over the long run and it’s so easy to let yourself be sucked into the pessimism of one data point or another. We can’t extrapolate good days and assume they’ll all be good, and the same for negative ones. But, this is so easy to do, andwe must resist it to be long term successful! I’ve been meeting with clients for over 28 years; this past week was a good reminder that I’m human too.I’m glad my experience allowed me to acknowledge the feelings I had but not be controlled by them. I stand by my video, and ask “are your emotions helping or hurting you?”.

10 MIN2 w ago
Comments
October 2019: End of Quarter Review

September 2019: Volatility and Yield Curve

“Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.” -Benjamin Franklin Many folks are worried about market volatility and yield curve. Whether it’s an inherent worry or a byproduct of negative news coverage, it’s helpful to know if it is warranted or not. Some people are excessively worried about airplane crashes, when the greater worry is driving to the airport. But, the first one is dramatic and gets media attention, whereas the second doesn’t. In this month’s podcast, I discuss: Have we had unusual volatility, or has it been unusually calm but it just seems volatile? What’s all the hubbub about yield curves? Should I be worried?

9 MINSEP 9
Comments
September 2019: Volatility and Yield Curve

August 2019: Knowing Your Bias

““It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” —George Lorimer Each of us has an emotional and a logical side- in investments the emotional side can present biases in our thinking. As we get into the thick of things in terms of elections and leadership, I hear more and more political biases crop up with clients, investors and friends. No matter what side of the aisle they sit, they believe “my” person needs to win for the market to go up, or if “my” person loses it will go down. However the stats all illustrate there is no correlation between that political bias and reality. Let me show you:

10 MINAUG 1
Comments
August 2019: Knowing Your Bias

July 2019: Half-Year Report

“Finance is not merely about making money. It’s about achieving our deep goals and protecting the fruits of our labor. It’s about stewardship and, therefore, about achieving the good society.” – Robert J. Shiller This has been an incredible year so far. Pretty much every month in the unmanaged stock market indexes has been positive. If you remember, last year 2018 was negative and some people have a tendency to allow themselves to get real negative, they extrapolate negative news into “it’s going to be negative forever” or “I told you that it was going to be horrible” particularly if you have a negative bias. Going back all the way until the 1920s, three out of four years were actually positive, so historically the strong majority is up. What we have to do is check our first biases; are we a negatively biased person or positively, and is that helping or hurting yourself?

9 MINJUL 11
Comments
July 2019: Half-Year Report

May 2019: Making Sense of the Market

“Being rich is having money; being wealthy is having time.” –Margaret Bonnano It is important to take a macro versus micro approach to investments, meaning we have to take a very big, long-term view in order to start to make some sense of the stock market. There are many variables in this equation that we call the market and only by looking at it as we would approach a mosaic by looking back months and even multiple years does it start to make sense. Listen for more on how to keep perspective when looking at the market.

4 MINJUN 1
Comments
May 2019: Making Sense of the Market

April 2019: First Quarter Review

“Wealth is the ability to fully experience life.” –Henry David Thoreau 2018 is but a distant memory as 2019 has come in fast and furious! In a very short amount of time we wiped away all of 2018’s losses in the unmanaged stock market indexes. This is a quarter that investors and financial advisors dream of, however now more than ever it is time to keep a level head. You hear me say the same thing over and over, and for good reason. Investing is a commitment and in this commitment you need to stay calm. In the video I discuss humility and bias. Why? Because none of us can predict the future, we do our best to try by watching the news and this forecast and that one, however these media reports consistently report to stretch either negativity or positivity. Middle of the road, even newscasts don’t make headlines, so it’s our job to take everything with a grain of salt

7 MINAPR 16
Comments
April 2019: First Quarter Review

January 2019: Market Reversal

“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” -Ayn Rand From a horrendous 4th quarter in 2018, to a complete 180 in merely the first month of 2019 it’s still important to keep your sights on the big picture. It’s easy to be optimistic when the market is going up. It’s harder when the market is going down and all those reporters on TV are giving you all the reasons to be negative. That’s why we have to look at the underlying valuations, the underlying data, the money flow, the money velocity, the corporate earnings to look at what’s the real truth here. What’s the true story? Watch my video and/or read the transcript. It’s a quick one, under 5 minutes and I continue to illustrate why it’s critical to keep your emotions in check.

5 MINFEB 8
Comments
January 2019: Market Reversal

2018 Year End Review

“It’s the steady, quiet, plodding ones who win in the lifelong race.”– Robert W. Service The year 2018 is over, and what is most interesting is how different it was from the previous year 2017.This is a good reminder that every year is different, and 2019 will not necessarily follow the negative and volatile 2018. When I write or say something like that, I inevitably hear from someone who says “yeah, but it’s different this time. Everything has changed because of X, Y, and Z”. In my almost 28 years working with clients, the fundamentals of diversification,time horizon, and complementary financial decisions around your portfolio have remained the same. And no, it’s not different this time. I’ve been hearing that for 28 years.

11 MINJAN 3
Comments
2018 Year End Review

December 2018: Big Market Declines

“I have a lot of things to prove to myself. One is that I can live my life fearlessly.” – Oprah Winfrey There has been a lot of volatility this year, and in the past few months, almost all of it down. While I routinely send out a quarterly newsletter and video, due to the extent of the news and conditions right now, I’ve been sending more frequent updates with my current thoughts and advice.

7 MINJAN 3
Comments
December 2018: Big Market Declines

December 2018: Market Performance Updates

“The big picture doesn’t just come from distance; it also comes from time.” – Simon Sinek When we look at the news, when we look at the markets we might get all worked up. We might have the same perception that everything is going down the tube, particularly when it might happen to us, but I’m here to remind you to stay calm and remember the big picture. Visit https://www.generositywealth.com

10 MIN2018 DEC 17
Comments
December 2018: Market Performance Updates
the END
hmly
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