Wisdom for Your Wisdom Years

In the second installment of the series, Matt Murphy sits down again with Matt Reynolds to discuss all the factors and decisions that go into selecting investmetns for a client. Just like the financial plan in general...

Which is better, a corvette or a pickup? Kind of a hard question to answer, right? If you want to go fast, a corvette is the obvious choice. If you need to haul a ton of dirt, the pickup wins easily. "Better" depends on...

Matt takes a moment to reflect on what the "wisdom years" part of the podcast actually mean. Many people assume that wisdom comes with age, but in Matt's experience that's not the case. Wisdom comes with actively...

Matt ran across an interesting statistic recently, that only about five percent of financial advisors operate on a fee-only basis. This is not an official SEC or FINRA statistic, but it does highlight something...

Matt reflects on a question Warren Buffet posed in a talk from the early 2000's: if you could own 10% of any person's lifetime earnings, who would you pick? And why? Conversely, if you had to short any one person's...

Matt breaks down the mechanics of the new Trump Accounts, which are savings vehicles for kids. He discusses the tax deferred status of the accounts, what the funds can be used for, how they can be invested, who owns the...

Matt recently returned from a family trip to Pinehurst, an iconic golf resort in North Carolina and the home of US Kids Golf World Championship, which his daughters have competed in, and as always with such trips, with...

Most people when they think about investment portfolios and retirement are concerned with the rate of return of the portfolio. How much does it earn every year, how much will it grow over time, is it matching or beating...

Before you sit down at the conference table to with Matt, many hours of work go into your financial plan -- gathering information, reviewing your accounts, optimizing your tax situation, coordinating with accountants...

Life moves through seasons, and one characteristic of a season is you often don't realize you're in it until it has passed. You grow up, start working, kids come along, all of a sudden you're in the thick of parenting...

Matt draws an analogy between the movie Man on Fire and the character of Crecy, who teaches a young protege how to think under pressure -- to solve a puzzle, not react emotionally -- and the process of investing. One of...

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Your life's journey is full of wins and losses, and however lumpy, it is a journey, a movement toward something, which means it is also full of gains. One common trait of successful people is they set goals and, having...

Matt tackles a common question from clients: will traditional investing work with AI? AI is changing how businesses operate, with explosive increases in scope and scale over the past couple years. There is enormous hype...

Simplicity isn't just a nice feature of plans and documents, it carries real value. When things are complex, whether it's your investment allocation (or the investments themselves) or your estate plan documents, it...