Category: Investing

Making Decisions with Your Third Eye

Charlie Munger, longtime business partner of Warren Buffett, was recently interviewed by Wall Street Journal’s Jason Zweig posted on April 17, 2020. In it he said

Who’s In Control? You Are.

Almost everyone I talk to says the same thing: “These are crazy times” (or something similar).  It seems that many of us have a hard time wrapping our heads around this global pandemic.  We don’t know quite how we should feel about the constant stream of COVID-19 news.  It’s an eerie feeling.  We feel out of control, helpless.

Process versus Outcome

Process: a series of actions or steps taken to achieve a particular end or outcome.

The New SECURE Act: Protecting Your Beneficiaries

There’s a new act that was recently signed into law by President Trump and which took effect on January 1st, 2020. It’s called the SECURE Act, and it stands for Setting Every Community Up for Retirement Enhancement. There is both good and bad news associated with it, and you’ll want to be aware of how it may affect you and your beneficiaries.

Putting Things Into Proper Perspective

One of the most spectacular birds I’ve ever seen is the Snowy Owl, a large white bird with a wingspan of almost five feet.  With a worldwide population estimated at only 200,000, some of these owls reside all year in their breeding grounds high in the Arctic tundra.  Others, however, migrate south in the winter to Canada and the northern continental U.S., where they can be found in open fields and shorelines.[1]

Poker, Probabilities and Brinksmanship

ome of us will remember the date: October 14, 1962.  It’s been 57 years since the start of the Cuban Missile Crisis, an event which put the world on the brink of nuclear war.  It happened in the middle of the Cold War, when school children were routinely taught to hide under their desks in the event of an attack.  At that time, the U.S. discovered that the Soviet Union was deploying medium range ballistic missiles on Cuban soil.  This would become the biggest test of John F. Kennedy’s presidency.  Seeing this as an obvious threat to national security, Kennedy’s advisors prepared several options to consider, including an invasion of Cuba.  The President, however, feared that too aggressive a military response could trigger a military escalation from the Soviets, possibly starting a nuclear war.  Kennedy put the U.S. military on “maximum alert” and weighed all of his options, knowing that delaying his decision meant that more Cuban missiles would become operational.

The Shepard Tone of Financial Media

You may be old enough to remember when television stations signed off the airwaves for the night. Some stations ended the day’s broadcasts by playing the National Anthem. After that, you saw nothing but a test pattern until the morning programming sign-on.

Financial Trust

Many times each day, you and I are asked to put our trust in something or someone, implicitly or explicitly.  For example, we assume that all of the gadgets we rely on will work flawlessly, such as the alarm clock, stove, microwave oven, coffee pot, toaster, TV set, automobile, air-conditioning, refrigerator, smart phone, lap top.  Every ad we see on TV, hear on the radio or see on billboards asks us to

What to Listen to on the Beach

Summertime.  For some of us, that means vacation: long road trips, spending time at the beach, camping or at a cabin in the woods.  In addition to packing sunscreen or tick repellant, we also think about what to read or listen to during those leisure hours.

Investing When We Don’t Know the Future

We humans hate uncertainty.  Deep down, we want to know how things are going to turn out.   We day-dream about winning the lottery, having the perfect job, enjoying the perfect vacation (with selfies to prove it), buying the perfect house, getting the perfect exam score.  But, because we really can’t control the future, we also worry:  will I ever meet the perfect spouse?  Will the exam results be negative?  Will my children live happy lives?  Will there ever be world peace?  Once and for all, is drinking coffee (or eating eggs) truly good for us?

book img2

A Comprehensive Guide To Safeguarding Your Financial and Family Wealth.

Subscribe to our blog

Looking for Something?

Coyle Financial
Counsel Events

Recommended Reading

book img3
Download Free Chapter on
Lifelong Learning

Watch More Videos