Gene's Blog
COVID-19: New SBA Loans for Small Businesses
The COVID-19 pandemic has upended all aspects of life around the world, including the world of business here in the U.S. If your business is struggling, you may be able…
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Gene Offredi selected for the Lifetime Achievement Award by the International Association of Top Professionals (IAOTP)
Gene Offredi, Owner & Certified Financial Planner of Summit Investor Coach, LLC, was just recently selected for the prestigious Lifetime Achievement Award, by the International Association of Top Professionals (IAOTP),…
Read MoreEconomic Growth and Equity Returns
I found the following article from Dimensional Fund Advisors eye opening and thought provoking. I’d like to hear what you think. A relevant question for many investors is whether their…
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Missing the target?
The percentage for hedge fund managers who are beating the market on skill is getting smaller and smaller.
Read MoreSummer Is Here!
Can you believe it? The 4th of July is upon us. I love the fireworks, the barbecues, family and friends gathering and just enjoying each other. We have been through…
Read MoreSpring Has Arrived and Why We Do What We Do
Interested in 5 more surprising insights about high networth retirees? Four years of writing more than a hundred blog posts on building wealth didn’t prepare me for this.
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5 More Surprising Insights about High Net Worth Retirees
Interested in 5 more surprising insights about high networth retirees? Four years of writing more than a hundred blog posts on building wealth didn’t prepare me for this.
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3 More Surprising Insights about Today’s High Net Worth Retirees
3 Little Known Truths about Today’s High Net Worth Retirees — High net worth retirees are not who you think they are. The business owners and high net worth individuals who most enjoy and thrive in retirement are living differently than most of us imagine. Let me give you three surprising facts about today’s retirees, especially those with high net worth.
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NFL Player Makes $3.6 Million But Lives On $60,000
NFL Player Makes $3.6 Million But Lives On $60,000 — This is a true story that any investment coach or financial advisor has to love. In August the Business Insider reported that Ryan Broyles, a Detroit Lions wide receiver has a contract for $3.6 million but supports his family on a budget of $60,000. This is one smart man.
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Business Owners: Avoid These Exit Strategy Pitfalls
Business Owners: Avoid These Exit Strategy Pitfalls — The latest issue of Family Business features an article about the importance of business owners making their exit strategy plan early. Barbara Spector writes about “ The Owner’s Journey” a new Columbia Business School/U.S. Trust white paper that reveals the exit-planning activities of eight business owners, including five who owned family businesses. Here are a few major pitfalls the report and its authors point out.
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5 Times When You Should Spend Your Money
My job is to help high net worth individuals and business owners save and invest. But today I want you to know that sometimes it’s good to spend your money.…
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7 Things You Should Never Hear From Your Financial Advisor
High net worth individuals and business owners know a lot about investments, making money, and growing their finances. But I’ll guarantee you something. I’ll guarantee you that no matter how…
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5 Powerful Actions To Transform Your Business, Your Team, and Your Community
The best business books can vastly improve the way we run our organizations. The best books make us not just better leaders, better business owners, and better workers, but also…
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Family Businesses Often Overlook Risks To Family Members
Your family business may be well protected from risks but what about your family members? Could the family business do major damage to the family? Are there risks you can…
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Money Book Gives Insights to High Net Worth Individuals
When people recommend a financial planning book I often cringe. So many financial and investment books provide poor advice. But recently a client asked me to read Tony Robbins’ Money:…
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Does Your Financial “Expert” Work For You Or For His Company?
Many Are Not Obligated To Serve Your Best Interests Assumptions can kill your financial plans. One of the worst assumptions is thinking your investment or financial consultant is legally obligated…
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6 Small but Impactful Financial Steps for High Net Worth Individuals and Business Owners in 2015
For a moment, put aside the country’s economic prospects. Focus on your own personal financial outlook and that of your own business. We’re already more than a month into 2015.…
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Double Your Money Carefully With Compound Interest
Here’s what some of my clients find is a very motivating fact about saving and investing. It’s called The Rule of 72. It’s a formula for estimating how long it…
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Time To Make Your Money Sweat So You Don’t Have To
Money can be a bully. If we let it, money can control us. But you and I can learn to be in control of our money rather than letting it…
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How Smart the Millennial Generation is Saving for Retirement
Does it surprise you that the Millennial Generation (1980-99 birth dates) is a bigger generation than the Baby Boomers? In the United States, we have 76 million Baby Boomers and…
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High Net Worth Individuals: Best Practices
Becoming a high net worth individual (HNWI) is one thing; maintaining that wealth can be quite another. Here are some simple but often overlooked best practices for maintaining wealth. 1.…
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The Business Owners Financial Checklist
You may feel like April 15, 2015 is light-years away. It’s not. Start preparing for your tax bill and take stock of your business’s financial situation now. Small actions now…
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Women: Retirement Shouldn’t Scare You
If you read my free eWorkbook, 21 Critical Retirement Questions Answered, you know that retirement can be more challenging for women than for men. In that eWorkbook we talked about how…
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Want to Retire? Make Your Money Work for You
Be honest. Don’t you think that most people spend way too much time and energy worrying about or trying to influence financial matters they can’t control? It’s true. My advice…
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Retirement Planning Starting Gate
What’s the single most important thing you can do to start successful retirement planning? Just get started. As hard to believe as it might be, the single biggest factor in…
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The Easiest Way to Create Retirement Wealth
People who are far from retirement often widely misjudge the total savings they’ll need. A big reason for this is the pervasive impact of inflation over decades. We tend to…
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A Quick Retirement Quiz
Can You Pass a Quick Retirement Quiz? Ready for retirement? You may not be if you can’t ace this quick retirement quiz. See how much you know…
Read MoreThe Warren Buffet Way How He Really Invests For Those He Cares Most About
The following commentary from Fred Taylor is certainly worth a read I always read, with interest, the annual Berkshire Hathaway annual report to shareholders (www.berkshirehathaway.com). Aside from the “obvious” financials…
Read MoreThe Devil Wears Nada
by Jim Parker Vice President, DFA Australia, Limited The global fashion industry is fickle by nature, pushing and then pulling trends to keep hapless consumers forever turning over their wardrobes.…
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Watch Out for “The Golden Ticket Trap”
by Jim Parker, Outside the Flags Vice President, Dimensional Fund Advisors In a popular children’s story, the young hero pins all his hopes on finding one of a handful of…
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4 Surprising Insights about High Net Worth Retirees
Wealthy Retires Can Struggle in Retirement Did you know that only 13 percent of workers are very confident of having enough money to live on when they stop working[1]? That…
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Surprise! No Selloff in 2013
DFA VP Wes Wellington, whose prose I’ve provided from time to time in my Commentaries, has written an excellent piece reviewing the past year and, as he usually does, focuses…
Read MoreDoom and Gloom This Was The Year That Was
With Apologies To The Late David Frost by Fred Taylor I’ve written many times, over the years, regarding the worthlessness of the media — much less the pundits that they…
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7 Deadly Investor Traps
Click to view this slideshow “7 Deadly Investor Traps” on Slide Share Was this helpful? Can I help you think through any other issues about your retirement? Please feel free…
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Surviving Retirement’s High Health Care Costs
A couple who retired in 2013 is expected to need $220,000 to cover their health care cost in retirement. By some estimates health care will cost you more than food…
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With $16.7B in new money, a banner year for Dimensional Fund Advisors
By Jason Kephart | October 28, 2013 – 1:26 pm EST Dimensional Fund Advisors is on pace for its best year ever as the growing acceptance of factor investing attracts…
Read MoreA Banner Year
The following commentary was forwarded to me by my friend and fellow coach, Fred Taylor: There really isn’t any reason to brag about any securities firm having a “banner…
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Whose Advice Do We Rely On
The following commentary was forwarded to me by my friend and fellow coach, Fred Taylor: Most of our clients have been advised regarding some recent additions to the Matson…
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A Simple Retirement Checklist
It doesn’t matter whether you’re wealthy or a successful business owner or someone just getting by. No matter what your situation, planning for retirement can seem overwhelming. I know people…
Read MoreWhen it comes to investing, the past is definitely not prologue!
One of the least important and least informative questions that prospective investors (or anyone else for that matter) can ask of me — or anyone engaged in this profession —…
Read MoreWhat to Expect from the New Health Insurance Marketplace
According to a recent Wall Street Journal poll, 76% of uninsured Americans don’t understand the Affordable Care Act or how it will affect them.1 Nearly 48 million uninsured Americans may…
Read MoreKrawcheck, Blayney: Top Financial Mistakes Women Keep Making
Sallie Krawcheck and CFP Board’s Eleanor Blayney say women fail to take enough risk in their investments and careers Letting your husband or partner manage the money without your involvement.…
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Does Your Business Reward Employee Performance?
Google “Five Guys Burgers and Fries Articles” and you’ll get 86,300 results. Five Guys is a huge business success and it’s still a family-run business with the mother, father, and…
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Business Owners: Stick with What You Do Best
Business owners can reach higher levels of success by studying what other companies do to succeed. That’s one reason I recently did some research about the family-owned, highly successful restaurant…
Read MoreBusiness Lessons from “Five Guys Burgers and Fries”
They’ve been featured in many of the major national media outlets including Forbes and Inc. magazines. A Family Business magazine feature calls them one of the restaurant industry’s largest family-owned…
Read MoreEugene Fama Awarded The Nobel Prize In Economics 2013
Fred had another interesting commentary on Eugene Fama: Date: Mon, 14 Oct 2013 16:01:54 -0400 One of the real pleasures in life is to be able to have both one’s…
Read MoreThe End Of Western Civilization As We Know It! . . . NOT!
I know that it is difficult with all of the hype from the news media and the talking heads on the cable channels to be able to think beyond the…
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Finding the Right Lawyer for Your Business
Can one attorney handle all your business needs? Maybe, maybe not. It can be hard finding the right lawyer for your business. From the beginning, most new business owners need…
Read MoreMinnesota Has Increased the Incentive to Move to Florida.
THE WALL STREET JOURNAL REVIEW & OUTLOOK August 20, 2013 Washington finally declared a truce on the death tax this year, with estates now taxed at 40% with an exemption…
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The Broccoli and Pizza Portfolio
by Jim Parker Outside the Flags, Vice President Content labeled as “Client Ready,” can be made available to your clients or prospects. Material is subject to change. Periodic review is…
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Transferring Ownership of a Family Business
Few business tasks are more difficult that creating a successful family business but transferring ownership of a family business may be close. A recent article by Harvest Capital’s James A.…
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Faith & Confidence in the Greatest Wealth Generating Tool
My closing thought for this month: There is always a lot of noise floating around, especially in the media, promoting an attitude of fear and pessimism. Of course, there are…
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Second-Guessing the Financial Markets
written by Jim Parker Outside the Flags Vice President Basing an investment strategy around supposedly expert forecasts is not always a good idea. Markets recently have had a rocky…
Read MoreSome Things Just Don’t Change
Date: Tue, 02 Jul 2013 11:37:54 -0400 Probably the dumbest question an investor can ask of anyone who is seriously engaged with the equity markets is: “what do you think…
Read MoreThe Intelligent Investor: Saving Investors From Themselves
By Jason Zweig Editor’s note: Jason Zweig recently wrote his 250th “Intelligent Investor” column for The Wall Street Journal and shortly thereafter won a Gerald Loeb Award, considered the most…
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Luck or Skill to “beat the market” consistently?
Date: Tue, 02 Jul 2013 11:37:54 -0400 One of the reasons that it is so difficult for any investment manager, broker or mutual fund to “beat the market” consistently is…
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3 Deadly Investor Traps
CAREFUL! When high net worth individuals like you invest, you must be cautious. You’ll find many serious investment errors or traps that are easy to fall prey to. Three of…
Read MoreNice Girls Talk About Estate Planning
Depending on whom you are talking with, there are various ways to start the conversation. Going to a woman’s undergraduate college taught me that it’s okay for women to be smart.…
Read MoreDoes Being Human Hurt Your Investment Results?
The following is a commentary from my friend and fellow coach Fred Taylor: Columnist, Morgan Housel had some interesting observations regarding the psychology of investing. As many well know, one…
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