Gene's Blog

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 More

Economic 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…

Read More

Missing the target?

The percentage for hedge fund managers who are beating the market on skill is getting smaller and smaller.

Read More

Summer 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 More

Spring 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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.…

Read More

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…

Read More

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…

Read More

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…

Read More

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:…

Read More
Summit Investor Coach is a Fiduciary

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…

Read More

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.…

Read More

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…

Read More

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…

Read More

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…

Read More
learn how to maintain wealth

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.…

Read More
business owners financial checklist

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…

Read More
Women: Retirement Shouldn’t Scare You

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…

Read More

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…

Read More
retirement-planning-starting-gate

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…

Read More
Create Retirement Wealth

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…

Read More
A Quick Retirement Quiz

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 More

The 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 More

The 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.…

Read More

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…

Read More
wealthy retires can struggle in retirement

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…

Read More
DImensional Fund Advisors

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 More

Doom 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…

Read More
7 Deadly Investor traps

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…

Read More
Surviving Retirement’s High Health Care Costs

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…

Read More
DImensional Fund Advisors

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 More

A 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…

Read More
New Matson Money Advisors Laffer Odean DSouza Ott

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…

Read More
retirement checklist

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 More

When 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 More

What 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 More

Krawcheck, 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.…

Read More

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…

Read More

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 More

Business 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 More

Eugene 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 More

The 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…

Read More
finding the right lawyer

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 More

Minnesota 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…

Read More

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…

Read More

Many of you have read or heard my financial philosophy, but I think it bears repeating:

My Finacial Philosophy: The truth about investing is that what most people need for an abundant life, an abundant retirement, is very easy to understand, but not so easy to…

Read More
Transferring Ownership of a Family Business

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.…

Read More

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…

Read More

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 More

Some 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 More

The 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…

Read More
beat the market

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…

Read More
3 deadly investor traps

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 More

Nice 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 More

Does 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…

Read More

Business Owners Fall Short In Planning Leadership Transition

Planning Leadership Transition When a business owner dies the leader and business team left in charge are often overwhelmed. Most business owners do an adequate job on estate planning and…

Read More