Showing posts from September, 2017


This is my 100th blog post!While I don’t believe in milestone birthdays this milestone seems worth celebrating (no gifts please)Celebrating is important so I can recognize the many contributors to this blog and I hope it will be helpful to others who are considering joining the blogosphere as a positive contributor instead of a snarky anonymous commenter.

In retrospect everything looks obvious.When we started our new blog in 2008 blogs were not as mainstream as they are today.Getting an article published in the Wall Street Journal or your local newspaper was still the primary PR goal.With that in mind my blog partner, Randy Baum, and I created a team with publishing experience. Our first partner was Lori Marshall who is a professional ghostwriter with several best selling books.We also partnered with an ex-journalist turned PR and Marketing professional, Greg Berardi, from Blue Marlin.Randy also had some writing chops as an English major in college.I was the weakest link and po…

Major Decisions

I’m constantly searching for answers to the big questions in my life.While I haven’t found the answers yet I continue to search in ancient religious texts, academic papers and recently I find that blogs and podcasts are a good place to look. One of my favorite Podcasts is Invest Like the Best.A recent episode talked about how we don’t have enough data to make the three major decisions in our life.Let’s check out how we can improve each major decision.

Part of the American dream is to own a home.We don’t question the belief that when we reach a certain we age we should buy a house no questions asked.James Altucher has written extensively about why buying a house is a horrible idea.I wouln’t go that far but I do wish I had more information before I bought my first house.In retrospect I should have been concerned with the overwhelming consensus opinion of just do it because everyone else is.That is against everything I have learned as an investor and as a parent.There are new tools…

Concierge Wealth

My parents use a concierge doctor.They both love it!I asked why and after several minutes I had to stop them - OK I get it! It made me think, if this approach is so great why don’t wealth managers become concierges too?It is worth taking a look because we share a similar clientele.
The medical and financial services industries face similar problems.  Both have an acute shortage of professionals. TheAssociation of American Medical Colleges(AAMC) estimates, the United States will face a shortage of more than 91,500 physicians by 2020.The financial services industry has lost 40,000 financial advisors since 2008 while at the same time wealth creation has exploded.A survey asking why people aren’t applying for wealth advisor jobs produced a sobering list of reasons.Neither group has a credible plan to solve the problem.My belief is that a Concierge business model can help because it approaches the problem by addressing the patient and professional’s needs.Seems like a good place …