The Art of the Goal
Vance Albitz2018-06-21T21:26:49+00:00Defining goals is critical to creating an appropriate investment program. A goal in itself is a powerful thing; it gives us direction and allows us to focus our energy into something we have specifically chosen to accomplish. So how do you set a good financial goal? Like many other seasoned goal-setters, we [...]
A Look at Portfolio Diversification
Vance Albitz2018-06-21T22:21:19+00:00October 18, 2016 Market Commentary A Look at Portfolio Diversification Ancient Chinese merchants are said to have developed a unique way to reduce their risk. They would divide their shipments among several different vessels. That way, if one ship were to sink or be attacked by pirates, the rest stood a [...]
Taxes on Long-Term vs. Short-Term Capital Gains
Vance Albitz2018-06-21T22:28:43+00:00September 13, 2016 Financial Roadmap Taxes on Long-Term vs. Short-Term Capital Gains Chris Rock once remarked, “You don’t pay taxes, they take taxes.”¹ That applies not only to income, but also to capital gains. Capital gains result when an individual sells an investment for an amount greater than his or her [...]
Pay Yourself First
Vance Albitz2018-06-21T23:31:56+00:00August 23, 2016 Lifestyle & Budgeting Pay Yourself First Each month you settle down to pay bills. You pay the electric company. You pay the trash collector. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first,” in other [...]
Rick Reilly – Writer
Vance Albitz2018-06-04T22:45:33+00:00Rick Reilly Writer 8/16/16 Favorite Quote: “Most folks are about as happy as they make their minds up to be.” – Abraham Lincoln How do you define "value"? “Adding, not subtracting. There are so many people whose whole life is devoted to subtracting. Their whole reason for being is [...]
Rachel Balkovec – Strength Coach
Vance Albitz2018-06-04T22:45:35+00:00Rachel Balkovec Strength Coach, Houston Astros 7/14/16 Favorite Quote: “The phoenix hope can wing her way through the desert skies and still defying fortune’s spite; revive from the ashes and rise.” – Miguel de Cervantes Saavedra What are your core values? Discipline Exploration Growth How do you define "value"? [...]
The Tax System Explained in Beer
Vance Albitz2018-06-26T17:47:02+00:00June 28, 2016 The Tax System Explained in Beer Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this... The first four men [...]