Wealth Management Strategies for Sudden Wealth Recipients: Key Tips

Did you know that 70% of lottery winners who hit the jackpot end up broke within a few years due to sudden wealth stories and sudden wealth situations following sudden wealth events? Sudden wealth can be overwhelming. Wealth management strategies for sudden wealth recipients, including beneficiaries and lottery players of us lottery jackpots, are crucial […]

433: News of the Week 05/29/24

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The upcoming wealth transfer from Baby Boomers to younger generations is a significant and unprecedented event in history, often referred to as the “Great Wealth Transfer.” Research indicates that about half of this $100 trillion transfer will go to Gen X, with the other half going to Millennials and Gen Z. This generational shift is […]

428: Velerity Wealth Update 5/15/24

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My key takeaway from our guest (Ryan Bourne from the Cato Institute) on this week’s episode is that policy mistakes that adversely impact the free markets happen for a variety of reasons:Misread of dataPoor use of policy toolsPolitical motivationNational Security interests Whatever the reason, the consequences of policy mistakes are real for investors.  For example, […]

417: Market Update from a Former Sovereign Wealth Fund Manager

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I feel like I am going through another major transition in my life. I turned 50 last September—a fact that I deliberately chose not to publicize.  I hate to admit it, but much of my behavior is stereotypical divorced midlife crisis stuff. I got a Ferrari, I’ve been working out incessantly and…I’ve been considering adding […]

415: Tax and Return: Judge Glock

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“I’m from the government and I’m here to help.” Ronald Reagan described those as the most dangerous words in the English language. I generally agree with the Gipper who I have fond memories of extending back to the 1980 presidential election that I watched with interest as a kindergartener. When the government gets too big, […]

414: The Safest Double Digit Returning Investment in History?

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When I was fresh out of surgical residency and started to make some money, I started looking for advice on what to do with it.  One of the questions I had was about life insurance. I was a newlywed and had a baby on the way (now she’s in high school by the way). So, […]

411: Heads I Win Tales You Lose: The U.S. Banking System

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The challenge with investing is that you can do everything right and still lose. Unfortunately its supposed to be that way otherwise everyone would take the biggest bets possible all the time and always win. That’s just not reality. In good times, it is very hard to anticipate what could happen if the unexpected occurs. […]