Byron Moore, CFP® and Mike Jones

Wisdom on Wealth

Givers, takers and other kinds of inheritors

By Byron Moore, posted June 19th, 2014

Question: We have two children. Just to be blunt, one is a giver and the other is a taker. We own a business they both work in and I am worried that when we are gone, our taker will overwhelm our giver. How do we keep that from happening?

Answer:  Ever since Cain and Abel, siblings have been rivaling and causing their parents grief.

Income inequality

By Byron Moore, posted June 16th, 2014

The following column was published in The News Star on Saturday, June 14, 2014.

Question: I hear and read a lot about income inequality. There have always been rich people and poor people. I don’t really see myself as rich or poor. It doesn’t bother me that somebody makes more money than I do. Why is this a problem now? Has something changed?

Answer: It depends on whom you ask.

Has gold lost its shine?

By Byron Moore, posted June 9th, 2014

The following column was published in The News Star on Saturday, June 7, 2014.

Question: What’s happening with the downslide in the market price of gold? When can we expect gold’s price to increase?

Answer: The last time I wrote a column addressing the price of gold was 2007. At the time, gold was trading for about $700 an ounce. At this writing, gold is trading for a tad above $1200 an ounce. That’s about 8% growth per year.

Future hard to predict

By Byron Moore, posted June 2nd, 2014

The following column was published in The News Star on Saturday, May 30, 2014.

Question: I heard an economist say that 2014 would be a year of very slow growth? If that’s true, what does it say about the stock market?

Answer: Stop trying to aim at a target you can’t see. Doing so usually results in harm to yourself or others.

Podcast - Don’t fear…focus

By Byron Moore, posted May 28th, 2014
The following segment first aired on KEDM 90.3 on Wednesday, May 21, 2014.
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What are the ingredients for a good financial plan?

By Byron Moore, posted May 27th, 2014

The following column was published in The News Star on Saturday, May 24, 2014.

Question: Can you tell me what really makes for a good financial plan? I’m not really sure what all I should try to plan for. What do most people do?

Answer: What do most people do? Nothing.

Podcast - Welcome to the new normal

By Byron Moore, posted May 22nd, 2014
The following segment first aired on KEDM 90.3 on Wednesday, May 7, 2014.
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Plan like a pessimist, live like an optimist

By Byron Moore, posted May 19th, 2014

The following column was published in The News Star on Saturday, May 17, 2014.

Question: I like to consider myself as a positive person. I don’t want to be negative about myself or my future. But when I look around at what’s going on in the world and in our country, it’s hard not be somewhat pessimistic. Is my newfound pessimism justified, or am I just getting to be an old curmudgeon?  

Answer: Curmudgeon? No. Let’s just say you’ve got a case of emerging maturity.

Investing Truth No. 7: Diversification works... until it doesn't

By Mike Jones, posted May 15th, 2014

Most people think of investing as a personal activity that directly impacts their individual future.  However, most of what we are taught is really only applicable to investors en masse, i.e. the market-at-large, and over large periods of time.  Over the next several months I will share 10 points that I believe every investor should know prior to committing funds to any investment program.

I use the Risk/Reward Continuum (pictured below) when discussing or explaining investments and the need for diversification with clients.  It gives a great visual for demonstrating how to spread out risk as well where certain asset classes fall along the continuum.

Risk Reward Continuum.JPG

On feeling insurance poor

By Byron Moore, posted May 15th, 2014

Question: I pay a lot of insurance premiums and sometimes I just feel insurance poor. Is that unusual?

Answer:  Sometimes stupid things spoken by clever people can sound very wise.

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