- Good Idea, Bad Start
- When Opportunity Comes Face to Face with Hard Work and Preparation
- End of an Era
- No Strategic Approach to Wealth Management
- Alarm Bells
- It's Hard to Grow Assets AND Enjoy the Fruits of Success at the Same Time!
- Our Wealth Represented More Than Cash
- We Needed to Get a Handle on Our Investment Portfolio
- Introducing Strategic Wealth Management
- We Are Stewards, Not Owners, of Our Wealth
- Taking Control for the First Time
- The Power and Purpose of Entrepreneurial Stewardship
- Philanthropy Has Emerged as a Shared Interest Among Many Family Members
- Closer Family Ties
- The Value of Family Lore
- How My Dad Taught Me the Value of Money
- A Book About Strategic Wealth Management
Alarm Bells
Between 1987 and 1994, the U.S. stock market grew a whopping 133% while the bond market grew 92.4% in value. That meant that a portfolio of 60% stocks and 40% bonds like ours should have grown 117% over that same seven-year period. But to my shock, my family’s portfolio had not. In fact, my research showed that during the roaring bull market from the late 1980s into the mid-1990s, the value of our main portfolio grew only 31%. Taking inflation into account, this meant we hadn’t really increased the value of our wealth at all.