image_pdfimage_print

This is Your Brain on Financial Losses

We’re going to keep things really simple this go round. Why? Because this basic principle is what keeps the wise getting richer and the unwise getting poorer. It’s what drives the shift in market wealth from the unsophisticated investor to the seasoned investor. And you just might recognize a bit of yourself in the foundational concept I share in the video. It’s inspired by The Behavior Gap by Carl Richards and is applicable in many situations but particularly investing. So take a look. I think you’ll enjoy and come out wiser as you think about your money. Check out what we’re viewing on the web: Edward Jones hit with suit alleging 401(k) mismanagement: Unfortunately this is becoming a common theme. As people become more educated these mammoth firms that have been ripping people off will be called out. We believe that this is a GREAT thing! If it’s not in
Continue Reading

Categories: Contrarian View and Personal Finance.

What is the Value of a Dollar?

Those that don’t study history are doomed to repeat the same mistakes made in the past. How many times have you heard this phrase or something similar? This is why we study history at Iron Gate Global. If we look at the past it can give us an idea of what may happen in the future. Take income investing for example. Academia has this notion that the older you get the more income type investments you should own. For example, when you’re 60 years old you should have approximately 60% of your portfolio in bonds. We couldn’t disagree more with academia. The amount you should have in classic income type investments (bonds and dividend stocks) depends on your goals and the need to grow your money. Here’s what history has shown regarding the value of $1.00 over time using different asset allocations. As you review the returns, ask yourself the
Continue Reading

Categories: Income Genius and Strategy.

What I’d Tell Every Teenager and It’s The Key For Your Wealth Too

I just had a great conversation with a fifteen year old who had been working hard to save his money. I told him one secret about what to do with it and it blew his mind. That secret is the one thing you too should be applying to your wealth building approach. It’s the very first thing everyone needs to do when planning for their financial future. This video reviews that conversation and is a great check up for you as to whether you have the right mind set for your portfolio. It’s short (three and a half minutes long). It’s sweet. And it’s the key to wealth. I hope you’re already doing this one thing. Enjoy. What We’re Reading More Money, More Success, More Stuff? Don’t Count on More Happiness – Money and items are not the key to happiness, including winning the lottery! Read the full article. One
Continue Reading

Categories: Personal Finance and Wise Money Monthly.

Market Commentary – What History Has To Say About Lethargic Markets

The markets have gone sideways for well over a year now. History has a little bit to show us about what that might mean and how we may want to think about the next few months. In this month’s Market Commentary we’re going to review historical references of when the markets looked similar to what we see today. It’s an interesting view on why being consistent, and focusing on probabilities is the approach that is most likely to yield results. And below the video we have our “What We’re Reading” section to give you some of our favorite articles. Enjoy.   What We’re Reading What’s Your Plan B for Retirement? This is a great article about the importance of a well-built portfolio as well as the need to make retirement about more than just money. Read the full article here. Buy-and-hold fund prospers with no new asset bets in 80 years.
Continue Reading

Categories: Market Commentary and Markets.
image_pdfimage_print