Active vs Passive

What is better, active management or passive investing? Those in the financial industry will debate this as ferociously as most arguments involving politics and religion. Active management implies owning mutual funds, while passive investing refers to owning an index...

Don’t Buy the Headlines

During market turmoil, many investors turn to news sources for answers – advice, guidance, or a new idea to capitalize on the turmoil. This can be a dangerous strategy. Enter stage right, Hertz. A few days ago, I was watching CNBC when a breaking news alert came...

Risk in Retrospect

"If social distancing is successful it will be viewed by most people as unnecessary in retrospect. This is the essence of risk management, and why so few successfully manage risk" - Jess Bost In asset management, allocation and diversification are the lifeblood of...

Becoming An Army Diver – Part 2

After completing phase 1 of dive training, I received orders to Panama City, FL where I would start Phase 2 at the Naval Diving and Salvage Training Center (NDSTC). Phase 2 of training is roughly six months. The training consists of classroom, controlled diving...

401(k) Loans – Are You Really Paying Yourself Interest?

When someone is looking at lending options, occasionally their 401(k) is one of them. Why wouldn’t you take a loan from your 401(k); you’re technically paying yourself interest, right? Unfortunately, it’s not that straightforward. In most cases, an investor can...

How the SECURE Act Could be Detrimental to Your Beneficiaries

Many people own a trust as part of their estate plan. Prior to 2020, it was common to have the beneficiary of an IRA be a trust. A See-Through Trust allows individuals to pass IRAs, via a trust, to their trust beneficiaries. There are several reasons to name a trust...

Becoming An Army Diver – Part 1

"You're going to be a what?!" The day I was scheduled to pick my Military Occupational Specialty (MOS), my father sat me down. He is an ex-Army guy. Up to that day, I spent 17 years listening to each one of his Army stories no fewer than 20 times. He said, “Johnny,...