303.747.6455
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Michael Brady, President
Generosity Wealth Management
1818 16th Street
Boulder, CO 80302
P 303.747.6455
F 858.947.3807
www.generositywealth.com
Registered Representative of and securities offered through Cambridge Investment Research, Inc. Member FINRA/SIPC
Investment Advisor Representative of and Advisory Services offered through Generosity Wealth Management, LLC., a Colorado Registered Investment Advisory firm
Generosity Wealth Management, LLC and Cambridge Investment Research, lnc. are not affiliated companies
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The information being provided is strictly as a courtesy. Our company makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site. When you access one of these sites, you assume total responsibility and risk for your use of the sites you are linking to.
The Dow Jones Industrial Average is an unmanaged, price-weighted index of 30 large capitalization stocks with dividends reinvested. The Standard & Poor's 500 Index ("S&P 500") is an unmanaged, market capitalization weighted index of 500 widely held stocks, with dividends reinvested, and is often used as a proxy for the stock market. The Nasdaq Composite is an unmanaged, market capitalization weighted index of stocks listed on the Nasdaq Stock Exchange, and are reported as price return without reinvestment of dividends. Indexes are often used as a proxy for the stock market and cannot be invested in directly.
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Greetings!
If you've been reading my newsletters and watching my videos religiously, I not only love you, but you'll also know that I'm a big Warren Buffet fan. One piece of sage advice he has given that I agree with is "don't buy something you don't understand". In this week's video, I expand upon that and talk about how I was once pitched one of the instruments that lead to the financial disaster of 2008. It just didn't make sense to me, so I didn't recommend it to clients. Be sure you have good transparency, understanding, and a tolerance for the risk for any investment you make.
Take a few minutes to watch/listen to my video
Don't Buy What You Don't Understand - Video
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Oil Prices
Oil has been one of the big pieces of news recently, with some forecasters predicting much higher prices at the pump, whereas others are predicting a stabilization and downward trend as other countries start to increase their output.
The price of oil is important for our economic recovery, and if prices continue to climb, this will not be good. A higher oil price can negate all the progress we've seen so far.
Above is the historical price of oil. Let's not forget we've been here before and survived.
Where Does our Oil Come From?
In case you're curious where the world's oil supply comes from, there's the breakdown by country. I think there's a perception by most Americans that we get all of our oil from the Middle East, but that's simply not the case. Saudi Arabia, for instance, is only 11.9% of the world's supply. That's a lot, but it's certainly less than what most people perceive.
You'll see me in the coming months talk about the bond markets, particularly as the Quantitative Easing (QE2) comes to a close this summer.
We have a huge federal deficit. We need people to buy Federal bonds to lend money to the government.
With the huge influx of money from the Fed in the past few months, foreign investors were squeezed out. Will they come back? The answer is not as simple as you'd think.
I'll be writing more and more about this as the year goes by, particularly it's impact on you.
Click on the link below for a more detailed article.
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Shower Squid
Continuing my public service to you, I feel the need to share with you the below product.
I mean, who wouldn't want a Shower Squid? It's kind of funny looking (makes you laugh) yet appears completely useful.
So, by reading my newsletter you're not only organizing your finances and financial understanding, but you're organizing your shower.
What more can you ask for?
Shower Squid  |
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I'm here to help!....
I'd love to talk more with you about the above topics or anyway I can help you grow and preserve your money while providing for yourself, your family, and community.
Mike
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