The Difference Between a Savings Account and Investing
The words saving and investing seem to always go together, like peanut butter and jelly, or death and taxes. And they do belong together, because before you can invest, you have to save. Saving is spending less than what you make and putting the difference aside for later. It’s delayed gratification, it’s the old fable about the summer ant and the winter ant. Saving is taking precautions against, and preparing for, an unknown and predictable future. Investing takes that one step further, and it’s largely a function of your time horizon for the money you are making and saving. Savings [...]
Mapping Your Financial Future: It’s Never Too Late to Save for College
Our webcast, led by Tony Muhlenkamp, takes a fresh look at an old topic: how do we save for college? Given the past few months, should we change the way we plan and save for our children’s education? Watch the webcast to hear our ideas on planning for your financial future. MAPPING YOUR FINANCIAL FUTURE - It’s Never Too Late to Save for College.2020.05.28 from Muhlenkamp & Co on Vimeo. If you have questions or comments about the content of the webcast, don’t hesitate to send us a message or call us at (877)935-5520. The opinions expressed are those of Muhlenkamp and [...]
Make More, Spend Less – Invest the Difference
Financial Health and Wellness has a LOT in common with Physical Health and Wellness; especially in the sense that everyone knows it’s important; and they even know how to do it (make more, spend less, invest the difference), but very few people actually do what it takes to achieve it. John Templeton once explained to a reporter his secret for becoming wealthy; for the first 20 years out of college, he saved half of everything he earned. Period. Now John Templeton is a LEGENDARY investor and earned good returns for his clients by investing. But his SECRET to wealth was [...]
Is Money the Root of All Evil or Good for the Soul?
First of all, the entire quote from Pauls’ Letter to Timothy is “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” So the love of money (and of all the things that money can buy) is the root of all evil according to St. Paul. Not money in and of itself. Having money is no more evil than not having money; neither of them is good or bad in and of themselves. It’s the love of money, the lust for [...]
The Goal of Investing
SOME PEOPLE SELLING INVESTMENT ADVICE SPEAK OR WRITE OF “DIVERSITY” AS IF IT WERE THE GOAL OF INVESTING. IT’S NOT! THE GOAL OF INVESTING IS TO MAKE YOU MONEY. – RON MUHLENKAMP We are all familiar with the phrase “Don’t put all your eggs in one basket.” It’s important to check the quality of the baskets. Not all baskets are well constructed. In the investment business, a CD basket differs from a bond basket, which differs from a stock. Some people selling investment advice maintain that you should use all of these baskets for diversity. They speak or write of diversity [...]
Working the Problem: The Impact of COVID
Jeff and Tony Muhlenkamp discuss the economic disruptions caused by the COVID-19 pandemic. WORKING THE PROBLEM: The Impact of COVID.2020.06.04 from Muhlenkamp & Co on Vimeo. If you have questions or comments about the content of the webcast, don’t hesitate to send us a message or call us at (877)935-5520. The opinions expressed are those of Muhlenkamp and Company and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.