THOUGHTS ON MONEY [TOM] is a place to find simple truths on money. Everything from budgeting to investing to decision making. A great place to come for answers to your own personal financial questions or to spark thought on how to improve your financial life. Enjoy an easy to read, application focused commentary.
Today I’m going to tell you a story about Mary. Mary is retired and perhaps the sweetest person you could ever meet. The type of person that just lights up the room. Someone that always makes you feel like family. Some years ago I was honored with the opportunity to steward over Mary’s investments. As is […]
Over the last few weeks, we’ve seen a few headlines of folks winning at the game of chance. There was Gregg Nigl, the neuropsychologist from Columbus, Ohio who correctly guessed the first 48 games of the March Madness tournament. Then we had James Adducci of Wisconsin who wagered $85,000 on Tiger Woods to win the […]
Here’s the question we are going to address on TOM today: Is debt evil? Seems like a funny question, but after spending years talking to folks about their money, this is a prevailing theme. It is no wonder why there is a stigma around debt for when we hear horror stories about the financial destruction of […]
We all know that life is full of surprises, and we should know that it’s important to have a plan to manage life’s surprises. In finance, we call these surprises risk. Risk is the chance that something could wrong. There is a big difference between being proactive and reactive when it comes to managing risk. […]
Things rise and fall, start and stop, expand and contract – it’s a fact of life. School children take a recess, middle-aged men get receding hairlines, and business cycles have recessions. Are we going to have a recession? Yes. Should I be concerned? No….not if you’re a prudent investor. Being a smart investor requires a […]
Last week on TOM we discussed a simplified system for categorizing and self-assessing your personal finances; we called it your Personal Financial Report Card. This financial report card was broken down into 6 categories: Earn, Save, Spend, Protect, Grow, and Give. Hopefully, your self-assessment provided some good perspective on where you currently stand and where […]
My original aspiration for TOM was to make personal finance more understandable; to translate the complex into the simple. I wanted to share good ideas that would help people improve their financial lives. I had an interaction with a friend last week that was a good reminder of this mission. My friend came to me […]
When it comes to investing, one of the biggest obstacles that an investor must overcome… is themselves. In today’s TOM we examine a real life story about the costs and consequences of bad investor behavior that we can all fall victim to. “Imagine how much harder physics would be if electrons had feelings!” -Richard Feynman […]
This week I was working on a financial plan with another advisor at The Bahnsen Group, and we got into a conversation about sequence-of-returns risk (SORR). I was reminded of how important this topic is yet how little is known about it. While we’ve mentioned it in previous TOM articles, it deserves a dedicated observation of […]
This last weekend I got to thinking about an interesting question, how did generations of the past accumulate enough wealth to retire? This curiosity was spawned from an observation of my own generation (Millennials), who don’t seem like they are saving enough to prepare for retirement. So, I was curious to know how past generations […]
The Bahnsen Group is registered with HighTower Securities, LLC, member FINRA and SIPC, and with HighTower Advisors, LLC, a registered investment advisor with the SEC. Securities are offered through HighTower Securities, LLC; advisory services are offered through HighTower Advisors, LLC.
This is not an offer to buy or sell securities. No investment process is free of risk, and there is no guarantee that the investment process or the investment opportunities referenced herein will be profitable. Past performance is not indicative of current or future performance and is not a guarantee. The investment opportunities referenced herein may not be suitable for all investors.
All data and information reference herein are from sources believed to be reliable. Any opinions, news, research, analyses, prices, or other information contained in this research is provided as general market commentary, it does not constitute investment advice. The team and HighTower shall not in any way be liable for claims, and make no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information, or for statements or errors contained in or omissions from the obtained data and information referenced herein. The data and information are provided as of the date referenced. Such data and information are subject to change without notice.
This document was created for informational purposes only; the opinions expressed are solely those of the team and do not represent those of HighTower Advisors, LLC, or any of its affiliates.
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about the author
Trevor Cummings, CFP®
Trevor is a Private Wealth Advisor focused on building customized financial plans for his and many clients of the team.
As the author of TOM [Thoughts On Money], Trevor endeavors to write and speak about financial concepts and principles in a kind of “straight” talk demeanor and posture.
He received his Bachelor’s degree in Organizational Leadership from Biola University and his MBA from California State University, Fullerton.