Blog - Smart Nest Egg

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Gary Alt |

I enjoy taking complex ideas and simplifying them into understandable terms. This 5-minute video explains why we should care about our nation's deficits and debt. Using data from the current administration it shows in factual terms how we're all going to suffer if we can't get our elected officials to stop put plans in place to fix the deficit now, not later.

This is worth five minutes of your time to view, especially as we prepare for the fall elections.

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Debt,

Policy,

Politics

Tuesday

Jun222010

How to tell if you're foolish with your money

Tuesday, June 22, 2010 at 9:20AM |

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Gary Alt |

Clients often ask my opinion about their spending habits during the financial planning process. They want to know if their spending is "normal" or how it compares to others. Though everyone is different it's helpful to look at the averages.

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Consumers,

Personal finance,

Provident Living

Friday

Jun042010

"Capitalism is an awful system - it's just better than everything else."

Friday, June 4, 2010 at 8:28AM |

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Gary Alt |

Eugene Fama, professor at the University of Chicago school of finance, is considered "the father of modern finance." The Fama-French Three-factor Model is the cornerstone of our investment strategy and philosophy at Willow Ridge.

In this CNBC interview Gene discusses capitalism, efficient markets and whether government intervention can work...it's worth eight minutes of your time to hear his straightforward and common-sense perspectives on these important topics. As few people can do, Gene answers these questions with clarity and in his down-to-earth way.

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Better Investor,

Policy,

Portfolio Strategy

Thursday

Jun032010

It's all about confidence

Thursday, June 3, 2010 at 10:32AM |

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Steve Merrell |

This morning I received an email from a friend in which he made the following comment:

My view is that el Erian (the Chief Investment Officer at PIMCO) is right in his analogy of the economy being in a old beater car running low on gas on an uncertain road... and we have already used our spare tire. It is scary out there.... It is all based on confidence, and investor confidence can change very rapidly.

He closed his email by saying "Still on the sidelines since Dow 13,500."

I think my friend expressed well the angst felt by many in today's struggling economy. We face more challenges right now than most of us have ever faced before. But who says we are too weak to prevail? My friend was right when he said "it is all based on confidence." Our biggest challenge today has nothing to do with our budget deficit. It has everything to do with our confidence deficit.

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Better Investor,

Market Insights

Monday

May032010

"Credit cards - it's like negative money."

Monday, May 3, 2010 at 9:26PM |

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Gary Alt |

1 Comment

My 15-year old son is very close to earning his Eagle award in scouting. He's currently completing the requirements for the "Personal Management" merit badge which includes learning about checking and saving accounts, loans, credit cards, charge cards, debit cards, budgeting and many other aspects of personal finance.