All posts by: Rusty Holcombe

Your S&P 500 Index Fund Costs More Than You Think

Here’s an investment opportunity for your consideration. It’s managed by an investment committee that seeks to build a portfolio to be representative of the U.S. economy. The committee meets regularly to determine what stocks to add to or remove from the portfolio, and routinely makes between 10-40 changes per year. These decisions are not made

The Dangers of ETFs (And Why You Should Avoid Them)

It’s not unusual for my phone to ring in the wake of a financial crisis.  May 6, 2010 was one of those days. Around 2:30 that afternoon, the Dow Jones Industrial Average plunged nearly 1,000 points, only to recover all of those losses 36 minutes later. During the tumult, many exchange-traded funds (ETFs) were priced

Sir Isaac Newton: Brilliant Physicist. Miserable Investor.

Sir Isaac Newton

At Holcombe Financial’s recent client learning event about “Behavioral Biases and Their Investment Limitations”, my favorite story was about Sir Isaac Newton’s early investment success and subsequent failure during the South Sea Bubble.  In 1720 Newton profited handsomely, earning £20,000 by the time he sold his shares (big bucks in those days).  Sounds like an expert

What I learned losing ONE MILLION dollars?

“Experience is the worst teacher.  It gives the test before giving the lesson.”  Unknown The book “What I learned losing one million dollars” by Brendan Moynihan should be required reading for every investor.  The book shares the story of legendary trader, Jim Paul, then President of the Chicago Mercantile Exchange, who was unceremoniously removed after

Can Money Buy Happiness?

Yes, but not in the ways that most people think. When someone experiences a liquidity event, it is often accompanied with visions of a new home, new car, redecorating the house, a new pool in the backyard, or paying off debt. Whether it’s an entrepreneur or inner-city athlete signing his first NFL contract, there is

4 tips to survive divorce as an entrepreneur

Corrected as of May 11, 2015. Original draft blog was inadvertently published April 29, 2015. Divorce is never easy and always painful. But as an entrepreneur divorce can put your business in serious jeopardy. There is no magic bullet; and the process is going to awful if both parties are not amicable, especially if kids

Big Data Must Die

On our annual ski trip, we decided to ride the California Zephyr, which cuts an unimaginable path through the Rockies.  We arrived at the terminal in Denver at 7 am to check our bags and were greeted with something that looked like it came off the set of Indiana Jones.  The luggage cart with steel

Never A Good Time To Invest

The last five years have been nothing more than spectacular for those that endured the stock market collapse of 2008-09.  Now we find ourselves six years post crash, market performance is at record highs and the rumblings of fear have returned. The chart below tracks the MSCI World Index along with select Time magazine headlines

How many millionaires in Georgia?

The list below (Source: WSJ / Phoenix Marketing International) shows the number of households with at least $1 million to invest per state.  According to the table there are 163,144 millionaires in Georgia, which is down some 7,000 millionaires from 2012. How could we lose 7,000 millionaires when 2013 was clearly a winner for the