LWM Blog

The 2021 NFL Draft is here.  The draft is a chance for teams to continue their offseason efforts to strengthen their rosters for the upcoming season.  For some teams, it’s a chance to rebuild and start fresh.  For others, it’s a chance to build on success from last year and become even better.

Investors have long heard the term “diversification” when it comes to building a successful portfolio.  It’s recommended to spread your money across different asset classes, factors, etc. to build a properly diversified and balanced portfolio.  Too much stock exposure and your investments could be too risky.  Too much bond exposure and your investments could be too conservative.  It’s a constant battle back and forth of finding the right mix, or the winning formula. [Read more…] about You’re on the Clock

If you follow me on Twitter, you already know that I’m a huge New York Mets fan.  Indulge me for a brief second:

Yesterday, the New York Mets made an absolute BLOCKBUSTER of a trade.  They acquired All-Star shortstop Francisco Lindor and starting pitcher Carlos Carrasco from the Cleveland Indians for a seemingly very small package in return.  As a Mets fan, this is a caliber of trade the team hasn’t made in over a decade and has only made a few times in franchise history.  Very exciting stuff! [Read more…] about Making Quiet Progress

I had a conversation with my dad (@TomMullooly) this morning, and he told me the very first word that I ever spoke was “more”.

It got me thinking about the word itself.  More.  One syllable, four letters, but so much is packed inside that word.

More is an inspiring, greedy, ambitious, destructive, challenging, nerve-wracking word.  More can be great.  More can also be terrible. [Read more…] about My First Word: More

Carl Richards, author of “The Behavior Gap” wrote:

“It turns out my job was not to find great investments, but to help create great investors.”

 The behavioral aspects of finance and investing are something Richards has done a wonderful job examining and passing along to advisors and investors. Managing cash flows, remaining steady with investments, and being mindful of spending are all areas that he’s focused on and helped investors with.  [Read more…] about Becoming a Great Investor

There seems to be a misconception that only people with a lot of assets need to have a will.  That is not true.  When you’re starting your financial career, as soon as you begin accumulating any type of assets, you should have a will made.  There may not be much to that will at first, but in the event something happens to you unexpectedly, your loved ones will thank you.

So now we all know that we ALL need a will. But did you know you have options when it comes to creating a will? The do-it-yourself route is definitely one option.  Finding an attorney to draw up your will is another.  If you think your will is pretty straightforward, it may be more appealing to take this task on yourself.  But is it worth it?  Let’s weigh the pros and cons, and look at the basics of a do-it-yourself will. [Read more…] about Is a Do-It-Yourself Will Acceptable?