The Accidental Investor Blog

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The Return of Leverage

Written by Kevin S. McGrew on .

Today’s blog is about leverage. When I say leverage, I use the long e sound for the first e in the word as I think it is humorous, although few others share that opinion. I heard this particular pronunciation of the word years back, in 1988, in the animated show “The Completely Mental Misadventures of Ed Grimley”, inspired by the character created by Martin Short. Unfortunately, the show lasted only one season, which I am sure haunts Mr. Short today. Now that we have gone completely off-topic, let’s talk about leverage.

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The Under-Saved Workforce

Written by Chris Wurst on .

We tend to spend a lot of our time as advisors helping our clients answer a pretty simple question about their retirement: will I have enough money to last? The answer, unfortunately, is often very complex. An important starting point, to be sure, is how much money is saved during working years. It is in answering this question and thinking about the importance of retirement savings, that we often turn our attention to large-scale trends in the population, looking at how much the average American couple has saved for retirement. Unfortunately, the results are often grim.

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The Concepts of Work, Retirement and Leisure Time

Written by Kevin S. McGrew on .

In some of our recent communication with clients, we have been discussion the growing trend of automation in many industries, and how it is affecting jobs throughout the country. In fact, automation has led to the loss of more jobs than has outsourcing those jobs overseas.  The potential of autonomous trucks and cars threatens up to 4 million jobs, possibly in the very near future.  This will be the result of automation, not outsourcing.  Many of the people who have been displaced over the years by automation are angry because they no longer have an income, and many are upset not only because they can no longer work, but also because they feel that they have lost a part of their identity.

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The Pension Crisis of the Next Decade

Written by Kevin S. McGrew on .

Over the last few months, in our semi-monthly Friday e-mails to clients, we have discussed the problem with pension plans no less than six times.  Some of the people I follow on Twitter have also been discussing pension plans recently.  (I am not saying I started this trend.) The following three articles are an apt representation of the challenges currently faced by pension plans:

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Talking About a Hundred Dollars

Written by Chris Wurst on .

In a September 25, 2000 skit on Saturday Night Live, Will Ferrell portrays a character named Rich Preylant who is competing on the game show Who Wants to Be a Millionaire. Rather than attempting to answer further questions, Rich stops playing after winning $100, wanting to return to his hometown and plan his family’s future.  (The skit itself is rather short, so if you have a spare 2:40, you can watch it here.) Upon hearing Rich’s plans for his winnings, Regis is, of course, incredulous. “You are aware we’re talking about a hundred dollars,” he admonishes. Unfortunately, Rich is undeterred.