When discussing diversifying your portfolio for a business succession plan, BE CAREFUL. Here's a true story that just happened to me. In reviewing a clients' portfolio he said, "Look. I have Microsoft, Apple, Google and GE. I'm diversified". Well...
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Initial Key Tips on Investing
When I started my company some thirty years ago, I was fortunate to have a seasoned mentor 'show me the ropes'. The advice he gave me those thirty years ago, still hold true. There are four (4) basic truths. ...
I Do Not Want Any Risk On My Investments
Frequently clients tell me when investing for their business succession plan, I do not want to take any risk. I always respond with another question. "Where will you invest then?" Most people will say, "In the bank where my money is...
A Trust You Can Not Change
Recently we've been discussing how TRUSTS can be used to develop a Business Succession plan. We noted that a technique often used is a Revocable Trust. Here the word revocable is key. This means that you can change, alter and...