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#Issue: #163 | October 2025 |
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“Being free from worry about financial things is a real blessing. Of course, you don't need a billion to get to that point.
Study after study shows that making more will increase your happiness about up to the point where you can stop worrying about covering essentials and absorb the shocks and setbacks life inevitably throws your way. After that, having strong relationships and more time are greater predictors of well being.”
―Bill Gates
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Buying and selling a famous sports team gets all the attention, but simply investing in the average of the top 500 American companies would have resulted in higher returns - without any work or stress.
We, of course, wouldn't invest in the S&P 500 since it is just an index (by definition "average"), but instead the American Funds Growth Portfolio, for example. |
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MICHAEL'S ARTICLE OF THE MONTH |
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A question I get occasionally is,
"What about investing in real estate?"
It's a valid question so let's compare real estate to investing in a broadly-diversified collection of the world's great, publicly-traded companies.
Read my article to find out more. |
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Are They Companies or Stocks? |
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In this month’s edition Nick posits a thought experiment in which he lists ten great companies hat his family patronizes all but daily. He then asks whether, if their stock prices went down by half, he would cut back on – or even cease – his patronage of these great companies.
This serves as the ultimate real-world differentiation between companies and stocks. |
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The Wisdom of Great Investors
A compilation of quotes and essays of history's finest investors. Our entire investment philosophy is expressed in these few pages.
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From oil sands to OPEC
A disciplined approach to energy investing |
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Youtube - Sep 10, 2025 - 32 minutes |
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Andrea Montero, an investment professional and energy sector specialist at Capital Group, joins Mike Gitlin to discuss the complexities of investing in oil and gas.
From boots-on-the-ground research in the Canadian oil sands to navigating geopolitical shocks and policy shifts, Andrea shares how she applies a process-driven, principles-based approach to the energy trilemma: balancing security, affordability and sustainability. |
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Massive investments in robots are bringing technologies once considered science fiction into the real world. Equity analyst Mihir Mehta explores the convergence of robotics with artificial intelligence and explains why companies are investing heavily in automation and humanoid robots.
He tackles big questions about the future of work and what this new age of robots could mean for society, businesses and the global economy. |
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What is a Roth Conversion? (backdoor Roth) |
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- Converts any amount of a of Traditional IRA (TIRA) to a Roth IRA.
- Converts any amount of Roth to TIRA.
- Converts Roth/TIRA to another owner.
- Converts Roth/TIRA to a 401k.
- Converts Roth/TIRA to NQ account.
- Converts a NQ to a Roth IRA.
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Answer = #1. Converts any amount of a of Traditional IRA (TIRA) to a Roth IRA.
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MONEY MEMES AND A LITTLE HUMOR |
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With over 36 years in the industry, I’ve cultivated a broad network of professionals. If you need guidance on estate planning, taxes, bookkeeping, mortgages, real estate, reverse mortgages, notary services, health or car insurance, or even traffic violations, I'd be happy to introduce you to an expert.
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Michael Paulding Thomas
Financial Advisor, Registered Representative, Securities Principal. Series 6, 26, 63, 65, Life
Since 1989 I’ve been helping families make smart choices about building a guaranteed income during retirement.
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Retirement Planning • IRAs • 401k's • Rollovers • Mutual Funds • Variable Annuities • College Planning • Term Life Insurance • Living Trusts |
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