FIEGI (Finances, Investments, and Extremely Good Insight) Report – June 23, 2022

Ryan Fiegi Investments Leave a Comment

Good morning, all. We have a time-tested article to share today with everyone; all the way back from 2016. Can you spot the similarities between then and now? Enjoy!

Why Investors Should HOPE the Market Goes Down (5-minute article)

Conclusion: Most investors get concerned when the market declines due to 2 reasons:

  1. Misunderstanding what they own
  2. Misunderstanding the end goal of their plan

When you understand that you haven’t actually lost anything when the market declines (you still own the same number of shares in real companies that you owned yesterday) and you understand that your end goal is to NEVER sell your stocks but to live off the income from those stocks long term; the answer becomes clear: Bring on a market downturn! Let’s buy ownership in the best companies in the world on sale!

 

Monthly Quote:

“If you remain calm in the midst of great chaos, it is the surest guarantee that it will eventually subside.”

-Julie Andrews (Actor, Singer, Writer)

 

 

 

Ryan FiegiFIEGI (Finances, Investments, and Extremely Good Insight) Report – June 23, 2022

FIEGI (Finances, Investments, and Extremely Good Insight) Report – June 14, 2022

Ryan Fiegi Investments Leave a Comment

Hello everyone! We are excited to share another iteration of the FIEGI Report. We’re going back to the inflation well for this week’s video. Remember, don’t worry if you haven’t read previous articles; there’s no better time than now to start. Enjoy!

The Impact of Inflation (2:34 minute video)

Conclusion: If your goal is to maintain your standard of living through your entire life, and not run out of money (P.S. this should be our main goal); then stocks still present the best hedge against inflation.

 

Monthly Quote:

“The best protection against inflation is your own earning power. If you’re the best Teacher, Surgeon, Lawyer, you will command a given part of other people’s production of goods and services. You will get your share of the national economic pie, regardless of the value of the currency measured against an earlier standard”

-Warren Buffett

Ryan FiegiFIEGI (Finances, Investments, and Extremely Good Insight) Report – June 14, 2022

FIEGI (Finances, Investments, and Extremely Good Insight) Report – May 26, 2022

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Welcome! We’ll keep the introduction short today. We have so much “insight” to provide, we’re going with two pieces this week. Enjoy!

Market Behavior and the Weather (Video – 1:49)

Worried About Stocks?  (Article – 4 minute read)

Conclusion: Both pieces of “insight” are a reminder that we’re investing for the long-term. We don’t move to a different state every time there is a thunderstorm or a week of bad weather. Just like we’re not going to get out of the markets because of a few uncertain headlines. Instead, we’ll continue to invest in human ingenuity and the incredible innovations that have yet to be discovered.

 

Monthly Quote:

“Who indeed will set bounds to human ingenuity? Who will assert that everything in the universe capable of being perceived is already discovered and known?”

-Galileo

Ryan FiegiFIEGI (Finances, Investments, and Extremely Good Insight) Report – May 26, 2022

The FIEGI (Finances, Investments, and Extremely Good Insight) Report – May 12, 2022

Ryan Fiegi General, Investments Leave a Comment

Hello everyone! If this is your first FIEGI Report, welcome. If you’ve been receiving the email notification of a new Report and haven’t been watching or reading, there’s no better time than now to start. If you’ve been spending 5 minutes every other week becoming more insightful about finances and investments, great job! Let’s keep it going:

360 Insights Spring 2022

Summary: There are 3 articles included in the link above. Feel free to read one, two, or all three. You’ll be better off for it.

  1. Investing Through Emotions
  2. Geopolitical Risk & Your Portfolio
  3. 7 Tips to Control Identity Theft

Conclusions:

  1. The start of 2022 reminds us all how much uncertainty can fill the world. The perceived lack of control can lead to feelings of anxiety and stress. One of the best coping techniques is to focus on what we can control.
  2. Geopolitical risk is one of the risks that comes with investing. One of the best ways to manage it, is to make sure our investments are properly diversified.
  3. Read the list and take the steps.

 

Monthly Quote:

I believe that man will not merely endure – he will prevail. He is immortal, not because he alone among creatures has an inexhaustible voice, but because he has a soul, a spirit capable of compassion and sacrifice and endurance.

-William Faulkner

Ryan FiegiThe FIEGI (Finances, Investments, and Extremely Good Insight) Report – May 12, 2022

The FIEGI (Finances, Investments, and Extremely Good Insight) Report – April 28, 2022

Ryan Fiegi Investments Leave a Comment

“Wow, two FIEGI reports in two weeks, thank you PFG!” That’s what I’m assuming everyone reading this will be thinking to themselves. We’re also back with a new acronym for The FIEGI Report (Finances, Investments, and Extremely Good Insight). We hope you all enjoy:

What Happens to $1 Over Time

I believe the summary and conclusion for the 3-minute video above are self-evident. Just remember, when you think or hear someone say, “this time it’s different,” it’s most likely not that different.

 

Monthly Quote:

“History provides a crucial insight regarding market crises: they are inevitable, painful, and ultimately surmountable.”

Shelby M.C. Davis

Ryan FiegiThe FIEGI (Finances, Investments, and Extremely Good Insight) Report – April 28, 2022

The Fiegi Report – April 21, 2022

Ryan Fiegi Financial Planning, Investments Leave a Comment

You made it! Everyone reading this has either filed their taxes or filed for an extension. Right? If you’re a PFG client, the answer is: Yes. If you have not, stop reading now and go get it done. For all of you that have, we’ve got an older – but always relevant – Report for you:

Should I Invest In…?

Summary: The above article should take you about 7 minutes to read; however, once you’re done, spend an additional 7 minutes and read it again. The advice could save you hundreds of thousands of dollars and countless days, weeks, years of your life.

Conclusion: The answer to your question, “Should I invest in       (fill in the blank)      …,” is: NO! Do not invest in your cousin’s boyfriend’s hot tip. Do not invest in some revolutionary iPhone App. Do not invest in a non-productive speculative asset (I’m looking at you crypto). Do not invest in standalone real estate. (Yes, we said it. Practice building excluded. The article will explain).

Instead come up with an investment philosophy and set of principles that will guide your decisions, and then stay the course:

  • Is the investment a productive public company that is innovating and creating new goods & services for a profit?
  • Has the investment been time-tested with academic research?
  • Is it highly diversified?
  • Are there safeguards in place? (i.e., who is holding the investment, are there audited financial statements)
  • Will this investment require more time & effort on my part as a side job?

If, after all of this, you still want to make that special investment; we’d suggest using only as much money as you’d be willing to lose betting on “Red” or “Black.”

 

Monthly Quote:

“The most important quality for an investor is temperament, not intellect”

-Warren Buffett

Ryan FiegiThe Fiegi Report – April 21, 2022

The Fiegi Report – March 24, 2022

Ryan Fiegi Investments Leave a Comment

Happy Tax Season everyone! Only 25 days left to file your returns… but who’s counting. Here is this week’s Report:

Summary: The short (1:32 minute) video above is from an interview with John Bogle. For those that don’t know, John Bogle was the founder of Vanguard and helped pioneer the philosophy of passive, long-term, low-cost investing.

Conclusion: John’s advice seems easy:

  1. Setup an asset allocation that works for you
  2. Diversify your portfolio
  3. Stay the course, and don’t “peek” at your statements (i.e., pay no attention to what goes on around you)

However, these 3 principles are virtually impossible for the majority of investors to achieve. There is countless evidence that supports the idea that most investors underperform their ability. Why? It’s human nature to try and “pick the winners” and to “peek” at your investments. Don’t be most investors and make bad decisions based on the results you see on your statements. Let PFG help guide your behavior. We’ll stop you from changing course depending on which way the wind is blowing that day. We’ll even help find the cardiologist to be in the room with you when you finally “peek!” 🙂

 

Monthly Quote:

“Don’t look for the needle in the haystack. Just buy the haystack!”

-John Bogle

Ryan FiegiThe Fiegi Report – March 24, 2022

The Fiegi Report – March 10, 2022

Ryan Fiegi Investments Leave a Comment

Welcome to the latest version of The Fiegi Report. If you’ve missed out on any of our previous entries, you can always go back and view them on our website here. With that, we’ll get to this week’s Report.

The Power of the Markets

Summary: The above link is a 2-minute video reminding and summarizing the basics of the markets and how they work.

Conclusion: Harness the power and knowledge of the millions of people investing in the markets every day; instead of adding unnecessary anxiety and risk trying to outguess them.

 

Monthly Quote:

“Someone is sitting in the shade today, because someone planted a tree a long time ago.”

-Warren Buffett

Ryan FiegiThe Fiegi Report – March 10, 2022

The Fiegi Report – February 24, 2022

Ryan Fiegi General, Investments Leave a Comment

We will keep the introduction to this week’s article short and sweet. Enjoy!

The Seven Habits That Lead to Happiness in Old Age

Summary: The article above should take you about 7-8 minutes to read – it is a must!  It describes seven non-financial habits that you can, and should, implement now to be happier later in life.

Conclusion: “Your well-being is like a retirement account: the sooner you invest, the greater your returns will be.”

 

Monthly Quote:

“We’re too young until we’re too old

We’re all lost on the yellow brick road

We climb the ladder, but the ladder just grows

We’re born, we work, we die, it’s spiritual

Enough is never enough

American dream never wakes up

Too much is never too much

We won’t be happy ’til we’re rich and miserable”

-Kenny Chesney (from his song “Rich and Miserable”)

Ryan FiegiThe Fiegi Report – February 24, 2022

Admired Leadership Field Notes

Nate Williams Leadership 1 Comment

Hello friends,

For a few years I’ve been trying to learn and grow as a leader under the tutelage of Admired Leadership. One thing I’ll say I’ve learned about leadership is this: leadership is much more about character and behavior than position or rank. Throughout my life I have seen great leadership from insignificant, undecorated people. I have also seen formal “leaders” (people with position) perform abysmally as a leader (I have been one of those on many occasions).

I have also learned that leadership is pervasive and needed EVERYWHERE! At home, school, church, work, among friends, and in our communities. Leadership applies to large groups as well as to individual, one-on-one relationships.

In my work coaching many people to achieve financial excellence I have learned, through much observation, that a huge differentiating factor in financial success is the ability to lead people. Without question, from a financial perspective, very few investments of time and energy will pay dividends like that of the effort to learn to become a better leader—and it is a skill that can be learned and improved. More importantly, I don’t know of much else that will help you make a meaningful, lasting impact for good in this world than through your influence as a leader. I deeply and sincerely commend this endeavor to you—learn and strive to become a better leader.

Practical tip: a few weeks ago I subscribed to the “Field Notes” offered by Admired Leadership. These Field Notes are written personally by Randall Stutman, one of the most renowned and respected teachers (and leaders) on the topic of leadership. These Field Notes are emailed daily; I have gleaned many great and practical insights from them and I look forward to reading them each day.

You can sign up for the Field Notes for free here: https://admiredleadership.com/field-notes/.

I’ve included below one of the recent Field Notes that I found particularly helpful:

How Can I Do Better?

Seeking feedback immediately after a performance is never easy for even the most seasoned leaders and performers. But you never know what people are thinking unless you ask them. Dodging this feedback by presuming others would tell you if there was something you needed to know means missing valuable information that could make you better. The best leaders push through the discomfort and ask others how they did after each and every performance. 

In her best-selling book about women in the workplace, Facebook COO Sheryl Sandberg recounts the time she was interviewed by legendary broadcaster Tom Brokaw. Because she thought her performance in the interview was below her standards, she asked Brokaw for feedback. Brokaw was stunned. He told her that, in a lifetime of interviews, she was only the second person to ask him for feedback. How can this be? Is feedback so scary that only the most self-secure and humble leaders ask for it?

The relationship between leaders who ask for feedback and leadership effectiveness is extraordinarily high. Requesting feedback may be the single most important thing a leader can do to improve their performance and gain the trust of their followers. Not only does asking for feedback increase mutual respect, it creates a forum for true dialogue, one where leaders can learn how others see them and make sense of their choices. 

For leaders with an intense desire to improve and a commitment to a growth mindset, asking for feedback after a performance is the critical pathway to learning. Given the essential role leaders play on a team, leaders actually need the most feedback, but they rarely get it. We don’t give feedback to leaders unless they ask for it. Even then, we are suspicious that the request is genuine!  We’ve rarely seen this before. 

Imagine a leader with enough self-confidence and the wherewithal to ask others for feedback. Asking for feedback is a leadership act and one that others reward with ideas, insight, and loyalty. Stand out from the leadership pack and try it. “How can I do better?” is a natural question for the best among us to ask after any performance. Time to join the club.

Nate WilliamsAdmired Leadership Field Notes