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16 Jan 2014 Does Monte Carlo-Based Financial Planning Really Work? Part 2

Posted at 20:40h in Briefs about our Process, The Friday Brief by Sam Bass Jr.

Last week we looked at Monte Carlo as part of our larger planning process. This week we'll zero-in on probability analysis, known as Monte Carlo specifically to explain how it works and more importantly, why you should care. Whether you are technical or very non-technical, this Brief is for you. Monte Carlo (MC)...

10 Jan 2014 Does Monte Carlo-Based Financial Planning Really Work?

Posted at 14:45h in Briefs about our Process, The Friday Brief by Sam Bass Jr.

A few days ago after wrapping up a productive planning meeting, my client asked me a question in total earnest. He had come to our meeting with concerns that new information he brought would wreck his plan. We made the changes he needed to make and we reviewed...

27 Dec 2013 How to Make Better Resolutions

Posted at 12:15h in The Friday Brief by Sam Bass Jr.

Here we are once again – 'out with the old and in with the new.' We know it as a time when the gyms, sidewalks, and trails fill beyond capacity with eager new exercisers, walkers, and cyclists. Sales of tobacco, liquor, and wine plummet. Our tables are crowded with fruits and vegetables and the fatty meats and sugary desserts have become scarce.

20 Dec 2013 Some Good News This Week

Posted at 15:23h in The Friday Brief by Sam Bass Jr.

With their third swing at the plate the Commerce Department has increased their estimate of third quarter economic growth from 3.6 to 4.1%. The new estimate showed the gross domestic product, the broadest measure of all goods and services produced in the economy, expanding at the fastest pace since the fourth quarter of 2011 and the second-fastest since the recovery began in mid-2009, according to the WSJ.