Joe Boughan
@Joetalksfinance
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Parkmount Financial Partners. Financial Planner. Fiduciary. Building a boutique wealth management practice serving corporate employees.
South Shore, MA
Joined February 2021
My beliefs: Thrift, hardwork, &patience is the source of all wealth Owning a stock, you own a company. The returns equal performance of the firm, over time Humans are challenged in making rational choices with their finances because the best thing is usually uncomfortable
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Wisdom is conditioning your conditioning Programming your mental software Everything is downstream from this one thing you have a high level of control over
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Check out the latest article in my newsletter: From a Financial Advisors Bookshelf: Year End Recap https://t.co/9offnaU6KE via @LinkedIn
linkedin.com
I love to deepen my knowledge of broader financial planning concepts through reading, and this past year offered some real gems. Below are three notable books that stood out, each delivering unique...
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Did you know the word 'millionaire' is rated as one of the best associated meanings? It is up there with other emotional words such as 'baby' and 'free'
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Are stocks too risky? Do I have enough stocks in my portfolio? These are all great questions that I aim to address in our latest blog article. Learn more! https://t.co/R81tBwS5IQ
#newblogpost
parkmountfinancial.com
How much stocks should I have in my portfolio? The age-old question for investors.It's a pretty significant decision as much as 90% of your rate of return as an investor is determined by how much...
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Check out the latest article in my newsletter: Is the Market Heading for a 1929-Style Crash? https://t.co/MWuNh7qNCQ via @LinkedIn
linkedin.com
The idea of a looming market crash as catastrophic as the Great Depression gets thrown around every now and then—whether it’s dramatic headlines on Twitter, random CNBC pundits, or a sensation...
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I loved "Zen and The Art of Motorcycle Maintenance" The main takeaway for me is that everything is done with "quality" or the absecence of quality Spirituality is your ability to inject quality int o anything with your attention and presence So, anything IE motorcycle
This book has incredibly profound insights. Thread with some extracts that could change your life:
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By now, global extreme poverty has returned to pre-pandemic levels. However, low- and lower-middle-income countries have been less resilient https://t.co/HYUaK1ZOfb via @worldbankdata
blogs.worldbank.org
The World Bank’s Poverty and Inequality Platform (PIP) released updated global poverty estimates. By now, global extreme poverty has returned to pre-pandemic levels. However, low- and lower-middle-...
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Have been thinking about self talk lately Saw a Mel Robbins Podcast where guest was claiming "everyone" has negative self talk I think it is possible to have a mind programmed to be more critically functional in work and at home I think a powerful tool, maybe the most
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This is not surprising. Holding a long time is not always the right thing, but this trend towards short term holdings cannot be good as most investors do NOT have the technical ability and time to get in and out and Consistently do well
The average holding period has declined from 8 Years to just 5 Months!
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If you are neglecting important parts of your health to save a little extra, you are definitely doing it wrong
I've watched a lot of people save up millions for retirement only to have poor health stop them from enjoying any of it. One of the absolute best things you can do in all of personal finance is take care of yourself. Health is literally wealth.
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This is not a wise financial decision! Athletes need to save and invest at least 70% of their income as the future career and contracts may be uncertain Most advisors to these people are yes men afraid to tell them what they don't want to hear
Caleb Williams just bought a new $13M home See what it looks like inside the new Chicago Bears quarterback crib (thread):
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As an advisor over the years I can see how most divorce situations involve lawyers. It is possible for two adults to be mature and sort out a fair outcome in most situations. Both will likely be better off than adding lawyers and litigation. Everyone is different, but this is
As a divorce attorney, it pains me to say this, but Divorce is mostly a scam for lawyers The smart move is to admit it’s over, sort your stuff, agree to a reasonable parenting schedule I can barely do anything in a case for under $5k, and that’s just my side Occasionally
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Is this even true that she said this? Hot take...and not 100% wrong on a micro level Everyone should be aware of how risky credit could be to their financial future
Hawk Tuah recently went viral for her rant on irresponsible homebuyers being responsible for the global financial crisis. “The 2007 global financial crisis was caused by the American people, not the big banks. Those that took out mortgages they shouldn’t have are to blame.”
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You do not have to spend a ton of $$ to romanticize your life!
Cheap activities/hobbies can make it easy to save money. Here are 10 of my favorites (not in order): 1. Pickleball 2. Dog parks 3. Nature walks 4. Board games 5. Rollerblading 6. Playing with my kid 7. Watching a mini series 8. Meal-planning/prepping 9. Reading about topics of
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I firmly believe society is trending on a miraculous pace towards greater shared prosperity There is certainly a lot of frustration on the way with inequality and very real obstacles we face But I do believe if we continue on, in the spirit of enterprise and innovation, the
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When people portray financial decisions as complex as rent vs buy a home is a black and white decision, they are probably trying to sell themselves by being different, vs be a fair and balanced source of info
Every dollar I spend on groceries, I save money on eating out: uncontroversial Every dollar I spend on making my own coffee, I save money on buying coffee at a coffee shop: uncontroversial Every dollar I spend on rent, I save money on homeownership: people lose their minds
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We live in a world where the problem is overabundance of information The fiduciary financial advisor needs to help people sort through what information is good vs what is bad info Vs just provide information
In the past week on social media, I have learned that: - 401(k)s are a scam - Emergency funds are a waste - that anyone can trade options and earn - Everyone need permanent life insurance - That using leverage in investing is the move Be careful who you are listening to
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