The Lucid Investor Newsletter by Matt Magee at mForce Capital You might have seen this, but posts like this always catch my attention. Odell Beckham, the football player, is struggling with his finances even after making $100 million. The breakdown below is great. That $56 million is $11.2 million annually over 5 years. That is $933,333 monthly, after taxes. There is not a single person on this email or reading online who cannot make that work. Athletes and Assets does make a great...
18 days ago • 2 min read
The Lucid Investor Newsletter by Matt Magee at mForce Capital For those paying attention this morning, yes, I did change the name. Let me know if you love it or hate it. As I near the 20th one of these emails, I feel like I am finding my stride. I enjoy providing clarity around markets, the psychology of money, financial mistakes, life, and health. My goal here is to help provide clarity and simplicity in our lives through better decisions (usually financially but not always). If you know...
about 1 month ago • 1 min read
Paper Gains Newsletter by Matt Magee at mForce Capital For those of you who have not seen this. Kyle Busch, the NASCAR driver, got scammed through an expensive Indexed Universal Life policy. As financial advisors, we see these fairly often, depending on who you work with. While they can be highly effective tools for estate planning and retirement planning, they can be very costly if used incorrectly. I once saw a client buy into one of these policies that had no clear reason to have it. The...
about 2 months ago • 1 min read
Paper Gains Newsletter by Matt Magee at mForce Capital The above Tweet made me laugh. The topic I want to explore this week is rental properties. This is a question we get asked about probably monthly. It usually starts like this. I am a high-income earner or business owner. I am thinking about putting money into a rental property to reduce my taxes and diversify. The above Tweet is an entertaining example of what could go wrong. The more likely scenario here in Texas. Between property taxes,...
2 months ago • 2 min read
Paper Gains Newsletter by Matt Magee at mForce Capital Charlie Munger offered timeless wisdom about money and life. One quote stands out to me because it reflects what I help clients achieve. Financial success takes many forms. For some, it means staying with a company for years. The goal is to use money as a tool for freedom to build the life you want. MJ’s tweet captures this same idea through a simple image of her on a mountain. Freedom begins when you can spend your weekends there. The...
2 months ago • 2 min read
Paper Gains Newsletter by Matt Magee at mForce Capital Don't let the large numbers fool you. What Larry Ellison is doing, borrowing against the value of his public securities, can be done by anyone with a taxable account. Say you have a $2 million taxable brokerage account and want to build a new house. You can borrow against the value of your account and pay yourself back over time. Allowing you to stay put in your current home until the new house is complete. This does come with risk and...
3 months ago • 1 min read
Paper Gains Newsletter by Matt Magee at mForce Capital I need to meet Kevin one day. I utilize his material often and agree with his philosophy of life. Great reminders for us all, especially those on the climb. This WSJ headline caught my attention. The whole rent vs buy argument gets a lot of headlines. FOMO buying your most expensive asset is usually never a good idea. The article outlines many of the reasons renting is so appealing to so many. I have even started to see more 50+ empty...
3 months ago • 1 min read
Paper Gains Newsletter by Matt Magee at mForce Capital It's football season, so expect a lot of sports-related content in the next few months. As a financial planner, seeing posts like this screams poor financial management. If you are a high earner and don't feel like you're getting ahead, don't hesitate to reach out. It's likely time to take a closer look at what is going on. Also, don't feel bad for Cam. He just signed a new deal with ESPN recently. Paper Gains Show If you have between $1...
4 months ago • 1 min read
Paper Gains Newsletter by Matt Magee at mForce Capital This Tweet went viral recently and does such a great job explaining markets and investing. Not many people have it in them to ride that rollercoaster. Of all the changes, going from $170k to $110 million would have been the most life-changing (in my humble opinion). Except, they did NOTHING. I could talk about this for hours, but a few things jump out to me. The size of a position matters a lot, especially in volatile markets. Having...
4 months ago • 2 min read