Stakeholding: Investing For Your Long-Term Success!

With your spending and debt planned and under control you should start to see money left over to finance your longer-term goals.  And I believe there are only a couple of ways to do this: put the money into a savings account, or start to invest it. This upcoming series will focus on investing, and we’ll talk about savings in the future. Savings (versus investing) are super important. But they’re not going to build long-term wealth for you. Want more info on this? Contact me here and let’s discuss the rule of 72 (I’m sure you can’t wait to email me on this!).

A Word On “Stakeholding”

Why the focus on Investing? In 1999 I was sitting on a beach reading a book called The Stakeholder Society  by Bruce Ackerman and Anne Alstott. In this book the authors argue that every American should be given a “stake” at birth of $80,000. This would have a bunch of advantages (and challenges), but the idea is to give every American a stake in the country. It was a big idea and for better or worse it hasn’t been implemented.

But this book changed my life. For the last nearly 20 years (which is a pathetically long time) I’ve been thinking of ways we can use the resources that are already available to us to create our own stake in America.


Stakeholder Society book cover

The Stakeholder Society


In my mind this means investing. Which leads to a problem.

If you’re wealthy, chances are that you either: have a good knowledge of investing, you “have people” that you employ who have that knowledge, or you pay an outside company for their investing expertise to manage your money. But what about the rest of us? As I’ve written here, the reality is if you don’t have a lot of investable money, it’s difficult to get investment advice or investment management that’s enthusiastic about working with you. Which leaves you pretty much flying blind about how to confidently manage your investments, especially if you have access to a retirement plan through work.

It’s my goal to change that.  I don’t sell any investment products. What I do have is over 35 years of investing experience, which through this blog and through my financial education and coaching practice I share with you so that you can have the knowledge to confidently manage your own investments.

But Investing Is So Complicated. Isn’t it?

The people who make their living selling “stuff” on Wall Street have an interest in making things seem complicated. In the end, I believe you can have an effective investment portfolio with only four mutual funds, which I’ll call the Magic Four. And depending on what you might have available from a workplace retirement plan and the amount of work you want to put into your investments, you might be able to get away with only one or two mutual funds.

Ready to hear these Magic Four funds? Not so fast my friend!

Because paraphrasing the great financial author William J. Bernstein, having to manage your portfolio without adequate background is like having fly a plane without any training. So, we’re going to do some training!

Will I get to the Magic Four investments? You bet!

And please don’t get me wrong: in the past I’ve made a lot of mistakes and it took a long time to refine my investment strategy. But I’ve learned from those mistakes, and built a solid investment portfolio using proven, time-tested methods.

I strongly believe that achieving this stake in America is possible and within your reach. I’m deeply honored for this chance to help you learn ways that you can use the resources available to you to get there.

Please join me next week when we’ll start to discuss the basics of investment types. I’d be honored if you continue on this journey with me, and thanks SO MUCH for joining me this week. I truly appreciate it.

If you have questions or just want to chat, please schedule a 30-minute free consultation by clicking here or by visiting .