Charles Kafoglis leads our Hillfolio segment and produced a stellar educational resource recently titled “The Greatest Double“.  Many clients connected with the message of the importance of time to the patient investor. Charles is back with a new gem called “The Path to Greater Returns”, a compelling story that extends our understanding beyond time and seeks to prove that your investment rate of return is just as important.

If you find these videos valuable, please let us know. Feel free to share this email and video with a colleague, friend, or serious saver.

You can contact us directly at Charles@HillInvestmentGroup.com or 314-448-4023 if you want to talk about your plan in more detail.

https://youtu.be/VAfGa5fsOm4

Whether you’re a client, friend, fellow advisor, or future client, if you’ve followed our thinking for more than a few months, you already know that we have a timeless investment philosophy: own global capitalism in a highly diversified (thousands of stocks), low-cost, tax-efficient manner rather than trying to select individual stocks or managers. Hill and our clients are investors. Jim Cramer and stock pickers are gamblers. A corollary is: remain invested all the time…good times and bad; don’t try to time the market. This brief and hilarious John Oliver video highlights the poster child of stock picking, CNBC’s Jim Cramer, and some of his “amazing” stock picks along with their results.

Let’s talk if you’re an investor and not yet a client!

“Rick, what are some interesting activities that others are doing that bring joy to their lives?” This is a question that many of my older clients often ask me. I suggest family vacations, volunteering at a charity, and being with your grandkids.

I would now like to recommend something that was never on my bucket list until COVID forced me to spend more time indoors – writing a book about my life!

This process started when my son gave me a Christmas gift in December 2021 called StoryWorth, a website that simplifies writing and publishing a book. Every week for 52 weeks, I received an email with a question. I then would answer that question. I could also eliminate their suggested questions and ask ones I felt were more relevant to me.

Below are some questions asked by StoryWorth:

–  Tell me about your parents and grandparents.

–  How is life different today compared to when you were a child?

–  How did you meet your wife?

–  What advice would you give to your children and grandchildren?

I added some of my own questions, such as:

–  Why was a trip to Russia on your bucket list?

–  What factors do you feel attributed to your long, continued marriage?

–  What is one of the scariest situations you’ve faced in your life?

You can add pictures throughout the stories. This motivated me to go through stacks of old photo albums, many of which were in black and white, of my parents, grandparents, and my younger self.

 My wife and two children were my editors. They added additional information and accuracy to my stories and added more pictures. The book is now 307 pages and includes many priceless photos.

Challenges of my experience:

• Takes time, especially for me, because I tend to write in bullet points, not paragraphs. However, there is no deadline to complete the book…it took me 18 months. The support group at StoryWorth was very helpful in answering my questions.

Benefits of writing a book:

• My grandkids and future generations will know more about my life stories, including several stories that were new to my wife and children,
• The book contains the “greatest hits” pictures rather than losing them somewhere in the basement or on someone’s iPhone,
• Immense personal satisfaction from having written a book.

My takeaway:

I wish my parents and grandparents had written a book about their lives and advice for me and future generations. Now, with current technology, writing a book is much easier. Being older is an opportune time to tell one’s life stories while we still remember them. This is also a perfect gift for parents and grandparents. If you want information on writing a book using StoryWorth, I would be glad to talk with you!