Scott Oeth, CFP Financial Planning-Investment Management

01/20/2024

I had a great time talking about my business and career path with Caleb Brown, MBA, CFP® on the New Planner Recruiting, LLC podcast!

[A tidbit for those in the financial planning industry, Caleb and I met at what I believe was the second FPA NexGen conference in 2007 at St. John's University. Many of today's industry leaders were at that modestly sized gathering. That was also the first time Caleb and I were in a canoe together!]

Our conversation--

Scott Oeth talks about his journey to becoming a financial advisor, from his early days in banking, to opening his own RIA business, and all the bear markets in between. Scott also talks about how his approach to his outdoor adventure business, Bull Moose Patrol, parallels his approach to his financ

08/04/2023

What stories do you tell about money in your family?

“Creating and telling family stories give meaning to the experience of the family. We live our lives within the context of stories and understand reality through our self-narratives and family myths.”

— Charles Collier, "Wealth in Families"

More family financial talking points in the linked post below, as well as an article my grandfather wrote in the 50’s on the Wise Use of Credit!

04/01/2023

David Tomlinson and Dick Van DykeScene From Walt Disney's Mary Poppins

03/15/2023

A great read here!

03/02/2023

Unique Minneapolis home featured in the London based Financial Times.

The 1930s lakeside home with trademark curves, chrome railings and glass brick has been harmoniously extended and renovated

03/02/2023

5 initial good steps to take if you are facing, or dealing with a layoff.

02/28/2023

Top 5 Financial Planning Challenges Facing Corporate Executives-

Corporate executives are some of the most successful, intelligent, and goal-oriented people in today’s business world. When looking at their personal finances, however, deciphering options and making decisions about financial issues can still cause headaches.

My post in the links outlines five financial planning obstacles that many corporate executives face and some ideas on how to conquer them-

02/28/2023

As always, be vigilant. Important info from WSJ about iPhone thefts.

"Reece Thompson, an art director at a creative agency in Hiawatha, Iowa, was having a drink with his girlfriend while visiting downtown Minneapolis when his iPhone 12 Pro went missing from the bar. The next morning, when he tried to log into his Apple account from a different device, the account password had been changed. Thousands of dollars had been charged to his credit cards via Apple Pay and $1,500 was stolen from his Venmo account, he said."

The passcode that unlocks your phone can give thieves access to your money and data. “It’s like a treasure box.”

01/06/2023

It’s important to remember how good we have it today! 😆

01/04/2023

Stories of resourcefulness during lean times. Many related personal anecdotes in the comments.

While "looking up" financially can be inspiring and provide motivation, looking at those who have less, or generally back in history when most people had a much lower standard of living, can help cultivate a sense of gratitude.

Dust bowl life. c1933 When the flour companies learned that the poor in the dust bowl were sewing flour bags together to make dresses and other clothing for the children, they began selling their flour in different decorative bags with flowers and such things printed on them so that the “clothing” made would be a bit more attractive and fun. And the little girls really appreciated that. It’s the little things

12/31/2022

"On “Black Monday,” Oct 19, 1987, the Dow Jones Industrial Index crashed and lost 22.6% in ONE DAY!

Stocks had been soaring in early 1987. Concerns about federal debt levels, rising interest rates, a trade deficit, and tax law changes may have sparked the sell-off. Large and panicked mutual fund redemption requests, as well as “portfolio insurance”—an early computer-based trading algorithm that was intended to offer investors downside protection, but instead fed the 1987 fire by sending “sell” signals—are often cited as exacerbating the crash."

I take a look at investment wisdom being offered in the midst of a past crash by a couple of true legends; Sir John Templeton, and Louis Rukeyser!

Templeton is regarded as one of history's greatest investors, and as a vet of the 1929 stock market crash, was able to offer great perspective in the midst of the 1987 crash. The video linked in my blog post from the Louis Rukeyser show is fascinating for students of market and economic history!

*Full blog post in comments

12/31/2022

Perspective on technological progress-

These two photographs are separated by 66 years