Buchanan Capital Management, LLC

05/04/2020

Why An Emergency Fund Is Important

Please, don't overlook this!

We advise all of our clients to hold enough money to cover 3 or 6 months of their non-discretionary expenses in an emergency fund, depending on if they are a single or dual income family.

https://www.investopedia.com/financial-edge/0812/why-an-emergency-fund-is-important.aspx

Emergency funds are vital in case you lose your job or perhaps have an expensive medical emergency, but why do so few people have emergency funds?

03/26/2020

Bringing this bear market into perspective:

The 2008 crash took 514 days peak to trough...

The corona-crash has taken 33 days, thus far...

If the bottom is in, that's about 15 times faster than our last crash

Invest thoughtfully my friends!

03/25/2020

Corona-crash hops two spots to #6 on the historical bear market list:

1. Great depression '29-'32: SP 500 fell 86.1%
2. Housing bubble '07-'09: SP 500 fell 56.4%
3. Dot-com bubble '00-'02: SP 500 fell 49.1%
4. Watergate/ oil embargo '73-'74: SP 500 fell 48.0%
5. November '68 to May '70: SP 500 fell 36.1%
6. Corona-crash Feb-Mar '20: SP 500 fell 34.1%
7. Black Monday crash Aug-Dec '87: SP 500 fell 33.5%
8. Post WWII crash '46-'49: SP 500 fell 29.6%
9. Cuban missile crisis '61-'62: SP 500 fell 28.0%
10. Fed hikes in Carter's term '80-'82: SP 500 fell 27.8%

Are we done falling, or more pain to come?

03/18/2020

The corona-crash just broke the top 10 list for worst bear markets in history today:

1. Great depression '29-'32: SP 500 fell 86.1%
2. Housing bubble '07-'09: SP 500 fell 56.4%
3. Dot-com bubble '00-'02: SP 500 fell 49.1%
4. Watergate/ oil embargo '73-'74: SP 500 fell 48.0%
5. November '68 to May '70: SP 500 fell 36.1%
6. Black Monday crash Aug-Dec '87: SP 500 fell 33.5%
7. Post WWII crash '46-'49: SP 500 fell 29.6%
8. Corona-crash Feb-Mar '20: SP 500 fell 29.3%
9. Cuban missile crisis '61-'62: SP 500 fell 28.0%
10. Fed hikes in Carter's term '80-'82: SP 500 fell 27.8%

Where do you think it will rank when it is all said and done?

03/16/2020

Buy When There's Blood In The Streets

Great wealth is built during times of panic. While others were selling, Baron Rothschild made a fortune buying during the panic that followed the Battle of Waterloo against Napoleon.

How will you capitalize on this opportunity?

Will you tighten up, and hold on until the dust settles? Will you sell for fear of losing more? Or will you bide your time and make great investments and deep discounts as the opportunity presents itself?

Not sure? Call or message us and we will help you emerge from this far stronger then you were before.

https://www.forbes.com/2009/02/23/contrarian-markets-boeing-personal-finance_investopedia.html

Market blood baths make most investors squirm. The best investors sprout fangs.

03/13/2020

"In the midst of chaos, there is also opportuntity."

- Sun Tzu

02/03/2020

We love supporting the Police Athletic League each year at OKC Fight Night.

For those of you who aren't familiar with PAL, take a minute and check out their website here:

https://www.okcpal.org/

01/31/2020

If you don’t control your money, it will control you

01/27/2020

Kobe Bryant and the Importance of Estate Planning

I am most saddened by the loss of Kobe Bryant and his beautiful daughter Gianna, along with the fellow passengers.

As a business professional, my #1 goal is to stay disciplined. Kobe exercised discipline at the highest level. I look up to him and his ability to keep working hard, despite the distractions and obstacles life threw his way.

Some celebrities sacrifice a work life balance to achieve success. Kobe didn't. It is obvious that Kobe put his family first, and surrounded them with love. He knew life is short, and that everyone should make the most of it.

He stood for love, dedication, and service. Love for his family and friends, dedication to mastering his craft, and service to his community. He was truly inspirational, and his legacy will continue to inspire for generations to come.

His passing also highlights the importance of estate planning. We never know what the future holds for us, so take the time to take care of your loved ones prior to any unforeseen catastrophic events.

https://www.wealthmanagement.com/high-net-worth/kobe-bryant-and-importance-estate-planning?NL=WM-07&Issue=WM-07_20200120_WM-07_87&sfvc4enews=42&cl=article_1&utm_rid=CPG09000012447039&utm_campaign=25004&utm_medium=email&elq2=37d4849d3b1a4066a6df37d8cca1ba99

Kobe Bryant made an estimated $680 million during his 20-year basketball career between endorsements and his actual salary.

12/19/2019

Pathway to Greatness

Thank you, Tim McLaughlin and everyone involved with Fields and Futures for all of the wonderful work that you do for Oklahoma’s youth. We are so grateful that you all are making such a thoughtful, and impactful investment in the future of our city. Sports force us to build character, overcome obstacles, and build confidence. These children will one day become the leaders of Oklahoma City because they developed the tools to succeed and lead on sports fields provided by Fields and Futures.

12/17/2019

12 most affordable housing markets for first-time homebuyers

One of the many reasons young families are putting down roots in the great state of Oklahoma.

https://www.financial-planning.com/list/12-most-affordable-housing-markets-for-first-time-home-buyers?position=editorial_3&campaignname=FP%20Trending-12172019&utm_source=newsletter&utm_medium=email&utm_campaign=FP_daily_Trending_Live%2B%27-%27%2B12172019&bt_ee=vsYuku6GAAwEYeUELsDTERZFSoeLD4cLGHOfLd%2Fh%2FVL8ldZmOLoOmAh%2FuCAzsaLa&bt_ts=1576616529698

12/13/2019

“The difference between gambling and investing is knowing what you own, checking the financial condition, and constantly monitoring the story.”

~ Peter Lynch

11/11/2019

If you want to thank a soldier, be the kind of American worth fighting for.

~ Happy Veterans Day from BCM

10/15/2019

Malawian Teen Taught Himself How To Build A Windmill From Junk, Brought Power To His Village, ALL Learned From Library Books! | Urban Intellectuals

Knowledge is power; chiefly when action follows

https://urbanintellectuals.com/malawian-teen-taught-build-windmill-junk-brought-power-village-learned-library-books/

Get this boy in a prominent position, make him famous, let him inspire! We are joining a call from Anonymous who posted a very simple message, they say the media is blacking out the importance of Malawian Teen William Kamkwamba. He taught himself how to build a windmill from junk, brought power to h...

08/27/2019

The US 10 year treasury bond yield and US 2 year inverted again today.

Does that mean anything to you? Should it? Like to discuss? Give us a call.

05/17/2019

Small things done consistently produce large results.

04/01/2019

There's a retirement crisis in America where most will be unable to afford a 'solid life'

Pay yourself first. Individuals and families should be saving between 10-20% of their income toward their retirement goals, depending on the age at which they begin saving. Let’s make sure you don’t end up long on life and short on money in your golden years.

There's a retirement crisis in America https://www.cnbc.com/2019/04/01/theres-a-retirement-crisis-in-america-where-most-will-be-unable-to-afford-a-solid-life.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

The three "legs" of the retirement "stool" (private savings, pensions, and Social Security) are all in dire shape.

03/20/2019

Don't jeopardize your own retirement savings. Teach your kids to be financially independent

Parents, please read.

https://www.cnbc.com/2019/03/18/how-to-teach-your-kids-financial-independence-and-save-your-retirement.html?__source=newsletter%7Cyourwealth

Parents are spending twice as much on their adult children than they are putting away for retirement, and that could have dire consequences down the road.

02/12/2019

Happy Special Day President Lincoln.

We have President Lincoln to thank for so much. Here are a couple of take-aways pertaining to personal finance we can glean from Honest Abe.

1. Be careful about borrowing money. In 1833, President Lincoln borrowed money to buy a store with a friend of his. The store went out of business, his friend passed away and he was stuck with the note. He jokingly referred to it as his very own "national debt."

2. Nothing can erode personal wealth quicker than over-spending. Whether you have a problem with spending money on the latest and greatest superficial things, or your spouse does, form a family budget and stick to it. In this case, Mrs. Lincoln's spending caused the President considerable discomfort.

3. Think long and hard about the investment you make in education. President Lincoln was a self-taught, as was our first President. Is an out of state college really worth the money? What would Abe say?

4. Keep it local. Did you know that the term "green back" comes from the $150 million of United States Notes that were printed on paper with green ink as a result of congress passing the Legal Tender Act in 1862. Prior to this, all government currency was in gold or silver. This became the world's preferred form of currency!

02/06/2019

A woman who studied 600 millionaires found how rich you can get boils down to 6 'wealth factors,' no matter your age or salary

Do you practice these 6 "wealth factors"?

https://www.businessinsider.com/millionaire-study-wealth-factors-confidence-focus-2019-1

If you possess enough of the right characteristics, you may be more likely to become wealthy, regardless of your age or income.

11/14/2018

Most Americans are wrong about how much they need for retirement

This is a mistake that will cost you in a big way.

- Work life balance
- Retiring well
- Relationship stress

Own your time, and contact us about putting together an actionable plan, in a mindful way.

https://www.cnbc.com/2018/11/13/most-americans-arent-saving-nearly-enough-for-retirement.html?__source=newsletter%7Ceveningbrief

When it comes to retirement, most people say they'd like to spend more time with their friends and family and possibly buy a vacation home and travel the world. That's a tall order for those with little or no nest egg. 

10/19/2018

The internet is a good place to start: Why working with a financial advisor can make more sense (Paid Content by Royal Bank of Canada)

Are you a do it your selfer, or is working with a wealth manager the right choice for you?

https://mashable.com/2017/10/26/why-work-with-financial-advisor/

Here's why working with a financial advisor is worth it.

10/10/2018

“Happiness lies in the joy of achievement and the thrill of creative effort.”

~ Franklin D. Roosevelt

Have a joyous and creative day!

10/08/2018

Here's how much money you should have saved by 30

Happy Monday! Ever wonder how much money you should have in savings by the time you are 30?

Here’s a good article that outlines it well.

Here's how much money you should have saved by 30https://www.cnbc.com/2018/10/05/how-much-you-should-have-saved-by-30.html

How do you stack up?

05/23/2018

Robot submarine finds "holy grail of shipwrecks" with up to $17 billion in treasure

If you discovered $17 billion of shipwrecked treasure, what would you do?

Researchers at Woods Hole Oceanographic Institute say that they are, "...explorers, not treasure hunters, and are not involved in the ownership disputes."

Some would say those two terms are synonymous!

One country will end up with a nice, unexpected, boost to their GDP.

https://www.cbsnews.com/news/robot-submarine-finds-shipwreck-san-jose-carrying-17-billion-treasure/

It's called the Remus 6000 and it can dive nearly four miles and is loaded with sensors and cameras

04/06/2018

The short history of global living conditions and why it matters that we know it

A little out of date, but great data on key societal data points.

We have come a long way, but there is still more to do.

https://ourworldindata.org/a-history-of-global-living-conditions-in-5-charts

A recent survey asked “All things considered, do you think the world is getting better or worse, or neither getting better nor worse?”. In Sweden 10% thought things are getting better, in the US they were only 6%, and in Germany only 4%. Very few people think that the world is getting better.

03/16/2018

22 things you never knew about St. Patrick's Day

It's almost St. Patrick's Day!

http://www.businessinsider.com/facts-about-st-patricks-day-2017-3

Financial website WalletHub put together an infographic with some of the most interesting facts about how St. Patrick's Day is celebrated.

01/14/2018

Battery that charges in one minute could beat Tesla in the race for tomorrow's clean car

This could be a game changer for electronic vehicles...

Car designer Henrik Fisker promises a battery that's cheaper, charges faster, and lasts longer.

12/08/2017

A new way to harness the power of the sun

The way we may store energy in a decade or two...

http://www.weforum.org/agenda/2014/11/a-new-way-to-harness-the-power-of-the-sun

Transforming into a society that is driven by sustainable energy rather than fossil fuels is one of the great challenges facing mankind today. While the sun provides almost enough energy ...

10/30/2017

This wearable translates languages in real time

It’s exciting to see cutting edge technology improve the way we can interact with each other across linguistic barriers.

https://www.facebook.com/futurism/videos/873655216147012/

10/25/2017

What You Need To Know About Cryptocurrencies And Taxes

No one can escape Uncle Sam's taxes!

If you've made money in the cryptocurrency market, then you should read this article.

https://www.forbes.com/sites/greatspeculations/2017/07/10/what-you-need-to-know-about-cryptocurrencies-and-taxes/

Cryptocurrency investments, such as bitcoin, are risky and highly volatile. Any investor interested in learning more about bitcoin should do their due diligence and proceed with caution.

10/18/2017

Blockchain: The Foundation of the Future

If you don't know what this is yet, you need to.

https://www.facebook.com/futurism/videos/868259083353292/

09/18/2017

Looking To Integrate Blockchain Into Your Business? Here's How

Have you heard about the revolutionary technology known as Blockchain?

https://www.forbes.com/sites/laurashin/2016/05/10/looking-to-integrate-blockchain-into-your-business-heres-how/

Blockchain investor, advisor and writer William Mougayar discusses his new book, The Business Blockchain, and how executives can smartly adopt the technology.

09/12/2017

5 Signs You Need a Financial Advisor

Our hats are off to all of you financially savvy people that have it covered when it comes to long term financial planning.

If you aren't sure that you fit into that category, read this article to help determine whether or not you should work with us!

https://money.usnews.com/money/blogs/the-smarter-mutual-fund-investor/2015/03/20/5-signs-you-need-a-financial-advisor

If you aren't saving enough money or always receive a tax refund, you may need an advisor.

07/26/2017

Here are 7 key steps to make sure you don’t outlive your money

Stay on track friends!

http://www.cnbc.com/2017/07/18/7-key-steps-to-make-sure-you-dont-outlive-your-money.html

Making your money last throughout retirement used to be easy. Now it's one of the biggest challenges this generation faces.