BUZ LIVINGSTON: Baseball, apple pie and finances

Published: Thursday, October 31, 2013 at 14:44 PM.

Baseball organizations like the Cardinals and the Braves know the road to success is by developing a strong minor league system. It’s not as flashy as signing the hottest free agent but their approach has worked for decades and will in the future.

Investors should take a long-term approach and avoid the latest fads. Saving regularly, diversifying your investments and protecting yourself against calamities were valid years ago and still work today. Hit the ball, catch the ball, throw the ball, some things never change and simplicity prevails.

Libertarians ought to replace their hero Ayn Rand with Curt Flood. Rand whined about programs like Medicare and Social Security but ended up taking both. Flood refused to be traded and lost a lucrative major league career. Rand was a poser contrasted with Curt Flood, a man who put his money where his mouth was.

Buz Livingston, CFP has a Blue Mountain Beach-based fee-only, hourly financial planning and investment management firm. He works with clients around the country whose portfolios range from $5,000 to $7 million. For more information, visit www.livingstonfinancial.net.

 

 



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