general Archives - Page 3 of 11 - Runnymede Capital Management

Look to Japan for the future of robotic checkout

This year, the talk of robots taking over our jobs has grown louder. Robots can build cars and even quick serve restaurants are using more technology at the front of the house. But you have to look to Japan for the future of self-checkout systems as they are already going live. Thanks to an aging population, Japan is searching for answers to mitigate expected labor shortages in their homeland. Because of this, the government in conjunction with their five major convenience stores plans to introduce self-checkout in the next several years. The new age registers will instantly calculate the prices of all items in a basket at once and also bag them for you.

3 essential financial tips for recent college graduates

It is that time of year where college graduates enter a new phase of their lives. Yes that is me from 20 years ago after earning my Bachelor of Science in Business Administration from the University of Richmond. I can't believe that so much time has passed but I thought I would share 3 financial tips for recent college graduates because most people learn little to nothing about it in school — which is pretty crazy to think that our kids aren't taught crucial life skills like finance but I will leave that topic to another day. Let's dive right in.

Still Thankful the Day After Father’s Day

It's Monday, the day after Father's Day, two thousand and seventeen. I hope all the Dads out there had a great one. I sure did. I am very grateful for my kids who qualify me to celebrate and to my dad, well, for everything. Even in the 19th year of working together, my dad continues to teach me and serve as an example by how much he cares about our family, clients, and business.

My favorite Father's Day tweet that I saw yesterday came from Morgan Housel.

Simple and to the point. Great advice that resonates strongly in my middle-agedness! This got me to thinking about fatherly advice in my family. Here's what came to mind.

Are your investments with a shady broker?

You have saved your nickels and dimes over your career and have a good-sized nest egg to retire. Then you hand it over to a shady broker with tons of violations? I hope not but it definitely happens and more often than you think. Would you go to a firm where 30% of their brokers have FINRA violations? How about a firm where 70% have violations? Where there is smoke there is fire and personally I'd run from these institutions ASAP. It is hard to imagine that they are still in business.

The failures of Elon Musk in an epic infographic

To achieve greatness, you have to fail over and over. Red Sox Hall of Famer Ted Williams was the last baseball player to hit over .400 in a season, but that means he failed to get a hit in 60% of his at bats. Basketball legend Michael Jordan didn't make the cut on his high school team, and he stated eloquently, “I've missed more than 9,000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed.”

Please mind the (retirement savings) gap

When I was a junior in college, I studied in England for 6 months so I became familiar with the subway reminder of “please mind the gap.” It seems so courteous and there doesn't really seem to be much danger in the tiny gap between the subway car and the platform but it is nice to be reminded to keep safe. Unfortunately, there is a huge gap emerging in retirement savings and the it is more of a chasm than a gap. According to the World Economic Forum, longer life spans and disappointing investment returns will help create a $400 trillion retirement savings shortfall by 2050, a figure more than five times the size of the global economy today. Needless to say, this is a monumental problem that needs to be addressed.