Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Money Is a Tool - Use It Wisely

Your Goal Is Not To Die With the Highest Net Worth Possible, It Is To Maximize The Utility of Your Family’s Money

Saving money is important.  Investing money is important.  But if you don’t cash in some chips at some point in your life, all of your efforts will have been wasted because those claim checks on society will be taken by the government, spent by your heirs, or redistributed through fees and expenses by professionals such as attorneys left to sort out the inevitable lawsuits that result in the fight over your fortune after you’re gone.

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Castlevania Lords of Shadow Castle

Castlevania: Lords of Shadow Illustrates Why Nintendo Is In Trouble

With all of the Elder Scrolls: Skyrim activity going on in every corner of my life, I began thinking about the various video game platforms and the video game industry as a whole.  Going back to this summer when we were playing Castlevania: Lords of Shadow, which I bought on a whim, caused me to realize something: No one in my household, or in the households of my extended family, takes the Nintendo Wii seriously.

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Skyrim Pure Mage Strategy

My Pure Mage Strategy for Elder Scrolls Skyrim Is Based on the Late 1980’s Ganon Character from The Legend of Zelda

I ultimately decided upon a pure mage strategy my Elder Scrolls Skyrim character, Azrah Gestahl, based upon the early manifestations of Ganon in The Legend of Zelda series from the 1980’s.  Although my character is mostly good, serving as the Arch-Mage of the College of Winterhold, a member of the Imperial Army, and possessing a healthy penchant for destroying bandit hideouts, the general composition of skills leans heavily toward a very powerful mage in a robe capable of extreme conjuration and destruction, with very strong illusion, alteration, and regeneration knowledge.  I’m not talking about modern day Ganon, mind you.  I’m talking about Ganon as he was back then – magic artifacts, conjuring minions, blasting fireballs, all draped in a cowl as he sought world domination.

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Ruffoni Stainless Steel Pots and Pans

I Took the Plunge and Bought the Professional Mauviel Copper Cookware Upgrades to the Kitchen, As Well as a Few Stainless Steel Ruffoni Pots and Pans

The gourmet food posts on the site are probably going to grow exponentially over the coming years.  I’d publicly debated various cookware as far back as last year and finally decided to take the plunge as part of the six-month May Day project.  Yesterday evening, I bought a set of copper Ruffoni pots and pans, which were going…

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How a Family Holding Company Can Be Used to Transfer Wealth and Bind a Family's Economic Future Together - Header

How a Family Holding Company Can Be Used to Transfer Wealth and Bind a Family’s Economic Future Together

We’ve talked about how a holding company works in the past, provided a beginner’s explanation of holding companies, and even looked at two high profile private holding companies owned by America’s richest families, Walton Enterprises, LLC and Cascade Investment, LLC.  I even gave a very basic explanation over at About.com as to how family members can invest together through a limited liability company. Tonight, I thought I’d go over a very basic, very simplified explanation of a much more advanced concept that isn’t appropriate for most people but will show how a family holding company can be used to gift millions of dollars tax-free to heirs and others, while retaining control of assets and binding a group together economically.  This is a high-level, conceptual explanation.  Do not act on any of this without consulting with your own tax attorney, tax accountant, and other qualified advisers.  None of this is investment advice.  None of this is tax advice.  None of this is legal advice.

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory