About Bryan Daly

Bryan Daly has been a member since March 30th 2011, and has created 5 posts from scratch.

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Money Blunders of the Otherwise Intelligent

Money Mistakes

Two Basic Rules:
Rule #1 Don’t lose money …Avoid Mistakes
Rule #2 Don’t Forget Rule #1

The problem is you don’t know what you don’t know until you learn the hard way. Eliminate the ways that most people fail:
manage reduce and eliminate …Risk, Fees, and Taxes.

Some Common Blunders

1 Treating investments like a part-time job – not a business
2 Not risk management strategies.
3 Trying to time the market
4 Letting emotions drive investment decisions
5 Ignoring the biggest risk of all – out living your money
6 Expecting any investment approach to work all the time
7 Hiring a Manager solely by the numbers
8 Getting caught up in the relative performance game
9 Not knowing when to fire a managers
10 Not having a financial adviser, Even the best have coaches
11 Doing Nothing – Procrastination
12 Buying on a “Hot Tip”
13 Buying last years Hot Investment
14 Forgetting to Watch
15 Getting Bonds Backwards – % up P down
16 Thinking fixed income is fixed value
17 Thinking a Guarantee is a Guarantee
18 Ignoring taxes
19 Putting it in the wrong name
20 Neglecting the final steps: Distribution and Transfer
21 Not having and/or reviewing a strategy – A plan
22 Not Protecting Assets

Never Lose Money

Never Lose Money

Bryan Daly

First American National Registered Investment Advisor

Are You Making These Investment Portfolio Mistakes?

Common Investment Mistakes

Common Investment Mistakes

Are You Making These Investment Portfolio Mistakes?

As a financial professional, I literally get to look at hundreds of portfolios belonging to people from all walks of life. You get carte blanche access to individuals and couples at different stages of their lives, at varying income levels, and with various social and educational backgrounds. In the process, these portfolio mistakes show up on a regular basis, no matter what the person’s age, occupation, or other demographics.

The mistake I find to be most typical involves portfolio overlap (often referred to as lack of diversification). It doesn’t happen because people haven’t been told not to put all their eggs in one basket, but rather because no one ever tells them how diversification really works. Simply put, holding seven or 10 different mutual funds in different asset classes such as large cap, mid cap, and international doesn’t ensure the portfolio is diversified. What many investors don’t realize is that two, three, or even five different mutual funds can all be investing in the same companies.

The “stock intersection” tool on Morningstar.com does a great job of illustrating this. It shows, for example, that two popular 401(k) investments – the American Funds Growth Fund of America and Dodge & Cox Stock Fund – own at least 10 of the same companies’ stock, including Wells Fargo, Comcast, Microsoft, Merck, Home Depot, and Dow Chemical to name a few..
The overlap problem can be compounded when couples build their individual portfolios without considering how the other spouse’s asset allocations may overlap their own. Generally speaking, I suggest that couples consider their assets as one pool and employ a single approach to investing instead of doing the same things in two different plans. Overlap can become problematic during market downturns because similar holdings fall in sync rather than balance each other out. Obviously, the same can happen when things turn positive (and that would be a good thing) but from a risk management perspective, investors need to be aware that the number of holdings alone, even in varying asset classes, may not be providing adequate diversification.

I’m always surprised at the number of people who think investing in their 401(k) is free, or that their IRA account at a brokerage firm costs only $35 or $40 annually. Too many investors don’t realize that they may be out thousands of dollars to unnecessary or excessive fees each year simply because they aren’t taking into account the impact it can have on their returns.
Company retirement plans are not free, regardless of whether it’s a 401(k) or 403(b). In fact, some plans are downright ridiculously expensive. Investors need to treat an investment like any other important purchase. Most people would never buy the first car they saw or make an offer on the first house their realtor shows them without first considering other options and trade-offs.
When it comes to IRAs and other investments, the same holds true.

The third and most disheartening portfolio mistake people make is the lack of attention they give to their portfolio. You can tell when someone hasn’t adjusted their asset allocation in 10 years or has blindly allowed a company to change plans and used default investments as a result. Investors need to understand that Peter Lynch doesn’t run the Fidelity Magellan Fund anymore, and if they’re less than five years from retirement, their portfolio should resemble their age and wisdom, not the ambitions they had five or 10 years ago.

No one is asking you to be a financial guru or to devote 10 hours a week to your investments, but you should have a process for regularly reviewing your goals, results, diversification, expenses, and investment options based on both your current situation and your projected retirement date. It’s more about knowing which questions to ask and what to avoid rather than trying to time the market or always picking the most successful investments.

Not having a tactical strategy. When the train is coming are you able to get off the tracks?
A tactical approach allows you to get off the tracks let the train pass and then get back on the tracks after the train has passed.
Tactical allocation is an active management portfolio strategy that shifts the percentage of assets held in various categories to take advantage of market pricing swings or strong market sectors.
Not having a strategy to lock in gains and avoid losses is a big mistake.

Additionally, investors need to stay on top of new products and tools.portfolio puzzle
Exchange Traded Funds (ETFs), Target-date Funds and Monte Carlo Simulations are not exactly new but many have not heard about them let alone understand how to use them to reach their retirement goals.

I hope you find this helpful

Bryan Daly
First American National Registered Investment Advisors

Meet Jennifer Held the owner of Palm Beach Organizing

Jennifer Held

Jennifer Held

Jennifer Held is the owner and operator of Palm Beach Organizing.

I was always told, “Do what you love.”  My immediate thought was, “That’s great   but, there’s bills to be paid.”

For over a decade I worked for Lockheed Martin as a process improvement      project manager.  A year ago I was able to leave the corporate world and put  100% of my time and effort into Palm Beach Organizing.  I truly love what I do,  and am actually getting paid for it!

The tag line for Palm Beach Organizing is “declutter…destress”

I believe that clutter and general disorganization brings stress.  My services are ideal for a home owner that feels that the clutter is making them inefficient.  I have also seen positive results from my efforts when properties are on the market.  An ideal referral for me is anyone who goes into homes and hears the homeowner say something like, “Don’t look in there, it’s a mess (as they close the door to a room)”  or Real Estate agents that need someone like to me to go into a home and make it visually ready for showings.

Everything has a home!
Discover the joy of finding a home for all the things you love.
Entertaining, relaxing and even cleaning up will be a breeze when you know where everything goes.
Together we will declutter and find a space for everything that you love in your home.
Let Jennifer help you spend your time doing what you love because your home is organized and functional.

Jennifer loves getting to know her clients. She will come into your home, assess your needs and your budget and make an individual plan to manage your clutter.  Jennifer will be happy to come into your home and give you a free consultation. She will take into account your personal needs and tailor her visit to help you bring joy and organization in your home.

Tips to get organized

Tips to get organized

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Linked profile:  https://www.linkedin.com/nhome/?trk=hb_signin

Palm Beach Organizing’s Facebook page:



Palm Beach Organizing’s website:
Jennifer Joy Held

Palm Beach Organizing

(561) 389-7342





Mike Mulleady

Mike and Cindy Mulleady

Founder and Chief Administrator at Opportunity Network and Treasure Coast Referral Network
Mike and Cindy Mulleady

Mike and Cindy Mulleady

Founder and Chief Administrator

Cutting Edge Marketing and the Treasure Coast Referral Network / Opportunity Network

– Present (6 years)Treasure Coast Florida from Sebastian to Palm Beach Gardens

www.opnetwork.info the online resource for BUSINESS

NETWORKING EVENTS on the Treasure Coast of Florida. The TC Referral Network is the one of focus groups within the network .


Cutting Edge Marketing

– Present (24 years)Port St Lucie , FL

Promotional Items, Engraving and Imprint work.

Essentially we take your item or ours and customize it to your logo, tagline and info


Address book
  • 772-209-2300 (Mobile)
  • 772-202-2034 (Mobile)
  1. Cutting Edge Marketing and the Treasure Coast Referral Network / Opportunity Network,
  2. Cutting Edge Marketing
  1. Curtis Industries
  1. Georgia State University

In networking it’s better to be the farmer not the hunter.

In networking it’s better to be the farmer not the hunter.




Real networking is about BUILDING real relationships.  Online and Offline

Networking is about farming for contacts, not hunting them.

Many business people go about networking the way our cave-dwelling ancestors went about hunting food–aggressively and carrying a big stick.

You’ll see them at any gathering of businesspeople. They’re so busy looking for the next big sale or trying to meet the “right” prospect that they approach networking simply as an exercise in sifting through crowds of people until they bag the ideal client, the big customer who can turn their business around.

They don’t take the time for “regular people” they’re stalking the CEO, or other high-octane connection, looking for the big kill.

Farmers take a different approach. They don’t waste time looking for the right person; instead, like those who plant seeds and patiently nurture their crops, they seek to form and build relationships wherever they can find them.

If they get an immediate payoff, that’s fine, but it’s not their principal goal. They know that the effort expended upfront will pay off in a rich harvest later on–much richer then the hunter’s quick kill–and that truly profitable relationships can’t be rushed.

You easily spot the novice at a networking meetup.  The novice networker can pull out a business card faster than a Wild West gun slinger.  They don’t really seem to be listening to others.  The novice networker runs from person to person spamming business cards.  They do that once or twice and then say, “That networking stuff just does not work”.  An Online novice is just as easy to spot except the online novice jumps right into the SPAM.

It’s easy to fall into the trap of hunting for the contact that’s ready to buy right now.  Relationship networking is about consistency and reliability; consistently meeting new people and reliably following up with the folks you have met.  It’s about developing relationships with referral partners who can provide a steady stream of income far into the future- the opposite of the fast hit.

Don’t EVER Give Up… Just like anything else worthwhile in life.


Real networking is all about relationship building, and that takes time! 

The investment payoff will come over time and in many ways.

The most common causes of failure is the habit of quitting when you are overtaken by temporary defeat.

While you are building relationships and patiently nurturing your crops, there are many great benefits along the way.

A really good networking group provides a business education that is not taught in school.  I am always learning lots of really great and useful things from my networking brothers and sisters.  I learn things about life, living, real estate, technology, marketing and the list goes on and on.

I am always looking to sharpen my skills and I use meetings to practice.  I am always learning how to become a better farmer.

Some of my closest and dearest friends have come from networking.  Networking when done right really enriches you in many ways.






West Palm Beach, Palm Beach Gardens, Palm Beach, Royal Palm Beach, Wellington, Boca Raton, Coral Springs, Delray Beach, Boynton Beach, Jupiter, Weston, South Florida, FL

Serving Broward County and Palm Beach County including zip codes 33428,33433,33486,33432,33498,33434,33431,33496,33487,33446,33484,33445,33444,33483,33473,33437,33436,33426,33435,33472,33449,33467,33463,33462,22461,33460,33414,33413,33415,33413,33406,33405,33411,33417,33409,33401,33407,33403,33418,33412,33478,33410,33408,33403,33477,33458,33469,33076,33067,33073,33442,33441,33065,33063,33071,33066,33069,33064,33060,33062,33308,33334,33309,33068,33321,33351,33319,33309,33334,33308,33306,33323,33322,33313,33309,33334,33305,33301,33327,33326,33332,33331,33325,33330,33028, 33026,333024,33021,33020,33019