MG&A Blog

Oftentimes, we come across information that’s mind expanding and even mind blowing. We share these thought provoking insights with each other around the office and from time to time want to share them with you. Look for our posts every so often and feel free to share your thoughts.

Bitcoin a Bit Much

This is a mania no doubt and a setback is sure to come. Like a Gold Rush, people are confusing upward price moves as validation and everyone is jumping on the bandwagon. We’ve seen this one before and we know how this ends. Please be careful!!! When speculative manias like this occur, Warren Buffet comes to mind “…we should be fearful when others are greedy…” If that doesn’t do it for you, how about Vanguard’s Founder Jack Bogle who sounded a direct warning this week, “Avoid bitcoin like the plague!”[i]

Bitcoin is fascinating and creates many interesting possibilities (learn more: 10 Important Facts On Bitcoin). However, buying them today at these prices is pure speculation and not an investment nor a sensible currency purchase. Investments need to have an underlying tangible value, and a currency needs price stability. Bitcoin currently offers neither. It's way too volatile to conduct the simplest of transactions; can you imagine how expensive a visit to my barber could get in the 30 minutes it takes to finish my haircut? 

Digital currencies like bitcoin are more fitting for something like the cannabis market in the US as it struggles for federal legalization. Since the federal banking system is off limits for state-approved cannabis businesses, bitcoin may provide the necessary cloak to keep the Feds away. However, I doubt you want to buy bitcoins as a long term investment or for your grandchildren’s college education fund. 

Blockchainis the real story behind bitcoin. It solved the problem early versions of digital currencies had with double counting or counterfeiting by using a formula-based validation, identification and tracking system used by “miners” to confirm transactions. It is this unique blockchain technology that could change how we do numerous things like stock trades, online voting, renting cars, notarizing documents and storing health care records.[ii]

Digital currencies have a big future in online commerce; in fact someday we may have Fedcoins backed by the US Government (bitcoin won’t like that!). But these currencies are just one of many potential blockbusters to come from blockchain. So if the temptation to dive head first into bitcoin is becoming a bit much, take solace in the fact that companies all over the world are researching how blockchain can enhance their products and services. And while we may not be investing your assets directly into bitcoin, its very existence may be the key to significant innovation in companies you already own.

Finally, when it doubt, I suggest you refer to Meg Green’s Rules of The Money Game, Rule # 10, “If it sounds too good to be true, it probably is!


[i] The Wealth Advisor, 11/28/2017
[ii] “The Promise of Blockchain: The Trust Machine,” The Economist, 10/31/2015


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It's official... we've moved!!

We are excited to share with you our office move this past week, today marks our "official" first day at our new office! 


Please note our new address and contact information below: 


8151 Peters Road
Suite 3200
Plantation, FL 33324


Toll Free 1-800-741-2004

T: 954-289-9000 / 305-931-1400
F: 954-289-9100 / 305-931-6256



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How secure is your technology?



Cyber security breaches have been flaring up globally impacting elections, major corporations, foreign governments and even national security organizations. The message is loud and clear. Hackers are thriving at the expense of millions of innocent hard working people. We all need to be aware of this and look for ways to protect ourselves better. 

Rest assured that at MG&A we operate in an advanced and highly secure technological environment. Features such as redundancy, data encryption, virus protection, cyber security protection and 24-hour system monitoring are integral components to not only our technology infrastructure but also our wealth management process. That's right! We believe protecting your wealth isn't just about a well-diversified portfolio, but also includes a well-fortified defense around your data, information, and identity.

What about you?  How secure is your technology?  Statistically speaking, 70% of you will read this blog post through a mobile device.  Not surprisingly, tablets and cellphones have become the treasure trove to hackers. Why? YOU make it too easy for them... unknowingly of course. Even a locked iPhone can give hackers very damaging information about you.

We're here to help! Below are two links containing easy to follow instructions to protect yourself by securing your mobile devices and reducing your vulnerability to hackers. There are separate procedures for iPhone users and Android devotees (courtesy of JP Morgan).

Please share this with family and friends so we can collectively dial down the unnecessary surveillance in our lives.  Protecting our identity, security and family are far more important than Siri reminding us to pick up the dry cleaning every Wednesday.  Really?!  Take a hike Siri...I know you’re listening!





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Definition of Class - The letter President George H. W. Bush left on his desk in the oval office on his last day for incoming President Bill Clinton.

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Life lessons written by a 90 year old

It's nice to be able to learn some lessons from someone whose "been there and done that".  Being 90 qualifies.  Sometimes, learning lessons on our own can be painful or challenging. Hope this sets you up to avoid a few pitfalls along the way. Enjoy. 

Written by Regina Brett, 90 years old, of the Plain Dealer, Cleveland, Ohio.

"To celebrate growing older, I once wrote the 45 lessons life taught me. It is the most requested column I've ever written. My odometer rolled over to 90 in August, so here is the column once more:”

1. Life isn't fair, but it's still good

2. When in doubt, just take the next small step.

3. Life is too short ? enjoy it.

4. Your job won't take care of you when you are sick. Your friends and family will.

5. Pay off your credit cards every month.

6. You don't have to win every argument. Stay true to  yourself.

7. Cry with someone. It's more healing than crying alone.

8. It's OK to get angry with God. He can take it.

9. Save for retirement starting with your first paycheck.

10. When it comes to chocolate, resistance is futile.

11. Make peace with your past so it won't screw up the present.

12. It's OK to let your children see you cry.

13. Don't compare your life to others. You have no idea what their journey is all about.

14. If a relationship has to be a secret, you shouldn't be in it.

15. Everything can change in the blink of an eye, but don't worry, God never blinks.

16. Take a deep breath. It calms the mind.

17. Get rid of anything that isn't useful. Clutter weighs you down in many ways.

18. Whatever doesn't kill you really does make you stronger.

19. It's never too late to be  happy. But it?s all up to you and no one else.

20. When it comes to going after what you love in life, don't take no for an  answer.

21. Burn the candles, use the nice sheets, wear the fancy lingerie. Don't save it for a special occasion. Today is special.

22. Over prepare, then go with the flow.

23.  Be eccentric now. Don't wait for old age to wear purple.

24.  The most important sex organ is the brain.

25. No one is in charge of your happiness but you.

26. Frame every so-called disaster with these words 'In five years, will this  matter?'

27. Always choose life.

28.  Forgive

29. What other people think of you is none of your business.

30. Time heals almost everything. Give time time.

31. However good or bad a situation is, it will change.

32. Don't take yourself so seriously. No one else does.

33. Believe in miracles.

34. God loves you because of who God is, not because of anything you did or didn't  do.

35. Don't audit life. Show up and make the most of it now.

36. Growing old beats the alternative of dying young.


37. Your children get only one childhood.

38.  All that truly matters in the end is that you loved.

39. Get outside every day. Miracles are waiting everywhere.

40. If we all threw our problems in a pile and saw everyone else's, we'd grab ours back.

41. Envy is a waste of time. Accept what you already have, not what you need

42. The best is yet to come...

43. No matter how you feel, get up, dress up and show up.

44. Yield.

45. Life isn't tied with a bow, but it's still a gift."


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This is a mania no doubt and a setback is sure to come. Like a Gold Rush, people are confusin...


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Company Details

8151 Peters Road
Suite 3200
Plantation, FL 33324

Toll Free 1-800-741-2004

T: 954-289-9000
F: 954-289-9100