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.

Remembering the heroes on Memorial Day

memorial day hero.jpg"A hero is someone who has given his or her life to something bigger than oneself." -- Joseph Campbell

For most Americans, Memorial Day is a time to enjoy family, friends, warm weather, grilling and perhaps a beach. But it is important to remember the reason why we take the day off: to remember those who sacrificed their lives in the military service.

Millennials spend five hours a day doing this...

cell phone train.jpgIf you guessed watch TV, then you'd be incorrect. In 2016, the average American watched 4.5 hours of TV per day -- which is a number that boggles my mind -- according to Neilsen but I'll leave that topic for another day. The correct answer is likely in your pocket or in your hand right now. Millennials are taking selfies, listening to music, posting food pics on Instagram and texting constantly on their smartphones. Of course it isn't only millennials as I'm a cell phone addict as well. It is my primary camera and I have photos going back to when my wife (then girlfriend) bought me the first generation iPhone in 2007. At this moment, I have 13,554 photos on my iPhone 6.

Email Alert: How to Spot and Avoid Phishing Attacks

Two weeks ago, the WannaCry cyberattack hit more than 300,000 computers in more than 150 countries.  This global "ransomware" attack disrupted factories, hospitals, shops, and schools.  Wannacry did not discriminate much in its targets.  In the past, I've written about the importance of locking down your passwordsMy goal today is to educate and inform so that you can better protect yourself.

Monday motivational quotes from Barbara Corcoran and Bob Pittman

Last week on my favorite morning show, the Elvis Duran Show, Shark Tank star Barbara Corcoran stopped by the studio. I'm a huge fan of Shark Tank which shows that the American Dream is alive and well. People come up with such innovative ideas and the show is able to take them to another level thanks to the platform and of course the sharks. Here are a few of my favorite quotes from her visit.

Fast food re-imagined? Robots aim to please at Eatsa

Last October, I realized that I may be hitting the age where I have to be more thoughtful about my eating habits. My pants were getting tighter by the day and the scale showed me a number that was the highest I had ever seen. That was my wake up call. I certainly didn't want to have to buy new pants that actually fit correctly. Immediately I started to eat less carbs and more veggies. Then in January, my friend Amy Crowson of Lovebugfitness was having a clean eating challenge. It was a great way to take my clean eating to another level and have the support of other people on the same journey - check our her 10 day challenge (use the coupon code ONLY10 and pay just $10) if you are looking to kick off the healthy lifestyle that you deserve.

While it is easy to eat well at home, I have always found it to be more diffidult when eating out. Even in NYC where there are so many restaurants, if you want a healthy option, then you are often limited to uninspired salads from a deli and don't make the mistake of putting salad dressing on a McDonald's salad which makes it worse than a double Big Mac. No joke.

This led me to the discovery of Eatsa. When you walk by, you are immediately wondering what the place actually is. There are no cashiers and no visible employees. It is something I would expect from a modern Japanese quick serve even though I have never been to Japan. I was happy to discover that it is a vegetarian fast casual eatery.

Why you should never use your debit card at a gas station

This morning on the way to work, I was listening to the Todd and Jayde morning show. One of members of the show, Annie, talked about how she believes that she was a victim of debit card skimming at a gas station. The result was that someone tried to steal $500 from her account and she couldn't access any of her accounts online until the bank finishes investigating her case. Listening to the story, I had to look into the issue further myself and my conclusion is that you should NEVER use your debit card at a gas station. Do it the old fashioned way if you want that cash price, you have to use real cash over the debit card. Here's why.

Long-term Jobs Killer Is Not China, It's Automation

About five years ago, I was traveling on business to Los Angeles. I was surprised to find kiosks at Alamo that processed my reservation, assigned my rental car, and directed me to the spot for pick up. As I drove out, I marveled, "Wow, I was in and out of there without talking to single person!" Today, this once novel concept is quickly becoming common place.

3 Things I Learned at FinCon Masters New York

This week, I attended an evening event in Manhattan called FinCon Masters, billed as "The Premier Event for Top Financial Influencers." The attendees were 100 bloggers, podcasters, authors, and creatives and featured emcee John Garrett, and presentations by James Altucher, Farnoosh Torabi, Lynnette Khalfani Cox, Chris Winfield, Andrew Fiebert, and Michael Schreiber. As an author of this blog, I decided to go to see what I can learn and how to improve the work that we are doing.


Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by Runnymede Capital Management, Inc.), or any non-investment related content, made reference to directly or indirectly in this blog will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this blog serves as the receipt of, or as a substitute for, personalized investment advice from Runnymede Capital Management, Inc. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. Runnymede Capital Management, Inc. is neither a law firm nor a certified public accounting firm and no portion of the blog content should be construed as legal or accounting advice. A copy of Runnymede Capital Management, Inc.’s current written disclosure statement discussing our advisory services and fees is available for review upon request.