JDT Advisory
Patton Thorne is a fictional Wealthpreneur with a real-world problem. In 1997, he invested $10,000 in the initial public offering (IPO) of a little-known company named after a South American river. On a split-adjusted basis, his Amazon shares are now worth approximately $25 million. (As of summer 2024, Amazon stock traded at an all time high of …
In 2022, over 7.7 million people visited the Louvre museum in Paris. Its most well-known painting is the Mona Lisa, painted during the Renaissance by Leonardo da Vinci. But some guests prefer the works of Monet (Impressionism), Rembrandt (Dutch Golden Age), Picasso (Cubism), or Warhol (Pop Art). Trash or treasure?Which art style or artist is your …
According to a 2023 survey by Datarails, a small or medium-size business (SMB) spends an average of $54,000 per year for finance and accounting software. Millions of pages of financial data are produced every year! But as Henry David Thoreau once observed, “It’s not what you look at that matters, it’s what you see.” (Emphasis added.) …
Successful Wealthpreneurs keep risk mitigation in mind while managing all aspects of their financial lives. They know that potential risks like the 5 D’s can become reality for even the most well-managed businesses. For multi-owner businesses, these risks are often addressed through a buy-sell agreement. An undercover ownership transition planA buy-sell agreement is a contract among the owners of …
