Business owner for over 35 years now working less and investing more. Our company has grown from $1M in sales to $25M in that time. I have recently sold my shares as part of an exit strategy. My philosophy for success in life and business is based on creativity. As Albert Einstein once said, "Insanity: doing the same thing every day and expecting a different result."
What is Tiki Bar Capital? A state of mind achieved after years of personal sacrifice and hard work. It's when you've made your nut (hopefully, for life) and can say to heck with the suit and tie, trekking to the office, and sacrificing your soul to the rat race. It's nourishing your capital and watching it grow. Most importantly, it's enjoying the life that Tiki Bar Capital allows you to live.
I am a retired corporate lawyer and have been a stock market investor since my early twenties. In the past, I've done both DIY investing and worked with financial advisers. Having learned a thing or two, I now manage my family's portfolios on my own.
My two primary investing strategies are buy-and-hold and discretionary. My buy-and-hold portfolio consists mainly of ETFs, mutual funds and closed end funds. I rarely trade this portfolio, generally tweaking it only when it appears we are in for a long-term, macro change.
My discretionary portfolio is mainly invested in individual stocks and sector ETFs picked up at deep discounts. As market indexes look increasingly rich, I'm allocating more to unloved sectors where I can find attractive values.
I also invest modest amounts monthly for my children in custodial accounts. My goal is to make them millionaires by age 30. Why shouldn't they enter adulthood with some walking around money? It gives you options.
Matthew V. Pixa is the President and founder of My Portfolio Guide, LLC. My Portfolio Guide is an independent, fee-only (non-commission) Registered Investment Advisory firm based in the state of California. My Portfolio Guide offers customized investment guidance focused on the needs of individuals from all stages and walks of life.
Matt’s curiosity and passion for investing began during the stock market crash of 1987. Being a new investor without any guidance and coupled with the dramatic events of that period, an interest and passion for becoming a student of the markets was born.
Matt later studied Economics and earned a Bachelor’s degree while also competing as a student-athlete for California State University Long Beach. After advancing his career for 12 years he decided to return to business school and further his education by earning an MBA from the W.P. Carey School of Business at Arizona State University.
Matt was trained and worked as an investment advisor for several of the largest and most widely respected brokerages on Wall Street as well as one of the most eminent private wealth management firms in the nation. Early on in his financial career, he learned that most “advisors” are actually not trained to give unbiased investment advice. Many simply get licensed and then are employed as salespeople to pitch products or build a book of business that is only scalable by outsourcing the relationship to others. It becomes a numbers game and what typically gets left behind is the best interest of the client.
Matt lives in Seal Beach, CA with his wife Cecilia, daughter Isabel, and son Lance. He enjoys coaching youth sports for his children’s teams and also competes in Ironman triathlons as a way to stay fit, disciplined, and blow off any left over energy…