How to prepare for a bear market

Let me just clarify some terms. A correction is a decline of 10% or greater in the price of a security, asset, or a financial market. Corrections can last anywhere from days to months, or even longer. A bear markets occur when prices in a market decline by more than 20%, often accompanied by negativeContinue reading “How to prepare for a bear market”

Rich people play the money game to win

Rich people play the money game to win and poor people play the money game not to lose, but it’s a spectrum. I recently read The Millionaire Fastlane when I ran across this principle, but I realized that there is actually a middle ground. It’s for those that are in the getting rich slowly lane.Continue reading “Rich people play the money game to win”

How to Pay For College

College will likely cost between $60K and 100K a year in the next 20 years. This is based on the projected 3% yearly increase from the current average cost of $25K for public universities and $40K for private universities. The cost would increase to $240k and $400K respectively for a public and private college education.Continue reading “How to Pay For College”

How to be a Patient Investor

One of the great Jack Bogle’s most memorable quote is “Buy and hold, but don’t forget the hold”. What is the meaning behind this quote. Lets say you have a stock or ETF that you have bought thereby satisfying the buy part of the equation. You’re now contemplating buying more shares to add to yourContinue reading “How to be a Patient Investor”