Having a 3-6 month Emergency fund is one of the best financial moves to makes. Some people even have a 1-2 year Emergency fund which I think is overkill, but to each his own and everyone has their own reasonings and unique circumstances.
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Cryptocurrency For The FIRE Minded Investor
I know cryptocurrency is a very controversial topic to discuss as it pertains to investing. It seems to have been embraced more by the millennial and younger generations and shunned by generation X and older. Some would even dare to say it has no right to be discussed in the same light with financial independence, but as I discussed in my pervious post on investment strategies, I believe that 5 – 10% of your portfolio should be in risky assets of your choosing.
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The Perils of Micro Investing
Micro Investing is a great way to gain exposure to the stock market with as little as $1. Options for micro investing include acorn, stash, stockpile, M1 Finance and many more. You can use these websites and applications to invest in individual stocks or ETF’s. Some charge fees as little as 1- 2$ a month or a percentage of your portfolio and others like M1 Finance currently have no fees, but they do offer other products that they use to make money like loans and high interest rate savings and checking accounts.
Investment Strategies
From a broad standpoint and view by stepping back and looking at the forest there are three broad investment strategies. The long investment, medium investment and short investment strategies.
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The FIRE Movement
What is the FIRE movement all about. It stands for “Financial Independence Retire Early” and it has a strong following called the fire community. Now I’m going to dive into what the FIRE movement isn’t by discussing Suze Orman’s interview with Paula Pant of the afford anything podcast
The Journey Begins
Thanks for joining me!
Good company in a journey makes the way seem shorter. — Izaak Walton
