I was reading the White Coat investor’s blog the other day and he had written something that was very profound and it was a good gauge to test what level of investor you are. Here is the quote below “I have often said that beginning investors have trouble following their plan at market lows, intermediateContinue reading “What’s Your Investment Gauge?”
I recently read Robert Kiyosaki’s book titled Rich Dad’s guide to becoming rich and he stated in that book that in order to become rich and wealthy we need to be a good gambler and a good banker. What he means is that you have to be a good saver and also be able toContinue reading “Gamble The Right Way”
Sometimes it’s hard to do what’s important and what matters as it pertains to investing. It’s not the return on your investments that ultimately matter, but its if you’re able to stay the course in order to get that long term compounding interest that will double and even quadruple your investments every 10 years orContinue reading “Investing 101 for the buy and hold investor”
Delayed gratification vs. Impulsivity Speculative investing I recently wrote about having a reasonable investing plan and how important it is to have one, but It’s even more important to have an investment plan during times of market volatility than in bull markets. If not you may be investing speculatively and be unaware of it. BenjaminContinue reading “How to Avoid Speculative Investing”
Investing in stocks is like farming. There is a time to reap and then there’s a time to sow. It’s a great hobby to partake in if you have patience. That’s why the stock market is not the best place to keep your emergency funds. It’s the same reason why your personal home should notContinue reading “How to develop an income stream”
The reason I hate investing in individual stocks is because at the end of the day there will be winners and there will be losers. All of your individual stock holdings will not win. To win at investing in individual stocks your winners have to outperform your losers. Your winners have to win bigger thanContinue reading “How to choose between passive vs. Active investing”
1. Stocks will likely continue to fall for the next 1 month, 3 months, 6 months or 12 months 2. Stocks will likely hit all time highs again in the next 1 year, 3 years, 5 years or 10 years. 3. If you’re a long term investor and don’t need to touch your cash forContinue reading “Perspective”
It’s not about what price you bought VTI/VTSAX or other similar low cost index fund at. Its about how many shares you have.
I just heard another sad story about someone who lost a lot of their nest egg during the Great Recession and can’t retire until they are 70 years old. This individual is now 60 and trying to figure out how to slow down and still maintain a sufficient salary to meet their goals. This situationContinue reading “Reasonable Investment Plan”
We have six figure mortgages, car loans, student loans and sometimes credit card debt.