Tacomob Blog | Taking Care Of My Own Business

Index Funds don’t have an ego

Andy 20th November 2022 10th December 20220

𝗣𝗿𝗲𝗺𝗶𝘀𝗲 𝟭: 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴 𝘁𝗲𝗿𝗺.𝗣𝗿𝗲𝗺𝗶𝘀𝗲 𝟮: 𝗦𝘂𝗿𝘃𝗶𝘃𝗮𝗹 𝗶𝘀 𝗮𝗻 𝘂𝗻𝗱𝗲𝗿𝗿𝗮𝘁𝗲𝗱 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. The good news about the recent market turmoils is that Index Funds don’t have an ego. ✔ They won’t commit fraud against you or…

From dumb money to smart money in two moves

Andy 29th October 2022 29th October 20220

𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗶𝗻 𝗹𝗶𝗳𝗲 𝗰𝗼𝗺𝗲 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝗲𝗱 𝗲𝗳𝗳𝗲𝗰𝘁𝘀 𝗼𝗳 𝗼𝘂𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗼𝘃𝗲𝗿 𝘁𝗶𝗺𝗲, 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝗶𝗻 𝗼𝘂𝗿 𝗰𝗮𝗿𝗲𝗲𝗿𝘀, 𝗵𝗼𝗯𝗯𝗶𝗲𝘀, 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀, 𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀. Isn’t one of our motivators to work the money we get for it❓Then let’s also have…

Panic – It’s not a helpful emotion

Andy 18th September 2022 18th September 20221

Especially not when making investment decisions. Uptrends are slow and methodical. Gains don’t come in big chunks but rather a stairstep process. Uptrends almost lull us investors to sleep because there isn’t much going on in terms of volatility. Downtrends, on…

When you have money, you don’t have to spend it

Andy 4th September 2022 4th September 20222

Bias: Slow down and think. Don't trust your intuitions.

𝗖𝗼𝘂𝗹𝗱 𝗶𝘁 𝗯𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴𝗲𝗿 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗵𝗼𝗹𝗱 𝗼𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝗺𝗼𝗻𝗲𝘆, 𝘁𝗵𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲? ❌ The truth is, when you use money, you lose it — forever.✔ When you keep money, you keep it —…

Time is Money vs Money is time

Andy 21st August 2022 21st August 20222

𝗪𝗵𝗶𝗰𝗵 𝗼𝗻𝗲 𝗶𝘀 𝗶𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … 🤔 … 🤔 Could it be that they want to trade it for more time, not…

We all make mistakes with our finances

Andy 14th August 2022 14th August 20220

… and that’s ok. No one has this stuff all figured out. Sometimes you have to make decisions in real-time with imperfect information. Sometimes your emotions get the best of you. Sometimes your financial situation is just the result of…

What you do against inflation matters

Andy 31st July 2022 31st July 20220

I am curious, what do you do to beat inflation? It is almost impossible to “out-save” the inflation rate. One can only “out-invest” the inflation rate. Savings are risky in the long term – guaranteed. Because inflation is the gift…

Your Ability to Spot Financial Bullshit Predicts your Financial Well-being

Andy 17th July 2022 17th July 20220

𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗶𝗰𝗵 – 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸, 𝘁𝗵𝗲 𝘀𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲, 𝗼𝗿 𝘁𝗵𝗲 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝗴𝗿𝗮𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝘁𝗼 𝗮𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲 𝘀𝘂𝗰𝗵 𝘄𝗲𝗮𝗹𝘁𝗵.

Living within your means is …

Andy 3rd July 2022 3rd July 20220

I know, that’s not a really popular topic for investors & traders. But living within your means is not a ‘nice goal’ to have – it is a must. Here is why: 1️⃣ Those that don’t are in serious trouble…

Breathe and let be

Andy 19th June 2022 19th June 20220

Tough markets out there right now. How are you coping? The journey towards building wealth starts with the battle between your ears. 𝗦𝘁𝗼𝗽 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝘀𝗼 𝗺𝘂𝗰𝗵 𝘁𝗶𝗺𝗲 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗵𝗲𝗮𝗱! Instead, increase your exposure to humility during markets like these.…