Traditional Economists or Self-help authors? So the question is whether popular finance books give the same valuable advice as academic economists. Economist & Finance professor James J. Choi was so interested in this question that he surveyed the 50 most…
Holding is the hardest part because it combines ALL the feelings & potential regrets that can arise from both buying & selling. Buying is the easy part of buy-and-hold. Anyone can buy-and-hope. It’s the hold part that’s hard. It was…
No one will ever sell me a get-rich-slow plan (because it wouldn’t sell very well), but it’s the only one that consistently works.
Because I have a 100% success rate with my previous stock market forecasts & because it’s kind of a tradition here we go again. But first, let’s ponder on this: I’ve long believed that forecasts can be valuable even when…
If your answer is “𝑁𝑜𝑡ℎ𝑖𝑛𝑔, 𝑟𝑒𝑎𝑙𝑙𝑦.”Okay, so why try so hard to earn lots more money? If your answer is “𝐼 𝑠𝑝𝑒𝑛𝑑 𝑖𝑡.”Okay, so once you make money, hanging on to money is just as hard as making it. You…
Have you ever sold a stock too soon or passed up an opportunity that went on to experience explosive growth? I did. I bought Tesla stocks back in April 2013 at USD50. Fast ride up. Held them till June 2013…
This one was a big problem for me in the past … That tiny graph shows that no matter where our current salary is 𝗲𝘃𝗲𝗿𝘆𝗯𝗼𝗱𝘆 𝘄𝗮𝗻𝘁𝘀 𝗮 𝘁𝗶𝗻𝘆 𝗯𝗶𝘁 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝘁𝗵𝗲𝘆 𝗵𝗮𝘃𝗲 𝘁𝗼 𝗳𝗲𝗲𝗹 𝗵𝗮𝗽𝗽𝘆/𝗹𝗲𝘀𝘀 𝘀𝘁𝗿𝗲𝘀𝘀𝗲𝗱. We don’t realize…
𝗪𝗵𝗼 𝗶𝘀 𝘄𝗶𝘁𝗵 𝗺𝗲? 🙋♂️ I choose to believe that the future will be better than the past. We live in a world where far more people wake up in the morning, trying to make the world a better place than…
“𝙁𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙨𝙪𝙗𝙨𝙩𝙖𝙣𝙘𝙚, 𝙨𝙢𝙖𝙡𝙡 𝙙𝙤𝙨𝙚𝙨 𝙨𝙩𝙞𝙢𝙪𝙡𝙖𝙩𝙚, 𝙢𝙤𝙙𝙚𝙧𝙖𝙩𝙚 𝙙𝙤𝙨𝙚𝙨 𝙞𝙣𝙝𝙞𝙗𝙞𝙩, 𝙡𝙖𝙧𝙜𝙚 𝙙𝙤𝙨𝙚𝙨 𝙠𝙞𝙡𝙡.” – 𝘼𝙧𝙣𝙙𝙩–𝙎𝙘𝙝𝙪𝙡𝙯 𝙧𝙪𝙡𝙚 (𝙥𝙝𝙖𝙧𝙢𝙖𝙘𝙤𝙡𝙤𝙜𝙮) It’s a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. 𝗔 𝗹𝗼𝘁 𝗼𝗳…
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…