I initially wrote this post in mid-February 2022 and the stock market was not looking so good. Currently, stock market sentiment is still not great. This is why I adjusted my strategy when investing during uncertain Times With this market correction and fears of world war III, I figured that I would share my strategy …
Warren Buffet has famously said that his holding period for his stocks is “forever,” but that doesn’t mean he never sells. The difference is that we don’t have a team of people behind us and we certainly don’t have decades of investment experience. That being said, in this article, I will go over some reasons …
No one is going to give you something for nothing. Even those who earn money passively through real estate, business, and stock market investments needed to put in work at some point. There is no denying how much upfront time, energy, and effort it may take to disconnect the linear relationship most of us share …
If you invest any money at all it is important to create your own investment policy statement (IPS). Even if you’re just getting started with your 401k, I would highly recommend spending creating an IPS. If you’re expanding to other accounts like IRAs, HSAs, 529s, or individual stocks, it becomes even more important to create …
Since learning how to be a self-directed investor, my wife and I have been reading heavily on how to react during our first bear market. For all you new investors, a bear market is defined as a 20% drop in the stock market from its all-time highs. Out of all information we consumed from books, …
For most people, it is a good idea to rollover your 401(k) elsewhere unless your cost-benefit analysis says otherwise. This is because it often reduces costs and simplifies your investments. As with most important matters, you need to keep in mind a few considerations before making this decision.
By now, many of you have received your stimulus check of up to $1,200 if you qualified and if you had dependent children 16 or younger, you would have received another $500 per dependent. That means a family with two parents and two children under 17 years old, that can be a potential of $3,400. …
Unless you were raised by personal finance ninjas, the thought of investing your hard-earned money can be a scary thought. Constant predictions of market crashes and mysterious bubbles bursting doesn’t help either. My wife and I kept 99% of our money in cash and very little of it was invested in our retirement accounts, let …
Credit cards are an incredibly powerful piece of plastic that nearly everyone has in their back pocket. Purchasing power & convenience: They allow you to purchase things without needing to carry around cash, especially for big-ticket items. Builds credit history: The more responsible you are with your revolving debt, the better your credit history and …
When I talk to my co-workers, friends, and family about investing, we usually talk about where we can place our money to maximize growth that aligns with our financial goals and risk tolerance. But today, let’s talk about investing in the most important asset you own, YOURSELF! 1. Take time off work One of the …
