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 …
Instead of providing monthly updates, I will be providing biannual updates so I can actually tend to my other projects. I started this series to reflect on our goals and share some things I learned while working towards our financial goals. I hope you get some value from this and if you haven’t already, check …
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 $3,400. …
As of the end of 2019, we’re nearly one-their of the way from our FI number ($ we need to retire).
I have learned that recessions are as natural as the change of seasons. Except that they don’t come as predictably, but they do come in a cyclical pattern. When the economy expands, it will also need to contract at some point. This is why they call it the boom-bust cycle. So, when is this recession …
