As a small retail investor it is important to take a patient and disciplined approach to your money. You have to attempt to maximize your ability to buy low and sell high. In this spirit you have to watch out for getting caught up in market momentum. It truly is a lot of fun toContinue reading “When You Should Build Cash Reserves”
Category Archives: Interest Rates
Rule of 72
Every investor and borrow absolutely must know and understand the Rule of 72. The Rule of 72 is a simple math shortcut that can be used to quickly figure out the amount of time it will take for money to double at a fixed rate of interest. The way it works is easy. All youContinue reading “Rule of 72”
Think About Sectors When Investing
When considering investing in sectors, whether in stocks, ETFs, or other financial instruments, it’s crucial to approach it with a thoughtful and strategic mindset. Each sector represents a distinct segment of the economy, characterized by unique market dynamics, regulatory environments, and economic sensitivities. Here are key aspects to contemplate when thinking about sectors for investment:Continue reading “Think About Sectors When Investing”
Understanding Inflation
Inflation refers to the general increase in prices of goods and services in an economy over time. It’s typically measured as a percentage change in the average price level of a basket of goods and services consumed by households. Here’s a breakdown of inflation and its long-term effects: Causes of Inflation: Effects of Inflation OverContinue reading “Understanding Inflation”
Gen X Is Not Ready For Retirement
The oldest members of Gen X begin turning 59 1/2 this month. That is the earliest age when they can start withdrawing retirement assets without a penalty. But many members of Gen X are far from prepared with almost half saying it would take a “miracle” for them to be able to retire. That’s leftContinue reading “Gen X Is Not Ready For Retirement”
Simple Method to Evaluate Mutual Funds
There are thousands of available mutual funds for investors. It can be overwhelming trying to find the best ones for us. Here are my tips that I’ve learned over the years to keep it simple. First, the number of available funds will be cut down significantly if you have a job due to what isContinue reading “Simple Method to Evaluate Mutual Funds”
Market High? Time to Lock in Gains?
The DOW, NASDAQ and S&P 500 are at very high levels right now. If we are attempting to always “Buy low and Sell high”, right now is a definitive moment when we should consider locking in gains on certain investments. Which investments should we consider selling? Look at those investments that have run up rapidly,Continue reading “Market High? Time to Lock in Gains?”
Why Saving the First $100,000 is the Most Difficult
Saving money can indeed feel challenging, especially when you’re just starting out. Several factors contribute to why the first $100,000 might be particularly difficult to save: Despite these challenges, saving the first $100,000 is a significant milestone that can set the foundation for future financial success. It requires perseverance, discipline, and a commitment to yourContinue reading “Why Saving the First $100,000 is the Most Difficult”
How Many People Get To 1 Million in Retirement?
I came across this article which asks this very important question, what does the data tell us about how many people actually do retire with 1 million in the bank? The 1 million sum is great because first off it is a lot of money. Next, it is also a nice round number that isContinue reading “How Many People Get To 1 Million in Retirement?”
Saving Takes Discipline!
Making money is hard. Saving money I will argue is even harder. It absolutely takes a discipline and patience that just does not come naturally for everyone. If you want to make money one of the most important things that you can do is to work really hard. If you are willing to put theContinue reading “Saving Takes Discipline!”
Patient and Disciplined Saving 