I have a friend who enjoys horse racing. Well, to be precise, I have a friend who enjoys betting on horse races. When we go to Las Vegas, we like to spend an afternoon at a sportsbook. We pool our money and he picks a few races. On any typical trip, we sit down with […]
When I was younger, I was taught that the key to financial freedom was saving as much money as you could.
While true, it's not the whole story. Saving can only get you so far - you need to invest prudently too.
Many years ago, companies that promised free stock trades were living on borrowed time. High volume traders plus no commissions meant bankruptcy for the likes of Zecco (eventually acquired by TradeKing, which was itself acquired by Ally Bank). But Robinhood has shown us that a brokerage offering free trades can work. They’ve figured out you […]
Not too long ago, I wrote about how I was never going to buy Bitcoin. Back then, it was going for $11,000 a coin. Today, the price is around $6,500 a coin. Bitcoin and other cryptocurrencies can be extremely volatile. But that’s what makes them appealing for so many people. Much like daytrading was popular […]
I enjoy reading the news but it can be stressful to see the stock market go up and down. Well, only when it goes down. The up days are nice. 🙂 It’s even more stressful when all the news lately is how we’re minutes away from a recession. Logically, I know that I should not […]
In 2010, I found myself attending the Finovate Fall event in New York City. Even though I’d been a personal finance blogger for over five years, I hadn’t heard of so many of the companies presenting. I took a lot of meetings those couple days including one with a young guy planning on changing the […]
When peer to peer lending platforms like Prosper and Lending Club first appeared, people went crazy for them. It was a new asset to invest in and people were analyzing them to find an edge. “Investing” in unsecured personal loans sounds risky but with it being so new, no one knew exactly how risky. The […]
The internet, and your office watercooler (what an anachronism!), is littered with stories about how so and so made a bundle selling their home or some hot stock investment. Just the other day, I was talking to a reporter about how my holdings in Southwest Airlines are up 637% over the like 7-8 years. That […]
Just the other day, someone read my post about how we track our net worth and asked me a really simple question – how do I track our investments? The short answer is… well, I don’t. I check my investments once a month, when I update the spreadsheet, and then I don’t really look at […]
In 2012, Warren Buffett appeared on CNBC’s Squawk Box with host Becky Quick. Warren Buffett told Quick that if it were practical, he’d buy up a couple hundred thousand single-family homes. It’s a very attractive asset class. It’s now six years later and while the residential market has heated up in many areas (just ask […]
Early retirement is a popular subject lately and with good reason – being able to tell your boss to “shove it!” is appealing (unless your boss is cool, then maybe it’s bittersweet… but still a little sweet). There are a lot of fantastic early retirement blogs that can show you the path but the steps […]