Warren Buffett once told Becky Quick on CNBC that he’d buy up a couple hundred thousand single-family homes if it were more practical for him to do so. Real estate is one of those areas where expertise, research, and hard work can yield what investors call “alpha.” It’s what a successful investor is able to […]
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.
We have all heard the phrase “time in the market trumps timing the market.” That phrase simply means that timing the market is a fool’s errand. You cannot win. It’s far more important to be invested in the market and stay invested in the market. You only start touching your investments when you need to […]
Have you ever heard of the term bankers’ hours? If you look it up in Urban Dictionary, it says: Working or being open for the shortest and most inconvenient amount of time (~10am-4pm). Also includes a long lunch break and every possible holiday off. For many years, banks had the worst hours. They weren’t open […]
Robo-advisors have been around for years. Betterment, one of the oldest, was founded over ten years ago in 2008 and has $13.5 billion in assets under management (as of March 2018). It still pales in comparison to Vanguard, founded in 1975 and has $5.1 trillion in assets under management (as of January 2018), but it […]
Are you looking to open a new brokerage account but aren’t sure which one? Many brokerage firms compete for business by offering new account bonuses based on the assets you can transfer to their platform. While the bonus shouldn’t the only consideration, it can be a big one since the dollar amounts are so large […]
For years, Google Finance was one of the best portfolio trackers available. You could put in a list of stocks, including transaction information, and it would give you a snapshot in moments. It even kept a cash balance so that transactions could reflect an actual portfolio. It was one of the go-to platforms for investment […]
I love my Roth IRA. I was lucky in that my dad pushed me to open one the moment I started earning money that was reported on a W-2. The Roth IRA was created in 1998, the year I started college, so I got in as early as once possibly could have gotten a Roth […]
I’ve always heard that real estate is the path to wealth. You probably have too. For many Americans, that means your primary residence. You buy it, you make your mortgage payments, and those “forced savings” plus property appreciation result in equity that often makes up a large percentage of your net worth. For others, it […]
Passive income is the dream. It is said that millionaires have seven streams of income and I personally believe income streams free you from the shackles of employment. But passive income can be a little… irregular. Irregular income isn’t an issue if you know how to handle it, but why build a passive income system […]
We are wonderfully predictable creatures, aren’t we? 🙂 We love to gamble. We love the get rich quick story. We love the lottery. We love the rags to riches story so much that it is the basis of many classic stories. And no one likes to gamble, get rich quick, or play the lottery like […]