Getting Ahead for the Little Guy
I was talking with a coworker the other day about whether or not a particular stock is “near its bottom” or not, when another coworker asked “So who determines how much a stock costs?”
We explained that a stock is a part-ownership of a company, and that – in theory – its value is based upon [...]
While we’ve not adhered to it religiously throughout our life, my wife and I have tried – whenever we’ve received bonus income – to take half of it out immediately and put it into savings (or investments). We paid ourselves with it. In retrospect, we should have done that with every increase in our [...]
Phil Town’s book, “Rule #1 – The Simple Strategy for Successful Investing in Only 15 Minutes a Week!” (a mouthful!) is a fairly recent book that distills a proven stock investment technique into reasonably simple steps. In particular, the book is for inexperienced or first-time investors who have believed the dire warnings that “you can’t [...]
It was recently reminded to me that the investing isn’t just about risk versus reward. Otherwise, the lottery would be the only game in town – risking $1 to make millions. And paying (and therefore risking) $200,000 to buy a house house to make a $40,000 profit would be ludicrous.
But its about risk, reward, and [...]
A few months ago, an acquaintance of mine told me his own story of woe in the stock market. Now, my recollection may get some of the details wrong here, but I think the gist of the story is intact.
So this acquaintance – let’s call him Mike – gets a “hot tip” from a friend [...]
We bought a house around 12 years ago. A nice “starter home.” We lived there eight years. Eventually, we outgrew it. The neighborhood had gone downhill. I got a job quite a bit further south, and the commute stank. It was time to leave.
Unfortunately, we found that the value of the house had not appreciated [...]
Sometimes you get the bear.
Sometimes the bear gets you.
And man, I thought I was ready for the bear today! I had a bunch of bearish positions in the options market and everything. I was expecting a dip (still am) which might take us 1/2 to 2/3rds of the way down to our mid-March positions (could [...]
A few months ago, I listened to an investor describing his strategies. He had a short-term strategy, a medium-term strategy, and a long-term strategy. The medium-term strategy he referred to as his “get rich” strategy, and the long-term plan was his “stay rich” strategy.
This wasn’t an unfamiliar idea to me. I recall sitting in a [...]
I recently finished reading “Rich Dad Success Stories,” subtitled “Real Life Success Stories From Real Life People Who Followed the Rich Dad Lessons.” That’s something of a mouthful, so I’ll just call it “Success Stories” from here on out, ‘k?
I’ll also add here that about half the books I “read” I actually listen to in [...]
My car is a ‘99 Chevy Malibu. Yes, it’s nearly a decade old, but we haven’t had to endure car payments in years for either of our cars. Which is why I’m a little reluctant to trade it in for all of it’s ~$1000 trade-in value to buy another car (probably used).
Unfortunately, after years of [...]