Tuesday, April 25, 2017

Should you trust the stock market? Pt II

Should you trust the stock market? Pt II


What if I told you there is a surefire way to invest in winners?

What if I told you about a method of stock selection that automatically dumps the losers—without requiring you to lift a finger?

And what if I then told you that this strategy costs less than other strategies, despite being more effective?!

You'd think I was a snake-oil salesman, right? But what if I'm telling you the truth, and the other guys are the snake oil salesmen?...



Saturday, April 22, 2017

Is College Worthwhile?

Two successful serial entrepreneurs are not optimistic about the future of higher education. In the videos linked below, billionaire Mark Cuban and multimillionaire Howard Tullman share their thoughts on the current trends in higher education. Their entrepreneurial histories demonstrate that these two are usually ahead of the curve.

http://www.inc.com/howard-tullman/playbook-4-year-degree.html

http://www.inc.com/mark-cuban/video-student-loans-bubble.html



Tuesday, April 18, 2017

Links for April 2017

Links for April 2017

Financial information that everyone, especially (but not only) young people, should know: http://www.youngadultmoney.com/2016/07/25/10-financial-basics-everyone-should-know/

Are you trying to substitute money for something else in your life? It won't work! Wisdom from Mindfully Spent: https://www.mindfullyspent.com/home/money-cant-fill-a-hole

Millennials: having trouble paying off your student loans? Sound the alarmTreat your debt like the emergency it is; pay it off like your hair's on fire!
https://www.learnvest.com/2017/03/millennials-this-might-be-why-you-cant-pay-off-your-student-loans/

Tuesday, April 11, 2017

Investing Peace of Mind

Maintaining Peace of Mind Despite Market Fluctuations

Every day, the stock market goes up and down like an angry mustang that doesn't want to be broken! Today was an example of a big downswing in the morning, followed by a near-full recovery later in the day:


screenshot of Google Finance Dow Jones Industrial Average report for April 11, 2017


screenshot of Google Finance S&P 500 report for April 11, 2017

Patience is the order of the day—every day! Especially with investing!

Thursday, March 30, 2017

25 free programs to help you make the most of your computer!

My favorite free software

I recently discovered this article, a version of which was originally posted here a year earlier (gotta love the Internet!). Recycled content or not, it got me thinking about some of the best free software that I've used.

Sunday, March 26, 2017

Value Chromebooks

Best Chromebooks 

If you're looking for a cheap computer to surf the Internet, or for your kids, a Chromebook might be a good option for your needs. Chromebooks have very limited capabilities, and I generally preferand advisecomputers with more robust capabilities. 

But if a Chromebook (or a cloud-first Windows netbook) is all you need, here are some of the best options:

Lenovo Thinkpad Yoga Chromebook; $200
http://amzn.to/2nXZ5ED

*My top recommendation
   -360-degree hinge, 4 GB RAM, 16 GB eMMC SSD storage, 11.6" HD screen, decent Intel Celeron N3150 processor, very positive reviews

Monday, March 13, 2017

Trick yourself out of debt!

Trick Yourself Out of Debt

As this tragic story demonstrates, debt can have life-shattering consequences. Seriously, follow that link and read the story. I’ll wait here.

Done? OK, welcome back! Pretty somber stuff, huh?...

For all the talk about money—how to save ithow to manage it, how to invest it, how to pay off your debt, which app is best to help you stick to a budget—there is very, very little talk about the emotional side of money. And that’s a topic that we obviously cannot continue to ignore!

Saturday, March 4, 2017

The 3 best passive income apps

The first guest post to be featured on my site! Dylan of http://www.thecollegecapitalist.com offered to write a guest post reviewing some extra ways to make some extra money. These are some good options to accomplish this goal! Take it away, Dylan...

 
The Three Best Passive Income Apps
By: Dylan, Founder/Owner of www.thecollegecapitalist.com

Let’s face it: we could all use a little extra cash!

Wednesday, March 1, 2017

A little fun

Today in unnecessary censorship:

No, Yahoo, my e-mail address does NOT contain a swear word! But gee, thanks for implying it...


This reminds me of the classic (and not kid-friendly...probably not work-friendly either, depending on the personality of your co-workers and/or boss) unnecessary censorship video of Ernie and Bert in conversation.

As far as I can tell, they're playing tag and Ernie is actually saying that Bert is "it." But nonetheless, it cracks me up every time! Maybe I just have a juvenile sense of humor. But hey, it gave me a good laugh anyway!

After all, they say that laughter is the best medicine!

Or, if you've seen The Dark Knight (the second movie in Christopher Nolan's Batman trilogy with Christian Bale as the Batman), Heath Ledger's Joker seems to think instead that slaughter is the best medicine...
[A good movie, but I obviously don't condone harming anybody]

Thursday, February 23, 2017

Is your retirement in jeopardy?

Due to severe budget problems, Puerto Rico will have to slash its budget, as announced in February 2017 (see http://www.businessinsider.com/the-board-has-spoken-puerto-rico-to-be-hit-with-painful-austerity-measures-2017-2). This includes cutting 10% from the retirement system for government employees, since that system is on the verge of running out of money completely. Sound familiar, U.S. residents?...

Image result

Saturday, February 11, 2017

Should you trust the stock market? Pt I

Should you trust the stock market? Part I

Historically, the returns have been good on the Dow Jones or the S&P 500. But, as every financial advisor cautions, past performance is no guarantee of future results.

Dow Jones (all-time, also note the log scale—this graph has a much steeper incline than it appears at first glance; see below):
A historical graph. From its record low of under 35 in the late 1890s to a high reached above 14,000 in mid-2011, the Dow rises periodically through the decades with corrections along the way eventually settling in the mid-10,000 range within the last 10 years.

Dow Jones (all-time, labeled with some historical highlights):


S&P 500 (since 1950, including adjustment for inflation):

Or, for those who would prefer an annualized chart of S&P 500 returns, here you go (all-time--note that the S&P 500 was called the "Composite Index" before 1957):

Notably, John Bogle (the founder of The Vanguard Group, an investing company) is not optimistic in the short-term: http://www.marketwatch.com/story/john-bogle-says-you-wont-make-much-money-from-stocks-2015-11-05

So, should you be optimistic? Is it wise to invest in the stock market? Is the market really trustworthy?

You don't need my advice. Take a look at the graphs above and decide for yourself.

Friday, February 3, 2017

How advertising ruins your life

According to this article, companies spent nearly $600 billion—that's billion with a b—on advertising around the world in 2015 alone!

All of this money is geared toward one thing: convincing you to spend, spend, spend! Is it really any wonder that consumer debt is sky-high, and 70% of Americans believe that debt is necessary? I'm here to tell you that it's not necessary. Not at all.

The point of advertising is to make you want stuff. And if you spend your money on stuff, it can't be invested and go to work for you. In fact, many businesses use some pretty clever psychological tricks to get people to spend money on an annual, biannual, or monthly basis. So, despite the clickbait-y title, it's true in a general sense: the constant stream of advertising ruins people's lives!

What happens if you don't buy into the advertising hype? Well, take me for example: I live on under $13,000 a year, before taxes. And I make money doing it! Not much money, mind you, but I live well below my meager means!

Saturday, January 28, 2017

A Tale of Two Kingdoms

My friend Bill at Wealth Well Done writes some true-ish stories as a creative way to communicate financial wisdom. So, in honor of Bill and of the parables of Jesus (many of which had to do, at least on the surface, with money), I've created a parable of my own:

A Tale of Two Kingdoms
There once was a kingdom with a very powerful army. One day, the king realized that he could make money while also providing protection for the nations he had conquered: he would allow the conquered nations to maintain their existing social orders, including their own forms of government. In return, each nation could choose one of a few different levels of protection—the amount of the conquered nation’s annual tribute depended on the level of protection they selected.

Wednesday, January 18, 2017

Links for your financial health, January 2017

Links for your financial health

Confused about the difference between Roth IRAs and regular IRAs or 401(k)s? Mr. Tako explains clearly and succinctly at http://www.mrtakoescapes.com/give-yourself-the-gift-of-wealth/:

"IRA / 401(s) — Don’t pay taxes now, pay later!
Roth IRA — Pay taxes now, but don’t pay taxes later!"
The above link at mrtakoescapes.com provides a great resource on wealth-building--a recommended read! Some other interesting and important thoughts for your financial health: