Chasing Money Ghosts

Dumb luck or smart strategizing?

Update Apr. 17, 2018: This post has been

featured by Camp FIRE Finance!

I'm a fan of Jim Collins, also known as jlcollinsnh after the URL of his blog.

Apparently, Google is also a fan! They hosted him for a Talk at Google in Chicago, which you can view in its entirety on YouTube, right here:

Links for May 2017

Links for May 2017

-It's wise to create multiple sources of income, so that you're not held hostage by a single source: http://rockstarfinance.com/rich-habit-20-creating-multiple-streams-of-income/  Side hustles are great!

-Bridget from MoneyAfterGrad makes a few insightful points here:  http://www.moneyaftergraduation.com/2016/05/03/the-future-youre-saving-for-does-not-exist/

Should you trust the stock market? Pt II

Should you trust the stock market? Pt II

Check out Part I here

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?...

S&P 500 through 2015; graph from http://cbsnews1.cbsistatic.com/hub/i/2016/01/05/8bc2c493-ba40-4703-9979-c19534cbae20/64b19a4e258194bd5d72f1b77e371301/s-p-500-return-through-2015.gif

From article at http://www.cbsnews.com/news/not-everyone-lost-money-on-the-s-p-500-last-year/

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

https://pixabay.com/en/stirling-castle-scotland-stirling-202103/

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.