Bitcoin has been on a tear recently. Currently trading at $38,319.59 it has almost quadrupled in price since September of last year. Not coincidentally, the Dow is also trading at all-time highs. To me, it looks like a severe case of fear of missing out, with stock and crypto prices skyrocketing for no apparent underlying economic […]
It is 1989… You just graduated from college and you’re off to London to study abroad for a year. You inherited $20,089 from your grandma, which you plan on using to buy a new BMW 325i when you get back. You know the exact one you want, but it’s gonna have to wait as you spend the […]
“If you want to lift yourself up, lift up someone else.” – Booker T. Washington My family and I recently volunteered at a local soup kitchen and before we started our shift, the homeless center’s Director took all the volunteers aside to give us some advice. He told us the greatest act that […]
Passive income is a must because you may tire but your money will never retire. – Jugdish Ahuja There is no security in a job, even a high paying one. Be smart and don’t rely on just one source of income. – Ray Higdon If you don’t find a way to make money while you sleep, you […]
I have a good friend who insists on doing everything himself. Hire help for home repairs and remodeling? Forget about it. My friend is in car sales so he has every Wednesday off. Everyone in car sales works on Saturdays. Anyway, this buddy of mine has spent his last four Wednesdays off remodeling his […]
The levels of demand for travel – especially cruise travel – is off the charts. Worldwide lockdowns, social distancing, and travel bans have created an unprecedented demand for cruise travel once the government and industry restrictions begin to lift. In a recent study by the American Society of Travel Advisors (ASTA), participants were asked: “If the […]
On Monday, October 26, 2020, a headline on MarketWatch.com read: It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns. In the article (paraphrasing an article in the New York Times), Robert Shiller, a Nobel Prize-winning economist and Yale professor, cautions about the dangers of investing in the top-heavy stock […]
Like marriage, investing can be tricky. It has its ups and downs but the key to success is perseverance. In marriage, life, and investment matters, when things get rough and we feel things beginning to fall apart and failure is imminent, quitting is easy. Perseverance is the one trait that allows us to pull […]
When someone tells me something is free I always ask them what’s the catch. Nothing’s ever free – like free lunches paid by taxpayers. Take for instance the government’s $2 trillion economic stimulus package launched in April to help struggling individuals, families, and businesses reeling from the COVID-19 lockdown. Those checks, loans, and […]
To all retail investors, I have a question for you: What’s your investment window? In other words, how long do you typically hold your investments? Years? Weeks? Days? Hours? Are you a day trader ducking in and out of investments depending on the day or your mood? Or do you lock your money up for the […]
