How Long Will You Live?
Most people don’t understand life expectancy data…which means they don’t understand the fundamental aspect of retirement planning.
Most people don’t understand life expectancy data…which means they don’t understand the fundamental aspect of retirement planning.
The biggest change for individual investors in 2022 and 2023 involves rising interest rates. And you might be leaving thousands of dollars on the table.
Capital gains taxes are a bit dry…but important to understand! Let’s cover the basics and correct the common misconceptions.
Icarus flew too close to the sun. But underconfidence was a risk he faced too. Investors should learn both sides of that lesson.
In the financial world, the friction – or lack thereof – sends a clear message about who you’re dealing with.
It takes confidence to take action. Investing is risk, and risk is scary. But overconfidence leads to too much action and screws it all up.
The best time to extinguish a fire is at the start. Stop the compound spread as early as possible and prevent an inferno. Investing is the opposite. Interrupt your compounding as little as possible. Let your “inferno” grow and grow and grow.
An overemphasis on statistics leads to poor conclusions and poor decisions. When numbers replace thought, bad outcomes abound. It certainly happens in investing.
Saving money is a no-brainer. Its benefit is obvious. You have more money! Your bank account grows. Your 401(k) grows. You can retire (potentially early) and do fun things with the savings you’ve built up over time.
But there’s a second, hidden benefit to saving money.
What happened – and is happening – at Silicon Valley Bank? Do you need to be worried about another financial crisis?