Rebalancing your portfolio decreases your portfolio risk *and* often increases your long-term returns
Your FI number—or financial independence number—details how much money you need to successfully retire. Or under the right circumstances, how much money you need to retire early.
Current 1-year stock market returns look amazing. Who would choose any alternative investing strategy when their current method has granted them 40%, 50%, or higher 1-year returns? We need to zoom out.
Take your gold-plated jewelry to the pawn shop, and dump your portfolio into silver dollars. You don’t want to miss this opportunity.
Surely that’s a typo…ergodicity!? No, it’s right! Ergodicity is a powerful concept in economic theory, investing, and personal finance.
For most of us, a 401(k) is our main approach to saving for retirement. The concept is easy—stash away money now and use it later. But there are alternatives to 401(k) accounts…and for good reason!
You have questions, I have the answers. Let’s talk through the GameStop short squeeze of January 2021.
Confused by the market? “Priced in” means that future news or events are already being considered in determining the price of a stock.
Using Wade Pfau’s data and “predictions” of the future, we’re creating an updated Trinity Study to use for our retirement planning.
Let’s put dartboard investing to the test, using real money in this year-long investing experiment. Will the darts beat the experts?