When it comes to investing, things can quickly get complicated, or you can choose to keep it simple. One way to simplify investing is by opting for index funds, which have been gaining popularity over the last two decades. However, even index fund investing can become overwhelming when faced with the task of choosing from…
In a previous post from September, we covered some famous adages and sayings from the world of personal finance. In this post, we go over other adages and sayings, but this time from the world of investing. These timeless investment adages serve as guiding principles, offering simple yet profound advice for navigating the complexities of financial markets. Each saying offers a unique perspective, but together, they emphasize the importance of discipline, patience, and an informed approach to investing. Integrating these principles into your own strategy might not guarantee success, but they provide a solid foundation for making smarter, more resilient financial decisions. Remember, investing is a journey, and the best strategies are those aligned with your financial goals, risk tolerance, and market understanding.
If you’re new to the world of investing, you’ve likely encountered terms like index funds and ETFs, which have recently gained significant popularity. These are examples of “directed investments,” appealing for their hands-off approach, low costs, and other benefits. On the other hand, there is the traditional method of investing, where individuals research and select…
As part of my investment strategy, my portfolio is spread across several accounts, including a work-funded account and others where I pay no transaction fees. Additionally, I set aside a fixed amount each week, and once it reaches a certain threshold, I use that money to purchase new investments, such as stocks, bonds, or ETFs….
I’ve been actively investing—and even dabbling in stock trading—for over 15 years. Yet, in a twist that surprises even me, it wasn’t until this year that I finally ventured into the world of index funds, those elusive ETFs I’d somehow overlooked for so long. Why did it take me so long? And more importantly, what…
The more I delved into investing over the years, the more I kept reading about the ‘never sell a stock’ crowd, those who refuse to sell virtually any of their good stocks, even if the revenue from it could bail them out of jail! But after my own experience with investing for the last 15…
I will never forget the day I used ChatGPT for the first time, shortly after its release in late November 2022. I asked it a seemingly simple question: ‘What date was 900 days ago?’ As a new tool, it was reasonable to expect it to handle such a basic query. However, it fumbled the answer…
Getting started is better than waiting for perfection or never starting at all. When I first ventured into investing around 2009, I didn’t possess much knowledge, but I was eager to begin and gain some experience. It turned out to be a challenging start, marked by various mistakes that ultimately contributed to my growth as…
Deciding whether to reinvest your dividend returns or spend them entirely depends on various factors such as your age, lifestyle, and financial goals. On one hand, reinvesting dividends can be a prudent choice, especially for those looking to build wealth steadily over time. On the other hand, spending all dividend returns may be suitable for individuals who have already attained financial independence or have specific yearly return objectives in mind
It is safe to say, no billionaire – and most millionaires – would have reached their level of financial success, without some form of investment. Investment doesn’t have to be about stocks or mutual funds, and may include buying land, investing in a business, real estate etc.