Make A Plan For Your Money
In Technical Analysis Part 1, I used carefully tested methods to predict where the S&P 500 would be in three weeks. And now it's been three weeks. Let me show you how well technical analysis works if you just trust the model (and ignore all the failed predictions). Also, we'll answer the question: What is …
Continue reading "I Told You So – Technical Analysis – Part 2"
Finance Friday, August 10th, 2018 This week I share articles about college hustle, life insurance strategies, an interactive retirement calculator, and free lunch. Happy Friday! 1. How to Build a Life Insurance Ladder I've talked a fair bit about life and death, and I've got my personal emergency fund in a CD ladder. Dr Linus shows …
Track Your Progress If you want to change it, track it. (If you just want to get tracking already, click here to skip ahead.) This simple mantra works everywhere. Your diet? Children's bedtime? Car's fuel efficiency? Golf handicap? But most importantly for today: Your Finances. To change your financial picture, track your progress. Below, I give …
My Goals and Progress - August 1, 2018 Almost the moment I published my first progress report I was eager to update a new version. I'm a sucker for data and tracking and goals. Now that two more months have transpired, I think it's finally worthwhile to check in on the site's progress. Site Goal #1: …
When I recommended an investment plan for Stacey, I suggested she setup a three fund portfolio. It's a simple, straightforward target that will accomplish the investment goals of a vast majority of people. In fact, it's my default recommendation to anyone who asks for allocation advice. And this question has been nagging at me ever …
Continue reading "Should I Switch to a Three Fund Portfolio"
A Thought Experiment: Progressive Tax A progressive tax imposes a lower tax rate on lower earners and a higher tax rate on higher earners. I believe a progressive tax code is an important pillar of a healthy society. But as individuals earn more money and thus pay more taxes at a higher rate, they often …
Financial Blogger Makes Uncanny Prediction About Market: You Won't Believe What Happens Next! Get ready for amazing returns with no risk.† I'm going to tell you exactly where the S&P 500 will be trading three weeks from now, at the end of the trading day on August 15th, 2018.† I'm going to show you something literally …
Stacey is a dental hygienist making about $66,000 per year after taxes. She is 27 years old, and single. She emailed me to ask about making a plan for her money. Background Spending Stacey does not have a budget. I asked her to write down every single thing she spent money on in the past …
I was making a Plan for Stacey and she got to a point where it was time to set up a Roth IRA with a three fund portfolio at Vanguard. That was a little intimidating for her because it was entirely new, but it's really pretty simple to do. Just follow the steps below! Objective: Set …
Continue reading "How to: Set Up A Roth IRA Three Fund Portfolio at Vanguard"
Finance Friday, July 13th, 2018 Money doesn't cause happiness, and happiness doesn't cause money. But they are intricately related! Read on for some of the best articles I encountered this week. 1. Correlation between Money and Happiness Ms. Ziyou gets two things right that so many people confuse. The first is a proper understanding of …