What do sports betting and stock picking have in common? They’re both gambling. Late last year, after spending a significant amount of time talking with fiduciaries and reading The Little Book of Common Sense Investing by Jack Bogle, I fired my financial advisor, and took over my investments. My mini-retirement had finally given me the… Continue reading Betting on a player. Betting on a team. Betting on a league.
Visualize failure – the best way to prepare for anything. Imagine this financial independence worst-case-scenario: You have just reached FI. Your net worth has crossed your magic number and you are finally able to cover 25x your annual expenses.You are financially independent and you now plan to work one more year to pad your FI.… Continue reading Are you prepared for your financial failure?
GameStop’s stock surged yesterday, on the backs of Redditors, Robinhood investors, and Elon Musk But seriously. This business with GameStop, while sort of comical, is not that shocking. Sure it might be fun in that that professional investors got their butts handed to them by Redditors and Robinhood investors, but this is a warning sign… Continue reading GameStop manipulation proves why individual investors should avoid stocks and invest in the entire market instead