Investing

Charlie Munger Resources (Books, Speeches, Letters, And His Recommended Reading)

Charlie Munger has been Warren Buffett’s right-hand man for decades. He is the vice-chairman of Berkshire Hathaway. Munger is known for his witty quotes and his fascinating stories. Munger has stressed the importance of mental model to improve decision-making in investing, and in life. His speeches and writing have nuggets of wisdom that everyone can …

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I Bonds – Safe Investment That Offers Decent Return

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Money market funds and saving accounts pay almost zero percent interest these days. But these accounts are ideal places to put your emergency fund because they offer liquidity. Let’s say that you already have an emergency fund, and you are looking at investing your excess cash. You decide that you don’t want to invest that …

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Keys To Investing Success – Patience And Less Activity

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Have you had this experience? You sell a stock because it keeps going down every day. Right after, you sell it, the stock reverses and starts going up. Not only does it go up, but it goes on to be a huge winner. In this case, you chose the right stock but you just couldn’t …

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Amazon’s Moves Affecting Your Portfolio? Don’t Panic. It May Be A Good Investing Opportunity

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Amazon is one of the most powerful companies in the world. With hundreds of billions of dollars in revenue, the company is still growing rapidly. Multiple times a year, the company announces its foray into a new market. The stocks of incumbent players in Amazon’s new area of focus fall sharply on the news. This …

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Pros And Cons Of Robo-Advisors

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Robo-advisors are a great substitute for personal financial advisors. They can do can most of what personal financial advisors can do for a fraction of the cost. It’s not a surprise that they have been in the news a lot lately. What is Robo-Investing? Robo-advisors invest money based on algorithms. These digital advisors use technology …

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5 Best Budgeting Apps For 2023

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Budgeting is the foundation of personal finance. If you don’t know where your money is going, it is very hard to plan for the future and build wealth. Smartphones are an integral part of most people’s lives. So it makes sense to have a budgeting app on your phone. In addition to providing basic budgeting …

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Fortunes Are Made Coming Out Of Recessions

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Markets are in free fall due to high inflation and the Fed raising rates to combat it. The economy appears to be in recession. Almost every day this week, the Dow Jones Industrial Average was up 1,000 points or down 1,000 points. The volatility index is in the 30s and 40s. During calm times, the …

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Recessions Are Opportunities To Build Wealth

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Recessions are a time of anxiety for people. During recessions, your portfolios are down, your job is no longer secure, and it appears that the world is about to end. It happens to everyone, including those who have a sound financial plan that will get them through a recession. You postpone your vacations or at …

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Investing Mindset – Ignore The Headlines

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News headlines today are designed for clickbait and sensationalism Decades ago, the news was meant to inform readers. These days, however, the news is dominated by clickbait headlines and a huge appetite for sensationalism. With the rise of social media, this problem has actually gotten worse. People prefer to get news from their favorite outlet …

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Why The 4% Withdrawal Rule May Not Work For You

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The 4% withdrawal rule is well known among financial planners and people planning their retirement. It was developed by William Bengen in 1994. The rule says that if people withdraw 4% in the first year of retirement, and adjust that amount for inflation every year after that, the money would last about 30 years. Another …

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