In my video today, I discuss “what’s your philosophy?”. I don’t mean stock investment philosophy, I’m talking about what you value in your investments.
Liquidity, transparency, marketability. These are core values of mine.
But, others can have a different approach with different importance placed on certain criteria, and that’s okay! What works for you doesn’t have to work for them, and vice versa.
For a full discussion of this, listen to my 4 minute video.
Two of the richest men in the world, and the brains behind Berkshire Hathaway.
I’m a big believer in behavioral finance, and that our behavior many times is the deciding factor whether we’re successful or not.
I like this quote from Warren Buffet
Temperament is more important than IQ. You need reasonable intelligence, but you absolutely have to have the right temperament. Otherwise, something will snap you.
Click on the above video, and click on the below link for the full article
Buffet and Munger Advice – Full Article
Americans’ grasp of concepts such as investment risk and inflation has weakened, lower than 2009, according to research reports.
On the flip side, confidence is still high, and many people gave themselves high marks for managing their finances even as they were using payday loans or over-dawing their checking accounts.
As my video above discusses, understanding some of the “big issues” can determine the success or failure in reaching your goals.
You obviously have higher than average financial knowledge (because you’re reading my newsletter), but still let me know if I can help you or someone you know, in tackling all financial decisions.
Nothing illustrates the point that the stock market doesn’t always reflect properly the underlying strength of an economy than the Venezuelan stock market.
Scarce basic necessities, but a stock market up over 600%. Disconnect?
Bubble? Probably a yes on both.
The dark green counties are the richest in the U.S. by income levels.
And yes, in case you’re curious, Boulder County is one of those.
For the full article, and for Poverty Rates by County, click on the following link.
Many people have asked “how can I be rich?”.
The question is so difficult to answer. Besides the obvious “win the lotto” and “hope you inherit tons of money”, most of us will increase our probability of reaching our goals if we simply spend less than we make, save religiously, invest wisely, and avoid catastrophic financial events.
Your ability to make saving a habit is one of the first steps.
Perhaps you’re already a good saver.
Whether you’re a great saver or wish you could be better, I encourage you to click on the below link for some great tips.