Asset Allocation Many investors use a common rule of thumb to help with their asset allocation. They simply hold a percentage of stocks equal to 100 minus their age, and put the remaining amount in fixed income assets. So for a typical 30 year old millennial, 70% of his portfolio would be in equities, and the rest (30%)… Read More »
Motivational speaker Tony Robbins interviewed self-made billionaire Ray Dalio. Ray heads the largest hedge fund in the world, Bridgewater Associates, which has over $150 billion in assets under management. The All Weather Portfolio According to Ray, “there is one thing we can see with absolute certainty: every investment has an ideal environment in which it flourishes. In other words, there’s… Read More »
Why It’s So Easy to Overspend We are all tempted by instant gratification to some extent. And thanks to poorly implemented public policies it’s now easier than ever to live beyond our means. When we run out of savings, we can simply use credit to continue buying what we want. At least that’s what I usually do. 😉 Once upon… Read More »
Lower Cost with Interactive Brokers Everyone likes a discount, especially personal finance enthusiasts. We tend to get hyped over even marginal deals. 😀 Speaking of margin-al discounts. I recently lowered my stock margin rate from 4.45% to just 1.95%. Hot damn! It’s even lower than my mortgage now, haha. 😁 One of the best things investors can do to increase our… Read More »
A Philosophy on Debt Many people have this oversimplified, binary view on debt which suggests you either have debt, or you don’t. But the world of debt isn’t black and white. Much like women’s erotic fantasies, debt tends to operate in many Shades of Grey. 😀 However instead of only 50 shades, the debt spectrum covers an infinite span of possibilities!… Read More »
Being Mindful With Spending Mindful spending is when we only buy something that will create a net benefit to our well being, in proportion to its relative cost. The idea here is to spend money with purpose! 😀 This will reduce waste, maximize economic utility, and give us the most bang for our buck, so-to-speak. 🙂 In practice, all we need to remember… Read More »