Long term planning There were three events that had a profound impact on my financial life. They helped me realize that when you choose to invest, you are not just picking up a new hobby or side hustle. You are actually choosing a lifelong career – a future. Much like a marathon, investing is for the long run.… Read More »
What should your net worth be? Author Thomas J. Stanley, first published his Wealth Equation in the book, Marketing to the Affluent. He states that your household’s net worth should equal 10% of the age of the primary breadwinner times your household’s annual realized income. So your expected net worth = (Age)x(0.1)x(Income) If you are in the Balance… Read More »
Best Bull Market Ever Stock markets are at record highs. The year to date return of the S&P 500 is 25% – a staggering performance! But of course making money from companies isn’t just about percentages. Otherwise everyone would simply invest in hard liquor. Because where else can you get 40%? 😎 In 2008 my net worth was… Read More »
Looking Ahead – What to Expect in the new year The last decade has been one of the best times for investors of any generation. 🙂 It didn’t matter if you had money in stock, bonds, or real estate. Almost every major asset class delivered terrific returns on average. But I think 2020 will be a very pivotal… Read More »
How to spot the warning signs of a looming recession Last year I wrote a blog post explaining that a recession may not be far away. A recession is 2 consecutive quarters of negative economic growth. The indicators at that time were still questionable. But fast forward to today and wow, the signals have become much clearer! Here are… Read More »
Happy new year, everyone. 1999 was already 20 years ago. That was the year when The Matrix and Star Wars Episode 1 movies came out. Darn, I feel old. 😐 I think the financial markets are in for a very eventful year in 2019 as issues in the economy may expand and bleed into the real estate and… Read More »