One of the most important things you can learn as you study finance and investing is that the markets do not care about you. This is, on the one hand, terrific news: if the market cared about you, you might find it an angry and vengeful, rather than benign, master. The flip side is that your personal development as an investor has absolutely no effect on … [Read more...] about An investment strategy doesn’t work just because you, personally, find out about it
Archives for February 2017
While the income tax code is packed full of adjustments and credits for "reservists, performing artists, and fee-basis government officials" and those engaging in "domestic production activities," the only income tax benefit a low-income self-employed person can deliberately trigger is the retirement savings contribution credit. By saying someone can … [Read more...] about Why I make $18,500 every year
Since this is the first bull market during which I've been invested in the stock market, it's been interesting observing my emotions as US stocks have marched steadily higher. My investments are completely passive and I don't have any interest in acting on my emotions, but I understand where the impulse to react hourly or daily to market events … [Read more...] about Of course there’s going to be a major market selloff. From what level?
This is a subject I've written about before on the Saverocity Forum, but now that I've got this whole finance blog I can share it with a bigger, smaller, or at least different audience than regular Forum visitors. Anyone can get a tuition-free higher education in the United States. I'm going to show you how, and tell you why you won't believe me, even after I … [Read more...] about You can go to college for free (but you won’t)
Capitalism has always been subject to periodic crises. It's now very fashionable to refer to "Minsky moments," but you don't need any training in economic theory to observe that, as a matter of fact, these crises regularly occur, causing a drastic fall in asset values, an economic slowdown or recession, or both. Once you accept that the certainty of another … [Read more...] about Where is the next crisis hiding?