I am on the record as skeptical of the value of paying a roboadvisor to execute capital-loss harvesting, but capital-gain and capital-loss harvesting is a subject that excites financial independence bloggers (e.g. here, here, and here), so I don't want to brush off the subject completely. For those unfamiliar, capital-loss harvesting allows you to offset … [Read more...] about Five ways to capitalize asset price movements
Archives for May 2017
I have written elsewhere about the importance of what I call "compounding discipline:" the deliberate choice to take the return you earn on alternative, irregular, and weird activities and reinvest them, instead of spending them. Exercising compounding discipline is essential to realizing the full benefits of those activities over medium and longer terms, but is … [Read more...] about Everyone needs, and no one has, compounding discipline
One of Charlie Munger's beloved aphorisms is to "fish where the fish are." It doesn't mean you're guaranteed to succeed, but you're much more likely to succeed than trying to fish anywhere else. When it comes to college scholarships, there's a cliche so old it's practically an antique: apply for as many scholarships as possible, no matter the amount, because every … [Read more...] about Fish for scholarships in the deepest pools of money
Let me state right off the bat: I love alternative investments. Today there are a huge range of opportunities to invest outside of the public markets, and I've written about some of them in the past: Wunder Capital. You can buy unsecured notes from Wunder Capital that are paid back from repayments on solar panel installation loans. Rich Uncles. Rich Uncles is … [Read more...] about How can you be paid to take risks you don’t understand?
I've been catching up on some episodes of a podcast targeted towards financial independence enthusiasts called ChooseFI. The hosts make up for a fairly rudimentary understanding of money with a ton of enthusiasm, which makes it fairly enjoyable depending on the episode. In a recent episode they started talking about car ownership, and something clicked with … [Read more...] about Is your car a cost center or a profit center?