Your 20s are an interesting decade for most people. Many graduate from college, get a first job, date a little, and maybe even get married. That's a lot of important financial changes in a decade! Maybe that's why it is so easy to make big money mistakes when you're so young. I'm in my mid 20s now and I have made plenty of mistakes that still make me cringe. However, I have … [Read more...]
Developing A Mindset To Overcome Excuses
Do you ever feel like it's hard to really get things done? I mean we usually have pretty good excuses right? "I'm too busy" is one of the most common ones. I've used it many times from not doing the dishes to getting a haircut to even starting a side hustle. However, to really become better and achieve real goals, we need to develop a better mindset to overcome excuses. 4 … [Read more...]
4 Reasons To Never Day Trade
A lot of young people get caught up in the sexiness of day trading. I can see the appeal: it's faced paced, adrenaline pumping, and "cool". Some may even make a quick buck due to beginner's luck. However, in the end, most people end up losing money. That's why I think it is a good idea to never day trade. Day Trading vs. Investing Day trading differs greatly from investing. … [Read more...]
Why You Should Attend An Annual Shareholder’s Meeting
90% of shareholders will never attend an annual shareholder's meeting in their life. Yet, I firmly believe there are great benefits to attending an annual meeting. You get to travel, meet with the stewards of your capital, and even network around with successful people. I have had a ton of fun going to these meetings over the past few years and hopefully some of you will as … [Read more...]
Are Collectibles Good Investments?
Who Knew Money Could Be Worth So Much! A good friend of mine lived in Russia during the 1998 financial crisis. Just before the brink of Russia's default, the country redenominated the Ruble, with one new Ruble equivalent to 1,000 old Rubles. People were allowed to trade in the old Rubles for the new ones. My friend kept a few crisp old Ruble bank notes. His mother thought he … [Read more...]