Rule #1 Finance Blog

With Investor Phil Town

5 Tips to Help Improve Your Credit Score

Phil Town

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Posted in financial control

Learning how to improve your credit score is essential for financial and investing success.

It’s no secret that your credit score can have a major impact on your ability to get approved for financing—but did you know that your credit score can even affect your ability to rent an apartment or secure certain jobs? Read more.

5 Smart Ways to Make the Most of Investing in Your 30s

Phil Town

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Posted in financial control

The time value of compound interest simply can’t be overstated. If you begin investing in your 30s by putting aside $5,000 per year, you can expect to have around $1 million by the time you retire at age 65.

Meanwhile, someone who doesn’t start saving until their 40s will need to set aside three times this annual amount to achieve the same total return. Read more.

Can You Actually Time the Stock Market?

Phil Town

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Posted in financial control

Market timing or being able to time the stock market – predicting when it is going to crash and investing accordingly – is the holy grail of investing…investing Nirvana.

Having a crystal ball to predict the market is every investor’s dream. Read more.

Why You Don’t Need a Financial Advisor

Phil Town

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Posted in financial control

One of the most commonly held misconceptions in investing is the idea that you must work with a financial advisor in order to be successful.

Perhaps this myth has persisted for so long thanks to persistent marketing on behalf of financial advisory firms.

However, the reality is that investors who manage their own money are often able to perform just as well or better than those who work with a financial advisor and without any high fees eating into their returns. Read more.

Here’s How Rich You’d Be If You Followed Warren Buffett’s Investment Strategy

Phil Town

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Posted in financial control

Anybody who knows me for more than two seconds knows Warren Buffett has made a big impact on me and my investment strategy. Heck, I even named my business Rule #1 after one of his quotes, “Rule #1 never lose money. Rule #2 never forget rule number one.”  – Warren Buffett That’s a rule I Read more.

3 Common Investing Lies Busted

Phil Town

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Posted in financial control

There are common investing lies and myths that can often scare off the individual investor and make them wonder if investing is worth it.

I have put together my top 3 straight up investing lies that the majority of people are taught to believe. Read more.

Will The Stock Market Crash? Why I’m Waiting for the Next Crash

Phil Town

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Posted in financial control

“You don’t make money when you buy stocks. You don’t make money when you sell stocks. You make money while you wait.” – Charlie Munger

Most of the time, successful investing is a waiting game. Just as there are poor times to sell your stocks, there are poor times to buy them as well, and sitting on money (cash) while you wait for a better opportunity is often one of the best investing decisions that you can make. Read more.

How to Avoid Investing in Corrupt Companies (Don’t Get Burned By a Bad CEO)

Phil Town

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Posted in financial control

Nothing can sink a company and all of its investors quite as fast as corrupt companies, corrupt CEOs, or management teams.

You don’t have to look very hard to find examples of CEOs and other executives who sent their companies into a tailspin due to shady deals, ethically questionable behavior, and corporate corruption. Read more.

Are We Headed for a Stock Market Crash in 2018?

Phil Town

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Posted in financial control

Though it has had a few jitters lately, the overall strength of current market has been unprecedented, soaring past record after record in its continual upward climb.

However, no matter how strong a bull market is, it must come down eventually, and it is my opinion that a considerable stock market crash could be on the horizon.

Here are 6 reasons why I feel the stock market could be heading for tough times in the not-so-distant future. Read more.

Value Investing: Invest Like the Best Investors in the World With This Complete Guide

Phil Town

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Posted in financial control

Of the many different investing strategies that a modern-day investor has to choose from, value investing is among the most tried and true of them all.

Let’s dive into what value investing is and how you can use the principles of value investing to drastically grow your wealth over time. Read more.