Rule #1 Finance Blog

With Investor Phil Town

Will There Be a Recession in 2020?

Phil Town

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Posted in investing news and tips

With the current stock market at an all high, one of the biggest question on everyone’s mind is, “Will there be a recession in 2020?”

The stock market keeps on hitting new record highs. It has literally never been higher than it is now, but of course, it won’t stay that way forever.

The market runs in cycles. It goes up, it goes down.

We can’t tell EXACTLY when the market will hit bottom again, but by looking at market cycles, we can get a rough idea of whether for not a recession with happening in 2020.

Read more.

When Should You Sell a Stock?

Phil Town

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Posted in investing news and tips

Determining when you should sell a stock may seem tricky, but it is actually really simple.

Warren Buffett says that the ideal investment is one that you can hold onto forever, growing your money for as long as you own it.

However, Buffett and every other successful investor also know that there are times when selling a stock is the best path forward. So, the question is when should you sell a stock? Read more.

How to Invest in Stocks: A Guide to Stock Market Investments for 2020

Phil Town

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Posted in investing news and tips

For many people, there seems to be a divide between knowing that investing in stocks is a prudent financial decision and knowing how to invest in stocks. Without a doubt, the stock market can be incredibly confusing to the uninitiated, and for many would-be investors that confusion is enough to scare them away from investing. Read more.

The Best Way to Invest $10,000 in 2020

Phil Town

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Posted in investing news and tips

If you’ve got $10,000 to invest, you’re off to a great start. $10,000 is much more than many of the world’s richest investors started out with, including Warren Buffett. Read more.

My Favorite Investing Resources That I Check Every Day

Phil Town

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Posted in investing news and tips

One of the best things about living in the digital age is the fact that almost everyone has an unlimited source of information available at all times.

The internet has been a game-changer for investing resources, enabling people like you and me, to learn everything there is to know about investing all without ever leaving their house. Read more.

7 Financial Goals to Set in 2020

Phil Town

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Posted in investing news and tips

In order to achieve your financial goals, you first have to set them. Setting goals is proven to be an essential factor in finding success, and this is something that applies to all aspects of life. Read more.

Money Traps to Avoid in Your 50’s

Phil Town

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Posted in investing news and tips

Every phase of life has its own set of things that you should avoid.

If you’re in your 50s and nearing retirement avoiding these money traps is especially important. The last thing you want to do is trip now when you are so close to the finish line.

With that said, let’s talk about money traps to avoid in your 50s.

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How to Invest Money: A Simple Guide to Grow Your Wealth in 2020

Phil Town

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Posted in investing news and tips

Figuring out how to invest money can be a real challenge. And I’m sure you’ll agree with me when I say: There’s certainly no shortage of information on investing available in the digital age. However, too much information can be overwhelming. Right? That’s why we made a guide to help you get a solid grasp of Read more.

5 Step Money Challenge to Prepare for 2020

Phil Town

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Posted in investing news and tips

It’s important that before you actually start investing on your own, that you get your financial house in order. Many people don’t track their spending and many of us haven’t started saving for retirement. There’s always room for improvement when it comes to what we’re doing with our money, which is why I want to give you a financial challenge… Read more.

3 Millionaire Lifestyle Myths Debunked

Phil Town

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Posted in investing news and tips

What comes to mind when you think of a millionaire?

If you’re like most people, you probably think fancy cars, an elaborate mansion, and a frivolous, over-the-top lifestyle.

In reality, the real lives of most millionaires are much different than our stereotypes would suggest.

Let’s clear up some of these misconceptions and a look at some of the most common millionaire lifestyle myths to uncover what the life of the typical millionaire is really like.

Read more.