Rule #1 Finance Blog
With Investor Phil Town
You’ve probably heard before that those who do not learn from history are doomed to repeat it.
This saying holds true for many things, including investing. Read more.
With 2018 coming to a close and 2019 right around the corner, it’s time to take a look at what happened over this past year and what investors can look forward to in the coming year.
With that said, let’s dive into the recap of 2018 and the outlook of 2019 with some “thin” stock market predictions.
The U.S. stock market may be the largest and most well-known market, but it is not the only one available. If you’re thinking about international investing there are stock markets in countries all over the world, ranging dramatically in size, volatility, and every other factor. Read more.
When it comes to investing, the earlier you start the better. Compound interest will help grow your money exponentially, meaning that if you start investing in your 20s, rather than later in life, you can end up with many times the amount you saved as a young person. When it’s time to retire, you will find that a few hundred dollars invested at age 20 has grown into a valuable asset.
If you are in your 20s and want to get a head start on investing, here are a few tips to help you out.
Getting to middle adulthood demands a shift in priorities. Once you stop needing to count the days to your next paycheck, it’s time to start really planning out your financial future. There are so many money traps that can get in the way, and you may not even realize it. Read more.
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.
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.
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.