Rule #1 Finance Blog
With Investor Phil Town
One of the biggest obstacles holding people back from investing is that they think it is too complicated or too risky, but there are simple and smart investment strategies everyone can learn.
And by making smart investments based on research, even beginner investors can greatly reduce the risk of investing.Read more.
If you’ve ever bought and sold a rental property, a stock, or any investment, you were likely charged capital gains tax, whether you know it or not.
Capital gains tax gets a pretty bad rap, and rightfully so. This tax can take a huge cut of your profits from investments.
I’ll show you how it works, why it can be disadvantageous for investors, and how to avoid capital gains tax to a certain extent. That’s right, there are strategies you can follow that can greatly reduce the taxes you pay on your profits so you can keep more of your money.
When you invest the Rule #1 way, you can easily avoid capital gains tax. Here’s how.Read more.
Don’t burst your bubble! Understanding if we are in a tech bubble can be tricky. Find the signs of a tech bubble and be prepared for when the bubble bursts.
If someone told you that you could make a few hundred dollars, or maybe even a few thousand dollars, a month on top of your regular paycheck, you’d be interested, right?Read more.
Warren Buffett once said, “Diversification is protection against ignorance.”
When you think about it, this quote makes perfect sense. If you diversify too much, you will never be an expert in any one industry or company and could lose sight of how to best manage your investment.
In this instance, ignorance is most certainly not bliss.Read more.
Being financially free sounds nice to all of us, doesn’t it? It sounds like a whole lot of stress is gone for good, and having plenty of money in the bank each month. For many of us though, it also sounds too good to be true—But, it isn’t.
Anyone can achieve financial freedom. Yes, this includes you.Read more.
Learning to invest is a skill that can provide you with incredible lifelong value. It’s not something anyone knows how to do when they first start, but with the right mindset, drive to keep learning, and commitment to see it through, even you can become a great investor.
I know it can feel intimidating at first, which is why I’m sharing a simple, yet proven, path to becoming an investor.
If you follow the Rule #1 Investing strategy, you can learn not just how to become an investor but more importantly how to build wealth that will sustain you, your family, and the generations to come.Read more.
Saving money can be difficult to commit to, but if you start now, you can set yourself up for the future you’ve always hoped for.
For many people, financial struggles are a direct result of not bringing in enough money.Read more.
Is the market going to crash soon?
If you have found yourself asking this question and wondering where we will be in the next few months, or even by the end of this year, you’re not alone. If the COVID-19 pandemic has taught us anything, it’s that there is a lot we can’t control.
But if the stock market does crash, it won’t be the first time. Stock market crashes have occurred throughout history from time to time, and although this may not be a comforting thought, they are always unexpected.
Worrying about when the market will crash won’t help, but learning what to do before, during, and after it occurs will. My goal is to leave you with all the information you need to know if a stock market crash is on the horizon… and it very well could be.
This way, you can take that worry and turn it into productive action that will actually help you handle and even benefit from a stock market crash.Read more.
There’s a lot of fear surrounding stock market crashes, so it’s natural to wonder if we’re on the cusp of a crash and what to do about it.
While you can’t predict the stock market, knowing how to spot the signs of a market crash can help you prepare for an impending downturn.
Before we dive in, I want to be clear: knowing a crash could be coming will only get you so far.
Think about it. If you see the warning signs of a market downfall, but haven’t put in the work to confidently know what you should and shouldn’t be invested in both now, and after the market drops – where does that really leave you?
That’s why in this post I’ll show you not only the warning signs of a market crash approaching, but also what to do about it and how to spot companies that will survive any market volatility.
Let’s dive in.Read more.